Yesterday, when I heard John McCain say that he wanted to form a "9/11 commission" to look into the financial crisis, I thought it was an awkward choice of words. Didn't he mean a 9/11-
style commission? I chalked it up to problems reading the teleprompter and promptly forgot about it. Later in the day, I heard him use the phrase again in an interview. And then another. Each time, he used the same odd formulation: "We're going to need a 9/11 commission"--as if "9/11 commission" is now a generic term for an investigative committee. Last evening, as I was watching The News Hour with Jim Lehrer, I heard it again--this time coming from Douglas Holtz-Eakin, senior policy advisor to the McCain campaign, and the guy who let it be known to the world yesterday that John McCain had invented the Blackberry. Check out this exchange between Judy Woodruff, Obama economic advisor Robert Reich, and McCain advisor Holtz-Eakin.
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WOODRUFF: Robert Reich, let me bring you back into the conversation now. You've heard Doug Holtz-Eakin say that John McCain was for regulation, but in an appropriate manner--not an excessive amount of regulation.
REICH: Well, Judy, everybody's in favor of appropriate regulation. When John McCain was head of the Senate Commerce Committee over the past few years, it was just deregulation, deregulation and deregulation. As Douglas Holtz-Eakin just said, John McCain wants to refer to a commission. Well, that's Washington shorthand for doing nothing, I'm afraid. We've had commissions after commissions after commissions looking at this problem. Look, John McCain's whole record is in favor of a lot of these big companies and a lot of these big investment banks. By contrast, Barack Obama's economic approach is bottom-up: don't give big tax breaks to the big corporations, don't give even more tax breaks on top of those that the rich have already got from the Bush administration, don't simply push further the Bush administration's agenda for the economy, because it doesn't work. Barack Obama says, "Instead of top-down economics, let's have bottom-up economics." Protecting investors, protecting the little guy, protecting jobs, protecting Main Street. Helping people with tax breaks that go to
them. Helping people with education and health care that goes to
them. You couldn't have two more dramatically contrasting philosophies.
WOODRUFF: Doug Holtz-Eakin, specifically the point about the 9/11 commission. The argument from the Obama campaign: "That's not needed."
HOLTZ-EAKIN: Well, I, uh, this is, uh, you know, sadly predictable.
I think if you look back, you'll see Barack Obama has said many favorable things about the 9/11 Commission.I'll leave it to you to draw your own conclusions, but this sure looks like the genesis of a new bamboozle to me. Are they seriously considering charging Obama with hypocrisy for being
for the 9/11 Commission before he was against it? Good luck with that one...
Here's a link to the Podcast if you want to hear it for yourself:
http://www.pbs.org/newshour/rss/media/2008/09/16/20080916_regulation28.mp3It's about 2/3 of the way through the interview.