SavingsAndLoanScandal

Fundamentally McCain

As the stock market continues its plunge over the failure of Merrill Lynch, Lehman Brothers, and AIG, "Hardball" reminds us that, until yesterday afternoon, John McCain believed that the "fundamentals of our economy" were strong. Though the writing has been on the wall for months, if not years, McCain clung to his old positions as if they were "fundamental" truths. Now that McCain has changed his tune, and has offered the vague promise to "clean up Wall Street," it's worth remembering that over the past twenty years, almost no one has advocated policies of deregulation more than McCain. And it ...

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