Everybody aboard the McCain-Palin Express to the land of cognitive dissonance. As our government scrambles to keep the country's largest insurance company, AIG, from collapsing, John "I'm always for less regulation" McCain is calling for more government regulation.
"Now hold on," you might say.
Isn't this the John McCain who, told the Wall Street Journal "I am a fundamentally a deregulator," just a few months ago?
Or, hasn't John McCain been out on the campaign trail arguing that tax cuts and less regulation are the keys to fixing our economy?
Or, isn't one of McCain's top economic advisers Phil Gramm - the guy who call Americans, "a nation of whiners," and authored the Gramm-Leach-Bliley Act to strip regulations that could have helped prevent this mess?
Or, didn't Barack Obama warn us about this crisis and call for regulatory reform back in March?
Well, John McCain doesn't care if the answer to all these questions is YES, because he's running for president, and - in case you hadn't noticed - he's not going to let little things like "facts" or "the truth" keep him from winning the White House. It'll be interesting to see how he tries to spin himself into a champion for regulation, considering he has a 30-year history of supporting deregulation at almost every opportunity. Also, this might be the appropriate time to reintroduce the Keating Five scandal, as a pretty strong example of a time where McCain used his power as a United States Senator to block the government from regulating a company making bad investments with other people's money.
If you have some time, do yourself a favor and watch/read Barack Obama's March 27th speech on "Renewing the American Economy." It's nice to have a candidate thoughts on our economy extend beyond, "Drill Baby Drill."
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