McCain Financial Crisis Flip Flops - ABC News on

CHARLIE GIBSON: And with apologies for our technical difficulties, we're going to turn back to the difficult economy, and the way the presidential candidates are dealing with it, particularly John McCain. Here's David Wright.

DAVID WRIGHT: John McCain was against the government bailout of AIG, before he was reluctantly for it. Here he was yesterday on "Today."

JOHN MCCAIN: We cannot bail AIG or anybody else. We have to work through it.

WRIGHT: Asked about the same topic today on "Good Morning America" -

MCCAIN: I don't think anybody I know wanted to do that. But there are literally millions of people whose retirement, whose investments, whose insurance were at risk here. And they were going to have their lives destroyed.

WRIGHT: Senator McCain appears to have changed his tune on regulation in a fundamental way. Today on the stump, he's a champion of reigning in Wall Street with tough regulations.

MCCAIN: We're going to put an end to the reckless conduct, corruption and greed that have caused a crisis on Wall Street.

WRIGHT: But for more than 25 years in the Senate, McCain has fashioned himself as a champion of smaller government, less regulation.

MCCAIN: I am less government, less regulation, lower taxes, et cetera.

Category:

News & Politics

Tags:

• John
• McCain
• Lehman
• Brothers
• Financial
• Crisis
• Flip
• Flop

[StraightShooter01]

Flavor of the month: John McCain -

my God America - if you vote McCain into office, after EVERYTHING these Republicans have done to YOU and the REST of America -

YOU DESERVE EVERYTHING YOU GET!

[sandarge]

I am not a Democrat, but it scares me to vote for McCain, I don't think he is smart enough to lead the country in this tough time.

[XxBubbleButxX]

no leas lo q sigue porq a mi ya me jugaron sta, losiento pro s d corazon no lo leas,

el 13 de octubre de 1991 un niño lamado nick se tiro de un puente devido a problemas familiares

si ya leiste esto deves copiar y pegar

en otros 5 videos mas o si no

nick vendra por toda tu familia

si lla los as leido copia y pega esto en 5 videos mas o tu madre morirá en 3 dias, hacedlo por fabor mi a mi amigo le paso, yo lo e hecho pa que no me pase, por fabor acedme caso. esto es una maldicioooooon

[vincentlafew]

Does every one have amnesia? The last democratic president was as far right as the rest.  I understand how horrible these last eight years have been but with uncritical backing of President Obama, he has no reason to go against powerful lobby interests.

[wodanowitz]

McCain:

I will do every thing you wish, till I got president. (Then I do what I want)

[SnowmanShadow]

thats what im talking about!!!!!

[borlocomix]

damn you!!! that was the first time ever i got rick rolled!!!!!

good one :p

[ironsheik008]

cbs breaking news corpse of vampire found in texas funeral home.

/watch?v=H7GnVJ4hcBk

[aaronbroadcast2008]

To have a better understanding of what caused the financial crisis and how we can remedy it please read a post titled "Why is the United States undergoing a political and Financial Crisis?" and watch the third video down labeled "The Money Masters" at:

The Art Dept Chronicles at blogspot.

[bugsybeetle10]

You are all idiots if you think these clips are correctly showing his position. Charlie is telling you partial truths with partial clips to reinforce his distortion. He is against bigger government and is for deregulation in many areas. Senator McCain was against the high risk mortgages that the democrats forced on the mortgage companies to take. It dates back to President Carter. The democrats are the ones that caused the financial crisis we are in. Learn your facts morons.

[HillaryfansforBarack]

No Way, No How, No McSame!