McCain’s On Again Off Again Regulation Stands

Sen. John McCain has spent much of his two decades in Congress pushing deregulation, but the Republican presidential nominee is continuing his election year migration toward more government control of the economy as the nation faces one of its greatest financial crises since the Great Depression.

“I want the people in Ohio here to know that I have not forgotten the economy on Main Street,” McCain said during a campaign stop in Strongsville, Ohio, on Tuesday. “Not Wall Street, not Washington, D.C., but Main Street is the focus of our attention and our efforts.”

McCain’s latest populist message comes as Congress weighs a $700 billion bailout plan to prop up struggling financial firms beset by bad mortgages and head off a severe credit crunch.

McCain expressed doubts about the bailout during a campaign stop in Media, Pennsylvania, on Monday, in an attempt to help distance himself from the unpopular president.

Actually, this, as with most things political are nothing but politically expedient talking points.  So is he for or against regulating Wall Street?  That is a question the voter should be asking themselves.

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