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MoveOn Hits McCain On Economy Again

MoveOn.org's latest television commercial once again mocks John McCain for repeatedly using the phrase, "my friends" and suggests the candidate and his close advisers are to blame for economic troubles.

"John McCain's friend Phil Gramm wrote the bill that deregulated the banking industry and stripped the safeguards that would have protected us," the ad's announcer says, referring to the former Texas senator's authorship of a 1999 banking deregulation bill.

"John McCain's friend, Rick Davis, lobbied for Fannie and Freddie for years, defending them against stricter regulation," the ad continues. "And now? He runs McCain's presidential campaign."

It also features a clip of McCain stating "Deregulation was probably helpful to the growth of our economy" during a "60 Minutes interview last Sunday. McCain was answering a question regarding his support of Gramm's 1999 deregulation bill.

"Barack Obama's liberal allies are launching a partisan attack at the precise moment we should be putting politics aside and working to solve the problem," says RNC spokesman Alex Conant. "These sorts of false attacks by special interest groups are part of what's wrong with Washington."

The group spent at least $100,000 to air the ad on CNN and MSNBC during all dayparts, according to a group source. It started airing late last week and airs through today.

-- Ed O'Keefe

By Ed O'Keefe |  September 30, 2008; 1:15 PM ET Ad Watch
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