McCain Contradicts Himself -- Yet Again
John McCain made an incredibly absurd argument this morning on CBS when he said he "warned" of a pending economic "crisis" two years ago. ABC News' Jake Tapper:
"Two years ago, I warned that the oversight of Fannie and Freddie was terrible, that we were facing a crisis because of it, or certainly serious problems," Sen. John McCain, R-Ariz., told CBS this morning. "The influence that Fannie and Freddie had in the inside the Beltway, old boy network, which led to this kind of corruption is unacceptable and I warned about it a couple of years ago.” [emphasis added]
Why it is absurd? Last December -- presumably we all agree that was less than two years ago -- John McCain said he didn't anticipate the economic crisis afflicting the U.S. economy.
"But I do rely on a lot of smart people that I have that are both in my employ and acquaintances of mine. And most of them did not anticipate this. Most of them, I mean I can find some that did. But, a guy that’s on my staff named Doug Holtz-Eakin, who was once the head of the Office of Management and Budget, said that there was nervousness out there. There’s nervousness. There was nervousness that we had such a long period of prosperity without a downturn because of the history of our economy. But I don’t know of hardly anybody, with the exception of a handful, that said ‘wait a minute, this thing is getting completely out of hand and is overheating.'
"So, I’d like to tell you that I did anticipate it, but I have to give you straight talk, I did not.”
The fact is that his claim on CBS this morning is simply not true and he is trying to fool the American people -- again.
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