Steve Schmidt and the Free Ride Express

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September 22, 2008 10:05 p.m.

Jon Alter has this so, so right.

From Countdown …

[Y]ou remember the Keating Five scandal that he was a part of, which, by the way, it’s crazy but there’s been very little about it in the press in the last few weeks. And McCain thinks he’s getting a hard time, he’s really getting a free ride on the fact that he was in the middle of the last great financial scandal in our country. But his reaction to that, you would have thought, would have been more regulation of the financial services industry. Instead he moved forward on campaign finance reform after being caught in that scandal, but did nothing – nothing – to try to prevent another savings and loan crisis from happening down the road. He was missing in action when it came to even learning the basic lessons of a scandal that he said taught him all kinds of things that he would never forget.

Let’s face it. On major economy-imperiling financial scandals brought about by lax regulation and help from lobbyist-encrusted politicians, McCain really is the candidate of experience.

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