September 22, 2008
Posted: September 22nd, 2008 09:15 AM ET

From
CNN

Watch: Sen. John McCain is calling for an oversight board to keep financial firms in check.

(CNN) – John McCain is expected to say Monday morning he is not comfortable with Treasury Secretary Henry Paulson's proposal that appears to give the administration unprecedented power to oversee the nearly $1 trillion federal bailout of the nation's debt-ridden investment banks.

Instead, McCain will call for a bipartisan oversight board that could include financial experts such as former Massachusetts Gov. Mitt Romney, Berkshire-Hathaway CEO Warren Buffet and New York City Mayor Michael Bloomberg.

"We will not solve a problem caused by poor oversight with a plan that has no oversight," McCain is expected to say.

Watch: Margaret Thatcher discusses economic reforms in History

"I believe we need a high level oversight board to impose real criteria for who gets help and who does not; and to ensure that we have a careful steward of the taxpayer’s dollars," McCain will say according to his campaign. "It should be bipartisan and have qualified citizens who have no agenda but the protection of taxpayers and the financial markets."

Related: McCain, Obama to weigh in on proposed rescue plan

Meanwhile, McCain told NBC's Today Show on Monday that he thinks the country is in "the most serious crisis since World War II." Those comments appear at odds with the Arizona senator's initial reaction to the collapse of investment bank Lehman Brothers one week ago when he declared the fundamentals of the economy remained "strong."

Soon after he made those remarks, McCain sought to clarify his remarks by noting that he was referring to the “American workers.”

“They are the fundamentals (of) our economy and the strength of it and the reason why we will rebound,” McCain said in an interview last week on CNN’s American Morning.

Filed under: John McCain


Dwayne - Naples, FL   September 22nd, 2008 11:36 am ET

Laura from Northern Cali...Spot on! It seems like the Republican's only respect anything that comes from McCain's mouth even though Obama sets the tone days or months ago. I guess the only strategy left now for the GOP (seeing that McCain is out of touch) is to open the paper to see how Obama reacts and then latch on to his ideas and insert 'my friends'.

McCain is pathological liar and I wish more media would pick up on that FACT!! Maybe at the debates? We can only hope for McCain/ Palin to be exposed for the GOP Robots that they are....

RoFL   September 22nd, 2008 11:36 am ET

That's hilarious! Considering it was McCain/Republican majority's lack of oversight that caused so many problems (deregulation, Iraq, spending, borrowing, etc.). Give me break. LOL

Credibility please.

Republican Women for Obama   September 22nd, 2008 11:35 am ET

Wow, how can McCain claim to regulate Washington when he won't even rule Phil Gramm out as Treasury Secretary. Phil Gramm is the king of deregulation.

McCain simply can't be trusted.

With 7 houses and 13 cars and 100 million in wealth earning 4-8% interest, he could care less about our social security. He's only concerned with besting his father and grandfather who were admirals. With all of his negative and deceitful attack ads, McCain has shown that his ambition outweighs his integrity.

Biff   September 22nd, 2008 11:35 am ET

REPUBLICAN MANTRA...

PRIVATIZE THE PROFITS.....

"SOCIALIZE" THE LOSSES.

Bear Sterns, Lehman Brothers, Fanie Mae, Freddie Mac, AIG...

de-regulate... de-regulate... de-regulated energy... (look what happened).. de-regulated housing..(look what happened) de-regulated Wall Street.. (look what happened)...

What's wrong people.... too much 'logic" for you.... too many of 'them-thar new-fangledy FACTS"?

darko   September 22nd, 2008 11:35 am ET

Anyone else notice how the ticker's new Fact Checks are about as biased as they can get?

A FACT CHECK IS NOT SUPPOSED TO HAVE AN OPINION FOR A CONCLUSION.

CNN fails in impartial journalism...again.

HB   September 22nd, 2008 11:35 am ET

Isn't this the same strategy Obama called for? Why does it seem that Mccain is copying Obama?

PALIN can I ask you a question   September 22nd, 2008 11:35 am ET

America, we can not trust McCain or Palin or any republican for that matter. McCain doesn't know squat.

Palin is a witch who credits Pastor Thomas Muthee a African witch hunter from Kenya with her rise in power. Google it.

Palin has hired friends to key positions as mayor and governor. Are they members of her crazy church?

If so and she does the same thing when she gets in office we could all be ruled by her friends and maybe even members of her church. To me that's a scary thought.

Frank from Peterborough   September 22nd, 2008 11:34 am ET

Just for comparison sake the American people should review the collapse of the Soviet Union due to shady economic policies that culminated with their invasion of Afghanistan.

All the above seems eerily familiar with the U.S. today and these comparisions are being made on blogs all over the country but not here on CNN. Perhaps CNN is sensoring any blogs along this line.

juiceball   September 22nd, 2008 11:34 am ET

The Repubs are destroying this country from within!!! McShame can't go a day without telling lies and more lies. How can we trust them when they lie about everything – including the size of Palin's crowd yesterday, which the fire chief stated was about 25,000 -30,000. Lies, Lies, and more Lies!!

Alan Boyer   September 22nd, 2008 11:34 am ET

Obama laid out a plan. this looks like CNN is trying to help shore up Mccain. this is BS.

ET from OMAHA   September 22nd, 2008 11:33 am ET

Something is wrong with some people who called themselves republicans.
I call them ignorants and stupids. How can you accept to be used by the rich folks of your party? They all need to go back to school and learn COMMON SENSE 101.

Sujith, NE   September 22nd, 2008 11:33 am ET

So McCain said he doesnt know any economy, but off-late he has a lot to say about it? He is even suggesting "solutions"?! GOP is full of it.
And all you feminists, dont forget to check out the perverts at work when Palin gives her speeches.
McCain couldnt take his eyes off her posterior on the day he introduced her.Now, we all know Cindy is old, but on national television...?, com'on !

Dave From Philly   September 22nd, 2008 11:33 am ET

So, Sen. McCain is for a bi-partisan commission to oversee our financial system. Why is he not for a bi-partisan commission to oversee Gov. Palin's allegied abuse of power.

Here is a start, force the executives of these companies to fortfiet all of their earnings for every year they were in charge of these companies. Then let the tax payers bailout the companies that are in trouble.

Dana   September 22nd, 2008 11:32 am ET

Paulson needs check and balances.

The American people will not give a blank check to Bush and his cronies. They all need to regulated from the botton to the top!!! Obama talked about regulation 2 years ago but Mccain top advisers was paid to lobby against regulations and now we are in a big mess.

No Mccain wants to flip flop and regulated after the bird was let out of the freaking cage!! NO How, No Mccain and definitely No Palin!!

Kevin S   September 22nd, 2008 11:32 am ET

Tom in Delaware,

If sarcasm is all your Reps have left then its time to send Ole' McSame out to pasture. Oh wait, you've NEVER had anything BUT that sort of trash talking when it comes to real issues!

Obama/Biden 08', 12'

Franky   September 22nd, 2008 11:32 am ET

Hey guys, I just wanna say something real quick about this bailout...

If you are gonna pay for my won money that I lost, I don't know what the hell are you doing!! Dems and Reps better realize that this is a BIG risk!!! I don't even know where to start!! Because if this fails, I GUARANTEE you we will be worse later than now...

Liam 'Paid' Cash   September 22nd, 2008 11:31 am ET

J.Sidney McCain must practice with a mirror before his televised changing claims, with such a straight face! Sidney may not remember but Cindy and he own 7 -10 homes have 13 garages and 13 cars with a hired team of accountants to sort out paperwork.
Tony Harris @CNN tries to make Sidney a credible candidate into millions of homes. This candidate for president, McCain is the re-incarnation of the Italian fascist Benito Mussolini given his established elitist credentials and disconnected delusions.
McCain / Phil Gramm championed the wild west settings of Wall Street seen today and pretend to be recent discoveries.

Cam   September 22nd, 2008 11:31 am ET

If Americans had any sense, they would call Bush and McCain and their deregulating ways what they are: economic terrorism.

McCain is so worried about winning the war in Iraq but is clueless as to how the cost of that illegal war combined with people like McCain being asleep at the switch (can he accept any responsibility?) are destroying America from the inside out.

Terrorists around the world are rejoicing that another Republican administration may get in to continue their work in destroying America. I think Bush and McCain's strategy is to destroy America to the point where even terrorists don't see America as a threat. They are succeeding.

aj   September 22nd, 2008 11:31 am ET

mccain has no clue to this crises, he says one thing then another, at
least obama wants to look INTO THIS IN OTHER WAYS BEFOR BLABBING HIS MOUTH, ABOUT A SERIOUS AMOUNT OF MONEY.
AND HOW IT WILL PLAY OUT IN THE LONG RUN, AND HOW IT WILL EFFECT THE TAX PAYER, IF THE CEO WILL WALK AWAY WITH NO
RESOPNSIBILITY AND WITH A FIST FULL OF MONEY, THEIR HAS TO BE SOME ACCOUNTABILITY TO WHAT HAS HAPPNED., NOT THROW GOOD MONEY AFTER BAD, WHO KNOWS WHAT SHOE WILL DROP NEXT. ACCOUNTABILITY NOW, NOT AFTER THE FACT.

AJ

lovinsun8   September 22nd, 2008 11:31 am ET

Since he realized Obama was right? Give me a break!

Christopher London   September 22nd, 2008 11:30 am ET

When merely opening one's mouth results in the great likelihood that what flows out of one's oral cavity is of a similar constitution of what flows out of the other end of their body, at the anal cavity, and there are no "DEPENDS" for oral drivel than it is simply time for said candidate to head to "Seizure World" and to put aside whatever Presidential ambition he may have.

Ron from Baltimore   September 22nd, 2008 11:30 am ET

OK, McCain, you prove every day that you are a leader. But running back and forth across policy positions, I'm already out of breath. And I'm in much better shape than you are.

You can go flip-flop pancakes at IHOP. Creep.

Jim   September 22nd, 2008 11:30 am ET

Like John McCain, I am far from an expert on the economy. In fact, like most people, I struggle from month to month to keep my bills current and keep food on the table for two kids that will soon be in college. So why is it that I am not comforted by Hank Paulson's sudden discovery that he needs unfettered control over roughly 1 trillion dollars of our money to "save the day" ... in secret back rooms ... with no oversight ... no review ... and no responsibility?

First, Mr. Paulson is a Bush appointee, another in a line of "Brownies" and "Rummies" that I am supposed to trust at face value because George Bush says so and because Paulson's suit is really nice. I am reminded of an old western series of B movies with this one being "Trinity Is Still My Name." There is no reason to believe that suddenly, after a parade of failures, shrouded in secrecy and rationalized by "trust me," that this sequel will yield any result favorable to the American people.

Paulson came to his current position via Goldman Sachs, an organization widely credited with helping to create the problems we have in the economy now. He either, saw this coming and is now trying to bail out his friends, or he is incompetent and did not see it coming. Either way, it is difficult to justify trusting his judgment now. If he knew how to fix this, he should have done it when he was making the deals that brought us to this point.

For a change, the American people must study what is going on here and get involved. Blind trust of an administration that has proven over and over again that they are either incompetent or treasonous is not acceptable. The stakes are too high and the history of these people demanding your money while promising disaster if you have the audacity to ask questions is clear. Please write and call your people in Congress today and insist on full disclosure, oversight and a balanced approach to recovering from this financial disaster.

prairieguy   September 22nd, 2008 11:29 am ET

McSame bascially stated today what Obama said in a speech yesterday...you're a day late McSame!!!!

Tim in NC   September 22nd, 2008 11:29 am ET

NOW you want government involvement and intervention in the activities of our financial markets.

...hypocrit...

Angela   September 22nd, 2008 11:29 am ET

It is absolutely amazing to me on how McCain waits to hear what Obama has to say and then mimics almost word for word what Obama does say and pretends like it was his idea.

Can we not think for ourself? I think not.

Tim in NC   September 22nd, 2008 11:28 am ET

NOW you want oversight and regulation and government montering of what happens in our financial markets...

...hypocrit...

Grow Up Please!   September 22nd, 2008 11:27 am ET

The 2nd posting here was from someone stating

- – - – - – - – - – - – - –
We don't need you Hillary supporters now, we have the momentum. Obama will win without you!!!
- – - – - – - – - – - – - –

and then claiming to be an Obama supporter.

This is such a POOR ATTEMPT by McCain supporters to MANIPULATE the emotions of those folks that backed Senator Clinton in the primary.

How stupid do you think we are?

Senator Obama's policies, intellect, honesty, commitment, judgement, are all superior to that of John McCain. We know this will be a close election and will be voting for Senator Barack Obama so you can save some oxygen and not post such nonsense.

Lyn   September 22nd, 2008 11:27 am ET

McSame can't solve anything,he open his mouth before hearing what the plans for fixing the economy,blames Obama for the mess in the economy, he an his VP continue telling lies , does he think that we are stupid, when he is one of those people who the cause of the problem.

joel halpern   September 22nd, 2008 11:27 am ET

This man is a fool and to vote for him you might as well be one too.

Mike D.   September 22nd, 2008 11:27 am ET

So is McCain just going to copy everything Obama says?
I was against it before I was for it.
errr I was for it before I was against?
I cant keep this guys positions straight.

Annie   September 22nd, 2008 11:26 am ET

And "Sweetie," where have you been? Have you ever heard of the terms "veto proof majority" or "fillibuster?" Google them. Information is power.

Truth Hurts   September 22nd, 2008 11:26 am ET

Mccain,

You better watch your attack ads. You must have forgot about the keating 5 . Lets get the 527 ads going!!! Let's also talk about Palin when she charged raped victims for examination in her town as Mayor!! Let's talk about some real issues!! MCCAIN/PALIN Against all women rights!!

James in NYC   September 22nd, 2008 11:26 am ET

Smart people think before they speak. McCain supporters need to understand that anything worth saying is worth saying right! If I had Barack's brain I would have to take a second as well to sort through all that Harvard Law stuff!
Barack is the smartest politician I have ever seen in Washington. I am inspired by him and he and my wife will have my vote Early on Nov 4th. I will not take a rerun of the last four years!
Obama/Biden in 08!

Sabrina   September 22nd, 2008 11:26 am ET

Thank God , now that is leadership, not like Obama who always wait to see what every one else says. Just like when he took all of Hillary's ideas as he own, just changed them a little. Give Wall Street a blank check, with no oversight is like letting the fox in the hen house. Go McCain/Palin

Marie   September 22nd, 2008 11:26 am ET

That make sense, while obama and his people want to count how many cars McCain has, McCain wants to do something to help the country. Keep focusing on things that don't matter Obama, your true colors are showing, they aren't about Unity, hope and change!

Cam   September 22nd, 2008 11:26 am ET

All the republican supporters on here need to stop accusing Obama of stealing McCain's ideas. I mean, do you even pay attention to who has been stealing ideas, themes, slogans, etc. It has been McCain and Palin.

Serious times call for serious people and I'm afraid McCain's bad temper and worse judgement along with palins lack of any knowledge as well as her many ethics violations and supporting her staff and husband in breaking the law just don't cut it.

Palin is without a doubt the most unqualified VP pick in history. She is cocky, arrogant, divisive, snotty, and spoiled. In addition, she seems to have no problem lying with a straight face. Not releasing her tax returns (until repubs can "alter" them probably) and refusing to cooperate in her ethics investigation show she is not about transparency but rather about fooling Americans long enough to get elected.

I pray Americans are not this stupid but I fear you are.....

arun   September 22nd, 2008 11:26 am ET

Dear Andy

Obama was talking about oversight and bipartisanship last friday, while McCain was blaming this entire mess on Obama.

It is time for you to give up on this loser, your conservative friends (George Will etc) have already done so. This man is completely clueless. Wait for more POW stories to come through the pipeline.

fay   September 22nd, 2008 11:25 am ET

It's so sad to see an old man who used to be honest and serving in the army lying like that. Mcpain is a looser he would do anything to win an election rather to save his honor.

Sarah   September 22nd, 2008 11:25 am ET

What is exactly Obama's economy plan? Why people support him even though he actually does not have any specifics and even CNN reporters and econmists say he doesn't!!! Amercia, Think!!!! Think with reason. Your disagreement with Bush should not support Obama. By the way, what is his middle name????

Liz   September 22nd, 2008 11:25 am ET

CNN keeps reporting what McCain said about the fundamentals of the economy was still strong and he has already come out and explained what he meant. He was actually talking about the american workers. He has come out and explained what he meant and yet CNN is still showing the original reporting of what McCain had said so I don't see why the candidate should have to come back to explain anything as it seems that CNN wants to make it a political item.

Anyway, about McCain's 13 cars, I don't think its anybody's business how many cars or even how many houses he and his family own. If his wife's family worked hard and made money and willed it to her, why should she feel guilty about it. Because her husband is running for the presidency, should she sell all of her houses and cars so they can look less affluent? Why should they be ashamed of what they have when her family and them also had to work hard to get what they now own. CNN always want to blow things out of proportion when its anything to do with McCain but if it was the other way around for Obama, we would not be hearing anything about it. Here we go again with CNN not being fair in their reporting.

Ronda   September 22nd, 2008 11:24 am ET

It's official. McCain has become a democrat in his attempt to win this election. At least he is talking like one. Personally, I believe democrats are better at being true democrats.

I agree it needs oversight. But I have whiplash from McCain's sudden flop on this. The lifetime pro-deregulator is now the champion of regulation?

Has he switched because he believes it (hopefully he does realize that democrats have been right on this issue all along) or is he just saying anything to try to win votes?

I don't know. But it is too risky to try and find out. I'll vote for the true democrat in this election.

Len in Washington   September 22nd, 2008 11:24 am ET

McCain is continuing and even growing his Populist routine.
I much prefer someone who declines the "shoot from the hip" mentality of McCain. Obama is correct in taking time here.

The Bush Administration has "shoved" us into positions before. That approach didn't work out then and won't now. McCains grasp of this situation is simply a reflection of the Bush Team that is writing his every word.

Billy   September 22nd, 2008 11:24 am ET

McCain will say anything to get elected.

Due to his budget SNAFO's the 3022 Olypic Space Games have the following minor adjustments:

Space Disk: Is totally canceled
Space Swords: Is totally canceled
Space Luge: Is also canceled
And all other events are pending.

David   September 22nd, 2008 11:24 am ET

2 of Obama's top aides are ex-Fannie/Fredie CEO's.

One made $90M in 2 years.

Doug R.   September 22nd, 2008 11:24 am ET

Oversight = Regulation. Just last week, McCain told us all he's a deregulator. Another LIE.
And he also told up the economy is 'fundamentally strong'. Another LIE.
The American taxpayers will end up spending $1,000,000,000,000.00 the rescue Wall Street. If the economy were fundamentally strong we wouldn't be spending this type of money. How pathetic these Republicans are.

al in memphis   September 22nd, 2008 11:24 am ET

This bailout "My Friends" can be offical call the GREAT AMERICAN TAXPAYER Heigst " . McCain said he knew how to win wars, but can he fight the Radical Economic Extremist that have bankrupt our economic future.

This must be the 100 year war McCain was referring too.

IWASP!-Woman Against Sarah Palin!   September 22nd, 2008 11:23 am ET

Didn't he vote against regulation?????? and he bashed Obama for his stance on regulation. Now's he's for it? Incredible. Your judgment mccain SUCKS! Btw, what ever happened to the sham gas tax holiday you proposed?

Annie   September 22nd, 2008 11:23 am ET

McCain economic philosophy: Deregulate greed.

Solution (when said philosophy crashes & burns): Blame the greedy.

You can't have it both ways, Senator McCain.

Ex-Republican for Obama   September 22nd, 2008 11:22 am ET

For the first time in 26 years McCain is for more over sight? Give me a break!! Let's just call this man 'Parrot", he simply mimic's all of Obama's ideas. May as well elect the man that ORIGINALLY was for more oversight...and that's Obama.

By electing McCain we will allow him to turn this country into a Business oriented Socialist country, where big business is constantly given hand outs by the government. Its time to say 'no' to the failed policies of McCains entire 26 year body of work. It matters not now that he realizes he's been a moron for the 26 years and 'suddenly' changes his stand, he was too stupid to do it then...which means he's too stupid to be president now.

Obama/Biden '08

AVEE capitalcityVA   September 22nd, 2008 11:22 am ET

Now he wants oversight? Looks like campaign first Country second. It was his cronies that removed all the regulatory rules to watch over the financials market.

Now he wants oversight? McCain is one oversight America can't afford to overlook.

colleen   September 22nd, 2008 11:21 am ET

McCain doesn't even know who HE is anymore. He's running against himself. It's pathetic, sad and more of the same. Enough is enough!!

blaising   September 22nd, 2008 11:20 am ET

Palin-McCain '08 are the best LIARS!!

They have a long record of eliminating OVERSIGHT.

Now they're trying to see if you'll buy another lie. Their campaign has said that LIES don't mean anything to them...only winning does.

It's cool though, I love republik party rednecks!!

Levi...LEVI!! Get that snow machine outta' the south lawn and come feed this kid!!

Yee Haw!!

Jeff   September 22nd, 2008 11:19 am ET

Sorry Sen. McCain, I think your running mate is calling all the shots in your campaign. What ever the "barracuda" wants, the barracude will get.

Anonymous   September 22nd, 2008 11:19 am ET

McSame can't solve anything, he said the economy is strong, may be where he comes from with all those houses , McSame don't know that the American people is strugling to make ends meet, so McSame please give us a break and stop telling lies we are not stupid.

McCain for Pres.   September 22nd, 2008 11:19 am ET

I can't believe that people really don't understand what John McCain meant what he said the economy was FUNDAMENTALLY sound. Stop the spinning. John McCain is the only one who has a proven record of working across the Isle and putting the American people first. Obama just talks, but voting present doesn't give you any record to run on. Open your eyes America.

Earl   September 22nd, 2008 11:18 am ET

Some townhall meeting this monday morning with the Irish...

McIDIOT took 3 questions.......THREE....Luck of the Irish.

Orlando   September 22nd, 2008 11:18 am ET

Old McCain had a thought and went like this I’m against a bailout, now I’m for a bailout, I’m against bailout now for bailout with oversight. Here a flip, there a flop, here a flip, there a flop, everywhere a flip-flop. Old McCain is going insane and next he will forget his name-O.

Nelson Colorado Springs Co   September 22nd, 2008 11:18 am ET

Somebody need to oversee the nearly $1 trillion federal bailout of the nation's debt-ridden investment banks it hard to select anybody that could be bipartisan

America is great but broke. John McCain’s campaign has nothing better to do but try to drag up old news . McCain is freind with President Bush , carl rove ,dick cheney, fumfeld even oliver north he a convicted felon (for selling gun to our emeny Iran) he was given a pardon the president the washington machine, bush and company. Go Obama/Biden

Daniel va   September 22nd, 2008 11:17 am ET

McCain say anything and time to time doesn't make sens... Age a factor YES NO DOUBT ...

UCLAdy04   September 22nd, 2008 11:17 am ET

"Seems to make sense.

How long will it take Obama to latch on to this idea?

I know, i know- he's still "refining" his positions.

Boooooooooo.

Schmucko."

Hey genius...McCain is copying OBAMA! Obama already laid a 7 point plan about what needs to be included in the bailout...and the DEMS have been all over this demanding more oversight for days. McCain has been missing in action on this. So get your facts straight!

Maureen / Calif.   September 22nd, 2008 11:17 am ET

The reason that McCain wants greater oversite now is because he wants to appear to actually care, to attempt to score a few votes.

McCain can play pretend all he wants. His prior voting history says it all. There is something fundamentally wrong with McCain. No conscience, no original ideas, no intelligent plan to fix any problems affecting mainstream America. And his crazy, fanatic, gun toting sidekick is a joke.

Vote Obama/Biden

larry in Chillicothe OH   September 22nd, 2008 11:16 am ET

McCain is an idiot and I can't wait until we dont have to listen to his lies anymore!

Teamsters for Obama

Grandma for O   September 22nd, 2008 11:16 am ET

Gary hit the shift key dear, yelling isn't very nice.

As far as McCains oversight comments, are we really supposed to believe him. His past actions speaks volumes.

Back in March and former history clearly shows that you are for deregulation. You supported it, and voted for deregulation.

Now look what deregulation has brought us. You need to go back to high school economics Mr. McCain and learn the "fundamentals" of our economy.

Wes   September 22nd, 2008 11:16 am ET

I find is list of possible members of an oversight Board rather curious. More like political posturing than anything else. Does he really believe these people have the time (well except Romney since he has lots of time right now) to be more than figureheads? This is a job for non-partisan technocrats. They do actually exist.

John "Knee Jerk" "Economy Fundamentally Sound" McCain. He's right, economics isn't his strong point. Maybe he'd like to put Phil Gramm and Charles Keating on the board as well.

jo   September 22nd, 2008 11:15 am ET

palin thanks but not thanks, being a VP

FactCheck   September 22nd, 2008 11:15 am ET

> How long will it take Obama to latch on to this idea?
> I know, i know- he's still "refining" his positions.

You might want to do your homework bunkie... this has been Obama position since the get go. Nice of Johnnie Mac Come Lately to join in on the fray. But don't hold your breath too long because he may flip-flop yet again.

Confused   September 22nd, 2008 11:14 am ET

Senator McCain, who are you? what do you stand for? You are so confused. Is this the way you really want to run the country? You have no grounds to stand on. You say one thing this moment when it suits you and another thing at another time when it suits you.
You need to make your mind up and stop causing CONFUSION

FactCheck   September 22nd, 2008 11:14 am ET

Now where have I heard this line of rhetoric before.. oh yeah, from Barack Obama. I guess McCain figures that if he can't beat 'em, he ought to join 'em.

Who would run this oversight committee, Sen. McCain? Rick Davis, your campaign manager that received $2 million from Freddie and Fannie to limit regulations??

BJGT   September 22nd, 2008 11:14 am ET

The 'Republicans are the party that wrecked America' in the 8 years.

McCain-Palin have nowhere to go now but down, and I will tell you exactly how this will happen. They can run away from President Bush, but they can't run away from the Republican Party. The Republicans will be regarded from now on as "the party that wrecked America." Over the weeks ahead, as carnage in the economy and the financial markets ramps up, it will become increasingly clear.

Are you serious   September 22nd, 2008 11:14 am ET

What about Palin charging rape victims $1000 for exams. This is just dirty.

Annette, Washington, DC   September 22nd, 2008 11:13 am ET

Stronger oversight,?? McCain what have you been doing and saying all these years about deregulation? Everybody who remembers the McCain from yesteryear knows he has been a hugh supporter of deregulation. It's an election year and now you talk about oversight??? The McCain camp is a joke.

Obama/Biden08

savage   September 22nd, 2008 11:12 am ET

Go McCain?

your supporting a person who is one of the reasons WallStreet is where it is today. I'll would venture to say you wouldn't be as supportive of him if you had any retirement or stock investments. McCain was supportive of deregulating the financial institutions for a decade and now he is talking through both sides of his mouth saying they now need regulated.

Where does the guy really stand, I have seen this guy hop from one foot to the other trying to cut the ties with replublican good ole boy politics on many issues and this is a huge one. I have never seen someone so crooked in my entire life.

I can't wait for this Friday's debate to see McCain come unglued when Obama drills him. I think it's said that they are letting the female maverick hide behind the political lineman and not letting her debate with Biden. Now thats something yuo should vote for. :)

Random dude   September 22nd, 2008 11:12 am ET

why ? I thought the 'fundamentals were strong'

Al McCain and Fannie and Freddie 2005   September 22nd, 2008 11:12 am ET

Mc Cain, in May 25, 2005, was on the attack over the mortgage melt down with FANNIE AND FREDDIE called Franklin Raines Obamas campain adviser a crook for cooking the books for a FAT bone us, mean while Obama that year was getting his sweetheart mortgage " a super Jumbo", deal with Northern Trust in chicago along with 3 million investments with the same bank. Dodd, Kent Conrad,also were getting cushie deals too. So Obama your a BS artist and thats a fact, and I'm a Democrat but Obama is wrong on the issues thats why I wanted Hillary.

2012 ;-)

Lou G   September 22nd, 2008 11:12 am ET

He wants to put three of the richest people in charge of oversight? Is this a picture of the reform he wants to bring? Sound's like more of the same that got us here, no wonder he want's rich people to serve because they are also the one sthat will recieve all of the tax cuts!

Richard Rohde   September 22nd, 2008 11:12 am ET

It's looking like the polls are turning in Obama/Biden favor. Lets just hope that if he is elected that the Republicans will treat him with the same dignity, respect and support that the Democrats gave President Bush.

Molly   September 22nd, 2008 11:12 am ET

Please...the guy who railed against regulation and got us into this mess is now going to flip-flop and call for more! Anyone supporting John McCain needs to see a mental health professional. The definition of insanity is to repeat the same behavior again and again expecting a different outcome.

All the people, for the people   September 22nd, 2008 11:11 am ET

He'll probably change his mind again – that's his style. Why Americans or 1/2 of the population wants this man to lead our country is beyond me. And now, today I learn he has 13 cars ! I can barely afford the one I have for our family. Geeze. Wake UP People. Smell the coffee – and notice it is over $9.00 a gallon!

FL4OB   September 22nd, 2008 11:10 am ET

Now, McCain? After 26 years, where have YOU been with this "oversight"? McCain's deregulation WITHOUT oversight has already caused enough problems. Sorry, but I find it difficult to find credibility with McCain now, who admitted not understanding the economy (as demonstrated by his misguided statements that the fundamentals of the economy are somehow strong). Eight is ENOUGH.

Vic   September 22nd, 2008 11:10 am ET

How sickening are these ads being run by both sides. Couple this with the partisan left and right wing journalists, and one sees the world of newspapers and other members of the media in a spiraling mode equal to the fall of Wall Street.

Facts: Sarah Palin is NOT lying, and neither is McCain, so if their opponents can't speak and publish the truth about their own campaign, then stop all your accusations. It's affecting your poll numbers, and not to your favor. Remember, we're all adults and can think for ourselves. We are sick and tired of the blame game - and believe it or not, we are smart enough to know the truth between truth and untruths. For example, we already know about Jeremiah Wright, William Ayres, Tony Rezko and history of Chicago politics. We know with absolute certainty that John McCain is not an extension of
George Bush. As with Obama and the war, we foresaw that Bush would be totally unfit to run this country, but the same is not true of John McCain, who is smart and experienced. Except for him, we'd still have Don Rumsfield running the Iraq war into the ground. So stop all this trivia. We know better and will use our voting rights to reply to all these accusations.

Paul from NYC   September 22nd, 2008 11:10 am ET

McCain in March 2008...

McCain: “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. I'd like to see a lot of the unnecessary government regulations eliminated, not just a moratorium. I've thought more on the area of deregulation rather than a moratorium.”

Watching Closely   September 22nd, 2008 11:10 am ET

Didn't Obama meet with his economic advisers last Sunday to discuss the state of the economy and which direction to take? Didn't it include the likes the billionaire value investor Warren Buffet as well? Wasn't Obama criticized by the media for hosting a "Presidential" styled economic forum because of his blue background? Yet again, McCain is following in the footsteps of his "inexperienced" opponent by calling for the same type bipartisan forum. McCain continues to be a day late and a dollar short on the issues. His leadership on issues depends upon which way the wind is blowing. We need someone to go against the wind with the judgment to do what's right instead of popular. Keep leading Obama, they'll get it hopefully sooner than later.

Darrel from Denver   September 22nd, 2008 11:10 am ET

I can agree with McCain on this one and, I suspect, Obama will have a similar position.

Bush and his admistration are trying to use yet another 'crisis' to grab as much power as possible. Their proposal states the Treasury Secretary's decisions are 'non-reviewable' and 'may not be reviewed by any court of law or any administrative agency'.

Why am I not surprised this Republican administration would try such a thing?

We have got to stop Bush and this type of thinking. The best remedy is to throw them all out. Let's start by overturning the Republican clowns now in power and putting a Democrat in the White House. That should send a pretty clear message.

Susie   September 22nd, 2008 11:10 am ET

McCain finally admits that we're in a serious economical crisis that he has been right in the middle of for years. How can you be the cause and cure for it at the same time.
He's "fundamentally" for deregulation and that's the root cause of the mortgage meltdown than is one of the main problems that contributed to the current Wall Street meltdown.

Clinton Democrat for Obama   September 22nd, 2008 11:10 am ET

Mitt Romney will be on McCain's board??

Wonder if Sen. McCain is having second thoughts about not picking Mitt Romney as his VP?

1) Romney's economic background would give McCain credibility
2) Romney's Michigan upbringing may have helped McCain there
3) Romney appeals to conservatives
4) Romney's baggage was mostly aired out in the primary as opposed to Gov. Palin who seems to have a lot of baggage that's being exposed now

One vote   September 22nd, 2008 11:10 am ET

HEEEEEEEEELLO

This is one of the three items Senator Obama has been 'yelling about' since last Tuesday. 1. Oversight, 2. Main street, 3. No CEO walking out with bail-out monies................

Get your heads out of the sand people!!!!! (Andy J, NY – Kay, Rusty etc.)

GA for Obama   September 22nd, 2008 11:10 am ET

Andy J, NY- Make sense?!!! Obama called for regulation and has stood for it his entire life! You need to 'refine' your brain.

WASP Member!!!   September 22nd, 2008 11:10 am ET

The media wants us to think that Palin is drawing women. Not true!! She says she feels our pain. Does she??? Palin's town charged women for rape kits!!! Doesn't sound like she cares about woman's rights or feels our pain!!!

MEP   September 22nd, 2008 11:09 am ET

Is this an extension of his blue-ribbon committee to study the matter? Time is of the essence. This is not about posturing or politics. It is about saving the American economy and those who depend on it.
Fine- tune after you fire the president of the SEC as president. Obviously the impact of personal economic woes for McCain is very remote as this disconnected position illustrates. This coming from Mr De-Regulation himself.Please. You cannot have it both ways!

Open Your 3rd Eye   September 22nd, 2008 11:08 am ET

SINCE WHEN DOES MCSAME AGREE WITH GOVERNMENT OVERSIGHT??

WOW.

THIS GUY IS A COMPLETE MESS ON THE ECONOMY.

NOTICE HOW HE WAITED FOR OBAMA'S RESPONSE AND SAID THE SAME THING.

WHAT A LOSER.

Dave   September 22nd, 2008 11:08 am ET

John McCain has alot of experience on this issue...Just ask MR KEATING!!!
John McCain = KEATING 5 = EPITOME OF CORRUPTION!

j williamson   September 22nd, 2008 11:08 am ET

"Johnny come lately" McCain – he certainly never pressed for this before! Nice going – just keep telling 'em what they want to hear!

tonero   September 22nd, 2008 11:07 am ET

Andy J, NY and Rusty... What did McCain do while in the senate for 26yrs. i believe he should have been more ahead in the polls by now. He has been out there and regarded as a household name. Obama just emerged. you guys should be ashamed of yourselves, You are basically an apology to Americans. "The fundamental of the economy is strong". Yeah Right... Keep on living in la la land and i am sure you are very happy to see you supreme candidate talk from both sides of his mouth. Experience my A*^

Jon   September 22nd, 2008 11:07 am ET

After at least a three-decades long record of calling for deregulation and less government oversight of financial institutions, McCain suddenly finds himself running for president and on the wrong side of one of the biggest problems in the history of our economy. So, true to form, he simply changes positions and attacks his opponents with lies.

McCain wants to do to the health care system in this country what he and his lobbyist friends have done to the financial system–deregulate, get rid of oversight, and let the consumer go it alone. And when the health care industry collapses as a result of his misguided leadership, he'll simply switch positions and pretend he had our best interests at heart all along. What a nightmare.

Huh...   September 22nd, 2008 11:07 am ET

Happy to hear that McCain finally joins Obama, and the Democrats, in the call for oversight. Better late than never.

Maybe he will aslo call for provisions that there be caps on CEO's walking away with 'baii-out' funds and that Mainstream America needs similar provisions in the attention to our situation.............. I am not holding my breath.

karen-phoenix   September 22nd, 2008 11:06 am ET

now HE WANTS REGULATIONS!!! HA! He started this mess in the 80's with his envolvement with Keating and the S & L mess!!! He deregulated all of the rules that had been put in place after the 1929 crash!!! This man is a lier and sooooo dishonest!!! I do believe he is either getting seniel or just plane dishonest!!!

Jake   September 22nd, 2008 11:06 am ET

McCain is an idiot... deregulation led to the theft of billions of dollars by corrupt money managers and loan managers. They loaned more than the value of property and pocketed the fees. Then the worthless mortgages were sold as prime. McCain's crony Phil Gramm led the deregulation effort.

Kim   September 22nd, 2008 11:06 am ET

I am watching mcBush speak as I type. I can hardly believe my ears.
Once again McTricky is playing on both sides of the fence. Trying to eat the cake and take it home both. Mc Lie said that America cannot wait while Obama and the Democrats hold up this 700 Billion Dollar Bail Out. Then in the next sentence McBush says he is not comfortable about spending this huge amount of money without more oversight. in other words delay the bail out exactly as Obama said to do until safeguards are in place. Worse yet. McRich suggests the 700 Billion Dollars be watched over by....Yes ! Mitt Romney !! One of the Republican Corporate Billionairs who put us in this crises. Wow, put the Wolf in charge of the sheep. Atta Good ol boy McSame.

OHIO for Obama/Biden   September 22nd, 2008 11:06 am ET

Well all Obama's position are either called stupid and then refined and adopted by the GOP or the current administration. Read this:

He called the WAR in Iraq a distraction from Afganistan...6 yrs later GOP and bush called it mistake.

He called for timeline withdrawal from Iraq..GOP called it stupid ....and 1 yr later is was called "TIME HORIZON"

He called for economic reform and regulations on wall street. McCain and the GOP called it reckless...2 yrs later McCain is singing its like a new idea.

Smart people see ahead, dumb people copy their ideas. Obama said he will wait for the administration to come out with their ideas so he could give his. he wont risk them calling his ideas dumb and then went back to implement it.

Wake up America!!

VIRGINIA will be blue   September 22nd, 2008 11:05 am ET

It's just like McShame to start the week off with a negative ad which has already been proven FALSE. But what's up with the Palin investigation? Whay are they subpoena dodging????

John, Catholic   September 22nd, 2008 11:05 am ET

For those of you who keep hounding Obama for not saying something right away:

“Wise men speak because they have something to say; Fools because they have to say something.” – Plato

hrsc   September 22nd, 2008 11:05 am ET

He's only been in the senate/ Washington 26 years, be patient he was getting around to the panel thingy. Maybe he just forgot ... Anything is possible if you say it enough somebody will believe it.

Mary Steins   September 22nd, 2008 11:05 am ET

McCain's Policies of De-Regulation are what put us in this mess to begin with.

Wake Up America!

Stacy from Loudoun County, VA   September 22nd, 2008 11:05 am ET

Folks, Republicans have always been for less regulation laissez-faire economics. Don’t forget your history lessons as Herbert Hoover preached the same economic principles only to lead the country into the Great Depression.

John McCain has stood for less regulation over his entire span of history and called for a moratorium on government oversight in the 1990s. Time and time again, he has supported the wrong policies and that has led us into the current fiscal crisis we are in now. This, from a man who was quoted as saying that “economics is not his strong suite.”

Please exercise your right to vote in November and weigh the issues before you and how each candidate plans to address them. Look carefully at their voting history and consult fact checking web sites before you vote. Judge on their merit, not the skin color.

McHoover   September 22nd, 2008 11:05 am ET

McCain's campaign manager, Rick Davis, took over $2,000,000 from Fannie Mae and Freddie Mac to push the deregulations through.

And now Mr McHoover is going to magically become the re-regulator and fix the problem.

Him and the rest of the 'let's not regulate anything' Republicans created the problem and plan more 'trickle down economics' to fix it.

Anyone who falls for this nonsense needs to up their meds.

jn   September 22nd, 2008 11:04 am ET

Really John..maybe you and Phil should have thought about this when you both came up with deregulations! To bad for you McCain, it's already out there how much you were involved. Maybe John you should give the money back from the lobbyists and keating 5 that you made to help out our economy....oh wait, that was spent buying your 9 houses and 13 cars! John, Keep your big mouth shut when it comes to Wall Street please! You were a BIG part of the problems us tax payers face today..Loser!!!

Tim   September 22nd, 2008 11:04 am ET

That's right....
Oversight by the same people that allowed it to happen in the first place. Do they ever actually listen to themselves?
Supportive posters here really show their IQs too.

Alex   September 22nd, 2008 11:04 am ET

mccain spent his entire life deregulating... now regulating.. so was his entire 26 years of deregulation a dream?

TyKansas   September 22nd, 2008 11:03 am ET

Obama has already said as much. He doesn't want to throw the money out there blindly, and he wants to make sure this helps Main Street (not just Wall street).
Obama, quit making sense hours and days before McCain does!!!

Tom in Delaware   September 22nd, 2008 11:03 am ET

Golly- I sure hope we all hear from the 'Messiah' soon...we're in need of his Glorious Salvation.

Like the Good Book says..." he'll come like a thief in the night."

That's our Obama.

Xavier, Saint Louis, Missouri   September 22nd, 2008 11:03 am ET

7 homes and 13 cars huh? Must be nice! However, that's not the average American family, nor is it me and my family. OUT OF TOUCH IS AN UNDERSTATEMENT!

END THE DRAMA, VOTE OBAMA!

Give Me A Break!   September 22nd, 2008 11:03 am ET

And we are suppose to trust you and your GOP machine that got us in this mess!!!

No Way, No How, No McSame/Palin

BK   September 22nd, 2008 11:03 am ET

Bill Clinton deregulated the financial instututes in 1999. The reason he did this is so the poor could buy houses with less restrictions. McCain warned congress over 2 years ago about Fannie and Freddie. The do nothing congress did nothing again.

Michael in Houston   September 22nd, 2008 11:02 am ET

And McCain is pandering to the situation...again. I got a question for you Repubs? This government so called bailout of these companies, isn't that......Socialism? didn't France do this also? So why is your candidate in so much support of this idea? Oh he needs to porect his rich buddies, that's right. Isn't this idea against all what you repbubs stand for? Big governement oversite. This whole idea is one big welfare check to Big Business. But when the Dems want to do something for the common guy, ohhhh noooooo we can't have that socialist leftest crap in our country. Seems to me Wall Street is enjoying the fact that they can spend money, that they did not work for, paid to them by ......you and I the tax payer, sounds and looks like McCain likes handing out Welfare Checks....and Obama is not different, I'm just making a point to your Repubs.

M.Serafin   September 22nd, 2008 11:02 am ET

McCain can you count your amount of flip flops ???

So you deregulate to regulate ?? sounds like we make it a little better, then when it goes wrong we take over and make the market state run..

J from DC   September 22nd, 2008 11:02 am ET

I just gave $50 to Obama because I am sick of this economy. In November Obama gets my vote. I know John McCain has no idea what to do, because he said the economy was strong when it is not. Now we have to pay so much money to get the banks out of trouble. So, why are we still spending all this money in Iraq? If McCain wins this election, he will keep spending billions every month in Iraq? I don’t think McCain cares how much the war cost, because McCain and his rich friend will keep eating. They are getting their money now (today) in this bailout. While, the rest of us have to wait to see who gets elected. I have friends who say they can’t see themselves voting for Obama, even though they like him. They say they will vote for McCain even though they don’t like him or Palin. They are just Republicans voting the party line. Still, here we all seem to agree on one thing. If Obama don’t win, the rest of us will get nothing, but more taxes. Then, when we lose our jobs, and can’t pay for our homes. They will take them and sell them to someone else, for half the price. It is happening every day, right here, right now, before the election. Obama needs our vote, and our money to win in November. Let’s support him now, before it is too late.

Peter   September 22nd, 2008 11:01 am ET

This is a great idea and is smart and makes sense. Simple protection. Use people from the industry who know the industry with lawmakers.

Go McCain!!

Sheryl   September 22nd, 2008 11:01 am ET

I am so sick of McCain & Palin that I have to change channels anytime I hear either of their voices !! Truth Stretchers or Liars Liars Liars, just more of the same Replublician crap. Time for a New and Improved Government ! Pray Daily for our Future !!

OBAMA / BIDEN 08
Florida Female Democrat !!!

CNN   September 22nd, 2008 11:01 am ET

Andy J, NY September 22nd, 2008 10:51 am ET

Seems to make sense.

How long will it take Obama to latch on to this idea?

I know, i know- he's still "refining" his positions.

Boooooooooo.

Schmucko.
--------------------------------
What idea??? Do you seriously believe that people (who are intelligent) will support a candidate who has supported deregulation legislation for 26 years? you mean to tell me now all of a sudden he's for regulation! Last night on 60 minutes he trumped being for deregulation yet again! People wake up! This man is a liar and a panderer.

Eight Is Truly Enough   September 22nd, 2008 11:01 am ET

McCain the king of deruglation now wants to police the same good old boys and various other thieves he and his cronies have been protecting, aiding, abetting and most importantly profiterring in our backs and hard earn savings, 401ks and retirements for all his time in Washington? Bawhahahahaha We don't need to go to Afghanistan to know the meaning of terrorism courtesy of the GOP.

Bruce   September 22nd, 2008 11:00 am ET

It si scary how out of touch he has become, and still people do not see his age as an issue. He is slipping.
Put you blinders on to the fact that he is slipping..Cindy has to tell him what he missed saying, because his memory is going. Look at his ads, he thingks that he can fool us all into beleiveing that he ahd nothing to do with anything, that he was always a maverivck...90% voting ruecord with Bush...maverick? Not in my book,'Remember if you vote for McCain you are truly taking the shcnce that he will stroke out, or loose his faculties and then we have moosegirl running the country...just too scary for me.

Tim   September 22nd, 2008 11:00 am ET

Sorry Guys!
I can't afford to bail out your rich buddies today. I'm still paying for your Iraq war.

LBD   September 22nd, 2008 11:00 am ET

Depends on what your definition of fundamental is, is!
The biggest problem is the fact that the Dems have had total control of congress and they spent it by ignoring the issues thinking they could pin it on the Reps. I don't think they expected the markets to cave in before the elections. Can we say back-fired! Obama won't say anything about his policy because he wants everyone to play their cards first! Then he can sit back and play the quarterback game. Sounds like another present vote to me!

Jackie, Minneapolis   September 22nd, 2008 11:00 am ET

McCain fought for years to get deregulation and now it wants to fight against it. It seems that McCain is constantly fighting against many laws and policies that he put in place.

Bruce   September 22nd, 2008 10:59 am ET

Matt Simmons is as perplexed as anyone that it has fallen to him to take on OPEC, Exxon, the Saudis, and all the other misguided defenders of conventional wisdom in the oil patch. Why should one investment banker with a penchant for research be required to point out what he regards as the obvious – that from here on out, oil supplies can't meet demand, and if we don't act soon to solve this crisis, World War III could be looming?

Why should a man who scorns most environmentalists have to argue that locally grown produce and wind power are the way of the future? Why should a lifelong Republican need to be the one to point out that his party's new mantra – "Drill, baby, drill!" – won't really fix anything and that his party's presidential candidate is clueless about energy? That the spike in oil prices earlier this year wasn't a temporary market anomaly and the recent retreat in prices is just a misleading calm before a calamitous storm? That we're headed toward $500-a-barrel oil?

Purple Nurple   September 22nd, 2008 10:59 am ET

For the last 26 years this guy was AGAINST regulation and now that wall street invested badly, NOW he wants regulation???????
He had 26 years to put proper legastion in place but he voted against regulation so his rich buddies could get richer.

And on a side note, I never thought our country would be turned into a welfare state under REBUPLICAN rule(we just nationalized our banking system), dont ya'll always say it will be us DEM's that are going to do that???? That is your biggest arguement againt us and you rethugs turn around and do it…..crazy man!!!!!!!
....

Ken in Dallas   September 22nd, 2008 10:59 am ET

Is it the behavior of a true statesman to say the first thing that comes into his head on any subject, then to "clarify" his position into something completely at odds with his previous statements, as McCain habitually does?

Paul   September 22nd, 2008 10:59 am ET

Is this the same John McCain that told the Wall Street Journal in March that "I'm always for less regulation... I'd like to see a lot of the unnecessary government regulations eliminated."

Suddenly a little oversight is a good thing, huh Johnny Mac? I would have gladly voted for the Mr. McCain that existed back in 2000, but this new guy... I just don't know who he is.

jimmy   September 22nd, 2008 10:59 am ET

Instead of 800 billion, for companies, let's put it into our infrastructure, let's start putting people to work, let's re-build our country, not only will it create jobs, it will create tax income, better
roads means better gas milage, and a lots of other benifits,
after world war 2, there was a lot of goverment jobs, they gave our returning soldiers a job, let's give our people another chance and our country a new direction...

I think all of this mess started when they changed the bankruptcy laws. Lending companies became lax in their lending practices and made bad investments..

If we had the old law, none of this would have
happened.....period

David   September 22nd, 2008 10:58 am ET

McCFLIP-FLOP at it again. Anything to get elected. Lie and lie again if he has to, pander and pander again if he has to. Say anything if he has to. Just elect me.

Amanda from GA   September 22nd, 2008 10:57 am ET

Obama can't take a position on the economy to save his life! And Biden thinks it's patriotic for the rich to pay more taxes than they already do! With the Economy as Issue #1 – we're going no where fast with these two.
Robin Hood and Lil' John.....

paul oregon   September 22nd, 2008 10:57 am ET

what can you expect from a repub. honstey is to much to ask for

Outsourcing The Presidential Brain   September 22nd, 2008 10:57 am ET

The problem I have with McCain is that he has zero intellect and always wants to outsource the thinking to others .... this is why he mentions Romney .... Bloomberg .... Buffett.

Yes, a President needs advice from experts but he needs to be smart enough about the subject to know when what he's being told is fundamentally bad ... John McCain isn't capable of knowing this.

If he was, he wouldn't have been saying, just a week ago, that the fundamentals of the economy were strong. He wouldn't be calling for Romney ... a Bain Capital principle which enriched himself with exploitive deals ... to be on this 9-11 style commission ... all the while calling for the firing of SEC chairman Cox ... which he didn't even know the President can't fire.

Unfortunately, his running mate, Palin, knows even less about this than he does. These are not topics covered in 6 colleges in route to a BA in Journalism.

Dr. Mimi De La Cruz for OBAMA   September 22nd, 2008 10:57 am ET

GUARANTEED IF MCSENILE HAS ANYTHING TO

DO WITH THE OVERSIGHT, WE WILL TAKE A BLOODIER

BATH THAN IF WE LET BUSH DO IT. MCSEAZO IS ONE

OF THE SCUM BAGS THAT VOTED FOR THE BUSH

CHANEY DEREGULATIONS. THIS IS JUST A BIGGER ENRON.

flavoter   September 22nd, 2008 10:57 am ET

Sorry John you may want to get a DNA test, because this baby is yours for sure.

BJ in NC   September 22nd, 2008 10:57 am ET

Another McCain flip-flop. He was against regulations and now he wants more oversite. When there was a small segment of the population whose pockets were getting lined, like his campaign manager Rick Davis, it was okay to have a hand's off approach. The most important segment of the population, the common man who is the voter is being pandered to right now. I hope the voters recogninze it for what it is.

Republican for Obama / Biden 08   September 22nd, 2008 10:56 am ET

So he is going to pay already rich people to tell poor people how to handle his money. Sorry McCain wants to create "bureacracy" to oversee this. SOrry MCCain, but Buffett is in the Obama camp. Bloomberg already has a job. Stop pandering.

S. Boatman   September 22nd, 2008 10:56 am ET

Mccain Would Be A Disaster For This Country As President! A Total Disaster! After All There Years Now You Want To Lead! Get Real Mccain! You And Your Deregulation Friends Are To Blame For This Mess! I For One Dont Trust You To Clean It Up! You Talk A Good Game But Dont Undertand The Basic Rules! You Are Not Getting My Vote!

Independent but Leaning   September 22nd, 2008 10:56 am ET

Leadership comes through in tough times. McCain is ready; he has the experience. Obama has untested theories and no practical experience to lead anything- let alone the nation.

Obama: Ready to get elected. Not ready to lead.

Sarah.....and my last name isn't Palin!   September 22nd, 2008 10:55 am ET

Your record doesn't match your words. I don't believe you John McCain

Bill Charlotte,NC   September 22nd, 2008 10:55 am ET

WHAT? Today the self proclaimed "deregulator" wanting regulations! John's campaign slogan ought to be... "If you don't like this message; hang on, it will CHANGE tomorrow!"

What a loud of BS this man is.

Tony   September 22nd, 2008 10:55 am ET

Very funny coming from Mr. NO-Dregualtion.

What a pathetic hypocrite.

Mike Schwab   September 22nd, 2008 10:55 am ET

My name is John oops I forgot, uggg our economy is in place, oops I want to spend 11billion more a month in Iraq oops did I say that, how many houses do I have oooops I forgot!!!!!!!!!!!!!!!!!!!!!!!!

Wise White Guy   September 22nd, 2008 10:55 am ET

Lets see, what month is it. Actually i guess i need to know what day it is to know what McCain's position is on things. One day he is a Maverick then the next he is a champion for the Republican Party stronghold of deregulation. Then the stock market crashes and he suddenly no longer supports deregulation. Then the next day he thinks we need more oversight. The next day he says we need smaller government and less oversight. Today he wants more oversight. I honestly don't know what to think about what is going through his mind but it sounds like he represents everyone and nobody. At the very least he cannot seem to keep straight in his mind what is a proper direction to go and that scares the hell out of me! One thing he has been consistent on is war is the best way to handle any and every world conflict and thinking about him with control of our Nukes really scares me!

Abby   September 22nd, 2008 10:54 am ET

Mr. Deregulation himself is asking for oversight after helping to cause this mess. Thanks but no thanks!!!! We want new leadership!

Obama 08

Douglas, Los Angeles   September 22nd, 2008 10:54 am ET

I just heard John McCain steal another of Obama's slogans. He said we need to take of "mainstreet." Does this man have any original thought of his own?

Sweetie   September 22nd, 2008 10:53 am ET

We wouldn't be in this MESS, nor would we need an Oversight Committee if our CONGRESS had done its Job!

It is time to face the fact that the Left Wing Controlled CONGRESS has failed the American people to the tune of a TRILLION dollars!

How could anyone in their right mind vote for the Left Wing Empty Suit after last week!

The Left Wing is destroying our country; don't let them finish us off!

McCain/Palin-08-In a Landslide Victory for All Americans!

Anthony   September 22nd, 2008 10:53 am ET

So now John McCain is talking about doing the very thing he was against for 26 years? Isn't that funny! And for Rusty to say, "That's what I'm talking about, Leadership", that's a laughable statement! Now he wants to do the opposite of what he did to get into this mess! Some people can't get past color enough to think for yourself. That's why this country is so screwed up! McCain will say and do anything to get elected! And he's trying to use th media as his way to do it. Even though I have never seen a candidate lie so much about something over and over again!

Darryl   September 22nd, 2008 10:53 am ET

Now he not tell you his wife and son Andrew are responsible for one silver lake bank NV. No he not telling us abut that?

Same Senator John McCain the Same Old Politic as usual...

Age does matter he can not carry one thought..

Lynn in NM   September 22nd, 2008 10:53 am ET

I think the companies that take the bailout should not be allowed to have any profits until the money is paid back to the government. Also, the CEO's, CFO's and all the greedy officers of the companies should have to take a 75% pay cut until the money is paid back. Obviously, they aren't even worth that much, or the companies would not be failing. No one is paying my bills! Of course, Congress will do this, because it means raising our taxes!! You can almost see Ms. Pelosi drooling at the thought! This will go down as a Bush administration problem. However, it is the Congress that is at fault. Oh yes, Obama and McCain are both part of that. Oops!! Guess we can't vote for Hillary either.

Don   September 22nd, 2008 10:52 am ET

So howcomeisit John McCain who last week was against all of this is suddenly our biggest Socialist?

Anything for a vote when your plane is spinning in?

Obama/Biden 08

jack NY   September 22nd, 2008 10:52 am ET

Mc Cain and Palin have money...so what?
If McCain wants to spend his on cars or cigars and Palin has 1000 shoes...it is their money to spend and none of voters' business.

Get to the issues please and stop acting like a bunch of kids in a playground.

This is serious business and if either McCain or Obama don't understand that, get the hell off the playground.

I for one am ready to give Bush another year and start the nomination process all over again with different candidates.

Even Bush for another year would be better than these two clowns.

New hope with Obama   September 22nd, 2008 10:51 am ET

McCain master pander man is once again wrong. He panicked

Andy J, NY   September 22nd, 2008 10:51 am ET

Seems to make sense.

How long will it take Obama to latch on to this idea?

I know, i know- he's still "refining" his positions.

Boooooooooo.

Schmucko.

HAWK, TEXAS   September 22nd, 2008 10:51 am ET

WHAT A JOKE. MCCAIN AND HIS TOP ADVISOR PHIL GRAMM ARE THE ONES THAT VOTED TO DO AWAY WITH REGULATION AND OVERSITE. AND NOW HE THINKS WE NEED IT. TALK ABOUT PANDERING. AND WHY WONT HE RELEASE HIS MILITARY MEDICAL RECORDS? HE HAS P.T.S.D. AND A LONG TIME MENTAL PROBLEMS. NOT TO MENTION HIS VIOLENT TEMPER THAT COULD GET US IN BAD TROUBLE.

facts are facts   September 22nd, 2008 10:50 am ET

When McCain states over and over the economy is fundamentally strong and in good shape and has championed deregualation for 26 years why would he want greater oversight now?

Careful what you step in here people it might be horse manure.

Willow, in Iowa   September 22nd, 2008 10:50 am ET

NOW he wants oversight and a committee (of Republicans, you notice), to oversee the bailout. We should ask "Mr. Deregulator" at what point in the deregulating did everything go wrong? He oughta know, because he used to be very proud of the label "Deregulator".

Hpotterfan77 in CT   September 22nd, 2008 10:50 am ET

Rusty, Obama has already said this......zzzzzzzzz.....too bad he was for it all those 20 odd years.....McIdiot at his finest!

Anti Palin...Pro Women   September 22nd, 2008 10:50 am ET

====i must be stupid Or hate america to vote for mcBush====

Nathan,   September 22nd, 2008 10:50 am ET

Now the the deregulator wants oversight. He and his ilk are responsible for this mess ewe're in. McBush and Graham his main economic advisor and the architect of this debacle are the ones responsible for the tasx payers footing the bill of what amounts to paying for the greed of the chosen few. When are Americans going to wake upand see what these republicans are doing to this country.

brian   September 22nd, 2008 10:50 am ET

McCain voted for every single deregulation bill that led to this mess. Don't believe his new love for populism – he is a deregulator at heart and has no real intention of making the government better for real, average Americans.

Carl from MI   September 22nd, 2008 10:50 am ET

More deregulation!!! WE NEED MORE DEREGULATION!!

THAT'S THE McCAIN RALLYING CRY FOR HOW MANY YEARS NOW?? AND LOOKS HOW GOOD IT WORKS!!!!

WAKE UP, AMERICA!! VOTE SMART... NOT SENILE!!!

John   September 22nd, 2008 10:50 am ET

So, now oversight is good, Johnny?

Alice Brinkley   September 22nd, 2008 10:49 am ET

Exactly right! There needs to be an oversight committee made up of people who know the US economy and have no political aims.

WhoIsPalin?   September 22nd, 2008 10:49 am ET

Who is still listening to this pathetic lying old man. CNN it's more newsworthy covering what Obama plans are for our Failing Economy. During this Financial Crisis Obama is the only Presidential Candidate that has shown a STEADY HAND, while McCain has been stumbling around trying to come up with a coherent

Laura from Northern California   September 22nd, 2008 10:49 am ET

UUUHHHHH....Didn't Obama say the same thing yesterday...???? McCain is an idiot...and a puppet..he has absolutely nothing original to say, steals everything, and on top of that is a LIAR!

The real leader in all of this is Obama!!! GO, GO, GO!!

Wake Up!   September 22nd, 2008 10:49 am ET

McCain: "It should be bipartisan and have qualified citizens who have no agenda but the protection of taxpayers and the financial markets."

So he is saying that congress, people we elected whether they be Democrat or Republican aren't concerned with protection of the taxpayers. This statement sounds like another attempt to tell the american people what he thinks we want to hear to elect him. Wasn't the meetings this weekend a bipartisan effort? McCain is so out of touch. Stop lying to us and stop saying "My friends" at the beginning of every sentence. It's annoying and some friend your party has been for the last 8 years. Anyone dumb enough to vote for them for four more years? Yup, and our country will continue to decline.

Ignore McCain-Palin

Vote Obama-Biden!!!!!!

Independent   September 22nd, 2008 10:49 am ET

Obama had this idea in his principles on Friday. And I thought McCain wanted to end the alphabet soup...now he is enacting this and the MFI. ahh jeez make up ur mind man. I am so confused!

Andy J, NY   September 22nd, 2008 10:49 am ET

@ Ohio for Obama/Biden

McCain spoke several years ago about the need to have more oversight in the markets- especially with fannie and freddie.

Keep crying, you liberal baby. Socialism ain't gonna work, bud.

ber6964   September 22nd, 2008 10:48 am ET

Your going to trust a crook to run the country?? KEATING 5 showed how McCain ripped off the country already, you think he's changed??

Cindy   September 22nd, 2008 10:48 am ET

Hey folks, his VP has manage to get away with not cooperating with the investigation- NEED I SAY MORE?

In the last couple of months he's changed his views and position than I care to count- He willl say anything that will get you to vote for him and once he's in the White House, watch out!

The war monger will wage war wherever he can- he's not a diplomat he's a warmonger!!

McCain the WARMONGER!

hrsc   September 22nd, 2008 10:48 am ET

What does Sen. McCain our anyone else plan to do about creeps like this guy who are preying on people during this crisis.

J.T. Foxx is the founder and President of Get Rich or Die Broke:

Emily   September 22nd, 2008 10:48 am ET

Where was he when this mess was being created? Now he
wants oversight. What a joke. And clueless Sarah was probably
out shooting wolves from the air or building a hockey rink on land
the town didn't own. What a pair.

Mcsame/Bush, no Mcsame/Palin/ no Mcsame ....   September 22nd, 2008 10:47 am ET

HE DOESN'T KNOW WHAT HE WANTS, HE WILL CHANGE THE STORY LATER TODAY. HE APPARENTLY HAS DEMENTIA.
OBAMA/BIDEN, "DON'T DRINK THE HATER-ADE."

IT'S YOUR FUTURE STUPID!!!!!

Marilyn   September 22nd, 2008 10:47 am ET

mccain will say anything to win. He will reverse if voted into office.

Cindy Nelson   September 22nd, 2008 10:47 am ET

I've never seen a more undecided leader in my life.
Fire Cox!
I was a deregulator, now I'm a regualator.
I'm not an elitist, I only own 9 houses and 13cars and some are foreign. But I've stated I only buy American Cars.
How many more lies do I have to endure from this guy?

Angela   September 22nd, 2008 10:47 am ET

Mitt the Flip Flopping Romney?

After this week, I hope they do a Fact Check on everything that McCain says because most of the time he tries to distrot the truth.

Look at the SNL skit last Saturday. It pretty much sums up everything McCain is doing.

undecided in ohio   September 22nd, 2008 10:46 am ET

9 houses. 13 cars. ...and you understand my life???

HOW????

Bulldog   September 22nd, 2008 10:45 am ET

This is McCain REFORMING his own policies and philosophies for the last 26 years that got us into this mess in the first place. How wonderful.

When he talks about reform he is talking about reforming himself and his entire campaign staff of lobbyists.

If you believe that I have a bridge to sell you that goes to NOWHERE.

proud army and navy mom   September 22nd, 2008 10:45 am ET

Mcsenile is the head of the Commerce Committee for goodness sakes.

Is mccain admitting that his lack of oversight and being pro-deregulation is the cause of this banking crisis' or is he betting that the American people are too stupid of the facts to blame him. I think the latter

mitchell   September 22nd, 2008 10:44 am ET

mccain will do nothing but, watch as our nation crumbles before our eyes.

Terry   September 22nd, 2008 10:44 am ET

Stronger oversight on bail out? Did you see the news today? Financial institutes want more money than just for bad mortgages? How come I get a feeling there is more to this than just people going in default of their mortgages or bad lending? May God have mercy on us there is no end to this madness? It like is like all of our politicians are under some kind of mind control and they won’t listen to us the people who the majority us are against this bail out. You know the next president will have his hands so tied by this mess it will require HUGE taxes but we may never recover the next thing we will go in default on our taxes and they will doing a bail out on this. I cannot vote for McCain because I can hear the words now we need a WWIII to get out of this mess in hopes we will all forget who got us in this mess. Why do we keep repeating this cycle a Republican gets us in debt and a Democrat gets us out? This time I don’t think anyone can get us out of this mess I hear this may total up as much as 3 trillion now come on this ant all be about people in default of home loans or even credit card debit?

Joe Regis   September 22nd, 2008 10:44 am ET

Obama/Biden is the ticket capable to oversee the oversight of the bail out of the republican administration.

8 years of failed policies is enough.

Thanks but no thanks repubs.

Candy West Virginia   September 22nd, 2008 10:44 am ET

Yeah Yeah, except there is one problem – YOU VOTED AGAINST REGULATION you hypocrite!

McCain/Palin The Copy-Cats   September 22nd, 2008 10:43 am ET

rusty September 22nd, 2008 10:29 am ET

THAT'S WHAT I'M TALKING ABOUT, LEADERSHIP !!
GO MCCAIN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

LEADERSHIP TO HELL! YOU ALL HAVE FUN DOWN THERE, BECAUSE WE DEMS WON'T BE JOINING YOU.

AND THE YOUNG SHALL LEAD.

brian   September 22nd, 2008 10:43 am ET

Pure hypocrisy!!!! NOW, McCain wants reasonable regulation???
YOU GOTTA BE KIDDING ME!! After a career of toeing the Repuglican Party line of trying to junk all oversight and regulation in the name of Political ideology..he NOW says he's always been for accountability?? Since when??

Get out the flip flops....

Oh, right, only Repugs do that....

We love Sarah   September 22nd, 2008 10:42 am ET

Wait a minute. Do you mean to include that guy named Mitt Romney who you said didn't know anything?

McCain is pathetic and so are the folks who support this pandering idiot!

Bulldog   September 22nd, 2008 10:41 am ET

Why has nobody ever called out McCain for his Federal Earmark Prize $300 million to the first person to come up with an improved car battery just 3 months ago. This is a FEDERAL EARMARK that McCain announced as prize money and nobody has called him out on it.

James, Houston, TX   September 22nd, 2008 10:41 am ET

Yea right McCain, Who's going to provide the incrased oversight, Neil Bush, the Savings and Loan Bandit?

mitchell   September 22nd, 2008 10:40 am ET

mccain has no clue what's even going on. his campaign mngr,rick davis took money for 5 years from f&f to promote DE- regulation. he's lying and flip-flopping,daily, to compensate for his failed ideology.

Tom   September 22nd, 2008 10:40 am ET

Maybe the first time in McCain's life he has ever asked for more oversight.

McCain has a 26 year history of deregulation. Sorry, John, that's a track record you can't run from.

Dave F   September 22nd, 2008 10:40 am ET

Will anyone mention that if McCain had his way, social security would have been on the stock market, and now all would be lost? I am happy that his proposals never went through.

Anyone want to mention that McCain was against any regulations on Wall Street, long before now?

American   September 22nd, 2008 10:39 am ET

McSeniles constant FLIP FLOPPING is making Americans dizzy.
His leadership is not the same as Bush.......It's Worse.

SKF   September 22nd, 2008 10:39 am ET

Please...someone tell McCain...

No pea soup green backgrounds

No white shirts

The white shirt makes him look incredibly OLD! I mean, not that he isn't OLD, but white isn't a good color for a white-haired albino.

Ken in Dallas   September 22nd, 2008 10:38 am ET

Incidentally, when McCain said that by "economic fundamentals" he was referring to American workers, that wasn't a clarification, it was an outright lie. He said what he meant to say the first time, and was shocked at being caught lying once, so he tried to fix it by lying again, expecting not to get caught twice in a row.

BOBBY K. FROM BIRMINGHAM, AL.   September 22nd, 2008 10:38 am ET

WHATEVER MCSAME?
CAN'T WAIT WHEN THE DEBATES START!!!!!!!

OBAMA/BIDEN 2008

DIPSTICK/LIPSTICK '08 PLEASE MEET THE "FUNDAMENTALS"!   September 22nd, 2008 10:38 am ET

First of all the whole "American worker" excuse is a LIE. Furthermore, here are three dates just this year where he made his statement and he wasn't thinking about the "AMERICAN WORKER".

"I still believe our fundamental underpinnings of our economy are strong."
-Sen. John McCain (1/23/08)

"I still believe the fundamentals of our economy are strong."
-Sen. John McCain (8/20/08)

"Our economy, I believe, still, the fundamentals of our economy are strong…"
-Sen. John McCain (9/15/08)

Even if you two morons actually believe your noise about the "fundamentals" were really AMERICAN WORKERS, then what do you say to the 650,000 "fundamentals" that have lost their jobs since January?

Your only digging the hole deeper.

Thomas   September 22nd, 2008 10:38 am ET

Republican oversight means making sure that the Oil companies and the "right" banks get the lion's share of the money.

The solution is to put oversight on the Republicans!

Putting the Republicans in charge of the economic recovery is like putting the fox in charge of the hen house.

Linda from Prescott AZ   September 22nd, 2008 10:37 am ET

McCain has a different message every hour. I really think people are ceasing to listen to him. He doesn't have any concrete information, ever, it's always hip shoooting..and lately he has been shootimg himself in the foot after he takes it out of his mouth.

CW in PSL   September 22nd, 2008 10:37 am ET

Oh so now you want oversight.....but for your whole life you were for deregulation...for those who don't know, this means.....to free something such as an organization or industry from regulation...which meant freedom from oversight.....but now this lying, scheming, pandering, hypocrite is saying anything to win an electon. Also, is is going to raise taxes, there is NO WAY any president is going to tell you he won't raise your taxes with us with the biggest budge deficit in history, spending money fighting 2 wars, these huge bailouts.....where is the money going to come from? JOHN MCCAIN IS LYING AND HE WILL RAISE YOUR TAXES. Obama is truthful, he says he will raise taxes but on the top percentage of people who can afford it and lower taxes for the majority!

AA   September 22nd, 2008 10:37 am ET

Really? I thought he wanted to fire the chairman of the SCC?
Oh that's right, gov't does not do that.

OK then, we'll what can I say I'll do? McCain asks himself.

I have a good idea, why don't I wait and see what that smart guy Obama is doing and say the same thing with a Republican twist instead of firing my ignorant mouth off?

Oh, yea, I'll throw Romney in there, he is a private citizen with no agenda.

What a joke. The RNC is just a complete insult, treating anyone who believes in their bull as idiots.

Peace.

jm for sc   September 22nd, 2008 10:37 am ET

I believe we need a "high level oversight" candidate for president to impose real change and that's Sen. Obama. McCain was directly involved in the process of this mess so how can he be expected to have the insight to fix it.

Every thing reminds McCain of some type of war.

Obama/Biden 08

Bulldog   September 22nd, 2008 10:37 am ET

For 20 years now McCain has call for LESS oversight. Now all of a sudden he is calling for MORE oversight? He is lying through his teeth. He has consistly voted and supported less oversight and the deregulation of Wall Street. McCain fingerprints are all over the financial crisis we are in today.

Purple Nurple   September 22nd, 2008 10:37 am ET

For the last 26 years this guy was AGAINST regulation and now that wall street invested badly, NOW he wants regulation???????
He had 26 years to put proper legastion in place but he voted against regulation so his rich buddies could get richer.

And on a side note, I never thought our country would be turned into a welfare state under REBUPLICAN rule(we just nationalized our banking system), dont ya'll always say it will be us DEM's that are going to do that???? That is your biggest arguement againt us and you rethugs turn around and do it.....crazy man!!!!!!!

TyWebb   September 22nd, 2008 10:37 am ET

He should have started with more oversight over Palin.

jt   September 22nd, 2008 10:37 am ET

13 cars and 7 houses, and wants to fix economy, health care, well...good luck Mr McCain...

payback   September 22nd, 2008 10:37 am ET

Can you say flip-flop,flop-flip......Look, what political party does the folks on Wall Street. Identify with? republicans.....That's right. If you want to continue with the status-quo...vote, republican.....McCain/Palin......because, we need another GREAT DEPESSION......so we can blame the LIBERALS and THE LIBERAL MEDIA. For the mess were in...............right-wing nut....republicans....hear no evil, speak no evil, and see no evil.............

Mikey   September 22nd, 2008 10:36 am ET

After two or three decades of opposing all forms of regulation, all the way from the unnecessarily intrusive and burdensome to the prudent and reasonable, now suddenly McCain and a host of others have religion?

It should now be abundantly clear to the entire nation that McCain is pretty much lost regarding economic issues. About the only person connected with this election that knows less than McCain is his running mate.

These are serious times. Voting for someone because they tell you they are more patriotic that others, because they package themselves as a "maverick", or because they were a POW, simply does not cut it. Voting against someone because they are incorrectly portrayed as "dangerous" using all kind of smears and innuendo also does not cut it.

Look at the two tickets – who has the intelligence, background, judgment, temperment, and poise to lead our country out of this mess. And we should not forget which party, and which philosophies led us to this point. The future of our nation is at stake and the country and world your grandchildren and their grandchildren will inherit.

This is too important to choose with your "gut". We did that the past two elections and it has led to almost complete disaster for America.

Veterans For Obama   September 22nd, 2008 10:36 am ET

Now he wants oversight????? It was his push for deregulation that got us in this mess!

This old fossil is out of touch and reckless.

Ken in Dallas   September 22nd, 2008 10:36 am ET

Regulation should be based on protecting the integrity of business processes. The Fannie/Freddie fiasco. for instance, was about bond underwriters who slapped AAA ratings on garbage paper, corrupting a big slice of the bond market. The banking industry has essentially abandoned risk management because it's more profitable to victimize marginal credit borrowers, saddling with debt they can't pay off in a lifetime.

This economy has come to be a story abour the rich viewing the poor as food animals. We are become economic cannibals, and it will stop, either because we stop it, or because the whole system collapses of its own corruption.

For the sake of your posterity, and for your own sake, choose more wisely than you have in the past.

pam Eugene OR   September 22nd, 2008 10:36 am ET

Which is McCain? Is the economy strong or is it the largest crisis since WW ll? Which way is the wind blowing today?

Angie   September 22nd, 2008 10:36 am ET

Funny, he didn't want any oversight two weeks ago!

Democracynow2008   September 22nd, 2008 10:35 am ET

Mccain again is mr flip flop man .

The economy is sound a week ago now its the worst since ww2.

Make up your mind Mccain or have your campaign writers get the story right.

Obama/Biden 08

Chris   September 22nd, 2008 10:35 am ET

Another about-face by McCain. Also, I'm not buying this whole "I meant American Workers" spin he's trying to put to his words. American Workers are the basis of our economy, they are not the fundamentals. Fundamentals are the details and machinations of how things work, not the source. It's painfully obvious that McCain has no idea what the fundamentals of the economy are.

carlo   September 22nd, 2008 10:35 am ET

Yeah, McThief wants to make sure that none of those "other" people get any help. He looks out for his own, you know, Graham, Bounds, Fiorina, the Wall Street gang that is advising him?

It's his philosophy of de-regulating and trickle down economics that has gotten us into this mess. No one cares what he thinks.

CR   September 22nd, 2008 10:35 am ET

He needs greater oversight of his campaign!!

JusLaugh   September 22nd, 2008 10:35 am ET

Funny how he wants "stronger oversight" now, when just last monday he called himself the "deregulator".

He changes positions so fast it's hard to keep up sometimes.

I miss the days when CNN posted articles saying positive things about Obama. Seems every article about McCain is positive and every one about Obama is negative these days. What happened to "no bias no bull" or is that just a slogan? CNN is starting to sound a lot like fox.

Wayne   September 22nd, 2008 10:34 am ET

McCain you are part of the problem. You admitted that your party has failed the US over the last 8 years. Guess what! You are part of YOUR PARTY. You supported your party and therefore you are the problem. Why on Gods Earth should we reward failure with another 4 years.

MCCAIN=FINAL NAIL IN THE COFFIN OF THE AMERICAN DREAM.

Voters..DONT DO IT!!!!

OBAMA 08

Praetorian, Fort Myers   September 22nd, 2008 10:34 am ET

So John...
Are things fundamentality sound–worse than after WWII.
As a baby boomer–I was in diapers after WW II...so how bad is it?

AVERAGE JOE   September 22nd, 2008 10:33 am ET

republicans for Obama

Jim   September 22nd, 2008 10:33 am ET

Too little, too late, Johnny.

It was the dismantling of regulatory oversight that you and your ilk committed over the past years that led directly to this mess.

Deregulation– of which you touted yourself as a champion– doesn't work. And now that the 700 billion chickens are coming home to roost, you're trying to reinvent yourself as some sort of regulatory hawk.

Is there nothing you won't say or do, no principle you won't hastily jettison, in order to win election? For shame.

Gov Palin, What Are Your Foreign Policy Credentials?   September 22nd, 2008 10:33 am ET

"to ensure that we have a careful steward of the taxpayer’s dollars..."???

WITH 8 HOUSES AND 13 CARS WHILE THE RESTOF US ARE STRUGGLING? MC-CANE, EVEN YOU DON'T BELEIVE THAT. WHO'S CONTROLLING YOU?!!

Mary L   September 22nd, 2008 10:32 am ET

Now he wants oversight!!!!!
Give me a break, this man has no credibilty when it comes to the economy. Does any remember the "Keating 5"
I say let these companies rot! Congress wake up and remember Hillary said she would lend you a pair if needed, well I guess it's needed.

Kay, Charleston, WV   September 22nd, 2008 10:32 am ET

McCain is absolutely right on more oversight.

Cam   September 22nd, 2008 10:31 am ET

Can anyone take McCain seriously about anything he or Palin say about oversight, regulation, and transparency?

I mean, his simpleton spokesman Tucker Bounds refused to say that Phil Gramm (the great deregulator, along with McCain) would under no circumstances be named Sec of the Treasury in a McCain administration. This should scare Americans....

Also, Palin can shut up about transparency as she will not release her tax returns (until repubs have had time to alter them to be squeeky clean) and advises her staff and husband to break the law by refusing to answer a subpoena.

I get a headache thinking about the danger America will be in if these clowns get elected. America's transition to being impotent on the global stage will be complete. Also, China will end up owning the U.S.........and that should scare you all.

VIRGINIA will be blue   September 22nd, 2008 10:31 am ET

Now he's all for oversight?!?! This guy can't seem to make up his mind. I htought he was all about reform. What a joke.

OABAMA/BIDEN 08

USAF Staff Sergeant   September 22nd, 2008 10:31 am ET

McCain wants boards and committees for everything. He's trying to say Obama wants "big government", but this guy will have committees overseeing everything. Nice waste of time and money.

Rosa Birmingham, AL   September 22nd, 2008 10:30 am ET

Another flip-flop by McCain. We have no way to predict what will happen if McCain becomes president since he changes his mind every couple of hours. I would bet that if he wins he will revert to being more like Bush than less.

White Mother for Obama!!   September 22nd, 2008 10:30 am ET

He is only playing politics... we all know Republicans like to find a way once in office to pad their own lifestyle more than it already is. 13 Cars and at LEAST 8 properties. We know McCain does not UNDERSTAND the Average American that lives paycheck by paycheck.

How in the world could he understand?? NO WAY MCCAIN!!!

Bob Indianapolis, IN   September 22nd, 2008 10:30 am ET

After being a champion of governmental DEREGULATION for over twenty years, NOW he wants oversight? CUTE!

CM   September 22nd, 2008 10:30 am ET

So let me get this straight....you championed deregulating the industry and set off this mess and now you want oversight to help fix it?

Oversight is not equal to regulation. It seems you and Bush have just created socialism for the rich and now want to make it look like you're doing something. Smoke and mirrors McCain.

Emma   September 22nd, 2008 10:29 am ET

Oops $100M, who knows how much she is worth. They have nine houses and 13 cars!

rusty   September 22nd, 2008 10:29 am ET

THAT'S WHAT I'M TALKING ABOUT, LEADERSHIP !!
GO MCCAIN !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

OHIO for Obama/Biden   September 22nd, 2008 10:28 am ET

yeah yeah we will surely rebound without you as President. MCain was in the house committe on commerse for over 2 decades and he couldnt see anything wrong and now wana be in the presidency? if there is anything fundamentaly true? Its you cant see anything wrong with this economy.

Sara Lying has all the bush policy advisers advicing and teaching her domestic, foreign policies and economy...what do Americans expect from same set of people that got us to this point..?

If you dont belive me go to fact check.org

andrew   September 22nd, 2008 10:28 am ET

All hail the Flip Flop King. Has he been right on anything?

Emma   September 22nd, 2008 10:28 am ET

McCain is a loser! He flip flop when it is convenient for him and his DOES NOT HAVE AN ECONOMIC VISION.

Why didn't he add his wife to the commission, after all isn't she worth at a minimum $100B?

JD in Moraga, CA   September 22nd, 2008 10:26 am ET

Those comments appear at odds with the Arizona senator's initial reaction to the collapse of investment bank Lehman Brothers one week ago when he declared the fundamentals of the economy remained "strong."

...yes, but he will "clarify" his position several times today so it's probably premature to put too much weight on the statement...

Voters in this election don't need campaigns to send us flip-flops – we need hip-boots.

fixthebroken   September 22nd, 2008 10:26 am ET

OK, McCain supporters, defend your boy here.

Ha. McCain wants more "oversight" - he cannot even bring himself to say the word "regulation", huh?

Here is the real problem. The American electorate has a short term memory. Many people will believe that McCain has been for "oversight" throughout his career because he says so right now. They won't do their research and figure out that McCain is flip-flopping like a fish out of water trying to pander to everyone for votes.

McCain was principled at some point. I voted for him in the 2000 primary. Ron Paul, where are you? We need you now.

Micheal shoemac   September 22nd, 2008 10:25 am ET

WOW now he wants Stronger oversight

How can people actually say that they will vote for this MAN

WOW

hakeemsdad, Florida   September 22nd, 2008 10:25 am ET

By the way, economy is still very strong nothing to worry about it!
McPain and Paaaleeeen

indy chris   September 22nd, 2008 10:23 am ET

hmmmm, so mccain is now running as barack obama. I think I'll just skip the middle man and vote for barack obama.

V Obama   September 22nd, 2008 10:22 am ET

We don't need you Hillary supporters now, we have the momentum. Obama will win without you!!!

Obama '08, '12

GARY   September 22nd, 2008 10:22 am ET

OBAMA IS A LOOSE CANNON FOR THIS COUNTRY. AMERICA WILL BE MAKING THE WORST MISTAKE ELECTING A GREENHORN WITH A FOLLOWING OF HATERS. THEY THREATENED RACE WARS IF HE DONT WIN. BRING IT ON. THATS THE CHANGES OBAMA HAS BROUGHT HATE,DIVISION ,AND RACIST. OBAMA TALKS CHANGE ,BUT PUTSN US BACK IN TIME 100 YRS. OR MORE. MCCAIN PICKS A VP. AWAY FROM WASHINGTON AND A FEMALE AT THAT. NOW THATS REAL CHANGE. OBAMA PICKS OLD POLITICS IN BIDEN FROM WASHINGTON AND ALSO VOTED FOR WAR HE TRASHED HIS OWN CANIDATE HRC ABOUT. OBAMA IS JUST BIAS AND HUNG UP ON HIMSELF. MCCAIN/PALIN COUNTRY FIRST THAN REFORM.

Comments have been closed for this article

subscribe RSS Icon
About The Ticker

The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com.

CNN=Politics Screensaver

CNN=Politics ScreensaverTap into the power of The Situation Room. Download this powerful new tool that keeps you posted on the latest political news from the campaign trail.
Download (4.1 MB, PC only)

twitter
@wolfblitzercnn: Trifecta -- NOT. My Redskins, Bills and Packers all lose this weekend. Very sad.
Updated: Mon, 21 Dec 2009 20:40:09 -0800
@HornickCNN: RT @andersoncooper: Interactive: The top 10 Health-Care-Reform Players http://bit.ly/6C3OlX
Updated: Mon, 21 Dec 2009 19:47:50 -0800
@HornickCNN: RT @cnn_oppmann: CNN.com: Mexico City approves same-sex marriage. http://bit.ly/5RyMnk #mexico
Updated: Mon, 21 Dec 2009 19:46:26 -0800
@HornickCNN: Rudy's reportedly not running for NY SEN or Gov ...
Updated: Mon, 21 Dec 2009 19:43:48 -0800
@wolfblitzercnn: Redskins-Giants always exciting. Both teams have a lot to prove. And Giants can still salvage playoffs. Skins just need a win.
Updated: Mon, 21 Dec 2009 17:19:36 -0800
Categories
Powered by WordPress.com VIP