Here is a rough transcript broken up in relevant segments.
The Straight Talk Express Has "Fenders Ripped Off It": McCain's Three Bad Days This Week
After eight years of this failed approach, we have what have here. On Monday, with one major investment bank headed for bankruptcy, another sold at bargain price to avoid the same fate, tens of thousands of people loosing their – tens of thousands of people losing their jobs and one of the worlds largest companies teetering, John McCain declared that the fundamentals of the economy are strong.
Now, Mr. President, the Straight-Talk Express is really in bad shape. This vehicle has fenders ripped off it. It's – there are very few seats left inside it and it hit another big wall Monday, hit another big wall on Tuesday and today it hit another big wall. The wall today is – John McCain said today – this just came out on the Associated Press – he said today that the reason for all this stuff is lack of good regulation. Huh.
How in the world could the Straight-Talk Express say that? And I think that's one reason that I'm not sure the Straight-Talk Express is even running after the last three collisions. It's in very, very bad shape.
John McCain's Flip Flop In Just Last 24 Hours
But yesterday, Even John McCain finally acknowledged what everyone else already knew. He no longer, I guess, thought that the fundamentals of the economy were great, as he had said only a day or so before that. What he said is that the economy is broken. That's some switch, isn't it. From being "fundamentally sound" to "broken?"
On Bush Administration's request for bailouts
The economy is not going to turn around overnight. We can't snap our fingers or pass a bill and expect our problems to be solved instantly. We were told that last night by Chairman Bernanke and Secretary Paulson. The whole situation is not going to be easy. It's going to take bipartisan cooperation, and I know for certain that we're not going to fix our economy with a candidate who only yesterday woke up and realized there's a problem.
Mr. President, I would like for once, this administration to come to me with a problem that they would like to help us work on, to help the middle class. They come to us all the time to bail out that big company or that big company or this big conglomerate, but where are they for these emergency meetings to help people who can's afford gas, can't afford health insurance, can't afford to keep their kids in college?
We're paying record prices for gas, for groceries, healthcare. That didn't happen yesterday. Millions of families are losing their homes to foreclosure and are seeing their home equity disappear. That didn't happen yesterday.
Monday's McCain v. Tuesday's McCain:
Monday's McCain said our economy is strong. Tuesday, McCain said our economy is broken. Wednesday's McCain said it's because of lack of regulation. Try to figure that out, Mr. President.
This is – This is a Straight-Talk Express which is broken, in bad shape and he can't find passengers anymore. Perhaps Today's McCain will explain how a candidate spent thirty years in Washington siding with Wall Street over Main Street, who changed the economy 180 degrees in 24 hours. I think he's running himself.
Is he prepared to lead us to the road of economic recovery? I don't think so.
Why we need new leadership:
The extraordinary economic challenges we now face demand leadership and a new approach. The United States Senate will continue to listen intently to any proposal that the Administration offers, but we know that the real chance we need will come only when we have a president who will act as a guardian of the American People.
http://www.americablog.com/2008/09/harry-reid-rips-fenders-off-straight.html
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