John McCain, Maverick or Marauder?
63,000 Jobs Lost in a Month `Not Terrible'. On 63,000 jobs slashed from payrolls in February, McCain said the "unemployment figures are...not terrible." According to the Bureau of Labor Statistics, the United States lost 260,000 jobs in 2008 as of April. (McCain Town Hall, Atlanta, 3/7/08; The Employment Situation: April 2008, Bureau of Labor Statistics, 5/2/08) Impostor: One who deceives under an assumed identity.
' We Are Better Off Than Eight Years Ago'. While President Bush has been in office, "there's been great progress economically," McCain said. ("Money & Politics," Bloomberg, 4/17/08)
The Truth: For the first time in history of data going back to 1947, middle-income families were left no better off at the end of this business cycle in 2007 than they were in 2000. The State of Working America 2008/2009 report
Top 1 percent of U.S. Households have a minimum net worth of 15 million. 2004, year most recent data available
30 percent of U.S. Households have a net worth less than $10,000.
16-1/2 percent to 17% have zero or negative net worth.
' McCain on Children's Healthcare'.
The Truth: McCain voted against bills to improve children's healthcare as recent as October 31, 2007.
McCain Voted To Cut, Eliminate, Restrict Health Insurance Coverage for Low Income Children and Pregnant Mothers At Least SIX Times.
McCain Opposed Extending Coverage To Uninsured Children. . The motion passed 62-33. [H.R. 3963, Vote #401, 10/31/07]
McCain Opposed Reauthorizing SCHIP And Providing Insurance For Millions Of Uninsured Children. [H.R. 976, Vote #307, 8/2/07; Knight Ridder, 8/2/07]
'McCain on Healthcare for the Poor, the Handicapped, Seniors'.
The Truth: At least 25 times as a senator, John McCain has voted against bills intended to help Americans that are under-insured, handicapped, as well as Medicare and Medicaid recipients.
'Mc Cain on Energy and Oil'.
Voted NO on reducing oil usage by 40% by 2025. The amendment seeks to reduce usage by 7.6 million barrels of oil a day, out of a total usage of 20 million barrels of oil a day. [Energy Policy Act of 2005; Bill S.Amdt. 784 to H.R. 6 ; vote number 2005-140 on Jun 16, 2005; Source: ontheissues.org]
MISSED vote repealing tax breaks for oil companies. In 2007, McCain was the ONLY senator to miss a vote on the energy bill repealing tax subsidies for oil companies. [H.R. 6, Vote #425, 12/13/07; Source: aflcio.org]
Voted NO to impose a windfall profits tax for oil companies and a tax rebate for working families. Amendment would impose a temporary windfall profits tax on oil companies and use the proceeds to provide nonrefundable tax credits to working families. [S.Amdt. 2635, Vote# 341, 11/17/05; S.Amdt. 2587, Vote #331, 11/17/05; Source: aflcio.org]
Voted NO to elminate tax breaks for oil and natural gas companies. Amendment would eliminate tax breaks for oil and natural gas companies related to depletion and drilling costs. [S.Amdt. 2782/HR. 776, Vote #159, 7/29/92; Source: aflcio.org]
'McCain on Deregulation.'
Ten years ago, McCain strongly supported legislation to deregulate the banking and insurance industries.
McCain now says: "Regulation is certainly needed to end the "reckless conduct, corruption and unbridled greed" on Wall Street.of the American International Group (AIG), the nation's largest insurance company, and stabilize a tumultuous Wall Street
McCain, additionally says: "Government has a clear responsibility to act in defense of the public interest, and that's exactly what I intend to do. In my administration, we're going to hold people on Wall Street responsible. And we're going to enact and enforce reforms to make sure that these outrages never happen in the first place."
In 1989, McCain vigorously supported Sen. Phil Gramm of Texas in passing the Gramm-Leach-Bliley Act aimed to make our financial institutions more competitive by removing the Depression-era protections between banking, investment and insurance companies.
Today, former Senator Phil Gramm is an economic adviser to McCain's campaign.