from the DNC:
http://www.democrats.org/a/2008/09/about_that_chai.phpJohn McCain, who freely admitted he doesn't understand the economy, tried to claim his former chairmanship of the Senate Commerce Committee provided him with the needed experience to handle the turmoil in the U.S. financial system on cable news morning shows.
Only one problem -- the Senate Commerce Committee does not oversee those issues.Washington Post: (
http://voices.washingtonpost.com/the-trail/2008/09/16/mccain_seeks_to_recast_commerc.html)
"I know how to fix this economy. I have had great experience on these issues as chairman of the Commerce Committee," he said on Fox's "Morning Joe."
On CNBC's "Squak Box," he added: "I understand the economy. I was chairman of the Commerce Committee that oversights every part of our economy."
In fact, it is the Senate Banking Committee that has oversight of "banks, banking, and financial institutions; control of prices of commodities, rents and services; federal monetary policy, including the Federal Reserve System; financial aid to commerce and industry and money and credit, including currency and coinage."So what did his Committee actually do?
According to it's website, the Commerce committee oversees 13 areas, beginning with the Coast Guard, and continuing through "Regulation of consumer products and services ... except for credit, financial services, and housing" -- the very areas now in crisis
.Either John McCain is blatantly lying about the duties of the Senate Commerce Committee (and hopes no one notices), or he is so out of touch that he doesn't even know what his own Committee did while he was chair.