Wednesday, September 24, 2008

McCain's Free Lunch

Sam Stein on Huff Post
McCain, in his 26 years in Congress has been a strict champion of deregulation. As [Stein's colleague] Nico Pitney reported: Back in October 1999, when Senate Republicans led by Phil Gramm were deep in negotiations on key legislation to deregulate the banking industry, McCain was at a primary debate in New Hampshire touting the benefits of such a measure.
"There's a number of reasons why we are experiencing this almost unprecedented prosperity," McCain said back then. "Among them are a lack of regulation, free trade, and most importantly, we are going through a revolution the likes of which the world has seldom seen."

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