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. Dee Jay a young republican

    doesnt McCain have 7 lobbiest over his Campaghn

    What a jerk

    Obama/Biden

    September 15, 2008 10:56 am at 10:56 am |
  2. Seattle Sue

    So, McCain is going to reform Wall Street. Does he really mean this or is it just another of his lies. You see after some one has lied as much as McCain has, it is just really, really hard to believe him. We already have a liar in the White House, why do we want to vote another liar in.

    September 15, 2008 10:56 am at 10:56 am |
  3. Sam

    You people voting for McCain just because Palin is pretty had better think again. If McCain still insists the fundamentals of the economy is safe there is something wrong in his thinking and he is the presidential nominee you have to think about not his vp pick. Who you choose for president can make or break you.

    September 15, 2008 10:56 am at 10:56 am |
  4. etim

    McCain knows nothing about the economy,he said so himself.all the talk about reforming the economy is another lie.he wants reform but still says the economy is doing well.God save america

    September 15, 2008 10:56 am at 10:56 am |
  5. Tony

    MCCAIN VOWS, MCCAIN PLEDGES, MCCAIN PROMISES……YET HE HAS GIVEN NO PLAN, HAS NO ANSWERS, OR IDEAS ON HOW TO EVEEN BEGIN TO FIX THE ECONOMY.

    MCCAIN, PALIN AND THE REPUBLICANS AS A WHOLE ARE DEPENDING ON THE IGNORANCE OF WOMEN ALL ACROSS AMERICA TO CARRY THEM TO THE WHITE HOUSE.

    HOW DEMEANING, DESPERATE AND SAD!

    September 15, 2008 10:56 am at 10:56 am |
  6. Lynn

    Is he going to put Phil Graham (sp) in charge; the one who said the recession was all in our minds and a major player in the banking mess?

    Time to end the outrageous rhetoric, the lies and to put forth some actual policies, Senator McCain.

    September 15, 2008 10:56 am at 10:56 am |
  7. BK

    You might want to check how Obama has voted. He voted for raising taxes on people that make 42 thousand a year, but now says he won't. Actions speak louder than words. Obama also voted for Cheney's energy policy which gives oil company's big tax breaks. Now he says he won't. Obama is not to be trusted.

    September 15, 2008 10:57 am at 10:57 am |
  8. If U enjoyed the failure of Jimmy Carter, you'll LOVE Obama

    Hmmm.....McCain promises to fix the mess, while the Chosen One just whines and says "will not!!!!!" about McCain. Oh yeah, the ol' change you can believe in express keeps on rolling along to nowhere...

    September 15, 2008 10:57 am at 10:57 am |
  9. Kimberly

    It is great that he wants to reform Wall Street but he never says how.
    By the way, Palen was pregnant when she ran off to get married. What happen to her believe in abstinence. Do as I say not as I do. Is this her new policy.

    September 15, 2008 10:57 am at 10:57 am |
  10. Anna PA

    TC from Ohio

    I was just thinking the same thing. Bush has not allowed the congress to get anything done. Don't blame no action on the Dem's. Who's to blame is, ONCE AGAIN, it's Bush, his buddies and the Rep as a whole! Let's get rid of these clowns!

    September 15, 2008 10:57 am at 10:57 am |
  11. DE

    I have to agree with Keith, where has the democratic congress been the last two years? When gas went above 4 dollars a gallon, Obama said that the price wasn't out of line compared to Eurrope, but that it went up to fast and that we should expect to pay our fair share to the rest of the world. Rember when they were all saying, "NO OFFSHORE DRILLING", we can't drill our way out of this? But, that was when Obama had a big lead in the polls and they thought he was a shoe-in for president. Now that the polls are even, the democrats suddenly believe we need off-shore dilling.

    September 15, 2008 10:57 am at 10:57 am |
  12. proud army and navy mom

    mccain and his lobbyists are the ones that were all for de-regulation, now he going to reform and regulate????? Are you kidding me?

    Who is dumb enough to believe this lie. I know Palin, but who else?

    September 15, 2008 10:57 am at 10:57 am |
  13. McCain is a joke

    Don't blame the Democrats in Congress.

    They have had control for only 2 years and Bush has VETOED everything that the Democrats have done to try to fix our problems.

    McCain is PROMISING to continue this VETO crazy type of an administration.

    How is that reform?

    September 15, 2008 10:57 am at 10:57 am |
  14. Dorothy

    So McCain and Palin are going to fix things, after he has already said the economy has made progress during the last few years? He has been there for 26 years and hasn't done a thing. I believe he still means the things he said at the beginning of his campaign. "Nation of whiners," "if they couldn't afford a house, they shouldn't have purchased one," and so on. I think McCain will say and do anything to get elected, and if he does, he will continue bush's ruin of this country.

    September 15, 2008 10:58 am at 10:58 am |
  15. Brenda

    At least McCain has actually shown up to vote yes or no.

    That's more than anyone can say for Obama. Obama has voted PRESENT most of the time. That is no vote at all. It's a cop out for someone who can't take a stand on anything.

    I trust McCain more than Obama.

    September 15, 2008 10:58 am at 10:58 am |
  16. Natasha/Ohio Democrat

    How are you going to reform yourself.......LOL you can't help anyone if you can't help yourself McSame-......LOL

    I am so over you and this polls.....You have all the votes your going to get for this election McSame. I can't wait to see you drop face at the turn out for new voters.....

    September 15, 2008 10:58 am at 10:58 am |
  17. If U enjoyed the failure of Jimmy Carter, you'll LOVE Obama

    Hillary would have at least had something to say about fixing this rather than just say that McCain can't do it. Hillary 2012

    September 15, 2008 10:58 am at 10:58 am |
  18. Ian

    McCain's going to be a busy boy. He's going to shake up Washington, catch Osama, veto all earmarks, have the war in Iraq won by 2013. Is there anything this guy can't do? Haha.

    September 15, 2008 10:58 am at 10:58 am |
  19. Mike in Orlando

    I think McCain's ad that states we need to undo the damage the Republicans have done during the past 12 years says it all. Why would we vote for another Republican to fix Republican created problems? I don't even believe McCain knows what a mortgage is. I believe Cindy paid cash for their 7 houses.

    September 15, 2008 10:58 am at 10:58 am |
  20. James

    McCain thinks everything is fabulous! This guy is clueless and so is his hockey mom! We need somebody who understands the economy, something McCain clearly says he knows nothing about, and it shows!

    September 15, 2008 10:58 am at 10:58 am |
  21. SG in SD

    McCain is not proactive, he's reactive. When something hits the news, he immediately states, "I'm going to fix that!" Pitiful.

    September 15, 2008 10:58 am at 10:58 am |
  22. Lynne - Seattle WA

    I thought he said our economy was stable? Now he is going to be all Mr. Reform man? Oh Please, give me a break! How stupid does he think we are?

    September 15, 2008 10:58 am at 10:58 am |
  23. Michael

    lowing taxes will NOT create jobs, it'll just boost the pay & bonuses of CEOs.

    September 15, 2008 10:59 am at 10:59 am |
  24. rumpusgoopus

    What, by more non-regulation? Let the market fix the market?

    September 15, 2008 10:59 am at 10:59 am |
  25. Carla

    HA HA HA what a joke...

    John are you trying to be funnier than Tina Fey as Palin on SNL?

    With these kind of statements you are "almost" as funny... but not quite.

    September 15, 2008 10:59 am at 10:59 am |
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