McCain Says he Would Fire SEC Chairman Chris Cox

[tw]

Originally Posted by Clodfobble

Well I guess we know who Chris Cox will be voting for.

They again forget to mention the rest of those facts. After Enron, Congress offered to double the SEC budget. The George Jr administration refused to take that cash. Republicans even during Clinton's term have been trying to gut the SEC. When Clinton tried to increase SEC enforcement, a Republican dominated Congress said it would cut off all SEC funding. So Clinton backed down.

Every SEC commissioner in George Jr's administration knows what his job was - to oppose regulation and oversight. Cox was only doing what the George Jr administration and mainstream Republicans always wanted. Why did McCain forget to mention that part? Notice who is now embedded in McCain's campaign strategy staff.