The Circular Talk Express

This is from Sunday's news. (http://news.yahoo.com/s/ap/20080921/ap_on_el_pr/financial_meltdown_candidates_1)
The audacious double-talk and flip flopping simply HAD to be called out.
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McCain, the Republican presidential nominee, has long supported fewer regulations for businesses. But as the financial crisis on Wall Street worsens, McCain is calling for more government.

McCain was asked if he regretted supporting a 1999 law that removed barriers between investment banks and commercial banks that were erected in 1933, in response to the 1929 stock market crash.

(so he is all for deregulation until it has sent the country into economic crises ... THEN he wants to try and regulate it. Swell.)

"No," McCain said. "I think the deregulation was probably helpful to the growth of our economy."

(if by "growth" he means "destruction" then he is spot on)

In the same interview, McCain defended the Bush administration's proposed bailout of financial firms as necessary, though he acknowledged it could get expensive.

(deregulate to make the CEO's rich ... then have the government bail their companies out at taxpayer expense. THAT is a TAX INCREASE.)

Former Sen. Phil Gramm, one of McCain's economic advisers, was a chief sponsor of the 1999 bill that removed restrictions on investment and commercial banks.

(Why would we want to continue to let the people who have run our economy into the rocks ... steer the ship of state?
Doing the same thing over and over while expecting different results is one definition of insanity.)