National Republican Senatorial Committee Chair John Ensign (R-Nev.) told reporters on a conference call this afternoon that Republican presidential nominee John McCain may have contributed to Republicans taking the blame for the economic crisis.
"John McCain - during the debates and even since that time -has allowed the idea that deregulation caused the financial crisis that we are in instead of showing the fact that it was overregulation during the Clinton administration," said Ensign, who argued it was legislation like the Clinton-era Community Reinvestment Act and "new market rules" that caused recent economic turmoil.
"John McCain in not answering that well," continued Ensign. "He allowed Barack Obama to have the upper hand and allowed Democrats to get the upper hand, basically blaming Bush and the republicans for the financial crisis and saying that it's a failure of our free market system, when this is actually a failure of government."
Ensign said, as a result, the potential of a 60-seat filibuster-proof Democratic majority in the Senate was being discussed.
"It's all because of the financial crisis that has hit the United States and because the Republicans are in the White House and about half the country thinks Republicans control the House and the Senate and we're getting blamed for this," said Ensign.
What about Kentucky?
The Nevada Republican said "6 or 7 races would determine the make-up of the Senate," but expressed a degree of comfort with U.S. Sen. Mitch McConnell's (R-Louisville) chances in Kentucky against businessman Bruce Lunsford (D-Louisville).
Some of that comfort evidently comes via consideration of McConnell's sizeable war-chest. The four-term incumbent had $5.7 million in cash-on-hand remaining at the end of Sept. compared to Lunsford's $1.2 million.
"The Democrats are obviously spending heavily there," said Ensign, referring to two new television spots his counterparts in the Democratic Senatorial Campaign Committee have put on air. "The good thing is Sen. McConnell has raised a tremendous amount of money to be able to defend himself there and allowed us to focus on other races."
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