by Mark Silva
John McCain opened today with an old Irish joke about a couple of guys buying each other drinks at a bar and bit by bit discovering how much they have in common, even went to the same high school.
"The O'Reilly twins are getting drunk again,'' the bartender explains.
The green-garbed audience at the Irish-American Presidential Forum in Scranton, Pa., seemed to know the joke. "I'm proud to be the first Republican to appear before the forum,'' McCain, the Republican nominee for president, said to more cheers.
And before long, McCain was talking about a subject that hasn't been aired much lately: His vision for comprehensive immigration reform, helping some of the nation's 12 million undocumented immigrants find a "path to citizenship'' - including some 50,000 illegal Irish immigrants, as he noted in Scranton today.
The candidate pivoted quickly first to the bailout for Wall Street that the Bush administration is attempting to push through Congress this week.
"When we're talking about $700 billion of taxpayers' money, 'trust-me' is not good enough,'' McCain said. "Part of the reason we're facing this crisis is an antiquated system of regulatory agency.''
McCain, who has a record of allying with the Democrats on critical issues, is voicing a requirement that Democratic congressional leader also want to attach to any bailout: Limiting the pay that executives can collect from any of the financial institutions from which the government purchases bad mortgage debate.
"We can't have taxpayers footing the bill for bloated golden parachutes,'' said McCain, citing the collapse of Lehman Brothers, "where the top executives are asking for $2.5 billion in bonuses after they ran the company in the ground... The senior executives of any firm that is bailed out by Treasury should not be making more than the highest paid government official.''
McCain pledged to "fix the Wall Street mess, reform Washington... and get this country back on track....
"There are a couple of things we can learn from the Irish in that regard,'' said McCain, citing low taxes that have made the Irish strong international traders.
McCain also talked about another initiative with which he has allied with Democrats in Congress - an issue that the Republican who allied with Democrat Ted Kennedy on this hasn't been talking about much in the campaign: Immigration reform.
"I just want to remind you of a bit of history... I knew if I took on the issue of immigration, it was going to hurt me in my own party,'' said McCain, who struggled in his party's primary with a conservative base of voters who resent his advocacy of immigration reform.
This isn't the primaries any more. And McCain's Democratic rival, Sen. Barack Obama, has been going after McCain lately on immigration -- attempting to tag the Republican with radio's Rush Limbaugh and intolerant words that the talk show host has had for immigrants in Spanish-language ads airing in hotly contested Western states.