McCaint: "Wall Street is the villain" - Oil companies should be "shamed" into passing on profits

[jefferson_dem]

McCain: 'Wall Street Is The Villain'
Share July 27, 2008 1:28 PM

ABC News' Mary Bruce reports: Sen. John McCain, R-Ariz., blamed Wall Street this weekend for the failing economy. "I think that Wall Street is the villain in the things that happened in the subprime lending crisis and other areas where investigations and possible prosecution is going on," McCain said in an exclusive "This Week" interview with George Stephanopoulos.

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McCain agreed with Sen. Barack Obama, D-Ill., supporter Robert Reich who, along with Republican columnist George Will, has proposed that executives at institutions receiving government guarantees should receive government salaries. "That's exactly right," McCain said. As Reich explained to Newsweek, "Surely there will be more failures or near failures of financial institutions in the coming months, and American taxpayers will once again be called on to insure their solvency. The important question is what conditions should be applied?"

"We could go out and ask people -- the smartest people in America, maybe somebody like Jack Welch or John Chambers or Meg Whitman, people like that -- and say, 'come and take over and do it for $1 a year.' They’d be willing to do that," McCain said.

McCain also agreed with Reich that the government should "absolutely" get stock of the private organizations in such instances so that taxpayers can benefit.

On controlling energy costs, McCain highlighted his continued belief that consumers would benefit from a gas tax holiday, despite opposition from economists. When asked about concerns that oil and gas companies would reap the benefit, he said, "We wouldn’t let it happen ... Americans wouldn’t let them absorb that." When pressed further about how he would prevent it, McCain explained, "We would make them shamed into it. We, of course, know how to -- American public opinion. And we would penalize them, if necessary."

http://blogs.abcnews.com/politicalradar/2008/07/mccain-wall-str.html

[babylonsister]

1. He's blasting oil companies on the one hand, taking their donations

with the other:

"This is a case study of how a candidate can change a policy position in the interest of raising money."

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=132&topic_id=6546292&mesg_id=6546292

Oil's well: McCain campaign's 'gusher'
Senator struck gusher in oil money, campaign says drilling policy unrelated.
A

[jefferson_dem]

2. He's such a lying "say anything" sack of shit.

It's past tme the media do their job and call him out.

[nc4bo]

3. ok.

My brain froze when I read this. All thought processes stopped cold.

This man is a pathological liar. He's stark raving mad. I can't believe......... oh never. mind!!!!

:wtf: