McCain-Equivocation
Posted by:
FUNdamental
()
Date: September 27, 2008 08:21AM
MCCAIN Last Night: "I've been criticized because I called for the resignation of the chairman of the Securities and Exchange commission."
FACT: McCain did eventually call for the resignation of SEC Chairman Christopher Cox. But he had been widely criticized because he first said that if he were president he would "fire him," a step a president cannot legally take with the head of an independent regulatory agency. He was criticized for pandering, and to making a declaration he should have known was beyond the scope of the Presidential authority.
McCain Sept. 18 during a rally in Iowa: "The chairman of the SEC serves at the appointment of the president and, in my view, has betrayed the public's trust. If I were president today, I would fire him."