John McCain has spent most of his career as an earnest deregulator. I would describe his dependable career-long fight against regulation as a man acting with the faith of an ideologue.
In November of 1993 he took to the Senate floor and complained about "the tremendous regulatory burden imposed on financial institutions".
In July of 2003 he told CNN, "I am a deregulator. I believe in deregulation".
This spring John McCain told the Wall Street Journal, "“I am fundamentally a deregulator. I’d like to see a lot of the unnecessary government regulations eliminated, not just a moratorium."
So it is with a skeptical eyebrow raised that I now listen to the earnest reregulator candidate McCain.
Barak Obama has an eyebrow or two to raise too in this speech:
I like to judge People by their actions. John McCain has spent a career attacking the very safeguards that brought us both the S&L crisis and the current sub-prime loan crisis.