McCain Rips Wall Street. Wall Street Journal Rips McCain
EmailThe editorial pages of the Wall Street Journal is usually a sympathetic space for a Republican presidential candidate. Not this morning. The Journal writes a tough editorial criticizing John McCain’s "populist" message during the economic crisis this week. McCain has been slamming what he calls "corruption" on Wall Street. The WSJ writes: "One whiff from Barack Obama about "the mountain in Sedona where he lives," and by day’s end Senator McCain was ranting about "corruption" and how he was going to "reform the way that Wall Street does business." Yesterday Senator McCain’s inner populist had cooled enough to admit the existence of "honest people on Wall Street," but it still sounded as if this week’s version of the McCain Presidency would be more about restructuring private financial markets he doesn’t understand than fixing the Washington he knows."
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OUCH!
Posted by: Mary | September 17, 2008, 10:31 am 10:31 am
mccain spends his entire washington career helping deregulate banks and now we, the taxpayers, are bailing them out by the tens of billions of dollars… and mccain all of a sudden is on our side?… here is a fake politician if i’ve ever seen one… claims to be a maverick but votes with George Bush over 90% of the time, then picks a born-again soccer mom in the middle of a huge scandal for the VP slot… someone he met ONCE!
Posted by: earthisnotflat | September 17, 2008, 10:40 am 10:40 am
This article only proves that Wall Street believes McCain will be our next President … yeah, McCain!!
Posted by: Francisco Cardenas | September 17, 2008, 10:42 am 10:42 am
McCain doesn’t understand things, that is his problem. He wants to do thing but he does not have the intellectual ability to do so because of his age and very low IQ. McCain is a real hero who wants to serve, unfortunately the US presidency is not about a good heart or a willingness to serve, but an ability to understand things and an knowledge and capacity to graps complicated things and solve them, he does not have that ability or capacity. It is pitty but that is the bottom line.
Posted by: BKMC | September 17, 2008, 10:46 am 10:46 am
It’s kind of scary. We could go from one moron to another. Quick, someone show me the cliff that we are headed over. Since America is a democracy it appears we will all go over together. Third world status here we come. Is this a race thing that we can’t get over, even to the detriment of our entire country our way of life. Our forefathers must be turning in their graves. They gave us so much and look what we have done with it. I truly hope our children don’t condemn us also. Pathetic!
Posted by: CMSgt Gary Preston | September 17, 2008, 10:54 am 10:54 am
McCain’s campaign seeks the lowest common denominator, because it works better in sound bytes. That’s why it’s easier to say, “I’m going to clean up Wall Street”, rather than put forward some specific reform suggestions.
Posted by: SET | September 17, 2008, 10:58 am 10:58 am
McCain’s choice of Sarah Palin highlighted his poor judgment. His selling out to the religious right highlighted his lack of principle. And now McCain’s statements about the economic crisis highlight his lack of intelligence. I agree with BKMC. We need a president who can understand and help solve the problems facing us. The past eight years have shown what happens when the president lacks the brains to do the job.
Posted by: Katia | September 17, 2008, 11:03 am 11:03 am
McCain graduated at the bottom of his class. This spring he was preaching ‘too much oversight’ of the financial markets.
One thing we have learned about John “Bush-tax-cut-was-unconscienceable-before-I-supported-it” McCain is that just isn’t smart enough to understand the consequences of his policies.
Posted by: John McCain's conscience | September 17, 2008, 11:03 am 11:03 am
Francisco Cardenas,
You know why we I like people like you?
Its because you open your mouth before you think. I am sure that you did not read the entire WSJ. If you did you would not have made the comment that the article suggests that McCain will win.
I feel so sorry for those of us in the middle class – a class that is fast disappearing. Isn’t it now obvious from the reactions of both candidates that one gets it and the other doesn’t? Isn’t it obvious that the GOP economic philosophy of an unregulated free market is NOT in the interest of majority of American?
I just wonder what has happened to common sense in this country
Posted by: Ro | September 17, 2008, 11:04 am 11:04 am
Vote to keep Senator McCain’s hand off America’s finances.
Obama/Biden ’08
Posted by: newz4i | September 17, 2008, 11:18 am 11:18 am
McCain said the regulatory scheme dates from the thirties (true but there have been many changes). He has always been in favor minimal regulation or deregulation which can cause all sorts of problems as in the savings and loan fiasco which included the problems with Charles Keating. This is another conversion of convenience or flip flop and probably won’t be his last.
Posted by: bhciapol | September 17, 2008, 11:39 am 11:39 am
And to think Ron Paul was correct all along. What an election scam.
Posted by: Huh | September 17, 2008, 11:41 am 11:41 am
ATTN: Republican Leaders
Your candidate suggested yesterday that the federal government should regulate “executive compensation”! Even Obama would not go that far. Maybe you should rethink your support.
Posted by: R. Wood | September 17, 2008, 3:04 pm 3:04 pm
Ro,
Commonsense went out a long time ago. You’re right about the disappearing middle class. The middle class only exists to pay for the excesses of the gougers (like Congress) and the habits of the welfare class. When we disappear, I don’t know who pays for these things. Maybe we’ll finally have a war over it. It’s brewing.
Posted by: midwestlady | September 17, 2008, 11:58 pm 11:58 pm