McCain calls for ?less government regulation? of small businesses.
Posted in Main Blog (All Posts) on October 26th, 2008 4:32 am by HL
McCain calls for ?less government regulation? of small businesses.
When several of Wall Street’s giant banks collapsed in September, Sen. John McCain (R-AZ) scrambled “to recast himself as a champion of regulation” in order to erase his past support of legislation “to broadly deregulate the banking and insurance industries helping to sweep aside a thicket of rules established over decades.” But McCain has had […]
When several of Wall Street’s giant banks collapsed in September, Sen. John McCain (R-AZ) scrambled “to recast himself as a champion of regulation” in order to erase his past support of legislation “to broadly deregulate the banking and insurance industries helping to sweep aside a thicket of rules established over decades.” But McCain has had a tough time sticking with his new pro-regulation message. After meeting with small business owners in Colorado yesterday, McCain released a statement emphasizing the need for “less government regulation of their business.” Politico’s Lisa Lerer notes that this is “a dangerous message in the midst of a market meltdown many have blamed on a lack of regulation on Wall Street.”
