Wednesday, September 17, 2008

Is this reassuring?

From McCain says government 'forced' to bail out AIG: (emp add)
Although he is stepping up criticism of government regulators as he seeks the presidency, McCain has long favored a reduction in corporate regulation. A similar free-market thinker, former Sen. Phil Gramm of Texas, who led the Senate Banking Committee in Congress, has been an adviser to the campaign. ...

Elaborating on the charge of corruption, McCain said that many Wall Street executives had claimed "everything's fine, not to worry" and that Congress and regulators had paid no attention. "All of them were asleep at the switch," he said, and went on to blame special interests and lobbyists as well.

Asked for specific examples of corruption regarding AIG, senior McCain campaign adviser Steve Schmidt offered none.

... when asked by ABC for examples of what he would do to deal with the current problems, McCain cited only the proposals he offered well before the crisis emerged — no tax increases, affordable health care and energy alternatives among them. ...

In the ABC interview, McCain called the financial crisis "one of the most severe crises in modern times," yet on Monday morning he had maintained his oft-stated position that "the fundamentals of our economy are strong." ...

In two new television ads Wednesday, McCain asserts that he is the right leader to keep Americans' savings safe.
Forget policies, McCain doesn't have a good message on this issue.


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