Originally Posted By: whomod

They failed to mention that 'mr. prepeared to be President'; John McCain doesn't even understand that Bush can't fire the chairman of the SEC. He doesn't serve at his pleasure.


From ABC News:

  • In the wake of the Enron scandal in October 2002, Democratic congressional leaders Sen. Tom Daschle, D-S.D., and House Minority Leader Dick Gephardt, D-Mo., wrote a letter to President Bush and held a press conference, demanding that then-SEC commissioner Harvey Pitt resign.

    "The Democratic leaders of the Senate and House urged President Bush in a letter to oust Mr. Pitt," wrote the New York Times.

    Within a month, Pitt was gone.

    Daschle is a key adviser to Obama.

    "Not only is there historical precedent for SEC chairs to be removed," said McCain campaign spokesman Tucker Bounds, "the president of the United States always reserves the right to request the resignation of an appointee and maintain the customary expectation that it will be delivered.”

    So, can a president "fire" an SEC chairman? Not literally, no.

    But colloquially, yes.

    In the world of politics, pressure can be brought to bear and "resignations" can occur, as Obama's top adviser Mr. Daschle knows well.


 Originally Posted By: whomod
and from the partisan (that's right wing partisan) Wall Street Journal: :"John McCain has made it clear this week he doesn't understand what's happening on Wall Street any better than Barack Obama does. ....


The fact they said "any better than Barack Obama" should have tipped you off what there point was. They were criticizing McCain for supporting increased regulation of Wall Street, which is exactly the sort of thing you and Obama want.

In other words, you're attacking McCain for departing from the typical Republican viewpoint.