Yesterday (above, left), John McCain threatened to fire SEC Chairman Christopher Cox because of what’s happening on Wall Street.
Unfortunately, that’s unconstitutional, as the commissioner of an independent regulatory agency can’t be removed by the President.
Today (above, right), McCain toned down his warning, saying Cox should resign, but he blundered again and said FEC rather than SEC. FEC is the Federal Election Commission.
The McCain and Obama campaigns released dueling economic ads on Thursday as well.
Today, Treasury Secretary Paulson said it would cost hundreds of billions of dollars to bail out investment banks in the current economic crisis.
Makes you wish they could return the war and get a refund: