Hard for me to suppress a snort. But here it is: John McCain — who supported the $700 billion TARP bailout, the $25 billion auto bailout, a $300 billion mortgage bailout, and the first $85 billion AIG bailout – has grandiosely announced that he will oppose Federal Reserve Chairman Ben Bernanke’s second term:
“Our country is still facing an economic crisis and while I appreciate the service that Chairman Bernanke has performed as Federal Reserve Chairman, I believe that he must be held accountable for many of the decisions that contributed to our financial meltdown.
“Therefore, I plan to oppose Chairman Ben Bernanke’s confirmation for a new term as Federal Reserve Chairman.”
So, how does McCain hold his own economic advisers accountable for their wrong-headed policy decisions that enabled the incompetent boobs who contributed to our financial meltdown?
He backs their Senate campaigns, of course!
McCain’s faux populist maneuvering can be explained in 10 letters: J.D. Hayworth.
February 13, 2013 02:12 PM by Doug Powers
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