Wednesday, September 17


LA Times - John McCain may not be a BlackBerry user. But one of his aides was ready to give the Republican presidential nominee credit for one of the technological marvels of the modern age. In a comment that brought to mind the 2000 presidential campaign flap over whether Al Gore had invented the Internet, McCain's senior policy advisor said the candidate was responsible for the BlackBerry. Douglas Holtz-Eakin held up his little device to show reporters in Miami as he sought to explain why McCain was qualified to lead the nation out of its economic morass. "He did this," Holtz-Eakin said. "The premier innovation in the past 15 years comes right from the commerce committee. So, you're looking at the miracle that John McCain helped create." McCain is a veteran member of the Senate Committee on Commerce, Science & Transportation, which oversees telecommunication as well as aviation, trade and other economic sectors. He headed the panel from 1997 to 2001 and in 2003-04. He both regulated and deregulated that industry," Holtz-Eakin said. McCain, however, has not focused on telecom, has never chaired the telecommunications subcommittee and was one of only two senators to vote against a sweeping telecom deregulation bill in 1996.

LA Times
- A day after he dismissed a federal bailout for American International Group Inc., Republican John McCain announced that circumstances had forced him to shift his position and that he supported the proposed $85-billion rescue of the insurance giant. McCain, who in recent days has slammed what he called Wall Street greed and corruption for causing the latest downward spiral of the stock market, said he had to change his position to protect millions of Americans who could be hurt if the financial company was forced to seek bankruptcy protection. "The government was forced to commit $85 billion," McCain said in a statement. "These actions stem from failed regulation, reckless management and a casino culture on Wall Street that has crippled one of the most important companies in America."

Think Progress - Sen. John McCain (R-AZ) appeared on all six broadcast and cable morning news shows in an attempt to defend his misguided belief that the "fundamentals of our economy are strong." In discussing the causes of and solutions to the current economic crisis, McCain appeared to flip-flop - in less than an hour - on the role and effectiveness of government regulation.

On NBC’s Today Show, McCain told Matt Lauer: "Of course I don’t like excessive and unnecessary regu - uh, government regulation."

But on CBS’s Early Show, McCain told Harry Smith: "Do I believe in excess government regulation? Yes. But this patchwork quilt of regulating bodies was designed for the 1930s when they were invented."

Political Wire - McCain adviser Carly Fiorina "is facing criticism from some within the campaign" for her comments stating that "neither member of the Republican ticket would be capable of running a company," CNN reports. Said a top campaign adviser: "Carly will now disappear. Senator McCain was furious. . . "Fiorina was booked for several TV interviews over the next few days, including one on CNN. Those interviews have been canceled."

TMZ - John McCain has weighed in over Barack Obama's reported slap in the face to Lindsay Lohan. The Chicago Sun-Times quotes an unnamed high-level Barack source who says they rejected Lohan's offer to host an event because she "is not exactly the kind of high-profile star who would be a positive for us." Tucker Bounds, a spokesman for the McCain campaign tells TMZ, "So let me get this straight -- they turned away Lindsay Lohan, but Barack Obama has friends like unrepentant terrorist Bill Ayers and convicted felon Tony Rezko? Maybe LiLo is just too upstanding for Barack Obama."

Political Wire - "Two years ago, I warned that the oversight of Fannie and Freddie was terrible, that we were facing a crisis because of it, or certainly a serious problem." - Sen. John McCain, in an interview today via ABC News. . . "So, I'd like to tell you that I did anticipate it, but I have to give you straight talk, I did not." - McCain, in an interview with Keene Sentinel on the mortgage crisis in December 2007.


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