Politico's Mike Allen again promotes myth of McCain as straight-talker, who "resist[s] pandering"

SUMMARY: Politico's Mike Allen wrote, "It looks like Senator [John] McCain will resist pandering when he speaks later today on the housing crisis." Allen cited prepared remarks in which McCain said: "Let's start with some straight talk. I will not play election year politics with the housing crisis," and claimed that he has "always been committed to the principle that it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers." But Allen has yet to note that McCain said he does not think the Federal Reserve acted improperly by extending a $30 billion line of credit to facilitate the acquisition of the near-bankrupt investment bank Bear Stearns by JP Morgan Chase.

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