McCain Effectively Ties Obama to Credit Crisis

[cwo_ghwebb]

John McCain shifted gears in Iowa today and reminded voters in Cedar Rapids that he predicted the outcome of the credit crisis two years ago, and few bothered to act. McCain also aggressively painted Barack Obama as a prime example of do-nothing politicians co-opted by lobbyist money. His speech pointed out the amount of money Obama has received from Fannie/Freddie donors and the advisers he uses that helped create the crisis (emphases mine):

Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. He put Fannie Mae’s CEO who helped create this disaster in charge of finding his Vice President. Fannie’s former General Counsel is a senior advisor to his campaign. Whose side do you think he is on? When I pushed legislation to reform Fannie Mae and Freddie Mac, Senator Obama was silent. He didn’t lift a hand to avert this crisis. While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sowing the seeds of the financial crisis we see today and enriching themselves with millions of dollars in payments. That’s not change, that’s what’s broken in Washington.

He also goes after the Brave Sir Robin Congress:

Those same Congressional leaders who give Senator Obama his marching orders are now saying that this mess isn’t their fault and they aren’t going to take any action on this crisis until after the election. Senator Obama’s own advisers are saying that crisis will benefit him politically. My friends, that is the kind of me-first, country-second politics that are broken in Washington.

And he rips Joe Biden and his comment this morning about taxes being “patriotic”:

Today Senator Obama’s running mate said that raising taxes is patriotic. Raising taxes in a tough economy isn’t patriotic. It’s not a badge of honor. It’s just dumb policy.

McCain has the issue well diagnosed. Obama has yet to have it explained to him. Biden should bicycle around Delaware and consult every one of his constituents. That will stop him from making another gaffe for at least one day.




McCain goes on offense, links Obama to credit crisis

[itsbob (Premo)]

6 1/2 weeks to go??

[Xaquin44]

yeah, fannie mae and freddie mac were what? 800 billion in debt?

I don't this this was entirely obamas doing lol

[itsbob (Premo)]

Originally Posted by Xaquin44

yeah, fannie mae and freddie mac were what? 800 billion in debt?

I don't this this was entirely obamas doing lol

Is he speaking out about the adjournemnt in the middle of this crisis?

How many bills did he write to prevent it? How many times did he vote in favor of McCains bills to prevent this from happenging?

It isn't his fault, but he didn't do anything to help either.

[Xaquin44]

Originally Posted by itsbob

Is he speaking out about the adjournemnt in the middle of this crisis?

How many bills did he write to prevent it? How many times did he vote in favor of McCains bills to prevent this from happenging?

It isn't his fault, but he didn't do anything to help either.

apparently no one else did.

[cwo_ghwebb]

Originally Posted by Xaquin44

yeah, fannie mae and freddie mac were what? 800 billion in debt?

I don't this this was entirely obamas doing lol

Of course it's not entirely Obama's doing. I don't believe I said that nor did the article. He didn't do anything (along with the rest of his colleagues). Plenty of blame to go around. Hard for Obama to solve a problem when he never saw it coming. But he did advocate the policies that caused the overwhelming debt.

[itsbob (Premo)]

Originally Posted by Xaquin44

apparently no one else did.

You mean, nobody other than McCain??

It's ok, if it's the truth even a democrat can say it.

They aren't going to kick you out of the club are they??

[Xaquin44]

Originally Posted by cwo_ghwebb

Of course it's not entirely Obama's doing. I don't believe I said that nor did the article. He didn't do anything (along with the rest of his colleagues). Plenty of blame to go around. Hard for Obama to solve a problem when he never saw it coming. But he did advocate the policies that caused the overwhelming debt.

well yeah, but that's not linking him to it directly is all I'm saying.

[pcjohnnyb (Premo)]

Originally Posted by itsbob

You mean, nobody other than McCain??

It's ok, if it's the truth even a democrat can say it.

They aren't going to kick you out of the club are they??

What did McCain do?
I'm not saying he didn't do whatever he's claiming he did, I'd just like to see proof and not take his word as gospel

[Xaquin44]

Originally Posted by itsbob

You mean, nobody other than McCain??

It's ok, if it's the truth even a democrat can say it.

They aren't going to kick you out of the club are they??

couldn't tell you, I've never been a member.