Here is a look at McCain’s back-and-forth on regulation during the last 24 hours:
- Deregulation: McCain issued a statement Monday morning saying that “we cannot tolerate a system that handicaps our markets and our banks.”
- Regulation: McCain’s campaign then put out an ad calling for “tougher rules on Wall Street.”
- Deregulation: This morning, on NBC’s Today Show, McCain said, “Of course, I don’t like excessive and unnecessary government regulation.”
- Regulation: Then, on CBS’s The Early Show, McCain said, “Do I believe in excess government regulation? Yes.”
- Both: On CNBC’s Squawk Box, McCain said, “We don’t want to burden average citizens with over-regulation and government bureaucracy...And I’m proud to be a Teddy Roosevelt Republican, who said, ‘unfettered capitalism leads to corruption,’ and we’ve got to fix this.”
This gets back to McCain's dependency on fiscal advisors that call Americans whiners (Phil Gramm, the architect of McCain's deregulation scheme) and exaggerators (Donald Luskin), and, more importantly, that McCain doesn't know what he's talking about when it comes to the economy ("Economy is not my strong point.")
Which he's just demonstrated. Again.
He makes 'Multiple Positions Mitt Romney' look like a piker here......................
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