September 15th, 2008
10:20 AM ET
6 years ago

McCain vows to reform Wall Street

McCain is vowing to reform Wall Street in a new ad.
McCain is vowing to reform Wall Street in a new ad.

(CNN) - Amid the news of major bank failures on Wall Street, John McCain is pledging to reform the nation's financial system in a new ad released Monday morning.

"Our economy in crisis. Only proven reformers John McCain and Sarah Palin can fix it," the ad's narrator states. "Tougher rules on Wall Street to protect your life savings. No special interest giveaways. Lower taxes to create new jobs. Offshore drilling to reduce gas prices."

McCain pressed the message at a campaign event in Jacksonville, Florida Monday morning.

“We will never let this happen again. We will clean up Wall Street. We will reform government," he said. "This is a failure.”

Responding to the ad, Obama campaign spokesman Bill Burton said McCain's pledges do not match his record in the Senate.

“John McCain has been in Washington for twenty-six years and hasn’t lifted a finger to reform the regulations that could’ve prevented this crisis," Burton said. In fact, his campaign is run by some of the very same lobbyists who fought against these regulations and worked to put special interest giveaways in our federal budget."


Filed under: John McCain
soundoff (410 Responses)
  1. IAIAIAIAIAIAIAIAIAIAIAI

    M C C A I N----P A L I N---T R U E--R E F O R M E R S

    September 15, 2008 10:21 am at 10:21 am |
  2. Real Real Change

    You've been there for 26 years big fella. Why haven't you "reformed" it already?

    September 15, 2008 10:21 am at 10:21 am |
  3. jon

    john mccain says 3million $ was spent for dna on crabs in montana and he will stop it when he is president. how about 4million$ that was spent in alaska on fishes by palin double talk
    i dont blame him i blame his caregivers for not giving him his meds .
    oh they are women and they went on strike because they dont get equal pay as men do if sarah palin was standing up for woman rights she would insist on equal pay for equal pay.but she is only being used

    September 15, 2008 10:21 am at 10:21 am |
  4. Ohio for Obama

    shut up john mccain, you're a liar and you've lost credibility

    September 15, 2008 10:22 am at 10:22 am |
  5. John in Indiana

    This is from the party that de-regulated industry and finance sine the Regan years.

    September 15, 2008 10:22 am at 10:22 am |
  6. Scott NYC Independent

    I'm sure he has just the right lobbist in mind for the job too.

    September 15, 2008 10:23 am at 10:23 am |
  7. Ex-mod-GOP for Obama

    McCain has had his chance. It's time for real reform. When I need someone to right Republican policies (or lack thereof) I call on Democrats, not other Republicans.

    September 15, 2008 10:23 am at 10:23 am |
  8. steve

    There you have it! Hasn't lifted a finger..................

    September 15, 2008 10:23 am at 10:23 am |
  9. cee cee

    The Guestion is "McCain Vows to Reform Wall Street".
    Answer:

    September 15, 2008 10:23 am at 10:23 am |
  10. Chris from Delmar

    I don't want to know how many times John McCain voted for George Bush's proposals. I want to know how many times John McCain voted for Herbert Hoover's proposals!

    September 15, 2008 10:23 am at 10:23 am |
  11. elle

    that is the scariest thing i ever heard !!! From a mayor that left her town in debt and a gut that admitted that the economy wasn't his strong suit.

    September 15, 2008 10:24 am at 10:24 am |
  12. Spencer from VA

    He needs to reform his party before he tries to reform Wall Street. He doesn't even have executive experience since he wants to make that an issue. What a jerk!

    OBAMA/BIDEN 08

    September 15, 2008 10:24 am at 10:24 am |
  13. Single Mom

    Give it up John McCain. John McCain would benefit from learning how to walk his talk. OBAMA/BIDEN 2008!

    September 15, 2008 10:25 am at 10:25 am |
  14. Credit Card Republicans

    Now John wants to fix the problems he helped create,thanks, but no thanks John.

    September 15, 2008 10:25 am at 10:25 am |
  15. Rodham Democrat

    Why is Sen. McCain trying to hide his record and fool us?

    What happened to the honorable, Independent-minded man John McCain used to be?

    Since being advised by Bush & Rove campaign workers, John McCain has changed for the worse

    September 15, 2008 10:25 am at 10:25 am |
  16. Cacko Wacko

    McCain will say and do anything to get elected. It helps that he and Palin can lie with a strait face. In otherwords he is just like Bush who saidamong other things that it was important to keep the dollar strong. If polls do not start to break his way, next McCain will say that only he and Palin can make it right with God and fix the bad weather .....

    September 15, 2008 10:25 am at 10:25 am |
  17. Lee from FL

    Some people will say anything to get elected.
    But whats even worst ,some people actually believe him.

    September 15, 2008 10:25 am at 10:25 am |
  18. Mike

    More lies and sleeze from McCain.

    September 15, 2008 10:26 am at 10:26 am |
  19. Independent Just Decided to Vote for Obama

    What a Guy, McCain!

    So far this week you are going to Save the World!

    Now you are going to Save Wall Street!

    Better get goin' since each day that goes by you are a day closer to age 73.

    September 15, 2008 10:26 am at 10:26 am |
  20. Chanel

    Ha! "We will never let this happen again....." Lets hope the American people are smart enough to know the only way for them to never let this happening again is to NOT vote for him! McSame thinks our economy is still fundamentally strong...he is out of touch and needs to be kept OUT of the white house!

    September 15, 2008 10:26 am at 10:26 am |
  21. JohnJon

    Hahahahahahahaha. Reform Wall Street. The only reforming of Wall Strret McCain will do is make sure his rich friends get the benefits.

    September 15, 2008 10:26 am at 10:26 am |
  22. Tony in Michigan

    Welcome aboard John,So you finally figured it Out!!!We're in trouble ,You had me worried,I thought awhile back you said everything was LOOKING GOOD!!!

    September 15, 2008 10:26 am at 10:26 am |
  23. C'mon!

    You rail against regulation. In 6 months, we've seen Bear Sterns, Merrill and Lehman go away. Other than "cutting taxes" and "drill, baby, drill" (neither of which have anything to do with "reforming" Wall Street), can you please tell me three things, actually, one thing, you plan on doing to "reform" Wall Street, Mr. McCain?

    September 15, 2008 10:26 am at 10:26 am |
  24. Get Real

    AMericans wake up a read. John McCain is a Liar.

    September 15, 2008 10:26 am at 10:26 am |
  25. virginia nielsen

    He got to be kidding me !!! What he has been doing for 30 years in the Senate ??? OBAMA 2008-2016 !!! Real CHANGE !!!

    September 15, 2008 10:26 am at 10:26 am |
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