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image0113 McCains Pro Deregulation History Exposed, Becoming a Major Liability in the Presidential Race

McCain’s comment on Monday that the “fundamentals of the economy are strong” was a gift for Democrats. Throughout the week, the Obama campaign has been able to seize on McCain’s foible by painting the Republican nominee as “simply out of touch” with the brick-and-mortar economy on Main Street. And this is not McCain’s only weakness at the moment on the economic front.

We are now learning that McCain has a long and distinguished track record in Congress as a staunch advocate of deregulation which will likely further damage his credibility with voters. Given his well documented history as a pro-deregulation lawmaker, it is hard to see how McCain will be able to convince blue-collar voters in Ohio, Wisconsin and Pennsylvania that he is the right person to address the current financial crisis on Wall Street. Below is a summary of citations documenting his long history as a pro-deregulation lawmaker in the Senate.

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