Rush Limbaugh wishes John McCain’s economic proposals would stop bashing Wall Street, thinks the Arizona senator is running against the wrong people, and deplores his demand that SEC Chairman Chris Cox be fired -- and he wants everybody to know it.
Speaking to Greta Van Susteren on her Fox News show “On The Record” Friday, Limbaugh ripped into McCain, saying he understands what he called “the populist tendency to bash Wall Street because people are upset and to join the chorus that Wall Street is corrupt and full of a bunch of people, but that’s not the case.
“I don't think bashing Wall Street, with the Democrats already doing that, is a way for Sen. McCain to separate himself. What he ought to be doing is what he did in Green Bay this morning, which is attack the people responsible for the Fannie Mae disaster -- and that’s all Democrats. It’s Chris Dodd, it’s Barney Frank, it is Barack Obama, it’s Franklin Raines, and Jim Johnson -- people associated with the Obama campaign.
"I understand the temptation to start ripping into Wall Street, because people instinctively fall into that so-called class envy susceptibility for this. I think it's a mistake. I think he can distinguish himself better by attacking the people he's running against -- he's running against Democrats, he’s running against Obama, he’s running against Wall Street.
“Wall Street is probably going to finish the week higher than when it started … There’s a lesson here to stay calm and cool."
Limbaugh addressed McCain’s attack on Cox, the Securities and Exchange Commission chairman.
“I also wish he hadn’t thrown Chris Cox under the bus, the Securities and Exchange Commission guy, [saying] he would have fired him. Cox had nothing to do with this. This is a tendency of Sen. McCain's to look at himself as Teddy Roosevelt and take on anybody he thinks is a robber baron. I wish that he would take some of that back and just focus on who he's really running against -- the people trying to destroy him.”
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