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Sunday, September 21, 2008

McCain: 'Cheerleader for a Team of Arsonists'

Austan Goolsbee describes John "I'm always for less regulation" McCain's about-face on regulation about as succinctly as I can imagine (h/t Economists for Obama):

It’s good Senator McCain has suddenly become a champion of financial oversight and regulatory oversight. He, George Bush, Phil Gramm, and their crew have been about burning down the rules of the road and trying to deregulate the financial environment. It’s a little strange for a guy who was cheerleader for a team of arsonists to now be coming forward and saying he’d be a great fire department chief.