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

McCain vows to reform Wall Street

[cnn-photo-caption image= caption="McCain is vowing to reform Wall Street in a new ad."]

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

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

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

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

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

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

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

    so he's finally accepted that there's a problem with the economy? how nice of him, but how the heck is he going to do anything when he has accepted that he doesnt know much about the economy? and how on earth is Palin supposed to help reform Wall Street? do they take Americans to be idiots??
    he should have picked Romney if he wanted us to believe he could reform wall street.

    September 15, 2008 10:42 am at 10:42 am |
  2. Rob

    and how is he going to do that using that idiot Palin ? dream on old man..wall street won't be fooled by your lies,,you've ben in Govern ment for 26 years–if you couldn't do it then , when ? in your next lifetime.Move on !

    September 15, 2008 10:42 am at 10:42 am |
  3. ChrisP

    One word, John McCain ... "HOW???" ... You already admit that the economy is your weakspot ... and it's all about the economy!!!

    We need a 21st century solution – and the leadership and integrity of
    the Obama/Biden administration!!

    Obama/Biden '08/12

    September 15, 2008 10:42 am at 10:42 am |
  4. Curtis in NC

    Another lie John please just stop talking. The truth is John McCain you do n't know what reform is. By the way John most of my family lives in Canada and they are scared to death what a McCain/Palin ticket will affect Canada.

    September 15, 2008 10:42 am at 10:42 am |
  5. Rob

    oops edit –

    McCain again said this very morning that the economy is fundamentally sound – too bad he isn't.

    September 15, 2008 10:42 am at 10:42 am |
  6. Internet Argument Winner

    I'm sure they'll clean up, I bet Todd is already working on a "you're fired" phone list, hes on page 237 as of this morning I heard.

    September 15, 2008 10:42 am at 10:42 am |
  7. joe

    Never again . No more George Bush. McCain is another Bush. No McBush. GO Obama/Biden 08&12

    September 15, 2008 10:43 am at 10:43 am |
  8. Diane

    Mr. Keith Cornelius, the DEMOCRATIC CONTROLLED CONGRESS has ONLY been in there for the past year and a half. Whereas the REPUBLICAN CONTROLLED WHITE HOUSE and CONGRESS has in there for the past 8 years. People will believe anything they're fed. We are in a crisis, our country is in crisis, life as we know is in crisis and we didn't get here in two years. Wake up people!

    September 15, 2008 10:43 am at 10:43 am |
  9. Candy West Virginia

    Great mccain, you didn't do it while you were a senator for 25 years and we are supposed to believe you will do it now??? Give me a break. Stop lying to us and pandaring. You know nothing about economics according to your own lips and yet you wanna fix wall street. I DON"T THINK SO.
    mccain/palin = pathological liars

    September 15, 2008 10:43 am at 10:43 am |
  10. Independent-Latina-for-OBAMA

    Interesting comment from "Keith COrnelius" ........since the REPUBLICANS have been in power fro TWELVE years! And McCain for 26 YEARS!

    The problems with Wall Street DID NOT start today, or TWO years ago! They have been going on for a while.

    I don't see how McCain who claims to know nothing about the economy, and a soccer-mom can help turn our Nation's economy around?!

    Another day........ another new ad by the GOP-propaganda-lie-hate-and-fear-mongers!

    I am hoping AND praying that this time we, the American, people will not fall for their lies and misinformation!

    Are we not sick and tired of politics as usual?

    How about the Bush/Cheney legacy?


    $1.38 BILLION....SPENT .......A .........DAY.......IN IRAQ!

    $490 BILLION ........DEFICIT........FOR THE FIRST QUARTER OF 2009!


    September 15, 2008 10:43 am at 10:43 am |

    JOHN YOU ARE THE MAN!!!!!!!!!!!!!!!!!!!!!!!!

    AS A CONSERVATIVE IN NYC ...................I HAVE GREAT NEWS......NYS IS NOW IN PLAY!!!!!!!!!!!!!!!!!!!


    MY VOTE WILL ACTUALLY MATTER!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    YEA BABY!!!!!!!!!!!!!

    September 15, 2008 10:43 am at 10:43 am |
  12. NoMcSame

    What can you do McSame. you don't even own your own house. You claim that they all belong to your wife so how can you know enough to do anything on Wall Street. Go tell that crap to Palin and the rest of the fools that follow you.

    September 15, 2008 10:43 am at 10:43 am |
  13. TexicoFrom Mexico


    September 15, 2008 10:44 am at 10:44 am |
  14. Michael

    Bush and his policies have lead here. McBush has voted in lock step with the Bush policies over ninty percent of the time and bragged about it. McBush is the problem, not the solution.

    September 15, 2008 10:44 am at 10:44 am |
  15. NoMoreEvil

    Maybe Cindy Mcain will donate her wardrobe to save Wall Street.

    September 15, 2008 10:44 am at 10:44 am |
  16. R

    the reason we're in this is because of the war. We spend so much into the war that the gov't couldn't help Lehman. So McCain, you support Bush, and still wants to be in this nonsense war. Can you tell me exactly how is this you who can only fix this?

    September 15, 2008 10:44 am at 10:44 am |
  17. femi

    Mccain just reponded to why he cannot use a computer this centruty. His reason: THE VIETNAM WAR ! God bless his heart:

    Mccain moves around because he was a POW
    Mccain does not know the number of houses he has because he was once a POW
    mccain does not want a debate about the uninsured because there was a time he could not afford one....when he was a POW
    now he cant use a computer because he was a POW?

    common mccain, its been years now....dont milk out this POW to insanity!

    September 15, 2008 10:44 am at 10:44 am |
  18. Mccain Palin=Bush

    Mcbush is a Liar how can he reform anything when his campaign is full of Lobbyist He can not be serious the Lies Just Keep coming from His campaign and it is People on this Blog that like to get lied to By the Mcbush campaign that is some of the same People that think Bush is doing a Good Job? Obama Biden is the Only choice in this Election

    September 15, 2008 10:44 am at 10:44 am |
  19. linda from South Dakota

    mccain couldnt reform wall street ,, he has not idea whats invovled,, he talks lies and smiles about it,,,, this man really needs help like palin,, he will do anything to get what he wants,, and i vow,, he nor palin will never get my vote,,,, i have had enough og the mccasame crap,,, its time americans stand up and and vote for someone who will REALLy change american for the better,, remember folks,, MCCAIN HAS VOTED 90% OF THE TIME WITH BUSH,, THATS WITH BUS. is this what you want,, ?? i sure dont,, my vote still goes to obama/biden 08 and beyond

    September 15, 2008 10:44 am at 10:44 am |
  20. Surprised! (not!)

    What a lie! McCain knows nothing about fixing an economy- he said so himself.

    September 15, 2008 10:45 am at 10:45 am |
  21. Will from NYC

    ok Mr McCain... HOW? since you and your vp have no national economic experience... will you call on Bush Admin advisers and lobbyists???

    More of Same McCain.
    No Way No How No McCain-Palin.

    September 15, 2008 10:45 am at 10:45 am |
  22. Unempressed

    Doesn't he have like 83 or 123 lobbyists in his campaign? That's NOT "reform"

    Get rid of earmarks but keep lobbyists which actually have a MUCH larger impact on our economy? NO THANKS!

    September 15, 2008 10:45 am at 10:45 am |
  23. Meg In RVA

    Last I checked, McCain didn't even think the economy was in crisis. How has that suddenly changed in your eyes, Senator?

    September 15, 2008 10:45 am at 10:45 am |
  24. Z


    YOU were in Washington for 25 haven't lifted a single finger to stop these types of things from happening.

    Shame on you John.

    September 15, 2008 10:45 am at 10:45 am |
  25. Alex

    Why don't people see right through this guy. Republicans fixing wall street, when their half of their campaign is ran by lobbyists. It is some kind of joke....seriously.

    September 15, 2008 10:45 am at 10:45 am |
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