John McCain - Business

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Race and ethnicity should not be a factor in hiring and promotion. Regardless of race, ethnicity or gender the law should be equally applied.

Governments should not nationalize insolvent banks in response to the financial crisis. "...let these banks fail."

The SEC should reinstate the uptick rule. Sen. McCain also criticized Mr. Cox for eliminating a trading rule that acted as a speed bump to prevent short-seller from pounding a stock. The rule, known as the uptick

The United Auto Workers (UAW) union should agree to cut wages. McCain said the auto industry needs to limit high costs, salaries, wages and benefits for its workers "which will put them in line and make them competitive with foreign manufacturers in the United States."

The federal government should allow General Motors (GM) to file for bankruptcy. The best thing that could probably happen to General Motors, in my view, is they go into Chapter 11.

Congress should not enact the Employee Free Choice Act. McCain voted against the Act (on cloture motion)

It was not appropriate for the Obama Administration to force GM's CEO Rick Wagoner to resign. "So instead of sending General Motors and Chrysler into the pre-packaged bankruptcy they deserve, now have taken the unprecedented step of firing the CEO of General Motors,"

The U.S. federal government should not provide financial support to its auto industry. I think the best thing that could probably happen to General Motors, in my view, is they go into Chapter 11

The Obama Administration's handling of the auto bailout has been unsatisfactory. accused Obama Monday of “unprecedented window dressing” and said his plan didn’t go far enough.

The government should allow large banks to fail. McCain accuses Treasury of avoiding the "hard decision" to let "these banks fail."

Congress should implement a payroll tax holiday in light of the recession. "...more effective tax cuts, such as a payroll tax cut..."

The economic stimulus plan should not include a 'Buy American' provision. McCain amendment would have excluded "Buy American" provision.

The Treasury Department should block severance packages for Fannie and Freddie corporate executives. "They deserve nothing. They should be paying it back."

Congress should increase the cap on federally insured bank deposits. Voted in favor of HR 1424

Governments should infuse capital directly into failing banks as part of their response to the financial crisis. "I think its pretty clear that we had to take that action."

AIG should have been bailed out by the federal government. Bailout unavoidable

Lehman Brothers should not have been bailed out by the federal government. Pleased that the Federal Reserve and the Treasury Department did not step in to rescue U.S. investment bank Lehman

Fannie Mae and Freddie Mac should not be nationalized. "I will get real regulation that limits their ability to borrown, shrinks their size utnil they are no longer a threat to our economy, and privatizes and eliminates their links to the government."

The U.S. should enact a balanced budget amendment. "We've become totally fiscally irresponsible, and it's disgraceful"

The government should offer cash rewards to citizens for developing new technology. "We will encourage heroic efforts in engineering, and we will reward the greatest success."

Governments should not subsidize property insurance coverage for natural disasters. "I do not support a national catastrophic insurance policy."

Corporations should not pay heavier taxes on windfall profits. Windfall tax "is not a substitute for a viable and long-term energy strategy."

The U.S. should increase the cap on visas for skilled workers. McCain advocates "large-scale expansion of the H1-B program."

The U.S. should pass the U.S.-Colombia Free Trade Agreement. "This agreement was negotiated in good faith..."

The Federal Reserve should have more authority to supervise financial institutions. "Transparency and closer oversight is necessary."

Globalization ultimately will benefit America. "Ours can be the first completely democratic hemisphere..."

Globalization will ultimately benefit countries that are not part of the "first world." "With globalization, our hemisphere has grown closer, more integrated, and more interdependent."

The government should not provide financial assistance to homeowners facing foreclosure. “It is not the duty of government to bail out and reward those who act irresponsibly."

There should be no federal minimum wage. One of 28 Senators to vote for an Amendment to abolish the Federal Minimum Wage

The U.S. economy will not go into recession in 2008. McCain: "I don't believe we're heading to a recession."

Free trade is necessary for economic development. "Free trade should be the continuing principle that guides this nation's economy"

The U.S. should allow foreign ownership of its airlines. Should applaud "freer and more robust commercial relations with our neighbors across the Atlantic"

The U.S. should end agricultural subsidies. McCain: "I oppose subsidies"

Congress should increase the federal minimum wage. McCain says it's been too long.

Outsourcing improves the US economy. McCain Believes Outsourcing Keeps Troops Safe and Then Some

EVIDENCE: Should the government provide financial assistance to homeowners facing foreclosure? Yes

EVIDENCE: Will the U.S. economy go into recession in 2008? Yes

EVIDENCE: Should Congress follow "pay as you go" budget rules? Yes

EVIDENCE: Should bankruptcy courts have the power to adjust home mortgages? No

UNKNOWN: Is there a "Housing Bubble" in American cities?