We already know that Senator John McCain’s economic plan would give some $4 billion in handouts to Big Oil at a time when they are gouging the public and making record profits. We also know that John McCain dramatically reversed himself in June regarding the federal ban on offshore drilling. He changed his position on the issue conveniently just before a fundraising trip through Texas. According to a story in the Washington Post, the move allowed him to cash in big time.
Oil and gas industry executives and employees donated $1.1 million to McCain last month compared to only $208,000 in May. The vast majority of McCain’s fundraising in June came after his June 16 speech reversing his own position on the offshore drilling ban. These specific interests have never really been big supporters of McCain, but it looks like he has found a way to change that. Unfortunately it involves dramatically changing positions at the expense of the public, the environment, and his own personal integrity.