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"Always for Less Regulation?"

This editorial in the Washington Post today is a great, well-balanced view of McCain's history on government regulation. The bottom line - he's generally anti-government regulation, but has always been an advocate of common sense regulation of the financial markets, and has a much clearer record on this than Obama does.

Here's an interesting snippet:

Mr. McCain was an early voice calling for the resignation of Securities and Exchange Commission Chairman Harvey Pitt, charging that he "seems to prefer industry self-policing to necessary lawmaking. Government's demands for corporate accountability are only credible if government executives are held accountable as well."

In 2006, he pushed for stronger regulation of Fannie Mae and Freddie Mac -- while Mr. Obama was notably silent. "If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole," Mr. McCain warned at the time.

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