Mal was taking McCain to task for NOT supporting a deregulation bill that had overwelming Democratic support in 1999. As Mal rightly states this bill is the cause of the current Wall Street crisis. Here it is in Mal’s own words.
The repeal is known as the Financial Services Modernization Act of 1999, and is one culprit in the financial melt-down on Wall Street.
The anti-regulation champion John McCain was the sole Senator not voting on the bill (Conference Report) that passed 90-8-1-1.
Mal in his own demo-rationality sees something to question in McCain’s non-vote, but not in the overwelming Democratic support for this derregulation bill. Feingold was one of the very few Senators who opposed it.
One of the claims Mal contends is that Obama is clean. In either case he has benefitted nicely from Fannie Mae and Freddie Mac.
I think my initial point holds true. There are too many issues that when Democrats try to hold McCain accountable, they look petty, silly, and outright pathetic. I think Mal tops the cake though.