Obama spokesman Bill Burton on Fox & Friends.
BURTON: Well, back in March when Bear Stearns had their first that crisis, Barack Obama gave a speech where he talked about a financial regulatory framework that would increase accountability and transparency and set Wall Street on the path to, you know, strengthening the markets and strengthening the financial institutions. Just at the same time John McCain was saying he's a deregulator. And he's surrounded with folks like Phil Gramm, who was at the center of the biggest deregulations that we've seen out of Washington and the things that have led us to the problems that we've got right now. Even worse than that is that a guy
like Phil Gramm, who worked so hard to deregulate the markets and helped to destabilize the position that we're in right now, he said that the crisis we're facing is mental. He said that the American people are a
bunch of whiners -
KILMEADE: That was a long time ago.
BURTON: It wasn't that long ago. And Phil Gramm is still the chief advisor and probably the treasury secretary if John McCain is elected, so those are the people that John McCain surrounds himself with. His
philosophy is that we need less deregulation, and that's -- it's that sort of thinking that's got us into this mess that we're in right now.
Burton on McCain, Gramm, and the Financial Meltdown mccain argentina balcarce | |
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| News & Politics | Upload TimePublished on 16 Sep 2008 |
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