John McCain attacks Barack Obama as a socialist because of his tax policy and because he wants to help the entire population, not just the wealthiest of us pm FOX, but when Wallace reminded the Senator that he voted for the government bail out of Wall St. and wants to bail out bad mortgages using government funds he said that " oh well, I'm just trying to help."

He makes our case that government should be used to assist this country when it needs it. And the talking point about socialism is another desperate measure by John McCain. He really makes no sense at all. He flip flops from being a conservative to a populist to a socialist from sentence to sentence.

WALLACE: But you did it indirectly, so let me ask you for some straight talk. Do you think that Senator Obama is a socialist? Do you think that his plans are socialism? MCCAIN: I think his plans are redistribution of the wealth. He said it himself, "We need to spread the wealth around." Now, that's one of... WALLACE: Is that socialism? MCCAIN: That's one of the tenets of socialism. But it's more the liberal left, which he's always been on. He's always been in the left lane of American politics. WALLACE: But, Senator, when we talk... MCCAIN: So is one of the tenets of socialism redistribution of the wealth? Not just socialism — a lot of other liberal and left wing philosophies — redistribution of the wealth? I don't believe in it. I believe in wealth creation by Joe the Plumber. WALLACE: But, Senator, you voted for the $700 billion bailout that's being used partially to nationalize American banks. Isn't that socialism? MCCAIN: That is reacting to a crisis that's due to greed and excess in Washington. And what this administration is doing wrong, and what Paulson is doing wrong, is not going out and buying up home loan mortgages, home mortgages, and giving people new mortgages at the new value of their home so they can stay in their home. They're bailing out the banks. They're baling out these institutions. WALLACE: But you voted for that. MCCAIN: Of course. It was a package that had to be enacted because the economy was about to go into the tank.

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