Think Progress

McCain calls for ‘less government regulation’ of small businesses.

When several of Wall Street’s giant banks collapsed in September, Sen. John McCain (R-AZ) scrambled “to recast himself as a champion of regulation” in order to erase his past support of legislation “to broadly deregulate the banking and insurance industries helping to sweep aside a thicket of rules established over decades.” But McCain has had a tough time sticking with his new pro-regulation message. After meeting with small business owners in Colorado yesterday, McCain released a statement emphasizing the need for “less government regulation of their business.” Politico’s Lisa Lerer notes that this is “a dangerous message in the midst of a market meltdown many have blamed on a lack of regulation on Wall Street.”




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41 Responses to “McCain calls for ‘less government regulation’ of small businesses.”

  1. Gregor Samsa Says:

    McCain was against regulation before he was for it before he was against it again.

    Another "flip-flop-flip" by McCain. Simply priceless...


  2. DidHeJustSayThat Says:

    Barack Obama doesn't have a clear message about what he is going to do to lead the economic recovery.

    I figured I'd say it first. That way it'll take the edge off when I hear it come from McCain or another GOP hack.


  3. Chocolate Jesus Says:

    just one note....if your a massive, international, wealthy company like, say blackwater, who has almost zero employees but hires everyone that works for them as "independent contractors", you could easily be defined as a "small business" because hey, you dont even have any "employees"

    "small business" is probably one of the most ambigious and deceptively used phrases in politics..


  4. barfly Says:

    Perhaps it's a medication problem.

    Too much Zoloft, and he's for regulation. Too much Paxil, he's a Free Marketeer.


  5. representativepress Says:

    My Question for Nancy Pelosi: Tinyurl.com/PelosiQuestion (see video)


  6. Oval12345678 aka James K. Sayre Says:

    McCain the Deregulator. He has been workin' hard at financial and business deregulation for a quarter of a century (twenty-five years), and now for two weeks or so, he claims to favor regulation. Heck of a con job, there Johnnie...

    Tired of eight years of Republican arrogance, bile, Blackwater, bullying, corruption, cronyism, deficits, deregulation, Diebolding, electronic election theft, flat wages, greed, imperialism, imported poisonous Chinese goods, job outsourcing, lies, no-bid contracts, slime, smearing, spying, torture, treason, tyranny, vote suppression, war? Vote for Senator Obama and vote the Democrats in. It’s time for a change.


  7. Fred Says:

    If mccain is the one calling these shots in 09 then this will be the least of our problems.

    He's just pretending to be something that will be denied him.


  8. Wayne A. Schneider Says:

    Is McCain counting all those people who incorporate themselves as "small businesses"?


  9. straighttalkonmccain Says:

    Seriously, someone send McCain a tape of Greenspan testifying this week. The conservative dream of deregulation got us into this mess. I'll be honest and say I've never cared much for Greenspan, but I felt a bit vindicated this week when even he had to finally admit that the conservatoves' idea of the economy was a failure. http://straighttalkonmccain.blogspot.com/


  10. impeachcheneythenbush Says:

    Chocolate Jesus Says:

    just one note….if your a massive, international, wealthy company like, say blackwater, who has almost zero employees but hires everyone that works for them as “independent contractors”, you could easily be defined as a “small business” because hey, you dont even have any “employees”

    “small business” is probably one of the most ambigious and deceptively used phrases in politics..

    Already happened:

    IG: Blackwater improperly received small-business contracts
    By ELISE CASTELLI
    July 28, 2008
    The security giant Blackwater improperly obtained $110 million worth of contracts set aside for small businesses, a new Small Business Administration inspector general audit shows.

    http://www.federaltimes.com/index.php?S=3647557


  11. RUCerious Says:

    Just watched McIIIrd on CNN speaking in NM.

    He was angrily stabbing the podium with his finger while shouting into the microphone.

    Reminded me of Adolph H.


  12. The Republic of Stupidity Says:

    barfly Says:

    Perhaps it’s a medication problem.

    Too much Zoloft, and he’s for regulation.
    __________

    Perhaps what the Original Maverick™ really meant to say was... "At my age, I'm just happy to be regular, period..."


  13. AMcG773 Says:

    “small business” is probably one of the most ambigious and deceptively used phrases in politics..

    The problem with the whole "small business" mantra is that it includes people like Dick and Lynne Cheney. They already get enough breaks from the taxpayers.


  14. impeachcheneythenbush Says:

    I have to admit that I get so frustrated by TP's and some of the other blog's completely ignoring some very important other issues. While this election campaign is going on, all kinds of other sh** is also happening. Get this! Note this this issue was decided upon by the lower courts and the Supreme Court refused to hear it.

    Bush Orders DOJ to Probe Ohio Voter Registrations

    By Jason Leopold
    The Public Record
    Friday, October 24, 2008

    Favoured : 5

    Published in : Nation/World

    In a déjà vu moment from Campaign 2006, President George W. Bush again is asking his Attorney General to launch an investigation into the registration of hundreds of thousands of new voters, many of whom are expected to vote Democratic.

    Bush forwarded to Attorney General Michael Mukasey a Republican request that he intervene in the battleground state of Ohio to force 200,000 new voters to either verify the information on their registration forms or cast provisional ballots, which are often thrown out after the voter leaves the polling place.

    http://www.pubrecord.org/nationworld/426-bush-orders-to-doj-to-probe-ohio-voter-registrations.html


  15. 00mpp00 Says:

    Wasn't McCain trying tp portray himself as the candidate of regulation?

    http://sunstateactivist.org/ssablog/


  16. impeachcheneythenbush Says:

    By the way, is anyone else having problems when they access The ZOO or Ameriblog? Everytime I do, my screen blanks out, the cursor is no longer under my control and it takes rather a long time to resolve itself...which means it closes my browser. I don't use Microsoft. Anyone else experiencing this? Or is it just me/my computer?


  17. impeachcheneythenbush Says:

    Actually, the screens "grey" out, not completely blank out.


  18. Max-1 Says:

    .

    Johnny McSuits-the-moment...

    .


  19. ElBruce Says:

    Clearly, burdensome government regulation of small business is what caused this financial collapse. McCain's got a great talking point with this one, and I think he should push it all the way until election day.

    Also, do everything Bill Kristol suggests. That guy's never wrong.


  20. shoeless Says:

    John McCain is such a Maverick that he isn't going to let his calls for "less government regulation" stop him from recasting himself as a "champion of regulation”.


  21. LibertyLover Says:

    John, Just say "No" and step away from the deregulation bills.


  22. The Republic of Stupidity Says:

    McCain calls for ‘less government regulation’ of small businesses.
    _________

    Hmmm... seeing as McMaverick has spent his entire life either in the military or in office and as the husband of a woman who inherited her wealth, why would any small business owner in his, or her, right mind think John knows anything at all about running a business. Why Does JOHN think he knows anything about running ANY business, for that matter?


  23. KayInMaine Says:

    McCain can't even regulate Sarah Palin at this point.


  24. Badger Says:

    Sen. McCain should come to the rescue of Joe the Plumber. Just engineer the elimination of all the Nation's Plumbing Codes.

    Joe would then have plenty of work repairing all the faulty plumbing and failed sewer systems.

    Joe the Colera Doctor would have plenty of work too.


  25. shoeless Says:

    Joe The Plumber would do well if McCain eliminated plumbing codes since Joe is not a plumber, he just plays one on TV.


  26. KayInMaine Says:

    After 8 years, we've had enough sewer to look at! We don't really want to deregulate the plumbers just so Joe can pretend to know what he's doing. Gawd no.


  27. shoeless Says:

    Not only is John McCain is such a Maverick that he doesn't care if Joe The Plumber not a plumber, John McCain is also such a Maverick that he doesn't care that Joe The Plumber's name is not Joe, it's Sam.


  28. Game of Life Says:

    That's one of the main problems with repugs. They do things all willy-nilly.


  29. Game of Life Says:

    mcchimpy will not bail-out small businesses.

    AIG has borrowed $90.3 billion from the Federal Reserve's credit line as of yesterday, the bulk of it to pay off bad bets the company made in guaranteeing other firms' risky mortgage investments. That's up from roughly $83 billion AIG had borrowed a week ago, and the $68 billion level it reached a week before that. The news comes as the company's new chief executive warned Wednesday that the government's financial lifeline may not be enough to keep AIG afloat.


  30. Zooey Says:

    McCain epitomizes the definition of insanity: Keep doing the same thing over and over again, while expecting a different result.


  31. ElBruce Says:

    In a follow-up interview, McCain said, "wait, I meant to say more regulation? Not less. More, definitely. We need to deregulate the financial markets. And then regulate them sensibly, by removing burdensome government regulation. My friends, we mavericks going to 'shake up' Warshington."


  32. MapleStreet Says:

    Less regulation has worked so good in China - as evidenced by the melamine in their meat and now found in their eggs.

    And Graham Rudman worked so good for the US Economy.

    Why doesn't TP want small business to experience the same benefits ?


  33. kasinca Says:

    They named insurance instuments "Swaps" so they could bypass regulations requiring them to have sufficient reserves to cover losses. Guess what that caused in the financial institutions? Now they want to blame mortgage holders. Republicans are crooks.


  34. dae Says:

    Kerry was criticized by the right-wing echo chamber as a flip-flopper who was "for it before he was against it." He's now been outdone by McLame who is both for it and against it at the same time. Who said you can't be two places at once?


  35. republicans hate facts Says:

    Yeah, less regulation, that worked SO WELL for Wall Street!! ROTFL, boy Republicans sure are dum basses!


  36. Jess Wonderin Says:

    Maybe McCain is working BOTH sides and banking on the idea that it still takes 10 days for a letter to cross the United States in a saddle bag . . . .


  37. Chocolate Jesus Says:

    > Keep doing the same thing over and over
    > again, while expecting a different result.

    Actually I see McCain more as the type who does different things over and over again and claims he's doing it the same everytime...


  38. Wayne A. Schneider Says:

    The Republican Party wants to replace E Pluribus Unum (Out of many, one) as our national motto with Caveat Emptor (Let the buyer beware).


  39. tombaker Says:

    YES! - Let's have every handyman, painter, and mechanic in the US dump hazardous waste into the creeks without fear of reprisal!!!

    BRILLIANT, mr. maverick.


  40. Robt Says:

    Why doesn't any Politician, Lobbyist or CEO call for less regulation and rules on their employees?

    Why hinder and shackle empolyees with attendance rules?

    Why have expectation standards of workers performance?




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