John and Sarah on the Stump
This is getting out of control. First, Sarah Palin says “Washington was asleep at the switch” when it came to the Wall Street disaster. Then McCain repeats the same exact statement.
John McCain was chairman of the Commerce Committee in the U.S. Senate. He was one of the leading advocates for deregulation of the big banks and investment houses. Phil Gramm, the author of his economic plan, pushed through Gramm-Leach-Bliley with McCain’s help. That, and other deregulation encouragement of risky loans, led to this collapse.
Pardon me, John, you weren’t a critic of these “Washington acts” — you were at the switch. In fact, you were pulling the switch.
Do these two candidates and their campaigns really believe that they can get away with this “I am on your side” nonsense? They are the change agents?
This gives a whole new meaning to “the fox guarding the chicken coop.”
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