McCain delivers a howler
with a straight face.
Lately, John McCain has been serving up some real howlers — claims ridiculously out of kilter with his record — all delivered with a straight face. Here is one of the howlers from his acceptance speech at the Republican Convention: “_[I]nstead of freeing ourselves from a dangerous dependence on foreign oil, both parties — and Senator Obama — passed another corporate welfare bill for oil companies._”x So, the candidate of the Party of Big Business is charging his opponent in the Party of The People with corporate welfare!? Well, it turns out that the net effect of the bill McCain cited would actually _raise_ taxes on oil companies, as well as lower taxes for renewable energy.x Further, McCain has worked and voted against measures to repeal oil company tax breaks.xx Another McCain howler came last week in a speech where he baselessly accused Barrack Obama of doing the bidding of lobbyists for big finance, and then said of himself: “_There will be no seat for [the lobbyists] at the policy-making table. They won’t even get past the front gate at the White House._”xx But they sure got past the door of his campaign bus! McCain’s campaign staff is loaded with high-rolling lobbyists, including those for big finance.x And McCain has championed those lobbyists’ issues, such as freeing financial markets from federal oversight.x Also last week, McCain spoke about the looming meltdown of the financial system, and dished out this howler: “_Under my reforms, the American people will be protected by comprehensive regulations that will apply the rules and enforce them to the full._”x So this strident advocate of market deregulation, now wants to regulate the markets!?x It was McCain’s top economic adviser, Phil Gramm, who pushed through the law to create the “shadow banking system”, which lies at the root of today’s financial turmoil.x Senator McCain, enough already!
fn70. “John McCain’s Acceptance Speech, 2008-09-04”:http://elections.nytimes.com/2008/president/conventions/videos/transcripts/20080904_MCCAIN_SPEECH.html
fn71. “‘FactChecking McCain’ – FactCheck.org, September 5, 2008”:http://www.factcheck.org/elections-2008/factchecking_mccain.html
fn72. “‘John McCain Revealed’ – AFL-CIO”:http://www.aflcio.org/issues/politics/mccain_gasprices.cfm
fn73. “‘Big Oil vs. Little Wind’ – _The Carpetbagger Report_, August 12th, 2008”:http://www.thecarpetbaggerreport.com/archives/16533.html
fn74. “‘McCain Offers Few Details on Economic Plan’ By Robert Barnes, _The Washington Post_, 2008-09-19”:http://voices.washingtonpost.com/the-trail/2008/09/19/mccain_offers_few_details_on_e.html
fn75. “‘McCain Neck-Deep in K Street Sewer’ – _The Paragraph_, 2008-08-23”:http://theparagraph.com/2008/08/mccain-neck-deep-in-k-street-sewer/
fn76. “‘McCain Enabled Our Economic Meltdown’ By Robert Scheer, Truthdig. September 18, 2008”:http://www.alternet.org/workplace/99234/mccain_enabled_our_economic_meltdown/
bq. … [McCain] voted for abolishing all of the significant rules put in place at the time of the Great Depression designed to prevent a repeat. The two main bills accomplishing that, bills which McCain enthusiastically supported, were the Commodity Futures Modernization Act and the Gramm-Leach-Bliley Act. The Gramm is former Sen. Phil Gramm, who was chair of the Senate Banking Committee when he acted as chief sponsor of both pieces of legislation. The same Gramm that McCain picked to co-chair his presidential campaign.
fn77. “‘McCain Remarks on the Financial Markets’ – CQ Transcripts Wire, September 16, 2008”:http://www.washingtonpost.com/wp-dyn/content/article/2008/09/16/AR2008091601750_pf.html
fn78. “‘McCain Embraces Regulation After Many Years of Opposition’ By Michael D. Shear, _The Washington Post_, September 17, 2008, Page A01”:http://www.washingtonpost.com/wp-dyn/content/article/2008/09/16/AR2008091603732.html
fn79. “‘Obama’s Fannie Mae ‘Connection” by Michael Dobbs, _The Washington Post_ Fact Checker, 2008-09-19″:http://voices.washingtonpost.com/fact-checker/2008/09/obamas_fannie_mae_connection.html
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“By Quinn Hungeski”:http://theparagraph.com/?page_id=20#Copyright – Posted at “G.N.N.”:http://hungeski.gnn.tv & “TheParagraph.com”:http://theparagraph.com