I apologize that this is a short diary, but Brave New Films just emailed this video to their list and I think it does a fantastic job of capturing McCain's sheer incompetence with respect to the economy in just three minutes, using nothing but his own words.
I figure this video needs to get out there and circulate as much as possible.
So I hope on those grounds you'll forgive the brevity of this diary and start sending this video around. YouTube Link is below the fold.
http://www.youtube.com/...
Updated Transcript:
John McCain speaking to Group:
"Now I am NOT an expert on Wall Street. I am not an expert on some of this stuff."
TITLE CARD: The Real McCain: The Economy
25 seconds worth of clips (about a dozen) of McCain over the last year saying that the fundamentals of the economy are strong and that he does not see a recession coming. On the last of these clips he adds, "...but these are very, very difficult times"
TEXT: "How did we get into these very, very difficult times?"
TEXT: DeRegulation:
ABC NEWS REPORT:
For more than 25 years in the Senate McCain has fashioned himself
A champion of smaller government, less regulation.
McCain Speech:
...Removing regulatory, accounting, and tax impediments
McCain Interview:
Less Regulation.
McCain Interview 2:
Less Regulation.
ABC NEWS REPORT:
In the mid-1990’s he supported a measure to ban all new regulations.
60 Minutes Interviewer:
In 1999, you were one of the Senators who helped to pass deregulation of Wall St.
McCain 60 Minutes Answer:
Well, I think the deregulation was probably helpful to the growth of our economy.
McCain speech:
And I don’t think, frankly, that someone who wants to increase
the burden of government regulation and higher taxes has any real
understanding of economics
TEXT: But then.....
A series of news clips showing stocks tumbling.
ABC News Report:
Senator McCain appears to have changed his tune on regulation
in a fundamental way.
McCain speech:
Under my reforms the American people will be protected by comprehensive regulations.
A split screen shows McCain Pre-Financial Crisis and McCain Post-Financial Crisis making contradictory statements on regulation.
McCain at Presidental Debate:
A lot of us saw this train wreck coming.
McCain at 2007 press conference:
I’d like to tell you that I saw this coming, but I have to give you straight talk, I did not.
CNN Report of White House meeting re Finanical Crisis:
Republican and Democratic lawmakers said that McCain stayed fairly quiet
During the White House meeting, leaving both parties guessing about where he really stands.
60 Minutes Interviewer:
Are we in a recession.
McCain 60 Minutes answer:
Sure....Techincally, I don’t know.