The Hypocrisy of McCainomics

Meredith Vieira takes McCain to task for blaming the current economic crisis on CEO "fat cats" and the corruption in Washington, when Carly Fiorina, the face of the McCain economic team got a $45 million golden parachute as her company laid off 20,000 workers.



And this was yesterday:



(H/T: Think Progress)

Johnny Come Lately

From The Washington Post:

A decade ago, Sen. John McCain embraced legislation to broadly deregulate the banking and insurance industries, helping to sweep aside a thicket of rules established over decades in favor of a less restricted financial marketplace that proponents said would result in greater economic growth.

Now, as the Bush administration scrambles to prevent the collapse of the American International Group (AIG), the nation's largest insurance company, and stabilize a tumultuous Wall Street, the Republican presidential nominee is scrambling to recast himself as a champion of regulation to end "reckless conduct, corruption and unbridled greed" on Wall Street. (emphasis added)