Wednesday, September 17, 2008

McCain Now Embraces Regulation after Many Years of Opposition

McCain Now Embraces Regulation after Many Years of Opposition
Shifting positions, trying to have it both ways, knowing most of his supporters won't know the difference...

It's too bad most Americans who are being fooled by McCain/Palin will never read this article in today's Washington Post or even be interested in or aware of the kinds of positions McCain has supported and then deserted in his opportunistic campaign of lies to get to the White House, no matter what it takes. Hellbent to keep Republicans in the White House (God knows why after they've observed the last eight years and endured them along with the rest of us!) many dyed-in-the-wool Republicans--numbers of them, unfortunately, admitted or non-admitted racists--will vote for McCain/Palin without knowing anything about them except that "she's a Christian I'd like to have a beer with and he's a maverick." God help us!:

Read rest of article at:

EXCERPT: McCain had joined with other Republicans to push through landmark legislation sponsored by then-Sen. Phil Gramm (Tex.), who is now an economic adviser to his campaign. The Gramm-Leach-Bliley Act aimed to make the country's financial institutions competitive by removing the Depression-era walls between banking, investment and insurance companies.

That bill allowed AIG to participate in the gold rush of a rapidly expanding global banking and investment market. But the legislation also helped pave the way for companies such as AIG and Lehman Brothers to become behemoths laden with bad loans and investments.

McCain now condemns the executives at those companies for pursuing the ambitions that the Gramm-Leach-Bliley Act made possible, saying that "in an endless quest for easy money, they dreamed up investment schemes that they themselves don't even understand."