McCain’s top economic adviser commits economic gaffe.
By on Sep 19th, 2008 at 2:12 pm
McCain’s top economic adviser commits economic gaffe.
Earlier this week, Sen. John McCain (R-AZ) repeatedly erroneously referred to the Securities Investor Protection Corporation (SIPC) as the “SPIC.” Today on Fox News, McCain’s top economic adviser Douglas Holtz-Eakin — one of the “smart people” McCain said he relies on for economic policy — also referred to the “SPIC.” Watch it:
Holtz-Eakin mentioned “the SPIC” when discussing the “alphabet soup” of regulatory “agencies” — despite the fact that the SIPC is “neither a government agency nor a regulatory authority.” At least it’s now clear where McCain gets his faulty talking points.
Sort Comments By: Top Rated | Date
25 Responses to “McCain’s top economic adviser commits economic gaffe.”
View Most Popular
Advertisement
What We're About
What We're Fighting For
What We're Fighting Against
Featured
Subscribe to the Progress Report
Topic CloudView topics sorted by popularity
Boehner
Bush
Bush Legacy
Cheney
Civil Rights
Congress
Corporate Ethics
DADT
Economy
Energy
Environment
Ethics
Fox News
Gingrich
Global Warming
Guantanamo
Hannity
Health Care
International Relations
Iran
Iraq
Justice
LGBT
Limbaugh
Liz Cheney
McCain
Media
Military
O'Reilly
Obama
Palin
Pelosi
Race
Radical Right
Religion
Rove
Sanford
Sotomayor
Steele
Supreme Court
Terrorism
ThinkProgress
Tiller
Torture
Women's Rights
Visit Our Affiliated Sites
Reports
In-depth studies on select topics
Got a hot tip?
Have a hot news tip? We'd love to hear from you. Use the form below to send us the latest.
ArchivesBlog Roll
Blind, leading the blind, both fall into the ditch!
September 19th, 2008 at 1:42 pmOh well, McGeezer just lost the Hispanic vote!
September 19th, 2008 at 1:45 pmDouglas Holtz-Eakin — one of the “smart people” McCain said he relies on for economic policy
Smarter than McCain does not actually mean that person is smart.
Just saying....
September 19th, 2008 at 1:56 pmWe can all weep for the future if these numbnuts get elected.
September 19th, 2008 at 2:15 pmNo wonder Republicans are so against "big government." They apparently think every major corporation is actually government-run. First it was Titty McGee calling Fannie Mae and Freddie Mac "taxpayer funded," now this clown thinking SIPC is a government agency. Next they're gonna tell us that AIG is owned by the federal government!
September 19th, 2008 at 2:16 pmMcCain’s top economic adviser commits economic gaffe.»
Again?
September 19th, 2008 at 2:17 pmOMG -- it's contagious. Normally, Holtz-Eakin has been the McLame apologist and excuse provider (not to mention shiny object distractor -- blackberries, anyone?) for this campaign. But now that we see he can't keep anything straight either, perhaps the apologist needs an apologist.
September 19th, 2008 at 2:22 pmHe needs his blackberry.
September 19th, 2008 at 2:26 pm.
Of course no one at FOXPRAVDA could catch this gaff...
.
September 19th, 2008 at 2:27 pmMaybe Holtz-Eakin is just trying to make McDepends look less idiotic.
If so, IT AIN"T WORKING!!!
September 19th, 2008 at 2:28 pmsatirev,
This has been happening to me and to MAX on the previous thread, too.
September 19th, 2008 at 2:29 pmOT; at http://www.commondreams.org, there is a story I read this a.m. in the Detroit Free Press about how Rethugs are trying to disenfranchise college students and people whose homes are in foreclosure from voting in Michigan.
September 19th, 2008 at 2:30 pmhussein toasterhead Says:
--------------------------------------------------------------------------------
Next they’re gonna tell us that AIG is owned by the federal government!
September 19th, 2008 at 2:16 pm
Well , it kinda' is now , isn't it ?
September 19th, 2008 at 2:31 pm.
satirev,
You should check out my posts on the previous thread.
Posts #21 and #22 especially... LOL...
.
September 19th, 2008 at 2:33 pmAt least it’s now clear where McCain gets his faulty talking points.
With "advisors" like Holtz-"BlackBerry"-Eakin, maybe McSame should go back to just making stuff up.
September 19th, 2008 at 2:33 pmMy favorite Holtz-Eakin funfact:
The nation's in economic chaos, the two major parties' candidates are presenting themselves to the public for consideration as President....
and Holtz-Eakin doesn't think it's time to write down on paper an economic plan.
Second favorite: without McCain, there would be no Blackberry (!!??)
Priceless. He's almost as good as Carly Fiorina.
September 19th, 2008 at 2:33 pmColbert tried to run as a candidate...who knew that Comedy Central had sponsored McCain, another parody candidate, as well?
It's the only viable explanation....
September 19th, 2008 at 2:38 pmMCMetal Says:
Well , it kinda’ is now , isn’t it ?
September 19th, 2008 at 2:31 pm
_____
Indeed - I was making a "funny."
September 19th, 2008 at 2:48 pmGiven Senator McCain's attitudes towards the Spanish PM, perhaps it was an oblique reference to a financial regulator of Italian heritage.
September 19th, 2008 at 2:51 pm.
satirev,
This McKeating Retrovirus...
http://www.youtube.com/watch?v=jxBCAaulG-k
.
September 19th, 2008 at 2:52 pmWhere have the trolls been lately? Backup by himself is kind of sad.
September 19th, 2008 at 3:09 pmtony and lido
bentley; I've also noticed a nearly complete absence of trolls over the last few days. Not that I mind.
September 19th, 2008 at 3:14 pmWell, my friends, obviously if we have two brilliant men like this in these positions identifying this body as the "SPIC then the only thing to do is to officially change the name from "SIPC" to "SPIC." They are right and everyone/thing else is obviously wrong.
So let it be written, so let it be done.
September 19th, 2008 at 4:00 pmSIPC vs. SPIC, you've got to be kidding. Haven't we done this three times?
The financial system is imploding, enough to take the air out of the room of a meeting between financial crisis managers and Congressional leaders.
The cause of this is greed. Neither McCon or Obama have identified executive incentive compensation as a player, a key root cause of risky CEO behavior. Corporate boards and regulators facilitated their schemes.
The taxpayer will end up with a $1 to $1.5 trillion tab. And for what? Meanwhile, our government continues spreading the poison of pay for performance to health care, education, etc..
September 19th, 2008 at 5:22 pmOh, pretty please let them keep helping him like that! The more gaffes Grandpa makes, the better.
September 20th, 2008 at 2:36 am