September 17, 2008
Posted: 07:50 AM ET
Sen. John McCain.
Sen. John McCain.

The Statement:
An Obama-Biden administration would "increase regulatory oversight of the very people John (McCain) has refused to regulate," Democratic vice-presidential candidate Biden said Tuesday, September 16, on CNN's "American Morning."

Get the facts after the jump!

The Facts
Until recently, McCain consistently described himself as an opponent of most government regulation. In 1995 McCain proposed an across-the-board moratorium on all federal regulations, but that failed in Congress.

In March 2008 he said in an interview with the Wall Street Journal, "I'm always for less regulation. But I am aware of the view that there is a need for government oversight. I think we found this in the subprime lending crisis — that there are people that game the system and if not outright broke the law, they certainly engaged in unethical conduct which made this problem worse. So I do believe that there is role for oversight.

"As far as a need for additional regulations are concerned, I think that depends on the legislative agenda and what the Congress does to some degree, but I am fundamentally a deregulator."

As his campaign has developed and situation on Wall Street has worsened, McCain gradually has added increasing regulation of the financial sector to his reform themes but has provided few specifics. Speaking in Jacksonville, Florida, on Monday, September 15, McCain said that a top priority of his administration would be to "replace the outdated patchwork quilt of regulatory oversight and bring transparency and accountability to Wall Street" but he offered no details.

In his own appearance on "American Morning" Tuesday, September 16, McCain said that some regulatory agencies had been "asleep at the wheel for the last couple of years or a few years," and "those agencies have to be consolidated, and they have to be given more strength where necessary." He did not identify any agencies by name or offer any specifics.

Verdict: Biden's statement historically accurate, but McCain's position changing.

Filed under: Fact Check • Joe Biden • John McCain


Bruce   September 17th, 2008 12:49 pm ET

So McCain changes his position too much? He flip flops too much? So that must be why he backed out of a rally because Senator Biden was going to attend….. Oh wait…. that was Hillary Clinton who backed out because Governor Palin was going to attend. My bad.

But of course Obama would make an excellent leader. After all, he has led his campaign party for 16 months! Thats excellent leadership. And it shows true patriotism and dedication to this country. Or maybe i'm thinking of the former 2-star General, John McCain, who endured 5 years as a POW, and returned with honor. I believe a former 2-star General, who wasn't allowed to promote simply because of injuries sustained during the POW stint, and a Governor of the state of Alaska who has a history of fighting corruption will make a much better choice then that of a 40 something man who has 2 years of Senatorial experience, and absolutely zero experience as a leader, and his running mate who was simply picked because everyone knows Obama is too young to run this country alone.

I pray every day that Obama is not elected as President.

Just a Mom   September 17th, 2008 12:49 pm ET

Remember the Keating Five Scandal when Sen. McCain was on the side of lobbyists and Charles Keating to de-regulate the Savings and Loans?

IK   September 17th, 2008 12:48 pm ET

AMERICANS THE CHOICE IS CLEAR IN THIS ELECTION - POLITICIANS ARE LYING ABOUT THEIR RECORDS—-TO BE FAIR TO ALL CONCERNED, OBAMA- BIDEN HAVE RUN A MORE HONEST AND ISSUE BASED CAMPAIGN THAN THE McCAIN-PALIN CAMPAIGN

PALIN LIES ABOUT HER RECORD, McCAIN LIES ABOUT HIS.//I ASK WHERE IS HONOR???

THE DEMOCRATS MUST OCCUPY THE WHITE HOUSE COME 2009!!!

john   September 17th, 2008 12:47 pm ET

Obama raises millions at a Hollywood fundraiser, while McCain mocks him for attending such an event during tough economic times, this after himself had closed door fundraise in Florida from his cronies……..you can tell in his face that his is a born lier and hypocrite all he know is bomb. bomb. bomb. wakeup AMERICA read the truth about this man.

ed   September 17th, 2008 12:47 pm ET

Another Flip Flop by McCain, they just keep coming

Mike from Calgary   September 17th, 2008 12:47 pm ET

The FUNDAMENTALS are strong. McCain is FUNDAMENTALLY A DE-REGULATOR. I WON'T LET THIS FINANCIAL MELTDOWN HAPPEN AGAIN. I AM THE CANDIDATE OF CHANGE, THE AMERICAN VOTERS ARE TOO SMART TO BE FOOLED AGAIN.

PICK ONE.

ann   September 17th, 2008 12:47 pm ET

Does anyone really believe the media anymore?

N O

Chris   September 17th, 2008 12:46 pm ET

I now know why democrats can't win the presidency, because for the most part they think and act like you commentators. Telling me how bad someone else is instead of telling me what you can do better is the sign of a loser. And judging from the last two elections i rest my case. By the way a democrat for 42 years, but i have had enough of the whining and name calling when the democratic party grows up and may return.

Stephen   September 17th, 2008 12:46 pm ET

What else is he going to lie about? Wake up America!

Aarimo   September 17th, 2008 12:45 pm ET

Senetor John Mccain is not contradicting himself. In his original position, his view is that the "Fundamentals of the American Economic System is Strong and Sound" and needs minimal regulartory action or intervention. Keeping in mind that there are only two major economis systems in the world one can clearly see how Senetor Maccain sees the situation. In the world, the two major Socio-economic Systems are: The Capitalist System - that is private ownership of property, free enterprise. This system needs less government intervention. Then there is the Communist or Socialist System. This system has been proven to be defective. As a base for the economic system of the former Soviet Union, it disintergrated. Even those espousing this kind of system are either in great economic trouble (Cuba, North Korea etc.) or are adopting with great success the capitalist base (Russia, China, other States that formed part of the Former Soviet Union).
With base of the American Capitalist System intact, Senetor Maccain sees what Senetor Obama does not see. That the Base of American economy is safe and sound. All that it needs, little regulation, and correction, and like shattered bones, while held together, it heals itself. Sentor Maccain is right. What is required at this moment is leadership, not a gospel of fear and panninc that Senetor Obama is sounding. Being one of the oldest, the mosts succesful, and stable nations built based on free enterprise, all other nations look to U.S. A. for strong leadership at this time when the winds are shaking the tree. This is not the time to cut or transplant the tree, for as Senetor Maccain says, it is on firm foundation.
Sentor Obamas' view on every problem is to bring change. change for the sake of change. The question is: With what other socio economic system does he intend to replace the strong American socio economic capitalist system? For the only system out there is the broken Communist or Socialist system.
The fundamentals, the base, the foundation of American socio-economic system is sound and intact. It needs sound leadership at the time of testing, and just enough regulation. What it does not need is compleate government intervention as Sentor Obama envisons. Greater government intervention in the economic system is socialist, and it erodes the the faundation. It hapened in the former Sovient Union.

Veteran in Kansas   September 17th, 2008 12:45 pm ET

Might as well bury your head in the sand, that appears to be the current Republican notion of regulating.

julibear   September 17th, 2008 12:44 pm ET

Thank you Ryan Hicks! They make me physically ill as well. in the words of Kucinich: Wake Up America!
Save your healthcare! Save your right to privacy! Save your kids education! Save your very homes, jobs and savings accounts!!!! Much is at stake here. My values are as strong as any small towner: work hard, save up, don't live outside your means, give your kids better than what you got, life, liberty and the pursuit of happiness. I had respect for McCain as a maverick until he sold his soul to the Republican Party. Obama has consistently made overtures to religious groups, women, college students, educators and people of all races to join him in his fight. The republicans just make fun.
Wake Up America!

rick   September 17th, 2008 12:44 pm ET

yup mccain just dont get it !!!!!!!!!!!!!!!!!!!

Anita of georgia   September 17th, 2008 12:44 pm ET

John McCain, the American people are not stupid. They know lying for you is just like breathing, It just come natually. Which one is it? Are you for regulation or deregulation? Do you need to flip a coin Johnny Boy?

Matt from L.A.   September 17th, 2008 12:43 pm ET

Some people's comments are so childishly unintelligent (looking at you, SaveTheDramaFoObamasMama).

Go ahead making inane comments with your head in the sand, while America the Beautiful slips irretrievably into ruin, and the American people's suffering multiplies. Continue to be hateful and blind, with no curiosity about the truth of current events, as America loses it's allies and clings to endless war while her people lose their jobs, healthcare, houses, and hope at home.

If anyone is a robot, it is someone who thoughtlessly echos the hate vibration, without looking around and tuning into reality.

Michelle, PA   September 17th, 2008 12:42 pm ET

In other words, McCain is flip-flopping *again* on positions he has held for his decades in the Senate, coincidentally just in time to pander for our votes.

upsetvoter   September 17th, 2008 12:41 pm ET

It is a shame that CNN is more worried about balance than truth. Your verdict is ludicrous. It is not a fact checking verdict but a spineless caving in to political correctness. It is patently obvious that McCain has been part of the anti-regulation crowd. He is advised by Phil Gramm whose legislative shennanigans are the root cause of the mess we are in. How conceivably cab you give credence to his sudden flip-flop on this issue.

CNN has no intellectual honesty. You guys are a disgrace to journalism.

Confused by Ignorance   September 17th, 2008 12:40 pm ET

SaveTheDramaFoObamasMama:

Are you kidding me? That's the name you come up with? You do realize that his mother is no longer with us, right? You are willing to go so low that you're insulting the dead? You are very insensitive and ignorant, and you deserve the same treatment that you are handing out. God bless you, you ignorant, ignorant individual.

Jo Jo   September 17th, 2008 12:40 pm ET

I am glad that Obama-Biden ticket have decided to make sure that they tell the truth.

I am someone who would have voted for McCain in 2000. It would have been the first time I would have voted republican. And even though I am reluctantly a Hillary-turned Obama supporter, up until last week, I would have thought that having McCain as president would have been okay. Heck…he was close to getting my vote even then. But what I have seen, the lies and distortions and the outright hypocrisy coming out of that campaign has me feeling quite down. I mean, to talk about fundraising when he had his own $50,000 a plate fundraiser. Does he forget these things? Or does he think that he won't be called out on it? I don't know. I shake my head at this now.

Peter, San Francisco, CA   September 17th, 2008 12:40 pm ET

"Biden's statement historically accurate, but McCain's position changing."

Once again, Senator Biden points out a blatant flipflop on the part of John McCain, and CNN frames it in the softest possible terms. Liberal media? Hardly.

Adriana Birmingham, AL   September 17th, 2008 12:40 pm ET

How many flip flops is that now? I lost count.

Winkzilla, Tucson   September 17th, 2008 12:39 pm ET

This article is exactly what we need. We need a referee to blow the whistle on political lying. No matter how you cut it, lying is wrong.

McCain has been a staunch proponent of deregulation. This idea in recent history goes back to Reagan. Nevertheless, it actually goes back to landowners and aristocrats that were in power prior to our Declaration of Independence in 1776. Deregulation came from economic philosophers like Adam Smith, who claims our economy is guided by an “invisible hand.” This is based upon philosophical ideas that are thousands of years old that man will naturally do more good than bad. Couple this with the John Locke philosophy that God gave the earth to them, we have people that have given themselves unrestricted authority to do what ever they want.

Complete deregulation is as extreme and wrong as over regulation. We need a balance to protect our population and maintain our national interests while allowing people engage in economic actions with accountability.

Unfortunately, our Republican friends have taken an extremist position of complete deregulation and opened the candy store for any looting because- well, we will do more good than bad, wink wink.

As an ordinary citizen, who works by the hour, I cannot support the Republicans until they come to reality. Barack Obama has shown intelligence and understanding. The difference is large, and it should be a no-brainer.

disgusted   September 17th, 2008 12:39 pm ET

waa - waa - waa. That's all I hear from dumocrats. constant whining, complaining, finger pointing and blaming. FACT - the conditions that exist today the mortgage crisis, value of the dollar, , Federal bailout - is ALL because of failed policies enacted by the dumocrats in the 90's and the failure of their party to support and enact sweeping changes to correct these problems.(FACT- McCain in 2005 pointed out the very fact that Fannie Mae and Freddie Mac were headed for catastrophe and authored a bill to correct the problem. The dumocrats refused to support it and it failed.
if there's anyone out there riding the fence this year - here's a clue - you want Obama and his running mate (now there's an example of "change" select someone who has spent 35 yearsas part of the "problem" Obama claims he's going to fix) as your "leaders" by all means go ahead, vote for someone who will bankrupt you with the same policies we're struggling to fix now.

rodlang   September 17th, 2008 12:39 pm ET

The problem is that Obama has done absolutely nothing in the Senate. He has no record of legislative accomplishment. No track record. He's an empty suit.

PastorGene   September 17th, 2008 12:39 pm ET

McCain is trying to have it both ways. To the Republican base he proclaims he's a conservative after their own heart, meaning he subscribes fully to Republican philosophy, which is to oppose all government regulations and insist government interference is the problem. But at the same time he's saying he'll stop fix the problems on Wall Street and stop the greed, corruption, and speculating. But how?

You can't have it both ways. Either you believe in government regulation for the good of the people or you believe in leaving the market alone. And Republican philosophy is to leave the market alone. Whatever you believe about this, at least Obama is not trying to deal off both ends of the deck!

Fundamentals are STRONG   September 17th, 2008 12:39 pm ET

Aaaaaah…ummm…fundamentals are PEOPLE. Yeah that's it, the PEOPLE are strong and if you say the fundamentals are bad then you are saying the American People are bad.

Palin + McCain = McPAIN

Choice is yours.

Nia from Minneapolis   September 17th, 2008 12:38 pm ET

Lie about me, I'll tell the truth about you.

Obama = integrity. McCain, not so much.

Debbie Joyner   September 17th, 2008 12:38 pm ET

The biggest beneficiary of Freddie and Fannie lobbying dollars is the head of the Senate Committee on Banking who expressed concern and frustration that the Government took them over -"The problems of Fannie and Freddie weren't created by these two CEOs, they go back a long time… once again looking out for the fat cats who milked millions from these quasi government programs. And the winner is:
Senator Christopher Dodd -Democrat

Matt   September 17th, 2008 12:36 pm ET

LOL…moratorium on all federal regulations? He's gotta be certifiable, and 1995 was 13 years ago…that's plenty of time for even more crazy to invade McCain's head.

Chris   September 17th, 2008 12:36 pm ET

Verdict: Biden's statement historically accurate, but McCain's position changing.

That's a win-win for the dems in my book.

lawrence2xl   September 17th, 2008 12:36 pm ET

the brain of mccain remains a POW to the core republican platform.
mccain has said nothing new, palin has said nothing intelligent. almost every issue this team has identified was first presented to the American people by Barack Obama.
it is time for a better president. a president who will not run from crisis to crisis, but a president who has the mental capacity, & youthful vigor to elucidate a broad, comprehensive plan of reasonable action. America needs a president who puts the country first, not with sound bites & flip-flops, but consistently clear thinking & common-sense motivation. Obama/Biden is the team we need now!

midwestrn grl_stl   September 17th, 2008 12:36 pm ET

why is this a surprise, it shouldnt be, thy gop has been lying throughout this campaing, mccaint has been changing positions like the wind blows., its over. i cant wait for the debates

asportsdad   September 17th, 2008 12:36 pm ET

Sen. Obama and the DNC should remind people that it was Bush-McCain and the Republicans in Congress that attempted to privatize Social Security in order to shore up Wall Street. Had they been successful, your Social Security account would now be down the drain with your 401K. If McCain-Palin win the election, you can expect more of the same.

Truth hurts   September 17th, 2008 12:36 pm ET

Mccain have flip flop so, many times to please whatever interest!! Fact check, he is a de-regulator and he said it right out his own mouth!!

s   September 17th, 2008 12:36 pm ET

McCain brings fresh meaning to the word flip-flop!

rin   September 17th, 2008 12:35 pm ET

now biden is the real straight talker…. i am tired of the political bs from mccain/palin

LYNETTE IN CA   September 17th, 2008 12:35 pm ET

John in Ohio - I love this …"Caribou Barbie!!!" I'm also in complete agreement with everything else you said!

OBAMA / BIDEN '08 and Beyond!

McLiar And Failin   September 17th, 2008 12:35 pm ET

Tell John McLiar and Sarah Failin thanks but no thanks.

Obama/Biden 08

MM   September 17th, 2008 12:34 pm ET

"SaveTheDramaFoObamasMama September 17th, 2008 12:22 pm ET

obama's a fool. obamabots are foolish fools."

Oh I am taken aback by your great debating skills. What — are you in pre-school?

Capablanca   September 17th, 2008 12:34 pm ET

I think Obama and Biden totally missed the point. Experts advocated the consolidation of federal agencies for years which is the McCain plan now. Obama and Biden just wanted to add more overhead without understanding the problem.

TKW- New Mexico   September 17th, 2008 12:34 pm ET

McCopy cat is at it again. What ever Obama says, I'll wait a few days and say the same thing. I can't wait until November!

Anti-Liar   September 17th, 2008 12:34 pm ET

When you have a very wealthy wife running her own businesses, and when you have power lobbyist working for your campaign working day and night to get contributions from the wealthy individuals and big corporations with promises that are not made public while in public they are deceiving and promising the world for the suffering American families and small businesses which, in their secret views, are dispensable and gullible enough to believe all their election-year lies, well……

John   September 17th, 2008 12:33 pm ET

What!!!!! Biden told the truth!

We can't have that kind of honesty in the whitehouse.

Seriously????   September 17th, 2008 12:33 pm ET

SaveTheDramaFoObamasMama - you are the reason why grownups shouldnt allow kids on the internet without supervision…..

John McFibber   September 17th, 2008 12:33 pm ET

How ironic it will be that the man who voted against the King Holiday Bill will lose to the first African American president.

We can do it America.

Obama/Biden 08

Douglas   September 17th, 2008 12:33 pm ET

McCain's plan for regulating the imploding financial markets: Form a 9/11 type committee. Hope that during the two years of meetings the crooks on Wall Street can consolidate enough power to allow him to ignore any recomendations.

Humphrey from Chicago, Ill   September 17th, 2008 12:33 pm ET

Wait a minute liberals! More regulation, are you kidding me??? If an accident you had nothing to do with happened on the road you take to work, would you ask for more regulation? Before you leave in the morning the government will have you go through testing for alcohol in your system before you enter your car, checking pressure on tires, testing steering bearings, etc. all for a fee. Will that make your day?

McCain is right,less rules are good. It is about finding the right type of rules that is important and making sure that there is oversight.

You liberals are a piece of work!

John in DC   September 17th, 2008 12:33 pm ET

"McSame and Caribou Barbie"…hilarious!!! If these people win, can we ever take them seriously?

George Brewer   September 17th, 2008 12:33 pm ET

Lies –Lies No how no way should McCain become president–not even a dog catcher….

McLiars   September 17th, 2008 12:32 pm ET

I'm shocked, shocked that John McCain is LYING–Not. We know he lies, he lies through his crooked yellow teeth. Cindy looks down all the time when John is talking, because she knows he's lying. Lying like he never lied before because he'll never get this close to being president, ever.

Show the McSames we have no patience for liars, not after 8 years of Bush and Cheney. I love my country too much to vote for McCain, it's just that simple.

Obama/Biden 08

James   September 17th, 2008 12:31 pm ET

save the drama-

you clearly recognize your candidate's position history puts him at the root of this problem. why else can we go back for months and find statements from him and his staff and economic advisors that don't think the pain that everyday americans is a cause for concern and immediate action? you are so blinded by your hate for obama that you can only insult him and his supporters.

Get-it-right America   September 17th, 2008 12:31 pm ET

The mistake the rest of the world is making is still having the dollar as benchmark currency. The rest of the world should move away to the Euro zone, most especially if the Americans are stupid enough to put the Economy in the hands of someone who confessed that he had little knowledge of how economy runs. I follow the campaigns closely and its so funny how Americans are still considering Senator John McCain for the highest office in America.

I will prevail on my government to move substantial amount of our reserve to the Euro zone if McCain wins. and I will volunteer to run a campaign for other countries to do same. I could not comprehend how Americans would vote for a party whose ideology is wrecking Havoc on the rest of the world. Ripple effect of the Lehman Brothers Financial crisis is beign felt around the world.

Get it right America!!!

vperry   September 17th, 2008 12:30 pm ET

I am scared that Obama is a rascist.

Lynn:60 yr old Obama supporter   September 17th, 2008 12:30 pm ET

What position isn't John McCain shifting on?? He is even using Obama's lines…trouble is he doesn't have the policies, the intelligence nor the respect to get any of them done.

Someone tell McCain that the Committee on Commerce he totes as having oversight over all parts of the economy does NOT over see credit, financial services or housing. That ids the Banking committee which he is not a member of.

McCain is either losing it or has become such a liar he can't remember what he said or what he has actually done.

Andrew Lee, Nashville, TN   September 17th, 2008 12:30 pm ET

McCains a moron. McCainiac's are moronic morons……..

See it works both ways :)

Brian G, Sugar Land, TX   September 17th, 2008 12:30 pm ET

Is there any chance Palin with invite McCain quail hunting at Harry Whittington's ranch?

Cindy Lou Is A Liar Too   September 17th, 2008 12:29 pm ET

Those liars thinks they're smarter than Americans. John can trot his Misstress Cindy all over the globe and pretend they care about the people, but they don't. Anyone who wears a $300 thousand dollar outfit, doesn't have a clue about the people. Cindy Lou, and John are relics of the past and need to go back to Arizona. They are not good for the country, and for the life of me, I don't know how they are good for Arizona.

Here is a man who voted against the King Holiday Bill, and left three minors and a woman who had just been in an accident. He wants to be called a hero—I don't think so.

manhandler   September 17th, 2008 12:29 pm ET

Well, let me see. Let's talk about all the things that Obambi has flip flopped on.

Offshore drilling

Rescinding tax cuts for the rich

Getting out of Iraq immediately

NAFTA

Disowning Rev Wright

Recognizing all the delegates from Michigan and Florida

And on and on. Of course none of the Lemmings that follow "The One" can see any of this past the blinders they have on. And, of course you'll never see CNN point these things out about their candidate.

KC   September 17th, 2008 12:29 pm ET

And this proves yet again McCain has no foresight, only hindsight.

Ryan Hicks   September 17th, 2008 12:29 pm ET

GOP literally infuriates me. McCain comes out says our “economic principles” are strong on one of the worst financial days we have had in a while. Our “economic principles” are exactly what got us here. Laissez faire policies and deregulation got us here. After McCain’s entire career espousing these principles of deregulation he has the audacity to say he has been for financial regulation. Liar. McCain and especially Palin are two faced liars. I wouldn’t have ever called McCain a liar until recently. A man with his intelligence knows better. I don’t think Republicans and to a lesser extent Democrats realize youtube is out there for me to verify what they have said over the years. Also Palin wants transparent government but refuses to help with the investigation into her abuse of power. She has lied from the beginning. I will not say the same about McCain because that would be false but Palin hasn’t stated one full truth yet. Check how many millions she has asked (and hired lobbyists) for earmarks. She then says she is against them? McCain even directly critized her earmarks http://www.latimes.com/news/nationworld/nation/la-na-earmarks3-2008sep03,0,6851593.story . She says she has experience because I quote “20%” of our nations energy comes from Alaska. False. Only between 3,5% to 2.4% comes from Alaska depending how you phrase it. She says she was against the infamous “Bridge to Nowhere”. False. She took the money just like everyone else (extensive research done @ website below). This is just scratching the surface of outright mistruths the GOP is trying to feed us. Obama has made some off claims as well but none as egregious as McCain/Palin. I’m done for now because talking about this upsets me. They think we are a bunch of easily manipulated idiots. Please lets hope that not the case. Did not read over for punctuation errors.

For other either outright lies or mistruths check out http://www.factcheck.org/.

Ken   September 17th, 2008 12:29 pm ET

Sooooo……in other words……..MCCAIN IS A FLIP-FLOPPER extraordinaire.

This is no news. He has been pandering for sometime to whatever the polls seem to say that day, whatever [R]-generated problem is in the news that day, and whoever the crowd is that he will be talking to that day. The guy is a pathetic shell of the human being and politician he once was — a PERFECT [R] candidate.

Afterall, remember who the [R] shell was back in 2000 and 2004? That shell worked out so well for this country, didn't he? This country is in major trouble; not only from outside threats, but even more so by the intellectual midgets that go to the polls and foist this [R]ightwing sham on the rest of us. [R]ightwingers are all shrill pigs with lipstick.

alvino   September 17th, 2008 12:28 pm ET

If the election were about issues facing the voters, Obama would be ahead by double digits. But, in 2000 & 2004 we elected the president we would most like to have a beer with. It appears that this year it is going to be the VP we would most like to have a one night stand with.

Joe Regis   September 17th, 2008 12:28 pm ET

Great Dems are the Clintons, since the meeting last week the advise have been followed and are paying off handsomely.

The Clintons economics prosperity and security will be here again.

Reality check   September 17th, 2008 12:28 pm ET

McCain can not support more regulation without alienating his core fundraisers. Admitting this publicly now would be a political suicide. Therefore, McCain must play along and bide his time. A demand for 9/11 type commission is one way to delay the process.

If McCain is elected, expect closed door regulatory policy sessions. Similar to what Cheney and the energy companies had after Bush was elected. Palin will probably have a big role in those negotiations. By next year the dust has settled and there will be a water down regulation crafted. That's the way it works.

Baze   September 17th, 2008 12:27 pm ET

SavetheDrama;

Nice comeback. You are truly an informed individual.

ONE NATION

Duane   September 17th, 2008 12:27 pm ET

McCain will do or say anything to win. I'm only surprised that he hasn't pulled the race card citing discrimination against him because he's a black candidate.

CRAZY   September 17th, 2008 12:27 pm ET

WELL IF YOU WANT TO KEEP YOUR JOB WE KNOW WHO YOU SHOULD VOTE FOR.

OBAMA…….08

Stephen Andresen   September 17th, 2008 12:27 pm ET

In Webster's Dictionary - Regulation: 1) - To bring under the control of law. 2) - To bring order, method, or uniformity to. Hmmm… McCain says he is "fundamentally a deregulator." In 1995, he pushed through legislation creating a moratorium on any new financial regulations. Thanks for nothing John! It's not that close to home when your wife is a wealthy beer heiress. No more war hero stories, no more Bush 'strategery', we need something different, and it ain't John McCain!

karen   September 17th, 2008 12:27 pm ET

Is McCain a flip-flopper or what??Does an honest word ever come out of his mouth??????

Jeff Tuttle   September 17th, 2008 12:26 pm ET

The difference between the Democrat's approach & the Republican's view to regulation is the Democrats urge that we try to anticipate problems and short stop them, the Republicans are for no interference until there is a problem, then they want to form committees to study it and suggest solutions for the problem that has already happened. Why is it that conservatives accept the idea of Caveat Emptor (Let the buyer beware)? Is this to enable people who are always looking for a loop hole to take advantage of unsuspecting folks? Is our capitalistic system dependent on giving opportunities to clever people to cheat those who are not?

Vegas Barbie for Obama   September 17th, 2008 12:25 pm ET

Actions speak louder than words, Sen. McCain. How have you VOTED on these issues…check with your staff and get back to us since we know you don't remember.

BigD in South Dakota   September 17th, 2008 12:25 pm ET

Obam & Biden are right on the money, and as usual, McCain is wrong on the money!

A recovering Republican   September 17th, 2008 12:25 pm ET

Given Phil Gramm as his primary economic adviser, given the Republican party in general, and the Bush Administration in particular, and the Bush appointtee's to the Supreme Court favoir big business over the individual, it is no wonder he has been opposed to regulation of any kind. I guess the "change" he is talking about is to persoanlly change just enough during the election to go with the political winds in a bait and switch scheme.

10 years sober

Maverick = flip-flopper   September 17th, 2008 12:25 pm ET

Hes a Maverick, he needs to have the meaning of that word revised to flip-flopper though.

McCain = The Liar   September 17th, 2008 12:25 pm ET

John McCain is a liar. He said that "the fundamentals of our economy are strong", on September 15th. Then he tried to pretend he didn't mean what we heard. He tried to pretend he was talking about the American people. He was lying, and like the coward that he is, he won't admit he was lying. He's cowering like a little boy and wants to stick with his lie, but make us think hew was talking about something else.

John is no hero, because he left his wife and kids, and now we know he's a liar. The lie will not stand and the liar will be sent home to Arizona in November.

Obama/Biden 08

Mary in Ohio   September 17th, 2008 12:25 pm ET

Oops…Another McCain Lie. I mean is this guy trying to lose?

I would swear that McCain's campaign is just telling him to say this stuff, and since McCain does not have the ability to fact check, he just is spouting this stuff out like it's true.

I'm not really sure why he keeps lying about everything. Too sad…I actually used to like McCain.

benito   September 17th, 2008 12:25 pm ET

Maybe he can flip flop on wanting to run for president! Mclame very Mclame

Don in MN   September 17th, 2008 12:24 pm ET

Wow! McSame lied again? How shocking!

McCain for president - FIRST
Country - SECOND

Rob   September 17th, 2008 12:24 pm ET

Yep the harbinger of change…. everytime he says anything it's different then the last time. Is there any position that he has held firm on?

Independent-Latina-for-OBAMA   September 17th, 2008 12:24 pm ET

ALSO………Phil Gramm, McCain's economic advisor, was in Congress and was one of the members that got rid of a crucial regulation instigated during the Depression to keep banks in check!

Look, we ALL know that the Republicans have a long history of LOOKING OUT FOR CORPORATE INTEREST OVER THE INTEREST OF THE PEOPLE!

DURING THE REPUBLICAN YEARS OF CONTROLLING CONGRESS (1994-2007 the Dems took control in January of 07) THE POVERTY RATE IN OUR NATION HAS DOUBLED!

MORE AMERICANS ARE LIVING IN POVERTY TODAY THAN WHEN THE DEMOCRATS WERE IN OFFICE!

MORE PEOPLE ARE OUT OF WORK TO DAY! 600,000 AND COUNTING!

OUR NATIONAL DEBT HAS …………DOUBLED…….$10 ….TRILLION!

WE'VE HAD ENOUGH….OF LIES……..WAR………TORTURE……..DEBT……..FAILURES!

Grace Needed   September 17th, 2008 12:24 pm ET

Another day, another lie from McCain/Palin. How long will people keep believing in them? They really don't want to see the truth, or this race would be over by now. I am trying to understand, since we supported McCain in 2000, but he is no longer that man. He has flip-flopped on most everything he stood for then and is just a shell of his former self. Then, running this campaign, he has shown how low he will go with lies, smear tactics and poor decisions - like selecting Palin as V.P. on a whim. He took a real gamble to try to win at all cost and you call that "COUNTRY FIRST". He accused Senator Obama of "accepting defeat in Iraq to win this election", he has been accepting of lobbyists and special interests and Rovian smear tactics that he once appalled to win this election versus be honorable. To be honorable, you must be honest and he hasn't been. He has dishonored himself, his family, his party and this country!

Mike in Columbus   September 17th, 2008 12:24 pm ET

Just say whatever sounds good at the moment Johnny…

And someone please right down what Palin should be saying too, she'll need her script!

darko   September 17th, 2008 12:24 pm ET

Being an opponent of "FAILED GOVT REGULATIONS" is a good thing people. Take 2 seconds to get past the media catch phrase.

FACT CHECK: It was the democrats who consistantly blocked GOP legislation to overhaul the credit regulations and oversite. Barack has many advisors who are millionairs via freddie an fannie.

The credit crisis has nothing to do with the current administrations economic policies. Recent job losses, financial crisis and foreclosures can be laid at the feet of Obama's party. They're were invested and made millions…follow the money.

change for texas   September 17th, 2008 12:24 pm ET

Keep up the good work Joe!

Barbara W.   September 17th, 2008 12:24 pm ET

Biden was accurate. You qualify his statement needless by adding "historically." You mean until yesterday, or very recently and that is what you, yes you media folks at CNN, USED TO CALL Flip-Flopping.

Not that McCain is FLIP-FLOPPING, you revert to other terms, such as "historical," and his "position is changing."

Obama/Biden have the experience, knowledge, wisdom and correct positions in order to help the country. God help us if McCain is elected.

Tricky   September 17th, 2008 12:24 pm ET

"I'm always for less regulation. But I am aware of the view that there is a need for government oversight.
How is government oversight more regulation? He is telling us we need to watch all of the f"riends of Bill" who are running Fannine and Freddie.

Ex-PUMA for Obama   September 17th, 2008 12:24 pm ET

Most of what Obama and Biden says are mostly true.

McNasty's and Mclipstick's stories are FLAT OUT LIES!

Two Mavericks……………TWO LIARS……and everyone knows it.

sky   September 17th, 2008 12:23 pm ET

Really, a person could, in a very unbiased fashion go and take a look at the real history of McCain and determine he is not necessarily the best choice to lead a country. I would like to think that our common goal would be to select the best and the brightest. Do you want someone who got into the academy because of a relative. How about someone who spent his time partying and flunking out and facing reprimand after reprimand but was not kicked out because of his relative. How about someone who wet starts a plane after being told over and over again not to…because it was too dangerous….but does so anyway…..creating a fire that destroys part of a ship, other planes and other lives….how about someone who wrecks planes repeatedly. They finally had to transfer him off the ship and that is where he was captured……the people he was captured with referred to him in less than glowing terms. Please people…..please…this time….this time…couldnt we please pick someone with some smarts that we can be proud of.

SaveTheDramaFoObamasMama   September 17th, 2008 12:22 pm ET

obama's a fool. obamabots are foolish fools.

Cathy   September 17th, 2008 12:22 pm ET

Again….McCain/Palin pandering to his party and will lie at all cost to get votes. When will America see that McCain is nothing of a reformer…except reforming his own view just to get elected. McCain is a fraud and Palin will soon be exposed for all that she is NOT!!!

SW Washington St.   September 17th, 2008 12:22 pm ET

I saw John Mccain on tv this morning. He is a liar. Maybe he thinks if he lies that it will be true. Some christian values… I hope other Christians are opening there eyes to this. Its a sin ya know……

proud army and navy mom   September 17th, 2008 12:22 pm ET

This is no surprise that mcsenile and his pitbull is lying. But I am pleased to see CNN make an effort to report the facts.

Thanks, CNN keep up the good work. Some advice: If pitbull Palin won't give you an interview, stop covering her events!

tigerakabj   September 17th, 2008 12:22 pm ET

Come on people. What is McCain going to do, tell the truth? If he did this race would be over.

He offers nothing. So he has to copy Obama, lie (and say he came up with it first), and go negative to try and win. That is all he can do.

I just hope Obama thoroughly exposes and buries McCain those debates. Harvard Law president v. 894/899 student (barely).

Obama/Biden 2008/2012.

Lisa P   September 17th, 2008 12:22 pm ET

I'll believe McCain's position is changing when I start hearing some specifics to back it up. Right now he just seems to be grasping at straws and putting out a lot of hot air. He's running against his own record.

t   September 17th, 2008 12:22 pm ET

"I'm always for less regulation. But I am aware of the view that there is a need for government oversight.

georgia independent   September 17th, 2008 12:21 pm ET

McCain has a bridge to sell in Alaska too…

LM Jennings   September 17th, 2008 12:21 pm ET

I believe that John McCain is true to his beliefs and he truly believes that government should be deregulated! His bill was defeated, his beliefs were not! Atlanta Believer

MaryK   September 17th, 2008 12:21 pm ET

Would McCain's position be changing if we weren't in the mess we're in, of course not. McCain walks the walk of an honorable guy, EXCEPT when he's running for office, which says something about his true honor. It's unfortunate.

Roger   September 17th, 2008 12:18 pm ET

The choice in this election is so obvious that I can't believe it is in dispute. How anyone in their right mind can even think of giving the power of government to the Republicans for 4 more years after the past 8 is just mind boggling!

Obama/Biden = Truth

McCain/Palin = Lies and distortion.

The choice is clear!!!

I Just Said Thanks, but No Thanks to Another 4 Years of g.o.p. corruption, arrogance and incompetence   September 17th, 2008 12:18 pm ET

McDeregulation: mccain is part of the problem; Obama/Biden is the solution to eight years of bushco corporate socialism.

Lamont Cranston   September 17th, 2008 12:18 pm ET

"Biden's statement historically accurate, but McCain's position changing."

translation: Spot on, and now McCain is flip flopping .
Lets try for some objectivity here, folks - "historically accurate" is a needless weasel word. call it "accurate" and be done with it.

Barbara - Augusta   September 17th, 2008 12:18 pm ET

The proof is in the pudding…people wake up!

Obama/Biden '08

zoro   September 17th, 2008 12:17 pm ET

Pretty sickening to watch McCain do anything it takes to get elected.
More sickening to think maybe enough of the American public will
fall for it.

Helene   September 17th, 2008 12:17 pm ET

MCain and Pit bull : you are FIRED.

Baze   September 17th, 2008 12:17 pm ET

McCain wafts more than a car with four flat tires. This man simply doesn't now if he's coming or going.

ONE NATION

rick   September 17th, 2008 12:17 pm ET

hahahaha Biden will smash MCCCAIN on any issues come on Americans vote for the real people. o'biden 08!!!!!!!!!!!!!1

KM   September 17th, 2008 12:16 pm ET

So the Obama-Biden answer is more regulation. That's to be expected from the Democratic party; the party believes in expanding the role of the government. I'm no fan of McCain–his campaign finance reform law is blatantly unconstitutional, in my opinion–but at least he still has some sense that the government's role is limited, and it is not a tool to solve every problem.

Biden's promise to expand the scope of the federal government by increasing regulation is a reason to oppose him, not to support him.

I'm voting for neither of the major candidates. I'll either vote Libertarian or cast a blank ballot.

Norris Hall   September 17th, 2008 12:16 pm ET

The economic mess we are in is directly due to Republicans who believe that the "free market" should be our economic guide and that government should have a hands off approach to big business
Well, when big business start to fail due to bad management and poor decisions, who is the first to abandon "free market" priniciples.
Of course, the Republicans.
They can't hand out taxpayer money fast enough

McCain is one of the biggest supporters of the "free market" policy.
We should expect more company bailouts if he's elected president.

"free market" my foot.

Ron   September 17th, 2008 12:15 pm ET

this is rediculous!! On every issue, McCain's back and forth. How 48% (or whatever the latest poll shows) can think that he'd be good president is beyond me. He was for immigration rights, until his party smacked his hand, he was for deregulation, until this whole mess started, he says he's for cracking down on corruption in Washington, then he picks a VP that is refusing to cooperate in a congressional(state) investingation. Heck, even her AG is refusing to accept the supoenas. Talk about transparency in the government. Next thing you know, she's going to fire another staffer and claim it was all their fault. Can you say "Scooter." Oh, and one morething, he says he's for family values, then cheats on his first wife who waited for him while he decided to stay in Vietnam, then marries the adultress. He says keep families out of this (because Cindy is no perfect pretty princess, ask the DEA) then attacks Obama's wife again and again and again, not to mention using his kids in an attack ad. He says stick to the issues, but he's more concerned about spreading outright lies. PATHETIC

John, Catholic   September 17th, 2008 12:15 pm ET

Liz September 17th, 2008 9:51 am ET in the Economy Ads Post

I really like your analogy about football and not putting in a rookie to win the superbowl when we have a veteran in the game. However I would remind you that Joe Montana (arguably the greatest quarter back in football history) was a fourth string quarter back and not the starter for the team.

The moral of the story: The most precious things are not on the surface but buried deep in the fourth string. We already know what the veteran can do. Give the rookie a shot because he could be the greatest star the world has ever seen. That is what growth is all about and why the future is something to look forward to. The belief that tomorrow will be better than today is the reason why we get up in the morning.

Tammy - KCMO   September 17th, 2008 12:15 pm ET

McCain = Slipperier than a fish. Constant flip flop on issues.

grammarian   September 17th, 2008 12:14 pm ET

Biden is talking about McCain's past actions. Words about the future are cheap. Actions have consequences. Biden said that Obama/Biden would "increase regulatory oversight of the very people John has refused to regulate".

When Biden says "has refused", he is talking about McCain's verifiable past. Biden is telling the undiluted truth.

rjl1`@bellsouth.net   September 17th, 2008 12:13 pm ET

Phil Gramm, McCain's advisort was instrumental in dismantaling the oversight regulations of the banking industry that paved the way to this subprime meltdown.

Obama sponsor legislation attempting to restore oversight two years ago.

McCain waits for crisis to begin changing his views.

There's more than one aspect of national security - and Obama has shown he has better judgement and foresight in every aspect including military preparedness.

Thomas   September 17th, 2008 12:13 pm ET

Please ask Senitor McCain if he finished reading Greenspans book ?

You would have thought McCain would have learned from the Keating S&L about oversite and regulation.

All the best,
HP

Dee Jay in florida   September 17th, 2008 12:13 pm ET

Obama/Biden

Expose the Lies please

Jim   September 17th, 2008 12:12 pm ET

John McCain is from a bygone era with outdated ideas. We need a person of vision that will lead this nation forward with new ideas for a new era. Obama is the best thing we have for that at this time.

cb from la   September 17th, 2008 12:12 pm ET

So the statement from my understanding was true right?
Obama/Biden 2008-2016

Scott   September 17th, 2008 12:12 pm ET

Dedicated to John McCain:

What do people with two left feet wear?

Flip-flips

Seriously, though. John McCain has become 2008's John Kerry. If only someone had him on film windsurfing.

ikeatc   September 17th, 2008 12:12 pm ET

isnt is funny that they same people we are bailing out are the same ones who do not want to pay more taxes. There is no end to their greed

Voice   September 17th, 2008 12:11 pm ET

Absolutely true John in Ohio - Palin/McCain have been running a copy-cat campaign. Have you noticed that Repubs don't come across as angry, whether it's in blogs or commentaries or as guests on news shows. They smile, laugh and act as if they know something Dems don't. While, Dems are shouting, waving their arms, angry, indignant. Simply put, lack composure. This is Repubs strategy-to make Dems angry and defensive. Repubs appear polished and composed while blatantly copying the Dems agenda. Slime of the earth!

Ian   September 17th, 2008 12:10 pm ET

Make no mistake, Obama and McCain will grow the Federal Government like you've never seen.

flipflop   September 17th, 2008 12:10 pm ET

I guess the GOP can't use the Flip Flop smear tactic this time, since their candidate flip flops every 2 seconds. Heck, it seems to me like there are anumber of different John McCain's. The one that shows up depends on who he is speaking for that day.

But at least he helped create the Blackberry (kind of amazing considering he admits not knowing how to send an email)

Voter   September 17th, 2008 12:10 pm ET

McCain = 26 yrs against regulation/oversight

economy not doing well? running for president?

McCain = FOR regulation

Judgement = 0

America think for you   September 17th, 2008 12:10 pm ET

The reason why our economy is crashing is because of Iraq all the money that was supposed to refuel the economy are been sent to Iraq while the economy is let alone to die. The consumers have no confidence in the market that is mean they will not spend and again the economy will struggle. John McCain does not understand that simple economics formular and stated that the economy is strong. I know that McCain pocket is strong because he is a rich man. But, our economy is not strong.

Michael   September 17th, 2008 12:09 pm ET

… and the difference between "regulation" and "government oversight" is what, again?

More doublespeak spewing forth from the GOP's current mouthpiece.

Mike - Texas   September 17th, 2008 12:09 pm ET

Over regulaion stiffles business, slows the economy, raises costs, causes the need for more lawyers, causes increased fraud.

The key is the RIGHT amount of regulation. We should first start by regulating congress.

Brad   September 17th, 2008 12:09 pm ET

So the moral of the story is, Obama/Biden don't lie as much as McCain/Palin.

terry luehr   September 17th, 2008 12:09 pm ET

worst economy in years, two wars, highest gas prises ever, most bank failures in 50 years, largest job lose in 17 years, give me 4 more years.

steven carell   September 17th, 2008 12:09 pm ET

it is a pity that politicians are playing with our future by trying to say things that are politically right but not their true positions. They tell lies and distort facts. I am most surprised at Sen Mcain, despite his age and service to our country, will pursue this low road. Is he wanting to be President to serve his interest or ours. That is why there is power with the people (democracy). Tell us the facts and your true position and we will decide honorably and not be forced or decieved into voting for you.

59 year old white guy from the South   September 17th, 2008 12:08 pm ET

How can you fact check someone when figuring out his position on ANY issue is like trying to herd cats? Mitt Romney was more consistent…

MW   September 17th, 2008 12:08 pm ET

McCain does not have any original ideas of his own. By flip-floping with this issue, he is just reacting. We need a president who is Proactive - not reactive.

Change?   September 17th, 2008 12:07 pm ET

Which is why McCain and Palin have strong track records at actually reforming their areas of responsibility and taking on special interests and delivering back to the people of the U.S. McCain and Palin have a record and Obama Biden simply speak of what they would like to do. Again, I guess that is experience speaking. Palin even brings more experience than Obama when it comes to governing, managing budgets, people and making demonstrable progress including the natural gas pipeline out of Alaska to the lower 48. She was able to bring the 30+ year goal to fruition and ink a deal.

These are results and real reform that is tangible, demonstrable and factual. I would much rather “bet” on experience in delivering CHANGE than rosy ideas.

Darryl   September 17th, 2008 12:07 pm ET

This is why Senator John McCain do not want to regulate companies

Why are we not talking about this? Andrew K. McCain, a son of Republican presidential nominee John McCain, sat on the boards of Silver State Bank and of its parent, Silver State Bancorp, starting in February but resigned in July citing "personal reasons," corporate filings with the Securities and Exchange Commission show. Andrew McCain also was a member of the bank's audit committee, responsible for oversight of the company's accounting.

The younger McCain, who is the chief financial officer of Hensley & Co., the beer distributorship of which Cindy McCain is chairwoman, is the Arizona senator's adopted son from his first marriage.

Andrew McCain's position on the Silver State board and departure were first reported Friday by The Wall Street Journal online.

Bulldog   September 17th, 2008 12:06 pm ET

Ha, Ha, Ha. You guys need to prove Biden was telling the TRUTH. Now go prove that McCain and Palin are LIARS.

Concerned   September 17th, 2008 12:06 pm ET

Way to go CNN pick some random claim to support your candidate. Show us who you're pulling for.

chelle   September 17th, 2008 12:06 pm ET

Well of course his position is changing…. No regulations didn't work…too bad he was for deregulation even though he admitted not understanding economics. My question to Americans would be….why was he pushing for deregulation if he didn't understand what it would mean to the markets??? Could it be the Keating situation alllllllllllllllllllll over again??? His friends at the big companies told him so?

Richard   September 17th, 2008 12:06 pm ET

It's surprising McCain's supporters don't suffer from whiplash.

McCain has said that the best person on economics is Phil Gramm who has fought against government regulation of financial businesses his whole career. Phil Gramm said that the recession is all in our minds and we are whiners.

There is a very good chance that if elected McCain will appoint his close friend Phil Gramm as Secretary of the Treasury.

Judgment is extremely critical in a president. Experience is worthless if you don't know how to use it.

Think before you vote!!

Jeff DuShane   September 17th, 2008 12:06 pm ET

I don't know about anyone else, but I expect the government to REGULATE the things that are important to the everyday people. You know, make sure our drugs are safe, make sure the oil companies aren't killing us, make sure the people holding our life savings are responsible with it. Without any regulation, greed takes over and you end up in the mess that we're in now.

I Love my COUNTRY!   September 17th, 2008 12:06 pm ET

From an article at MSNBC today "A decade ago, he (mccain) championed deregulation of banking, insurance. Now, as the Bush administration scrambles to prevent the collapse of the American International Group (AIG), the nation's largest insurance company, and stabilize a tumultuous Wall Street, the Republican presidential nominee is scrambling to recast himself as a champion of regulation to end "reckless conduct, corruption and unbridled greed" on Wall Street. " end quote. Couldn't be another lie out of his mouth, could it?

NO way NO MCshame   September 17th, 2008 12:06 pm ET

Thanks Fact check at least one agency is working. To all who care about this country Mccain has no specifics nothing at all. Biden is historically accurate. 1995 as i check GOP was in charge of congress not Dems. Also Mcacin ad that claim Obama calls Sarah a pig is now discredited by McCain himslef saying Obama didnt call Sarah a pig. What else do we need from this liars?

flip-flop   September 17th, 2008 12:06 pm ET

When Kerry changed his position he was a flip-flopper. Why when McCain changes his 20 year position is he a maverick. Does maverick have a new definition, flip-flop?

harschwarz   September 17th, 2008 12:05 pm ET

It is McCain and Phil Gramm that consistently called for the most necessary safeguards for our economy to be ignored. McCain voted numerous times to de-regulate savings & loans, and investment brokers, and look where we are now. i'm not opposed to free market growth,but since millions of us have investments in our retirements there has to be some government regulation that is enforced. Once again greed,promoted by people like Bush, Gramm, and McCain have caused this crisis. McCain can not suddenly become a "regulator" when for 22 years he has condemed most government regulation.

J   September 17th, 2008 12:05 pm ET

McCain = LIAR
"Flip-flops" and lies too many to list

Palin = Ethically Questionable
-Actively trying to block an ethics investigation
-Kept money for the "Bridge to Nowhere"
-Was for the "Bridge to Nowhere" until she was not for it
-Flaunts a deal for a pipe line without mentioning that nothing has been built nor is there any plans for anything to be actually built.
-Spent 50k to redecorate her office when she was mayor

And this is just off the top of my head, with a little research I could go on and on. So all you people who are going to blast Obama please backup your rants with some actual facts.

Love My USA   September 17th, 2008 12:05 pm ET

Like /BO has never FLIPPED. Give me a break.

John Fitzgerald   September 17th, 2008 12:04 pm ET

Obama and Biden better get their act together. If they keep telling the truth, they're never going to win. Americans want pretty little lies about mavericks.

Anita in WI   September 17th, 2008 12:04 pm ET

Regulations? I see where we could use MORE, and then there are place we could use LESS. It depends where you look.

I wonder how many companies would fail, if CEO's and other Execs. would be paid on a basis of company profits. If their income would become smaller, (like some worker all ready have experienced) would they work harder to keep their companies from failing. How many give back their paychecks to help their companies. That's where some of the old mom and pop companies have worked because they helped their staff and sometimes customers.
Thanks You

Raymond Duke   September 17th, 2008 12:04 pm ET

CNN keep up the spin for Obama. I do not see an article one were Palin is showing emails that are debunking what you referred to as trooper gate. It is kind of like you people never following up on the scam Ayers, Obama 's terriost buddy and him run on the taxpayers in which millions were stolen.

Rob   September 17th, 2008 12:02 pm ET

Did they say "Thanks but No Thanks" to regulation too? We all know that it took 2 years and 500 million taxpayer dollars between "Thanks" and "No Thanks" for the bridge project.

It may take an election and a few months between "Thanks" and "No Thanks" for regulation. It is clear that McCain is not in favor of regulation. He will say he wants regulation now because it benefits him. He will be for deregulation once he is elected.

howard   September 17th, 2008 12:02 pm ET

Yes, there must be regulations, but there are already most in place that would make these problems go away. THere is no enforcement of existing rules. Furthermore, "punishing" by bailing out is stupid. The free market would decide if the actions of a company are on the up and up. If not, they go under, just like mom and pop businesses. Big corporations should be no different.

MORE regs are not the answer. Regs and bailouts are just bloating our government with no regard to our deficit or debt.

TRUTH HURTS @ McSHAME CAMPAIGN - JOHN McSAME LIES WILL BE WORST THAN GEORGE BUSH!!!!   September 17th, 2008 12:01 pm ET

McSame softens stance against AIG after saying that they shouldn't get a govt. bail out!

Before the Treasury Department proposed an $85 billion loan to keep afloat American International Group Inc., the country’s largest corporate insurer, McShame said he wouldn’t support any bailout for AIG or any other company. “This is something that we’re going to have to work through,” he said Tuesday. “There’s too much corruption, there’s too much excess.”

McSAME talking from both sides of his mouth = LIES UPON LIES!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Raymond Duke   September 17th, 2008 12:01 pm ET

If you like higher taxes and more goverment handouts the Obama is your man to vote for.

Robert in CT   September 17th, 2008 12:01 pm ET

McCain will say anything to get elected. He is being caught in more lies than one can believe for one campaign. Palin is similar on this honesty problem.

America - Why would you vote for someone who proposes we continue what we are doing, minus a few earmarks. That isn't even worthy of being called voodoo economics. To tell voters that "principled earmark reform" (which, incidentally is the exact opposite of Palin's last 10 years), will fix our troubled economy is like saying the Titanic is sinking, and we need an honest electrician to cut chandelier costs so we can buy a fix to the ship.

The problem is the whole economy is smacking against an iceberg you helped create with excessive deregulation, Mr. McCain.

Ryan, Florida   September 17th, 2008 12:01 pm ET

John McCain's closest economic advisor and is Phil Gramm. Phil Gramm is the God Father of Washington lead de-regulation of the financial sector and the stripping away of legislation put in place just after the Great Depression to prevent the economy from melting down ever again.
Biden is right. McCain screwed this country over with his support of deregulation. Demand better!

Obama-Biden 2008.

Keith Johnson (Fremont, CA)   September 17th, 2008 12:00 pm ET

Of course McCain's position on regulation appears to be changing. He is trying to get elected. All you need to do is realize that he has talked about government regulation for less than a week, but deregulation for decades to realize how he plans on handling this issue once he gets elected.

Gary Preston, Annandale, VA   September 17th, 2008 12:00 pm ET

McCain and Palin make John Kerry look like the rock of gibraltar. I guess it depends on the time of day or the way the wind is blowing as to what their current position on anything is? Sad but true.

GAMPY GRAMM   September 17th, 2008 12:00 pm ET

Due to the idiot Gramm deregulating the insurance and banking industries so the could "commingle" the United States government is officially in the life insurance business. The American taxpayers officially own 79% of AIG for the price of $85 billion taxpayer dollars.

Not to worry, McCrypt has decided we need another government "commission" to investigate!

We truly cannot afford 4 more years!

carlo   September 17th, 2008 11:59 am ET

What McCain is saying is ludicrous. Everyone knows that the Republicans are big fans of de-regulation. That how the monopolies and the famous anti-trust cases of the Depression Era happened. That's why regulation was imposed to keep banks from merging with s and l's. What most poorer Republicans don't realize is that their party uses wedge issues to keep them in line and blindly voting for them while they de-regulate the industry to keep their friends rich. I don't understand how people can vote against their interest for a party that cares absolutely nothing about them. Obama is offering real relief and help for the very people who will never vote for him. Pathethic.

jimmyp   September 17th, 2008 11:59 am ET

of course McCain would love less regulation. Regs are what got him in trouble with the Keating 5/ S&L. Without it his behavior might not have been seen as "unethical"

frank dixon   September 17th, 2008 11:58 am ET

McCain has to be for "change." He can't possibly run on his or his party's record. And given that if elected he will still be a Republican, the only change we're likely to see is the suit in the oval office.

TxSaintFan   September 17th, 2008 11:57 am ET

If you don't believe we have enough regulations, wow…

The so-called "housing crisis" is the result of relaxation of mortgage loan requirements under the Clinton administration under the guise of making "home ownership available to everyone". Please note that the first hint of problems at Fannie Mae and Freddie Mac date back to the 90s under Clinton appointees, many of whom walked away with fat severance packages.

While the regulatory oversight under the current administration has not corrected the problem, I think this is a bipartisan problem and not, as Speaker Pelosi said, a Republican problem.

Billy   September 17th, 2008 11:57 am ET

Those darn socialist liberals!

Odd how under the republican Bush administration, we now have:

The People's mortgage company
The People's insurance company
The People's bank

Sure seems like every year we have republican ideas in the White House we come one step closer to socialism.

By the way, since WE now own AIG, do we get dividend checks?

Lizfi   September 17th, 2008 11:57 am ET

Weighing of experience - McCain gets it. Deregulation increases innovation but also allows humans to be human and seek to satisfy their lower values. Greed and dishonesty were certanly rampant in the housing mortgage crisis that is causing the crisis in the financial market.The over seers were asleep, or too busy making money. And- congress did little or nothing to remedy the failures after the Enron debacle.

GEEZER & GIDGET '08   September 17th, 2008 11:57 am ET

Geezer has gotten very good at lying!

Guess he is taking lessons from Gidget!

Both are incompentent to drive the economy into the future.

He admits he does not know much about the economy and he chose to balance the ticket with someone who probably thinks because she walked thru the doors at the First State Bank of Wasilla, makes her a financial expert

Abigail   September 17th, 2008 11:57 am ET

His position on this shifted just like his position on the Bush tax cuts. Sure, that's change alright, and change that you can count on. It is not, however, the change America needs.

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