McCain blames Obama for the financial crisis

Republican presidential nominee John McCain Saturday used his weekly radio address to blame Barack Obama for a lot of the nation's financial troubles.

"I can't shake the impression that Barack Obama is trying so hard to exploit America's financial crisis that he hasn't really focused on how to solve it. He keeps talking about the past, too -- although in a very selective way," McCain told listeners.

"He leaves out certain details, like the part about how he was taking campaign money from the same executives of Fannie Mae and Freddie Mac who were causing America's financial crisis." Obama was one of the Senate's highest recipients of money from employees of the failed mortgage giants.

"Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in," McCain charged.

"But that doesn't prevent him from talking now as if he'd seen and warned about the coming crisis all along -- like some voice in the wilderness who went unheeded."

So how does the country solve its financial problems? McCain mentioned his Homeownership Resurgence Plan.

"Take some of the money that Congress has already committed to fixing our financial system and use it to give millions of homeowners a new mortgage and a fresh start. No default. No bankruptcy. No foreclosure. No deteriorating neighborhoods," he explained. "The United States government will support the refinancing of distressed mortgages for homeowners and replace them with manageable mortgages."

McCain then went after Obama again.

"The response from Senator Obama to my Homeownership Resurgence Plan was typical of his response to the entire crisis. First, Senator Obama tried to claim that it was really his idea. But if anyone believed that claim, they didn't believe it for long because the very next day Senator Obama and his campaign attacked my plan to stabilize mortgages," he said. "He claimed that the cost of the plan would place a burden to taxpayers -- this from the same guy who plans to increase federal spending by 860 billion dollars. In reality, the money will come from funds already committed under the rescue package passed by Congress. The funds aren't new, but the priorities will be when we put the financial strength of our government back on the side of working families."

Obama had his own views. In remarks prepared for delivery Saturday in Philadelphia, he charged "Senator McCain still doesn’t get it. Yesterday, Senator McCain’s campaign manager actually said that Senator McCain wasn’t talking about the market because there’s just not much a candidate for President can say – and they aren’t sure what he’d say each day even if he did talk about it.

"Last week, in the midst of the most serious economic crisis of our time, his campaign announced that they plan to 'turn the page' on the discussion about our economy so they can spend the final weeks of this election attacking me instead," Obama said.

Sen. McCain's radio address

Comments

[Imaami]

With the billions spent by Obama on this campain, he could of helped with the bail out of his supporters.. Wastefull spending at its best. How much money is going to be wasted with Washingtons spending after the election is over.. Bet if he wins the Ball is going to cost 3 Billion

[tom]

McCain makes me laugh. He has staff hired to do nothing but find loopholes in his own campaign finance bill so that he can cheat.

McCain won't he follow the laws that he wrote let alone any others.

What an absurd cadidate McCain is.

Shills in the audience....we're mad as hell...nonsense...

What's next on the McCain traveling circus sideshow?

Fascist rhetoric, unpatriotic sloganism mixed with hate and fear-mongering.

Immoral
Untruthful
Unpatriotic

That's McCainPalin

[Ivanv]

The laughingstock POW says that the wars, the banking crisis and his own rabble rousing campaign are Obama's fault.

It's a wonder that he doesn't blame the floods, hurricanes and fires on Obama too.

This is his 'kitchen sink and basement too' strategy.

Imaami, silly you. Instead of donating to Obama's campaign you're encouraged to send donations to the WH.

Also, Obama hasn't 'spent billions' as you say. If you give Obama $500,000,000 for this election, you'd have to multiply his expenditures by over 140 to reach $700,000,000,000.

[Ivanv]

Watch, in the next debate - mccain will do his old man walk, his curmudgeonly eye avoidance and his crude refusal to shake hands - mccain will throw another of his 'hail Marys.'

Maybe this time it'll be something about studying the credit crisis.

[Sergio]

It's really amazing to ignorant your readers are. It all must be the product of public education where within a generation American's have lost the ability to do critical thinking. I wouldn't say that the banking crises is Obama's fault, but the dem's are the ones who forced the banking industry to give high risk loans and since the Carter administration and it got worse with the Clinton administration and then when the dems took control of congress. Barney Franks was warned about the crises and he said every thing was fine. Again, be brave and strong and research the Community Reinvested Act and read all the opinions put out by people who actually want what is best for this country.

[WyattBeck@BowWowTicker]

McCain Enabled Our Economic Meltdown
Ivanv: yeah, back to Carter, then Clinton on this one......now, that's ignorant. You must get your low-information from talk radio or fox news. Here's some reading for you to do!
_______________________
www(dot)alternet.org/columnists/story/99234/mccain_enabled_our_economic_meltdown
______________________
www(dot)mccainslobbyists(dot)com
______________________
www(dot)mccainsource(dot)com
______________________
www(dot)keatingeconomics(dot)com
______________________
www(dot)rationalrevolution0(dot)tripod(dot)com/war/bush_family_and_the_s(dot)htm
______________________
Wachovia’s 8 million Loan to the Republican Party: Blackmail Money?

www(dot)firedoglake(dot)com/2008/10/11/wachovias-8-million-loan-to-the-republican-party-blackmail-money

[WyattBeck@BowWowTicker]

Oops, I meant for my previous post to be addressed to SERGIO, not IVANV.
___________
So, anyway Sergio, do some more reading here:

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout
www(dot)thinkprogress(dot)org/2008/09/22/mccain-campaign-lobbies-bailou
________________________
McCain on Special Interest, Lobbyists and DC Sleaze—What you should remember
www(dot)personals(dot)nymag(dot)com/blog/1069/post_78180.html?dcb=personals(dot)nymag(dot)com
_______________________
Media advance myth of McCain as lobbyist foe
www(dot)mediamatters(dot)org/items/200802260009
________________________
the McCAIN BUSH GRAMM foreclosure plan: called BIG BANK BAILOUT (4 more years of BUSH PILLAGE?)
www(dot)miami(dot)craigslist(dot)org/mdc/pol/850631984(dot)html
_______________________
G. Gordon Liddy: John McCain Finds His Own Radical Criminal Ties At A Fundraiser For McCain At Liddy's House
www(dot)huffingtonpost(dot)com/2008/05/05/g-gordon-liddy-john-mccai_n_100134(dot)html

[WyattBeck@BowWowTicker]

Oh, let's not forget about McCaniac's ties to Ayres:
__________________
David Kearns, Terrorist Sympathizer: Kearns worked for John McCain's 2000 campaign and works current for his 2008 campaign.
Pro Bono education advisor to Annenberg Foundation who approved $49.2 million grant to William Ayers.
Chairman of the Alexandria-based New American Schools Development Corporation (NASDC)—a 1991 school reform initiative of President George H. W. Bush; former Deputy Secretary of Education (1991–1993) under Secretary of Education Lamar Alexander in the George H. W. Bush administration; former president, CEO and chairman of Xerox.
________________________
Arnold R. Weber, Terrorist Pal: Weber has donated money to John McCain's 2008 Campaign. Served on founding Board of Directors of the Chicago Annenberg/Ayres Challenge. President of the Civic Committee of the Commercial Club of Chicago (1995–1999); member of the board of directors of the Arie and Ida Crown Memorial and the Tribune Company; former president of Northwestern University (1985–1994) and the University of Colorado (1980–1985); professor of labor economics and friend and colleague of George P. Shultz at MIT, the University of Chicago, and in the Nixon administration

[Ivanv]

Sergio,

I applaud you for discussing instead of merely screaming accusations.

But you're wrong.

Example: You resurrect Carter - the GOP's favorite to beat up on.

However, consider that Carter was an outsider to DC. No one would cooperate with him.

Anyway, the point is that you selectively choose info from the selectively chosen info from your sources.

[Ivanv]

McCain's a poor politician. He looks worse because of his erratic - he'd be erratic at any age - suggestions and his imbecilic accusations.

[Ivanv]

McCain would fail a debate class. His thinking also show that he believes that his is the only right way of seeing things.

He (McCain) says, "He keeps talking about the past .. in a very selective way..." Then we hear McCain talk about the past in his selective way while also creating events - lying - to fit the crowd.

"He...was taking campaign money..."
"Senator Obama was silent ..."

McCain then continues. His ONE suggestion to stabilize mortgages has been panned by everyone (except McCain).

His input on ideas announced previously by others is to insure the lenders while the homeowners remain as they are.

[Ivanv]

Sergio,

"...be brave and strong..." you write. If we agree with you we're 'brave' and if we follow you we're 'strong.'

If your word is that of a brave and strong person, then I am proud to be a weak coward.

[Ivanv]

Sergio,

"...be brave and strong..." you write. If we agree with you we're 'brave' and if we follow you we're 'strong.'

If your word is that of a brave and strong person, then I am proud to be a weak coward.