Sen. John McCain, R-Ariz., has changed, or perhaps changed back. In counting him among the congressional Republicans upset about the White House’s Big Three bailout, MSNBC’s First Read blog recalls that “this is the same John McCain who ‘suspended his campaign’ to try and strike a deal on the Wall Street bailout – which was roughly 41 times the size of Detroit’s.”
McCain said of the massive auto loan: “I regret the president’s decision to give away over $17 billion to the domestic automakers. Just last week, the Senate rejected a bailout plan because it failed to provide assurances that the domestic manufacturers would fundamentally change the way they do business to ensure their long-term viability. I find it unacceptable that we would leave the American taxpayer with a tab of tens of billions of dollars while failing to receive any serious concessions from the industry.”
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