Washing Post editors: Obama’s truthiness on McCain’s regulation record

Color me shocked (Political Punch via HotAir): 

When I was warning about the danger ahead on Wall Street months ago because of the lack of oversight, Senator McCain was telling the Wall Street Journal — and I quote — ‘I’m always for less regulation,'”Obama said in Espanola, NM, yesterday.

But as the Post points out, (as we have before), the full quotation from McCain’s March interview with the Wall Street Journal includes McCain’s assertion:

“But I am aware of the view that there is a need for government oversight. I think we found this in the subprime lending crisis — that there are people that game the system and if not outright broke the law, they certainly engaged in unethical conduct which made this problem worse. So I do believe that there is role for oversight.”

The Post says when it comes to regulation of the financial markets, “McCain’s record is more in keeping with his current rhetoric. In the aftermath of the Enron collapse and other accounting scandals, he was a leader, with Sen. Carl M. Levin (D-Mich.), in pushing to require that companies treat stock options granted to employees as expenses on their balance sheets…

A politician with great foresight that reaches across the aisle to work for Americans or one that just talks about it? What… a… tough… choice?


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