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19th September 2008 Charles J. Brown
11:47 am

BREAKING: I Agree with John McCain!!!


Today, John McCain called for the resignation of the Chairman of the Federal Elections Commission:

Much to my shock, I agree with Senator Grouchy McGrouchypants.  I also think FEC Chairman Donald McGahn should resign, largely because of the FEC’s recent failure to investigate your own skirting of federal campaign finance law.

But I’m pretty sure that you meant to say, the Chairman of the SEC — as in Securities and Exchange Commission — not the FEC.

I know, we all make mistakes, right?  And it’s been, oh, I don’t know, 24 hours since you made one — when you said you would fire Christopher Cox, the Chairman of the SEC, even thought a President doesn’t have the authority to fire heads of independent regulatory agencies.  And it’s been a full two days since you mistook Spanish Prime Minister Jose Luis Rodriguez Zapatero for Commandante Marcos of the Zapatista National Liberation Front.  So maybe we should cut you some slack.  After all, you did finally figure out that the FEC SEC chairman can’t be fired, so that’s somewhat of an improvement.

I have just one question for Senator McCain about this whole SEC chair firing/resignation thing:  if Christopher Cox does resign, doesn’t that mean that President Bush gets to appoint a new one?  And didn’t Bush pick Cox in the first place?  So won’t we be virtually guaranteed the same freaking problems we have now?

Actually I have a second question for him.   When the Senate confirmed Cox on July 29, 2005, it was by acclamation. In other words, unanimously.  That means both you and Barack Obama, if you were on the floor of the Senate at the time, supported him.  But Obama isn’t (yet) calling for Cox’s removal.

And as John Nichols over at the Nation notes,

Cox’s nomination to serve was considered by the Senate in the summer of 2005, at a time when McCain was positioned, as chair of the Senate Commerce Committee, to raise any concerns he might have had — and even to hold hearings — about the selection. As McCain, himself, bragged this week: “I understand the economy. I was chairman of the Commerce Committee that oversights every part of our economy.”

While that statement was a bit of a stretch, it is reasonable to suggest that the Commerce Committee chair could have identified an opening (perhaps through the committee’s responsibility for overseeing interstate commerce) to hold a hearing and raise concerns about Cox.

Instead, McCain made no complaint and ceded responsibility for reviewing the Cox nomination to the Banking Committee, which has primary responsibility for reviewing SEC nominations. The Banking Committee gave Cox a predictable free ride from the Wall Street-friendly Republicans and Democrats who pack the panel.

Does that mean that you were for Cox before you were against him?

Oh, and that makes me think of yet another question.  Wasn’t Cox rumored to be on your shortlist for VP?

I think Christopher Cox will make an excellent choice as McCain’s VP based on a lot of the information I gleaned from here and here. Some are going to tell me that the problem with Chris Cox is that he is not former Gov. Mitt Romney or current Gov. Tim Pawlenty. The argument that Romney can help McCain in Michigan and Pawlenty can help McCain in Minnesota. My purpose is not to make a case against a VP pick, and I do not have anything against them. I just think that there is a good case for a Minnesota born pro-life Chris Cox to be a help and not a hindrance as his VP.

So maybe you were for Christopher Cox before you were really for him before you were conveniently against him.

This isn’t flip-flopping.  It’s crass opportunism.

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This entry was posted on Friday, September 19th, 2008 at 11:47 am and is filed under globalization, politics. It is tagged under , , , , , , , . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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  1. 1 On September 19th, 2008, Doc Spade said:

    >” And didn’t Bush pick Cox in the first place? So won’t we be virtually guaranteed the same freaking problems we have now?’

    Even worse. Remember that his first two S.E.C. appointees were even less active, which prompted their replacement.

    Now his most energetic choice gets blasted for not doing enough? What did McCain want Cox to do? Enact stricter regulations that Republicans would block?

    It’s time to face the facts. The market is crying out for some government intervention and improved regulation. Conservatives hate to even consider it, but there’s rarely been a clearer call than the response of markets this week.

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