McCain’s Pro-Deregulation History Exposed: “I am a deregulator. I believe in deregulation.”

[Emit]

Here's an excellent source for those who may need it. Spread it far and wide. ;) I just emailed it to AFA.

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John McCain: The Deregulator

I don’t think anyone who wants to increase the burden of government regulation and higher taxes has any real understanding of economics and the economy and what is needed in order to ensure the future of this country.”
– John McCain (McCain Town Hall in Inez, Kentucky, 4/23/08)

McCain Is An Avid Supporter Of Lax Rules For Financial Institutions
McCain Supported A Banking Bill Because It Eliminated “The Tremendous Regulatory Burden Imposed On Financial Institutions.” While speaking in favor of bank deregulation on the floor of the senate, John McCain said, “This legislation takes a small but important step toward eliminating the tremendous regulatory burden imposed on financial institutions… One principal reason banks are unable to make loans is the bewildering array of statutory and regulatory restrictions and paperwork requirements imposed by Congress and the regulatory agencies. While a case can certainly be made that every law and regulation is intended to serve a laudable purpose, the aggregate effect of the rapidly increasing regulatory burden imposed on banks is to cause them to devote substantial time, energy and money to compliance rather than meeting the credit needs of the community.” (Congressional Record, 11/19/93; emphasis added)

McCain Supported A Bill To “Takes A Small Step Forward Toward Eliminating Unnecessary Regulatory Burdens Imposed On Banks.” While speaking in favor of bank deregulation on the floor of the senate, John McCain said, “While a case can certainly be made that every law and regulation is intended to serve a laudable purpose, the aggregate effect of the rapidly increasing regulatory burden imposed on banks is to cause them to devote substantial time, energy and money to compliance rather than meeting the credit needs of the community … This bill recognizes this fact, and takes a small step forward toward eliminating unnecessary regulatory burdens imposed on banks.” (Congressional Record, 11/19/93; emphasis added)

McCain Said The Best Thing Government Can Do For Business Is “Stay Out Of Its Way.” While speaking about the American Competitiveness in the Twenty-First Century Act on the floor on the Senate in 2000, John McCain said, “I am convinced that the best thing government can often do to advance the fortunes of the private sector is to stay out of its way. I support this bill because it makes progress toward that end, by improving companies’ flexibility to hire the talent they need, while providing for the regulatory framework and new educational opportunities to protect and promote American workers.” (Congressional Record, 10/3/00; emphasis added)

In 1999, McCain Supported Phil Gramm’s Banking Deregulation Bill. In 1999, John McCain voted for passage of the Senate version of a bill that would eliminate current barriers erected by the 1933 Glass-Steagall Act and other laws that impede affiliations between banking, securities, insurance and other firms. The bill also would exempt small, non-urban banks from the 1977 Community Reinvestment Act (CRA), revise the Federal Home Loan Bank system and require that owners of automated teller machines (ATMs) provide notice on the ATM and on-screen of any charges imposed for the use of the terminal. The bill passed 54-44. (S. 900, Vote #105, 5/6/99)

McCain Missed The Vote For Final Passage Because He Was Campaigning In New Hampshire. John McCain missed the final vote on Phil Gramm’s banking deregulation bill because he was campaigning in New Hampshire. (NPR, “Morning Edition,” 11/5/99; S. 900, Vote #354, 11/4/99)

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McCain Is Long-Time Supporter Of Deregulation
McCain: “I Am A Deregulator. I Believe In Deregulation.” While speaking about the cable and satellite television during an appearance on CNN’s “On the Money,” John McCain said, “I am a deregulator. I believe in deregulation.” (CNN, “In the Money,” 7/13/03)

McCain: “The Basic Core Principles Of The Republican Party… Less Government Is Best Government, Less Regulation.” When asked how the Republican Party can recover after the losses in the 2006 election, John McCain said, “By returning to the basic core principles of the Republican Party, very careful stewardship of tax dollars, less government is best government, less regulation, lower taxes, strong national defense, community and family values.” (CNN, “CNN Newsroom,” 11/8/06)

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Entire list here: http://globalinvestmentwatch.com/2008/09/19/mccains-pro-deregulation-history-now-a-major-liability-in-the-presidential-race/

[Double T]

1. mcsame is very last thing this country needs in a financial crisis.

STOP the bushit!

[Emit]

2. KICK!

[Emit]

3. Another reminder

as I head off