MC CAIN: TO REG OR NOT TO REG, THAT IS THE FLIP-FLOP

Here is a look at McCain’s back-and-forth on regulation during the last 24 hours:

- Deregulation: McCain issued a statement Monday morning saying that “we cannot tolerate a system that handicaps our markets and our banks.”

- Regulation: McCain’s campaign then put out an ad calling for “tougher rules on Wall Street.”

- Deregulation: This morning, on NBC’s Today Show, McCain said, “Of course, I don’t like excessive and unnecessary government regulation.”

- Regulation: Then, on CBS’s The Early Show, McCain said, “Do I believe in excess government regulation? Yes.”

- Both: On CNBC’s Squawk Box, McCain said, “We don’t want to burden average citizens with over-regulation and government bureaucracy...And I’m proud to be a Teddy Roosevelt Republican, who said, ‘unfettered capitalism leads to corruption,’ and we’ve got to fix this.”

Source: Think Progress