The reality is that while McCain was a liberal on immigration, he was more of a fiscal-conservative than most of his colleagues during the Republican-control of Congress. His opposition to the Bush tax-cuts was based - as he stated at the time - on the failure to control spending at the same time. Traditional fiscal conservatism does believe in low-taxation, but it also believes in balanced-budgets - as exemplified by Reagan when he called for a constitutional-amendment to ban govt borrowing. I accept he was not a strong conservative on abortion, gay marriage and illegal-immigration however. In the past, McCain was not in favour of repealing Roe v Wade and even now he does not support the Federal Marriage Amendment. The reality is that no Republican - in hindsight - is likely to have been able to shake off the Republican association with the recession - and in some respects that is unfair because as stated earlier, the Democrats share the blame for the subprime crisis because Democratic presidents signed the Community Reinvestment Act 1977/1995 which forced financial-institutions into taking on diversity-quotas in spite of the fact that this meant - because African-Americans and Hispanics are poorer - taking on far more subprime borrowers. I am all for equality among citizens of different ethnic-groups, but in a way the CRA actually constituted discrimination, as it meant Caucasians were getting loans on less preferential terms than ethnic-minorities. It's another example of the damage Political-Correctness can cause when taken to extremes.



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