Talkingpointsmemo's Josh Marshall on McCain and Wall Street crisis: "Let Me Get This Straight"

[flpoljunkie]

Just Thinking

09.15.08 -- 10:45PM
By Josh Marshall

Let me get this straight. John McCain's top economic advisor, former Sen. Phil Gramm, is the guy who authored the deregulation law that most agree is the ultimate cause of today's financial meltdown. Tomorrow's and probably next week's too. But let's not get ahead of ourselves. John Thain, CEO of Merrill Lynch, which swirled into brokerage oblivion today, is one of McCain's top economic advisors too. And now McCain says he's going to clean up the mess by putting in tighter regulations and oversight even though he's always supported lax oversight and his top economics guy is the one who loosened the rules in the first place.


http://talkingpointsmemo.com/archives/217149.php

The question is will the media let McCain get away with this breathtaking hypocrisy? I know Obama will not, but what about the media?

[Marsala]

1. The media are practically irrelevant at this point

I think they will try to call McCain on his hypocrisy, but his campaign is so far into lies that they will probably just create their own reality and scream "Liberal media bias! In the tank for Obama!"

[dgibby]

2. That's weird, because ---

he was asked about that just this am on CNN and said he has always been against regulation. I guess he was against it before he was for it before he was against it--- well, you know---will the REAL John McInsane please stand up?:wtf:

[Viking12]

3. or, as Phil Gramm would say, "Stop your whining"

[Vattel]

4. nice quote

that really says it all. Even if the media does talk about this, they'll probably fuck it up in a way that makes McCain look good.

[Orsino]

5. What was the breakdown of votes on that law? n/t

[hootinholler]

6. It was slipped into a budget bill.

Don't remember which one exactly.

-Hoot

[dchill]

7. "McCain says he's going to clean up the mess..."

McCain says a LOT of things. Doesn't he...
:puke: