Bush’s press secretary refused to confirm the truth of the McCain statement this week that the economy is fundamentally sound. Ordinarily you would think that this might put the Republican candidate out on a limb, particularly one who has endorsed Bush’s economic policies. McCain though with characteristic alacrity now denies his own assessment and is calling for regulation of the financial industry. We can ad this to the list of issues that he has argued first one side, then unblinkingly argued the other side.
Biden has developed a funny bit in discussing McCain’s 180 degree turn on this. McCain has a little bit of bagage on this isuue, what with 83 Wall Street lobbyists on his staff and his chief advisor, Phil Graham, the senatorial champion of financial deregualtion.