I just don’t think there is a counter out there robust enough to keep up with the sheer volume of lies coming from the McCain campaign.  It just doesn’t exist.

This time it’s Jake Tapper who catches McCain in his latest (Maybe?  Who knows?  It’s possible that as I’m writing this very post McCain is out there lying right now!) whopper.

First, the claim:

“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 serious problems,” Sen. John McCain, R-Ariz., told CBS this morning. “The influence that Fannie and Freddie had in the inside the Beltway, old boy network, which led to this kind of corruption is unacceptable and I warned about it a couple of years ago.”

Okay, let’s forget that John McCain supported the legislation that allowed all of this to come about in the first place, and that his economic advisor Phil “‘Murica’s a bunch of whining sissies” Gram was an author of said legislation.  Let’s just forget all of that for one brief moment.

That’s just not all that important.  What’s important is that John McCain is the Chicken Little of the political and economic world!  He WARNED us that this would happen!

Or did he?

How does this claim of foresight square with this interview that McCain gave to the Keene (NH) Sentinel, discussing the subprime mortgage crisis, in December 2007?

Q: “Well the dimension of this problem may be surprising to a lot of people, but to many people, to many others there were feelings that there was something amiss, something was going too fast, something was a little too hot.  Going back several years.  Were you one of them? Or, I mean you’re a busy guy, you’re looking at a lot of things, maybe subprime mortgages wasn’t something you focused on every day.  Were you surprised? 

McCain:  “Yeah. And I was surprised at the dot-com collapse and I was surprised at other times in our history.  I don’t know if surprised is the word, but…

Q: “S&Ls?”

McCain: “I don’t — what did you say?”

Q: “The S&Ls.”

McCain: “Yeah, the S&Ls.”

Q: “Is this bigger than that?

McCain: “I don’t know the dimensions of this.  It’s hard to know what the dimensions are.  As I say, I never thought I’d pick up the paper and see a city in Norway is somehow dramatically impacted by it.  When I say ‘surprised’ I’m not surprised when in capitalist systems that there’s greed and excess. I think it was Teddy Roosevelt who said ‘unfettered capitalism leads to corruption’ or something like that, that people have disputed for years. 

“But so, in this whole new derivative stuff, and SIBs and all of this kind of new ways of packaging mortgages together and all that is something that frankly I don’t know a lot about.

“But I do rely on a lot of smart people that I have that are both in my employ and acquaintances of mine.  And most of them did not anticipate this.  Most of them, I mean I can find some that did.  But, a guy that’s on my staff named Doug Holtz-Eakin, who was once the head of the Office of Management and Budget, said that there was nervousness out there.  There’s nervousness.  There was nervousness that we had such a long period of prosperity without a downturn because of the history of our economy.  But I don’t know of hardly anybody, with the exception of a handful, that said ‘wait a minute, this thing is getting completely out of hand and is overheating.’

“So, I’d like to tell you that I did anticipate it, but I have to give you straight talk, I did not.”

So, let me get this right.  A year ago John McCain was clueless, but TWO years ago he was all up on it?  What happened?  Did he just forget for a year or so and then remembered just when remembering might save his political skin?

I’m just saying.


  1. SteveJJ says:

    And what has Obama done lately? Well just last night he had a fund raiser with Babwa for $28,000 a plate. These are the same Demo’s that want you to believe they are fighting for the middle class in America. When’s the last time a middle class citizen has spent $28,000 on a dinner? Neither Obama or McCain have a plan for the economy, except that Obama wants to raise capital gains and wants to raise taxes on anyone making $45,000 a year. Yikes! You want a financial meltdown, there it is. Socialism is not a part of the American spirit. Mr. Obama go back to Chi Town and stay there. You scare the American population with your views.

  2. Holy crap you don’t do facts well do you? How many troll points are you getting from Team McCain?

    Note: On the same day McCain criticized Obama for his Hollywood fundraiser, McCain had his own little fundraiser where attendees paid almost twice the entrance fee for Obama’s fundraiser… Yes… fifty-thousand dollars.

    As for the tax plan you just mentioned, that is an outright lie debunked here several times. If you make 45K a year, you will receive a tax cut from Obama that is approximately three to eight times bigger than the tax cut you would receive from McCain.

    Well, I guess that pretty much wraps up my troll feeding for the day.

  3. TheDonald says:

    SteveJJ – wow, that was quite a comment about a story which is about McCain lying that you were able to incorporate some of McCain’s lies that have been proven patently, unequivocably false.

    To wit, “Neither Obama or McCain have a plan for the economy” – ah, yes, Steve, Senator Obama does have a plan for the economy, he also articulated a six-point plan yesterday to directly address the current crisis in case you missed it. Which, undoubtably, is possible if the only TV station you watch is Fox.

    Point two, “Obama wants to raise capital gains and wants to raise taxes on anyone making $45,000 a year.” Let’s see what Newsweek says about Obama’s tax plan in an article about McCain’s lying – “the vast majority of small businesses, seniors and individual taxpayers, who would see their taxes go down under Obama’s actual plan. He proposes to increase taxes only for those with more than $250,000 in family income, or $200,000 in individual income.”

    Final thought – Steve, you are a moron.

  4. Ray says:

    Here’s the facts about McCain’s statement, and I’m a little suspicious of the initial post’s date without attribute or reference:

  5. terri says:

    John McCain is a nasty, sesperate SOB who just attacks with lies and smears

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