McDeregulation

McCain now claims he's for government regulation and "oversight" of corporations and has been all along. That's yet another LIE.
To quote his good buddy Senator Graham, "The rhetoric and the record don't match", although Graham was lyingly referring to Obama's record, not McCain's. The words match the McSame actions much better.

Q: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now?

McCAIN: No. I think the deregulation was probably helpful to the growth of our economy.

Fact:McCain has ALWAYS been against regulating corporations.

he has no history prior to the presidential campaign of advocating steps to tighten standards on investment firms...

"I’m always for less regulation," he told The Wall Street Journal last March, "but I am aware of the view that there is a need for government oversight" in situations like the subprime lending crisis, the problem that has cascaded through Wall Street this year. He concluded, "but I am fundamentally a deregulator."

McSame needs to learn how to use teh google. Technically he can say he didn't actually vote FOR Gramm's bill at one point. Although a backer of the legislation from day one, he escaped with a recorded Not Voting designation. The bill passed with 90 Yeas at that stage out of many. How mavericky and brave of him. McSame never met a corporation or rich family, aka gang of unscrupulous thugs, he didn't like.

Claiming that Fannie Mae and Freddie Mac caused the financial meltdown is a LIE. It's the spin from the right...blame the borrowers, especially if they're not wealthy. A favorite hobby of the GOP is "Blame the Victim". The meltdown in the economy is directly related to deregulation of the BIG BOYS on Wall Street, and the inevitable theft they perpetrated, not the little guys on Main Street trying to pay their mortgages after their jobs were outsourced. It's typical GOP "blame the victim" bullshit.

Federal housing data indicate that the charges aren't true, and that the private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.
...
Federal Reserve Board data show that:

•More than 84 percent of the subprime mortgages in 2006 were issued by private lending institutions.

•Private firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.

•Only one of the top 25 subprime lenders in 2006 was directly subject to the housing law that's being lambasted by conservative critics.
...
Fannie Mae, the Federal National Mortgage Association, and Freddie Mac, the Federal Home Loan Mortgage Corp., don't lend money, to minorities or anyone else, however. They purchase loans from the private lenders who actually underwrite the loans.
...
But these loans, and those to low- and moderate-income families represent a small portion of overall lending.

Ahahahaaaaa, how conveeenient. He pretends he had no hand act nor part in the mess he eagerly helped to create.
McCain Blasts Wall Street's 'Reckless Conduct, Corruption, and Unbridled Greed'

"I promise you that on my watch, we are never going to let these kinds of abuses go uncorrected or unpunished."

Actions speak louder than words, John.

During the GOP primary debates, March, 2008, Russert to McCain:

"You have said repeatedly, quote, 'I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated.' Is it a problem for your campaign that the economy is now the most important issue, one that by your own acknowledgment you're not well versed on?"

McCain: "Actually, I don't know where you got that quote from. I'm very well versed in economics. I was there at the Reagan revolution. I was there when we enacted the first -- or just after we enacted the first tax cuts and the restraints on spending. I was chairman of the Commerce Committee in the United States Senate, which addresses virtually every major economic issue that affects the United States of America. I'm very well versed on economics."

McCain just doesn't know where Russert got those quotes? How about the New York Times and the Boston Globe? Perhaps he considers those to be the "Liberal Media" so how about the Wall Street Journal? John Sidney McCain, Google IS your friend! Honestly! Sid McCain can't handle the truth.

"I'm going to be honest: I know a lot less about economics than I do about military and foreign policy issues. I still need to be educated."-The Wall Street Journal, Nov. 26, 2005


"The issue of economics is not something I've understood as well as I should," McCain said. "I've got Greenspan's book."-Boston Globe, December 18, 2007

And... His foremost economic guru is former Texas Sen. Phil Gramm (who would almost certainly be Treasury secretary in a McCain administration) YIKES! Whiners, begone!

McCain and Bush were on the same page 95% of the time.
Twins. McSame in every way regarding NOT regulating their friends.


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Spinning Head Notes:
Craig Crawford's gasps for air are incredibly irritating. (So many "pundits" are fucking irritating.) But for the love of ghod, give the man some oxygen or take him off the air.
MSNBC:Could somebody give Contessa Brewer a few grammar lessons?! She needs to start at square one with the difference between singular and plural modifiers. It's PAINFUL to listen to her "wing it" and breathlessly fracture the English language during so-called "breaking" news stories. Watching her try to think is excruciating.

I whine endlessly about this one but it's been a sharp thorn in my side for years; my MAJOR language manglage pet peeve ever since Dick became the veep: PLEASE networks, Cable news, all television "news" shows... remove "IF YOU WILL" from the repertoire of each and every spinning head on TV. I know, getting rid of this particular piece of filler will limit what the Max and Maxette Headrooms have to say but that might be a good thing. David Schuster, Norah O'Donnell, David supercilious Gregory, Wolf Blitzer, Dana Bash...and on and on and on, just about ALL of them.... ARRRRGGGGHHHH! Make it stop! To them it's filler the same way "um" and "like" are to teens, but to me it's a reminder of Dick; LIES ABOUND.