Maddow & Sirota Discuss McCain's Flip Flop on Regulations

[ultraist]

Run time: 04:45 https://www.youtube.com/watch?v=OfKPB-AbNts   Posted on YouTube: September 17, 2008 By YouTube Member: Views on YouTube: 0   Posted on DU: September 17, 2008 By DU Member: ultraist Views on DU: 794

 
On the Maddow Show, David Sirota and Rachel Maddow discuss McCain's long record of opposing regulations, his recent flip flop and his involvement in the Keating Five scandal.

Via the NYT:

http://www.nytimes.com/2008/09/16/us/politics/16record.html?_r=2&hp=&pagewanted=all&oref=slogin&oref=slogin

"Speaking in Florida, he said that the economys underlying fundamentals remained strong but were being threatened because of the greed by some based in Wall Street and we have got to fix it.

But his record on the issue, and the views of those he has always cited as his most influential advisers, suggest that he has never departed in any major way from his partys embrace of deregulation and relying more on market forces than on the government to exert discipline.

While Mr. McCain has cited the need for additional oversight when it comes to specific situations, like the mortgage problems behind the current shocks on Wall Street, he has consistently characterized himself as fundamentally a deregulator and he has no history prior to the presidential campaign of advocating steps to tighten standards on investment firms."

McCain was long against regulations, before he was for them!

[Quantess]

1. Very relevant.

K & R.

[bjobotts]

2. McCain always says we have to fix it...fix what "he" has enabled and created

[ultraist]

4. Exactly!

It was the failed McCain-GOP policies that drove our economy into the ditch but expect McCain continue to shirk responsibility and lie about his part in it.

[gtar100]

3. So good to see David Sirota on television

He's a natural and holds his own in a room full of neo-cons. Having both Rachel and him together actually gives a sense that intelligence and entertainment can co-exist.