John McCain: I was Misled on Bank Bailout – Arizona Republic

Under growing pressure from conservatives and “tea party” activists, Sen. John McCain of Arizona is having to defend his record of supporting the government’s massive bailout of the financial system.

In response to criticism from opponents seeking to defeat him in the Aug. 24 Republican primary, the four-term senator says he was misled by then-Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke. McCain said the pair assured him that the $700 billion Troubled Asset Relief Program would focus on what was seen as the cause of the financial crisis, the housing meltdown.

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  • Turbeaux

    If that loser is so naive and gullible, then he shouldn't run for re-election because he wasn't qualified in the first place.

  • Sage

    "Mis-led"? You read the bill before you voted on it, didn't you? Or did you? Or did you just let some Democrat give you his version of the synopsis? Dope.

  • carlos varner

    Remember that first debate? McCain had the opportunity to play the maverick and attack Bush an Paulsen – but he started talking about Ted Kennedy in the hospital. If there ever was a moment where he could have seized the moment, that was it. McCain was awful! Dick Morris correctly points out that that is where McCain lost the election.