McCain Drops 'Main Street' Stimulus, Follows Obama's Lead On Taxpayer Protections

McCain Drops 'Main Street' Stimulus, Follows Obama's Lead On Taxpayer Protections

Huffington Post | Jed Lewison | September 23, 2008 05:02 PM


This afternoon, John McCain gave his first press conference in nearly six weeks, answering only a few questions and totally punting on the most important issue facing the country: the need to help average American families hit hard by the economy.

On the bailout package, McCain said that he thinks a bailout must be must be enacted soon, warning of dire consequences if Congress fails to act.

On the question of whether taxpayers must be protected and whether there must be oversight, McCain adopted the key points of Barack Obama's plan.

Unlike Obama, however, McCain offered no plan to put in place new regulations that would prevent a crisis like this from ever happening again.

The Obama campaign took McCain to task for his baseless attacks on Obama's response to the financial crisis.

"Contrary to the lies told by the McCain campaign, it was John McCain who followed Senator Obama's lead in laying out principles that call for strict oversight and accountability, protecting taxpayers, and cracking down on CEO pay. We only wish he had adopted those same principles over the last 26 years rather than cheerleading for the deregulation agenda that helped produce today's crisis and repeatedly opposing limitations on the obscene compensation given to failed CEOs," said Obama-Biden spokesman Hari Sevugan.

more...

http://www.huffingtonpost.com/2008/09/23/mccain-drops-main-street_n_128715.html

I honestly think there is a good chance we may see a McCain eruption Friday night.