This is Obama's chance to take away the news cycle from McCain and expose what a fraud he is about his economic approach. McCain suddenly wants to be a reformer. Well, what was he doing all these years in Congress to reform Wall St? Nothing. Obama gives a powerful speech in Golden, CO on the #1 issue in America.

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Make no mistake: my opponent is running for four more years of policies that will throw the economy further out of balance. His outrage at Wall Street would be more convincing if he wasn't offering them more tax cuts. His call for fiscal responsibility would be believable if he wasn't for more tax cuts for the wealthiest Americans, and more of a trillion dollar war in Iraq paid for with deficit spending and borrowing from foreign creditors like China. His newfound support for regulation bears no resemblance to his scornful attitude towards oversight and enforcement. John McCain cannot be trusted to reestablish proper oversight of our financial markets for one simple reason: he has shown time and again that he does not believe in it.

They call this the ownership society but what it really means is you're on your own. And we know the results...

And McCain's admitting that conservatism does not work. He has to run away from his own party and his own words to try save himself from the incredible collapse on The Street. America is watching now.

McCain, May 29, 2007:

"You are interviewing the greatest free trader you will ever interview, and the greatest deregulator you will ever interview," he said.

We all have to follow rules in our lives, register our cars, get a license to drive, but to McCain---corporations need NO regulations. Well, if AIG goes next---good night now....(Youtube and transcript under the fold)

(ht Heather)