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Originally posted by jtma508
Oh Please! You BELIEVE that BS definition of fundamentals?
If there has been one constant in Mr. McCain's legislative record through decades in the House and Senate, it has been his unequivocal support for deregulation. He championed it during his years as chairman of the Senate commerce committee. He campaigned actively and successfully for the very act that scrapped the regulations whose absence created this cascade of bank and insurance-company failures.
Over the last few days, John McCain has talked a decent game when it comes to enacting new regulations to protect American families from another financial crisis. But as this new video demonstrates, McCain's talk is just hot air -- he's got no record to back it up.
Last March, he famously said that he was "fundamentally a deregulator." In July, he said that his "fundamental difference" with Barack Obama was that Obama favored "more regulation" while he favored less. And earlier this month, McCain's strong support for deregulation was on display in speech after speech at the GOP convention.
Now, John McCain is scrambling to follow Barack Obama's lead as a reform-minded proponent of regulation. But that can't change the fact that when it comes to his record, all the way up until Thursday of last week, John McCain is "The Fundamental Deregulator"
It's due entirely because of greedy lenders and buyers, period!
A chess move, that if not mirrored by Obama, makes McCain look really good (to a lot of people) and Obama...not so much (to a lot of people)
[edit on 9/24/2008 by skeptic1]
Originally posted by ZombieSlayer
It was just confirmed that Obama contacted McCain first this morning. So it looks like McCain is taking credit for Obama's idea.
Originally posted by nyk537
Obama says the debate is on