McCain continues to demonstrate that he doesn't have a clue, and doesn't have a single principle
to anchor him:
Asked whether he agreed with the government bailout of insurance giant American International Group on today's "Good Morning America," Sen. John McCain answered ambiguously, in stark contrast to a Tuesday interview where he adamantly opposed it.
"I didn't want to do that. And I don't think anybody I know wanted to do that. But there are literally millions of people whose retirement, whose investment, whose insurance were at risk here," the Republican presidential nominee told ABC News' Robin Roberts, sounding somewhat accepting of the Fed's action on AIG.
"They were going to have their lives destroyed because of the greed and excess and corruption," McCain said.
But on Tuesday, the day following Lehman Brothers' collapse after the government declined to bail out the 158-year-old bank, McCain was opposed to the notion that the government should act to save AIG, teetering on the brink of collapse itself.
McCain was adamant in an interview with "The Today Show." "No, I do not believe that the American taxpayer should be on the hook for AIG, and I'm glad that the Secretary [Henry] Paulson has apparently taken the same line."
NBC's Matt Lauer pressed McCain: "So, if we get to the point, in the middle of the week when AIG might have to file for bankruptcy, they're on their own?"
McCain replied, "Well, they're on their own. We cannot have the taxpayers bail out AIG or anybody else. This is something that we're going to have to work through."