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Sep 18 08 10:38 AM
McCain, who's been selling himself as a straight-talking maverick on the campaign trail, is on the hot seat on another economic front - his sudden insistence that the financial industry is in desperate need of regulation. The Arizona senator's new stance comes after voting consistently for years against regulation, just like the vast majority of his Republican colleagues. "McCain has developed a reputation over the years as someone who was very disinclined to want to regulate, and in that sense he was not a maverick at all but in fact a very mainstream Republican," Paul Beck, political science professor at Ohio State University, said Wednesday. "And now he's caught in a situation were there was insufficient regulation and the economy is in trouble. It puts him in a very bad position because there's a real credibility problem here." "For someone who's really tried to be a straight talker, he's scrambling and the positions he's taken in the past are coming back to haunt him."
McCain, who's been selling himself as a straight-talking maverick on the campaign trail, is on the hot seat on another economic front - his sudden insistence that the financial industry is in desperate need of regulation.
The Arizona senator's new stance comes after voting consistently for years against regulation, just like the vast majority of his Republican colleagues.
"McCain has developed a reputation over the years as someone who was very disinclined to want to regulate, and in that sense he was not a maverick at all but in fact a very mainstream Republican," Paul Beck, political science professor at Ohio State University, said Wednesday.
"And now he's caught in a situation were there was insufficient regulation and the economy is in trouble. It puts him in a very bad position because there's a real credibility problem here."
"For someone who's really tried to be a straight talker, he's scrambling and the positions he's taken in the past are coming back to haunt him."
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