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Obama Attacks McCain as an Economic Risk

September 15, 2008 5:34 PM

In Jacksonville, Fla., this morning, Sen. John McCain, R-Ariz., repeated a line Democrats have been using against him for months.

"The fundamentals of our economy are strong," he said.

McCain also said that “these are very, very difficult times,” but the window had been opened.

Sen. Barack Obama, D-Ill., and his running mate, Sen. Joe Biden, D-Del., had already planned to attack McCain on the economy, and with the bad Wall Street news about Merrill Lynch and Lehman Brothers, McCain’s remarks provided an easy opportunity to paint the Republican as out of touch.

“We just woke up to news of financial disaster, and this morning he said that the fundamentals of the economy are still strong,” Obama told an estimated crowd of 5,800 at the Cross Orchards Historic Site in Grand Junction, Colo.  “Sen. McCain –- what economy are you talking about?

“What’s more fundamental than the ability to find a job that pays the bills and can raise a family?” Obama asked, his voice rising. “What’s more fundamental than knowing that your life savings is secure, and that you can retire with dignity?  What’s more fundamental than knowing that you’ll have a roof over your head at the end of the day?”

At a rally at South Lake High School in St. Claire Shores, Mich., Biden chimed in, as well, saying, “just as George Herbert Walker Bush was nicknamed ‘Bush 41’ and his son is known as ‘Bush 43,’ John McCain could easily become known as ‘Bush 44.’” Hammering McCain’s remarks in Jacksonville, Biden said, “Friends, I could walk from here to Lansing, and I wouldn’t run into a single person who thought our economy was doing well, unless I ran into John McCain.”

McCain has been making the same basic argument for months, as in June (watch HERE) or in August, when he told Laura Ingraham on her radio show, “I still believe the fundamentals of our economy are strong. We’ve got terribly big challenges now, whether it be housing or employment or so many of the other -- health care. It’s very, very tough times. It’s very tough. But we’re still the most innovative, the most productive, the greatest exporter, the greatest importer. Every new advancement, literally, in technology that has created this new economy throughout the world, has come from the United States economy. Do we have a lot of things to fix, do we have big challenges? Yes. But I also believe America’s best days are ahead of us.”

Obama often takes the optimistic statement about the economy and extricates it from its myriad qualifiers to suggest that McCain doesn’t know that there are problems economically.

McCain in the past has shrugged off his opponent’s frequent out-of-context use of his quote, but today, McCain quickly tried to revise and extend his statement (as is senatorial prerogative), suggesting some concern, if not panic, by the McCain campaign.

In an Orlando afternoon event, McCain sounded quite a different note on the economy, saying, “The American economy is in crisis, it is in a crisis. People tonight will be sitting around the kitchen table trying to figure out how they’re going to stay in their homes, how they’re going to keep their job, how they’re going to put food on the table. And America is in a crisis today and unemployment is on the rise and our financial markets are in turmoil.”

McCain also offered a new definition of what the “fundamentals” were that he was calling strong; He said he’d been merely referring to the American worker.

“My opponents may disagree, but those fundamentals, the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America, and I think they’re strong,” McCain said. Those fundamentals, he did add, “are being threatened today because of the greed and corruption some engaged in, in Wall Street and we have got to fix it.”

This seemed a different definition than the one McCain offered in April, when he told Bloomberg News “the fundamentals of America's economy are strong. We're the greatest exporter, the greatest importer, the greatest innovator, the greatest producer, still the greatest economic engine in the world. And, by the way, exports and free trade are a key element in economic recovery.”

Obama had already been planning on attacking McCain on the economy, and he today blamed "the most serious financial economic crisis since the Great Depression” on “the economic policies (McCain) subscribes to, ... a philosophy that says even common sense regulations are unnecessary or unwise."

Obama observed that a new TV ad for McCain and his running mate, Alaska Gov. Sarah Palin, borrows one of Obama's trademark lines, saying McCain and Palin offer, "leadership, experience, for the change we need."

"Instead of borrowing some of my lines, he needs to borrow some of my ideas," Obama said. "Change isn't about slogans -- it's about substance."

Obama also said that "it's great that (McCain) now wants to talk about putting corporate lobbyists in their place. But he needs to explain why he put seven of them in charge of his campaign."

Listing some of the corporate interests those McCain campaign officials work for, Obama said, "If you think they're working hard to put themselves out of business, then I’ve got a bridge to sell you up in Alaska," a reference to the "Bridge to Nowhere" that Palin has taken credit for killing, though she supported the project before changing her mind on it.

But for all the talk of McCain borrowing Obama’s slogan, Obama borrowed from McCain, as well.

Whereas McCain constantly paints Obama as a risk on national security issues, Obama said McCain was a risk, economically, for the nation.

“We know if we go down that path, then the next four years will look exactly like the last eight,” Obama said. “So, when you walk into that voting booth in 50 days, ask yourself: can your family afford to take a chance on an economic policy that offers $200 billion in tax breaks to the biggest corporations, including the oil companies, but not one penny of relief to more than 100 million Americans? ... Can you afford to take a chance on a health care plan that would tax your benefits for the first time in American history? Or an education plan that does nothing to help your kids pay for college? Or a retirement plan that will privatize social security and gamble your life savings on the stock market? Because those are his plans, those are his ideas.

“That’s not a risk I’m willing to take,” Obama said.

-- Jake Tapper and Sunlen Miller

September 15, 2008 | Permalink | User Comments (156)

User Comments

The fact that Palin is still flaunting her "fighting" of the Bridge to Nowhere even when all the news media, conservative or liberal, have all cast considerable doubt on it makes me wonder what on earth they are thinking.

And McCain still scarily believes in the same economic policies Bush has supported-even with the effects of it finally being seen.

Look, we are already in a debt running into trillions over the Iraq war, because Bush thought we could wage a "cheap" war (he left out the part that China and some other countries were picking up the tab for now-but charging interest and are one day going to ask for bill). And now because of these disastrous policies, the economy is literally in pieces.

McCain himself may not be able to finish his term-I am not wishing him ill-but at his age and the fact that he has had brushes with cancer are concerns. This is considerably more so looking at who will take over him should that happen-Palin, who is shaky on foreign policy and left Wasilla swimming in debt over a sports hall-anyone want to bet what she will do to the economy?

Posted by: Grey Matter | Sep 17, 2008 8:39:38 AM

FactOid,

If, in fact Clinton is responsible,
The Republicans with their insight into
such matters had 8 years to remedy the situation and they failed to.

So what is your argument for allowing them to continue doing what they always do?

Hoover, Reagan, Bush II

Posted by: Leonard Peltier | Sep 16, 2008 8:14:39 AM

Herbert Hoover
Ronald Reagan
George W. Bush

What do these men share in common?
They all left office with a massive
debt for the incoming president.

Posted by: Leonard Peltier | Sep 16, 2008 8:12:06 AM

Todays financial crisis can be traced to:

In 1999, President Clinton signed the Financial Services Modernization Act, which tore down Glass-Steagall's reforms by removing the walls separating banks, securities firms and insurers. (which was created after the bank failures that caused the great depression)

Under President Clinton and his successor, the government became eager to promote home ownership. Interest rates were low, the market grew for loans to borrowers with weak credit and private-sector mortgage bonds boomed. About 38 percent of those bonds were backed by subprime loans. They are at the root of today's financial crisis.
src: McClatchey


Bill Clinton also gave China "most favored Nation" status, a noble cause that even republicans like Newt Gingrich agreed with, as constructive engagement. However, it can be argued that the playing field is not fair and Chinas importing to the US of cheap sweat shop goods, US companies moving jobs overseas in order to compete, and the resulting Chinese appetite for petroleum to support the resulting 10% plus growth, have contributed heavily to todays high fuel prices. More of our own consumer driven madness contributing to our economic decline.

Posted by: FactOid | Sep 15, 2008 10:13:56 PM

JOHN MCCAIN during the banking and housing crisis:
"The fundamentals of the economy are strong."

HERBERT HOOVER during the Great Depression:
"The economy is fundamentally sound."

McCain just doesn't get it. Vote Obama.

Posted by: VoteObama | Sep 15, 2008 9:43:37 PM

Economic risk.

In contrast to Obama's economic record of.....of....of.....of......of...

Posted by: drjohn | Sep 15, 2008 9:07:34 PM

Tim,

If our intel was so great, why would the other countries not support us in Iraq as they did in Afghanistan?

Posted by: Mack | Sep 15, 2008 8:33:55 PM

Ron Paul knows economics. He predicted this state of affairs YEARS ago. Google it. There is also a video of him speaking on the House floor in opposition to the Iraq War BEFORE IT BEGAN. His words are chillingly prophetic. Google it. Facts are facts.

Posted by: Neo | Sep 15, 2008 8:14:02 PM

Why is the media so bias towards Obama?
There is something very wrong in our society when the media selects a candidate as a favorite.
Have we not learned from history where such blind worship leads? ...
Posted by: Julie Alton | Sep 15, 2008 7:58:12 PM

Media bias TOWARD Obama? In case you haven't been around this year, all I've seen is Obama unfairly attacked over something as ridiculous as using a coloquialism as old as the hills (lipstick on a pig). Obama, and his wife, have been picked to pieces by the media. Get real. Everyone here has seen it and heard it, so you're republican talking point about how the media is being unfair to McCain is bogus, and you know it.

One can only hope voters have learned from history where blind worship leads. Blind worship lead to George Bush. And look at what that did for our country. Don't let blind worship of the republican party do the same for us by electing McCain.

Put country first! Vote for Obama.

Posted by: Russell4America | Sep 15, 2008 8:04:59 PM

Obama being a threat to our country? How stupid. You think he played President while in Iraq? What about McCain & Georgia? Since his lobbyist for Georgia/campaign advisor was still lobbying for Georgia while involved in McCain's campaign-McCain acted like HE was the President. He (and his lobbyist advisor) have a wonderful relationship with Georgia. It's no wonder he had the reaction he did against Russia. Do you really think McCain would be reluctant to send our troups into Georgia, Russia, Iran, etc.? According to Palin-not even blink first. That's frightening.

Posted by: Debbie | Sep 15, 2008 7:55:49 PM

If McCain wins, it is the absolute death of this country... 8 years a go when Bush-Chaney-McCain took office, we were a wealthy, prosperous, and economically solid nation... After 8 years of disastrous policies, we are on the verge of bankruptcy. The people are broke, the airlines are broke, the automakers are broke, the banks are broke, the financial institutions are broke, and the GOVERNMENT IS BROKE. If Bush-McCain win again, we have no where else to go, but into our graves. IT IS THAT SIMPLE!!!!

Posted by: John | Sep 15, 2008 7:49:43 PM

ok, first off, the only issue that you put up there that remotely has any relevance on a vote would be the bridge to nowhere. and i dont think she did anything wrong. the plane she sold(because she actually wanted to save money and not waste it, hard to imagine i know) didnt lose money. read the facts, dont spread rumors. they werent trying to MAKE money on it, just to get rid of it. cooks?! you're seriously going to talk about her cooks as a voting issue! not even worth a reply. these are all idiculous claims ...
Posted by: tim | Sep 15, 2008 7:40:34 PM

What's wrong, Tim, is that SHE LIED ABOUT IT. Tell me, honestly, if she were the dem nominee, wouldn't you pick her to pieces over the fact THAT SHE LIED? Be honest. Anything to the contrary would be a lie, and you know it. We have had enough lies for the last 8 years. Doesn't it seem curious to you that all we hear from McCain and Palin are attacks and lies? Doesn't that make you think that's all they have to offer? Are you truly happy with our country for the last 8 years? Think it will be any better under McCain? This is our country for God's sake. Yet all we do is bicker over stupid things like lipstick on a pig (yet another typical republican distraction tactic). Love your country first. This is too important a vote to waste on McCain, someone who will just finish the job of putting this country in the toilet.

Posted by: Russell4America | Sep 15, 2008 7:48:56 PM

"She said she killed it which she did. She never said that she was never for it. Sheesh. Words matter."

I told Congress Thanks but no thanks on the bridge to nowhere, if Alaska wanted the bridge we would build it ourselves.

Several lies in this one done ad naseum but since right wingers have political amnesia, it becomes necessary to repeat

a) She was supportive of the bridge until 2007 even campaigning partially on that support for Gov in 2006.
b) She did not return the earmarked funds. They were instead (with Congress's permission) for other transportation projects.
c) Upon having most of the funding pulled for the bridge by Congress, Palin killed the bridge.

So "thanks but no thanks" was a lie because she supported it and took the money anyway and the 2nd part of her quote was a lie because the moment the fed earmark was gone so was the bridge.

Other lies told by her include "I have nothing to hide and will fully cooperate with this investigation"

Posted by: Ryan C | Sep 15, 2008 7:48:08 PM

Actually according to some reports, she didn't even kill it. It is still going on - albeit in a much smaller form - with some of the funds from the federal government.

Posted by: johnTX | Sep 15, 2008 7:46:21 PM

russel...

ok, first off, the only issue that you put up there that remotely has any relevance on a vote would be the bridge to nowhere. and i dont think she did anything wrong. the plane she sold(because she actually wanted to save money and not waste it, hard to imagine i know) didnt lose money. read the facts, dont spread rumors. they werent trying to MAKE money on it, just to get rid of it. cooks?! you're seriously going to talk about her cooks as a voting issue! not even worth a reply. these are all idiculous claims, and lets be honest. the left just HAS to have something to pick on and if this is the best you can dig up on her then i say, she has done good. but just let me ask you this... what do youfeel about all of baracks baggage and scandals he has had in the past? they are actually issues that can be used to judge his character? im sure you arent bothered by any of these that are PROVED to be correct?

Posted by: tim | Sep 15, 2008 7:40:34 PM

John McCain says that he will end golden parachutes for CEOs...but one of his own economic advisors, Carly Fiorina got a HUGE bonus, even though she was fired from HP. John McHypocrite at it again!

Posted by: Rick | Sep 15, 2008 7:39:46 PM

"I guess you haven't heard: The "bridge to nowhere" Palin claims to have been against, she was actually for it."

She said she killed it which she did. She never said that she was never for it. Sheesh. Words matter.

By the way, Barack voted and supported this earmark until it was killed off - by Gov. Palin. But it's not like ABC News will ever report that....

Posted by: b | Sep 15, 2008 7:39:36 PM

Mack,
Your guy isn't admitting there is a problem occuring - he is saying that the FUNDAMENTALS of our economy are NOT strong. Problems can be fixed. Maybe both of you don't quite know what fundamentals mean! And yes - BHO is unpatriotic in my eyes, and he will run America into the ground. He was supposed to bring the country together, his mantra was hope - I have never seen America more divided, and where is the hope! McCain believes America is already a great country - BHO believes America is a mean-spirited country and he has to make it great! NOBAMA, please!

Posted by: Beckie | Sep 15, 2008 7:36:41 PM

"I think the tone of this whole campaign would have been very different if Senator Obama had accepted my request for us to appear in town hall meetings all over America," John McCain.

Brian Rogers "We ran a different kind of campaign and nobody cared about us. They didn't cover John McCain. So now you've got to be forward-leaning in everything."

See, the McCain campaign couldn't get traction with a media still jazzed about Clinton vs Obama. They needed Obama to bring some spotlight their way. So they resorted to gutter politics. And in some degrees that has worked, so why stop now.

Obama offered to have a debate July 4th.

McCain said no.

Posted by: Ryan C | Sep 15, 2008 7:35:18 PM

simple question for you: what is she lying about and give me your proof?
Posted by: tim | Sep 15, 2008 7:22:05 PM

I guess you haven't heard: The "bridge to nowhere" Palin claims to have been against, she was actually for it. She actually lobbied hard for it. When it became politically bad for the republicans, she then claimed to be against it. The plane she claims to have sold on Ebay, well, as it turns out, she didn't really sell that plane on Ebay. The plane had to be sold by the state, and the state lost money on it to the tune of $600,000. How about that cook she claims to have fired, you know, the one in the governors mansion--as it turns out, she didn't fire that cook at all, she just changed the woman's title, yet kept her at the mansion, cooking. Were you aware that Palin is being investigated for ethics violations in Alaska? Did you know she tried to get her ex-brother-in-law fired from the Alaska state troopers, only to have the troopers say thanks but no thanks to her demands that he be fired? Did you know that Palin was censured by the court because she was harassing her ex-brother-in-law?

I think, and republicans would be lying to deny this, if Sarah Palin was a democrat, for the lies mentioned above alone, republicans would tear Palin to shreads.

I'm asking you and everyone here to really put country first. To quit defending these shames to democracy that McCain and Palin are.

These are indeed dangerous times for our country. We need Obama now. We need the change his presidency will provide. Vote Obama.

Posted by: Russell4America | Sep 15, 2008 7:33:55 PM

"You'll get your chance to see McCain and Obama debating in 3 televised debates."
-----
Who'll be manning the input to Obama's wireless ear implants on THOSE fake occasions?

Posted by: Belle Starr | Sep 15, 2008 7:32:13 PM

congress rick. congress.

Posted by: tim | Sep 15, 2008 7:30:20 PM

"Barack has received 100Ks in campaign money in just a few years"

Obama got maybe $100,000 total from Fannie Mae and Freddie Mac employees.

But hey right wingers have to lie.

Telling the truth causes them to break out in hives or something.

Posted by: Ryan C | Sep 15, 2008 7:29:41 PM

Wanna know who to vote for? Look at your 401k...mine is down by 20% this year. The Republicans claim to be friendly to business. But why does the market suck so bad under GOP (Bush, Paulson) control?

A vote for McCain is a vote for bank failures, bailouts, and depression.

Posted by: Rick | Sep 15, 2008 7:29:13 PM

"Change isn't about slogans -- it's about substance." - Barack Obama

Okay, Mr.Obama where then is that comprehensive economic reform package that you "reached across the isle" in the senate to produce. What's that? The sound of crickets chirping?

Posted by: b | Sep 15, 2008 7:25:54 PM

Why can't McCain and Obama get together in a Town Hall meeting and just simply answer the questions that need to be answered instead of all this "back and forth"? Can Obama debate without his teleprompter? I heard he even took it to the Rodeo today so he could set it up for his speech.
Posted by: susie | Sep 15, 2008 7:15:20 PM

Can McCain tell the truth, Susie? Can McCain remember details without Joe Lieberman whispering into his ear? Can McCain hold fast to one position without flipflopping? The answer to those questions is a resounding NO. I encourage all here to research McCain's voting record on our troops, our veterans, women's issues, the environment, the economy, etc. Research the issues and what you'll learn about McCain will anger you, sadden you, and disgust you all at the same time. John McCain does NOT put country first. He puts it dead last. All McCain wants to do before he dies is to be the president. Smart people won't give him that wish. Smart people will vote for Obama -- based on the issues, not lies.

You'll get your chance to see McCain and Obama debating in 3 televised debates. You need "townhall" meetings too?

If you really put country first, you'll vote on the issues, and you'll vote for Obama. A vote for McCain is a vote for destroying the United States.

Posted by: Russell4America | Sep 15, 2008 7:25:13 PM

jason...

where is the proof on that? what makes you say that?

Posted by: tim | Sep 15, 2008 7:23:18 PM

Obama is a hypocrite. His economic team is headed by two individuals who bilked Americans for millions in compenstation through Freddie Mac and Fannie Mae and Obama himself is Number 3 in receiving contributions from both of these guys. Barack has received 100Ks in campaign money in just a few years. He's simply on the take from these guys and his faux outrage is nonsense. Freddie and Fannie started this mess here and Obama is only lashing out now because he knows he's apart of the problem.

Posted by: b | Sep 15, 2008 7:23:06 PM

"Why can't McCain and Obama get together in a Town Hall meeting and just simply answer the questions that need to be answered instead of all this "back and forth""

Because John McCain is not interested in town halls anymore.

His interest stemmed from the free publicity they would generate.

His campaign has basically stated that if they had town halls meetings and McCain was getting the attention he deserved they would not have gone negative this summer.

So basically because Obama would not play their game they feel justified in villifying him to get attention.

That's how psychopathic this McCain campaign is.

Posted by: Ryan C | Sep 15, 2008 7:22:16 PM

russel4america...

simple question for you: what is she lying about and give me your proof?

Posted by: tim | Sep 15, 2008 7:22:05 PM

Tim, the world agreed with the Bush representation fo the intel we had. He did lie, in that he denied the actual facts he was given and substituted his own.

Posted by: Jason | Sep 15, 2008 7:21:39 PM

mack...

thats not what i was saying.. lol you jumped issues on me. you made it seem like you were doubtful that the intel the bush admin. gave to the congress to vote on was not credible. i simply said that the rest of the world agreed with the intel. i said nothing about the rest of the worlds response if we were to go into iraq. you made a typical "bush lied" statement and i just wanted to correct you that if he lied, he did a pretty good job seeing that the rest of the world agreed with the intel we had.

Posted by: tim | Sep 15, 2008 7:16:56 PM

As if Obama knows anything about the economy to be criticising MCCain.

Obama is a KNOW-NOTHING with even LESS EXPERIENCE than Palin and he dares criticise Palin or MCCAIN.

And Palin is only running for VP...

Obama is not only a know-nothing, he is also a DO-NOTHING ... has not brought about a SINGLE reform in the State Senate or US Senate but has somehow found time to write 2 memoirs.

Palin has brought about much reform and done MUCH in the state of Alaska ... What the hell has Obama ever done, except write memoirs, to even dare criticise Palin or MCCAIN.

Obama is the greatest POLITICAL CONMAN OR FRAUD TO DESCEND ON AMERICAN POLITICS ...

The Presidency is NOT A JOURNEY FOR SELF DISCOVERY ... AND OBAMA IS USING CHANGE TO PROMOTE HIS CAREER ... THAT IS ABSOLUTELY CORRECT.

OBAMA CARES NOTHING ABOUT CHANGE AS SHOWN BY HIS RECORD OF NOT HAVING BROUGHT ANY CHANGE ANYWHERE ANYTIME ...

Posted by: NOOBAMA08 | Sep 15, 2008 7:16:50 PM

You've got to be kidding, Belle. Sarah Palin is a proven liar time and time again. The only conviction she's shown any courage in is telling the same lies over and over again until she thinks people will be dumb enough to believe she's telling the truth.

Posted by: Russell4America | Sep 15, 2008 7:15:42 PM

Why can't McCain and Obama get together in a Town Hall meeting and just simply answer the questions that need to be answered instead of all this "back and forth"?

Can Obama debate without his teleprompter? I heard he even took it to the Rodeo today so he could set it up for his speech.

Posted by: susie | Sep 15, 2008 7:15:20 PM

"Trusting Republicans to put in place strong regulation is insane. It is the antithesis of everything they believe."

Well put JohnTx

Posted by: Ryan C | Sep 15, 2008 7:14:12 PM

Furthermore, the idea that the laws for regulation are outdated is insane. The truth is that there is plenty of regulation on the books. The Bush Administration's SEC, FDIC and Fed essentially fell asleep the switch.

Bush is so against regulation that the SEC essentially let the banks ignore Sarbanes Oaxley which led to a lot of this mess.

Make no mistake. The Bush Administration - the Executive branch of this government, is directly responsible for this mess.

Posted by: johnTX | Sep 15, 2008 7:13:05 PM

dan...

you dont get it man!! obama is the man!!! once he gets in there, im totally confident he can fix our economy, get us out of the "republican" debt, and find money to pay for everything he wants to do... oh wait, THAT COULD NEVER POSSIBLY HAPPEN. so which is it for those on the left? do you want to REALLY fix our economic crisis (stop the spending) or spend more to get what he wants? your choice apparently...

Posted by: tim | Sep 15, 2008 7:13:05 PM

tell me briefly, what is the truth on sarah palin? im one of tose who dont know...
-----
The important thing about Palin is that she has a working-class background, the courage of her convictions, and -- like McCain -- didn't actually buy or extort her way into the presidential contest.

Posted by: Belle Starr | Sep 15, 2008 7:11:29 PM

What happened to Barack the optimist? The uniter? Too bad, I would have voted for that guy....but not this guy.
Posted by: Jeremy | Sep 15, 2008 5:47:28 PM

What happened to McCain the "maverick?" Answer that question, Jeremy. Answer it now. And while you're answering it, please give specifics about what exactly it is that McCain did to earn the title of "maverick." While you're at it, give us all the details of what exactly it is that makes Sarah Palin a "maverick." I'm betting there will be zero response from you because you have nothing to offer other than tired republican talking points.

Posted by: Russell4America | Sep 15, 2008 7:10:52 PM

During the depression 50% of the homes were in foreclosesure. Today it is less than 5%.

In 1987 the stock market fell 500+ points in one day. That was a 25% drop. Today it fell 500 points, which is a 4.5% drop.

Obama is all doom and gloom - hoping that will get him elected.

He wants to give handouts to those who don't even pay taxes and kill small business.

Posted by: susie | Sep 15, 2008 7:10:44 PM

tim,

I seem to recall many countries saying if we went into Iraq, we were on our own. Very few countries backed us on Iraq. They did back us on Afghanistan, where it was proved the Taliban supported the terrorist attacks. Our only major backer was Britian, and ask the Brits what they thought of Blair backing Bush's play in Iraq.

Posted by: Mack | Sep 15, 2008 7:09:19 PM

la in indiana..

wow, no reply to the simple question on why obama is more qualified to handle the economy than mccain? man, i would have never guessed that. just another on the left who comes in here and punches and runs...

Posted by: tim | Sep 15, 2008 7:09:08 PM

It takes a certain amount of chutzpah to blame Democrats for deregulation of the banking sector while at the same time claim the Democrats are for increasing government size and regulation.

Let's be clear here: McCain's finance adviser pushed this deregulation.

Trusting Republicans to put in place strong regulation is insane. It is the antithesis of everything they believe.

Posted by: johnTX | Sep 15, 2008 7:07:05 PM

Y...

tell me briefly, what is the truth on sarah palin? im one of tose who dont know...

Posted by: tim | Sep 15, 2008 7:06:20 PM

Mccaine- the change candidate? Haha. Yes he had changed his position to most of the issues. Don't trust him at all.
Palin a Wacko? That is a kind word. She keeps talking about Ebay and bridge to no where. She thinks people don't know the real story. She has convinced her self with her own lies and can't tell the difference now. She is more than a Wacko.

Posted by: Y | Sep 15, 2008 7:04:10 PM

Obama must drop all other lines of attack - forget Palin - and just hammer on the economy. He needs to make voters care only about that issue.

http://www.political-buzz.com/

Posted by: matt | Sep 15, 2008 7:02:53 PM

ABC = Barry and Biden all the time. Must protect investment.

Posted by: Mack | Sep 15, 2008 7:01:04 PM

El_Pajaro:

I agree with your post. Why doesn't everyone just listen to the smart economists and do what they say, whatever that is? Obama doesn't say anything except how bad everything is and McCain doesn't seem to know what to do either...

Posted by: Wade | Sep 15, 2008 7:00:58 PM

Okay, great, but Obama still refuses to even highlight which regulation was a problem, and what would help now. And no, giving $1000 or more to individual taxpayers will not stabilize the markets.

Apparently, no one knows what to do about the economy (including McCain)...

My sense is that there are some things, such as too-clever-by-half investment plans and mortgage contracts, (I don't pretend to know a lot about how this all came about...) that are likely very difficult to regulate in a free market economy until after the fact.

Posted by: Wade | Sep 15, 2008 6:58:58 PM

Biden is saying this in Michigan, a former economic powerhouse destroyed by massive democrat taxing of businesses and the energy crisis, specifically the oil. Obama and Biden do not support drilling, and raising taxes even more for those businesses in Michigan which have overseas factories and such will not help Michigan at all. (part of Obama's economic plan seems to be raising taxes for all companies which have overseas dealings, which includes the automobile and cereal companies so prominent in Michigan)

Posted by: Alexander | Sep 15, 2008 6:58:26 PM

i said he was never a law professor. anyone care to prove me wrong?

Posted by: tim | Sep 15, 2008 6:57:47 PM

la indiana..

if all you're going to do is make jokes, then just simply tell me why or how you think barack obama is more qualified than mccain on the economy? what has he done that gains him more respect on the issue?

Posted by: tim | Sep 15, 2008 6:56:59 PM


obama never was, and never was referred to as a law professor. plain and simple. not that it matters.. lol

Posted by: tim | Sep 15, 2008 6:51:29 PM

----------
Obama taught Constitutional Law.

Posted by: Nelli | Sep 15, 2008 6:56:06 PM

He graduated at the bottom of his class, what could he possibly know, other than "the fundamentals of our economy are strong"

YO...wake up John, its time to eat your cereal.

"the fundamentals of our economy are strong"

We know John...we know.

Posted by: LA in Indiana | Sep 15, 2008 6:54:30 PM

so you believe the rest of the free world was lying then too? becase they had the same intelligence as bush had. and they all agreed as well. or was this another right wing conspiracy?!

Posted by: tim | Sep 15, 2008 6:52:57 PM

jpt quotes Obama:

"“What’s more fundamental than the ability to find a job that pays the bills and can raise a family?” Obama asked, his voice rising. “What’s more fundamental than knowing that your life savings is secure, and that you can retire with dignity? What’s more fundamental than knowing that you’ll have a roof over your head at the end of the day?”
-----
Even before the meltdown that began in earnest today, there were MILLIONS of Americans, for whom the idea of having "life savings", to begin with, is as unlikely as a night at the opera.

How are the underclasses faring, with the cost of grocieries and gas doubled BEFORE the present crisis? Not a peep from Obama, the great hope -- or from the blustering Biden.

Posted by: Belle Starr | Sep 15, 2008 6:52:34 PM

obama never was, and never was referred to as a law professor. plain and simple. not that it matters.. lol

Posted by: tim | Sep 15, 2008 6:51:29 PM

Tim,

Good point, it was agreed upon by both Bush and Congress. However,Bush used false information to get the Congress vote. So, it would be interesting to see if Congress was told the truth about no ties to 9/11 and no current program to build WMDs what the vote would have been.

Posted by: Mack | Sep 15, 2008 6:51:14 PM

John McCain is a hypocrite to be talking today about needed government regulation for the financial industury.

McCain voted for the Gramm-Leach-Bliley Act of 1999

Phill Gramm, McCain's "genius" financial adviser campaign, co-authored the Gramm-Leach-Bliley Act that Gramm had pushed for years with massive financial industry lobbying, destroyed the Depression-era barrier to the merger of stockbrokers, banks and insurance companies.

Gramm was the Chairman of the Banking Committee, he pushed through the "Enron Loophole," which allowed investment banks to bypass Federal regulations governing futures trading.

The above actions set the stage for America's current subprime-credit meltdown.

Posted by: Jim | Sep 15, 2008 6:49:32 PM

They offered him a tenured position, he turned it down. They still referred to him as a professor. YOU might not like it, but guess what....TOO BAD!!!

Posted by: LA in Indiana | Sep 15, 2008 6:49:19 PM

there were caveats to what McCain said today and Obama only glomed on to his one line and not the rest of his speech which I guess they didn't want to hear.

Posted by: Debra | Sep 15, 2008 6:48:27 PM

face it people, no matter who you're supporting, niether one has a clue about whats happening on wall street!!! they are not economists. they can try to talk all they want, bottom line is that they both have advisors to tell them what all this means. they are senators, not economists.

Posted by: tim | Sep 15, 2008 6:47:32 PM

Dottie,

So, the reduction of earmark waste by Palin that was after the bridge to nowhere got exposed after the Minnesota bridge collapse? Is that why they asked for millions to study seal genetics and crab mating this year?

That maverick that shook things up in the 80's? Wasn't that when the last savings and loan fall occurred after deregulations? Woohoo, bring on the mavericks.

Posted by: Mack | Sep 15, 2008 6:46:43 PM

Not only does Obama not pay his female staffers as much as McCain, but shortly after the primaries during meetings with women's groups who formerly supported Hillary and were willing to rally the troops for Obama, Obama camp told these women that they couldn't assure them women would have equal roles in Obama's Cabinet because they didn't feel there were enough "qualified" women around to do so!!!!

Posted by: SandyB | Sep 15, 2008 6:45:28 PM

mack...

ahhh, i guess all i can say to that is at least the republicans "inexperienced" canidate is at the bottom of the ticket.

Posted by: tim | Sep 15, 2008 6:45:22 PM

More Obama on McCain

"Now, a few hours later, John McCain’s campaign sent him back out to clean up his remarks. And he explained that what he really meant to say was that American workers are strong.

Now come on, Senator McCain. We know you meant what you said the first time because you’ve said it before. And your chief economic advisor – the man who wrote your economic plan – said that we’re in a “mental recession;” that this is all in our heads; that we’re a nation of whiners.

Don’t get me wrong – when Senator McCain says that American workers are the backbone of our economy, and that they aren’t getting a fair shake from Washington, he’ll get no argument from me. I’ve been making that case for nineteen months."

Obama is a leader.

McCain is flubbing around for which talking point or campaign lie works.

Posted by: Ryan C | Sep 15, 2008 6:44:05 PM

Obama is quick to blame Republicans since Democrats took both Houses of Congress

Today, CNN and all networks reported the worst day since 9/11 in Wall Street has occurred. Although Senator Barack Obama blames Senator John McCain, his VP, Senator Biden has been in Congress much longer and has yet to make a difference in the same manner as his fellow Democrats. What Senator Obama and his fellow Democrats fail to say is for six years our economy was holding on until the Democratic Party took both houses just over two years ago. It was the Democratic Congress that bailed out the housing industry. Since both houses of Congress have been under Democratic leadership our economy has declined to record levels. Since then, the Congress had to bailout the housing industry and today, Lehman Brothers and Merrill Lynch filed for bankruptcy protection (All Networks, 15 Sep 08). CNN reported that Obama supported bipartisan bills 13% of the time while McCain voted 83% of the time for bipartisan bills (CNN, 15 Sep 08). In other words, McCain voted 83% of the time for bills that were important to America and Obama voted 13% for the same type of bills.

I’d rather have Senator McCain in the White House since his record reflects that he committed to issues 90% of the time. At the same time, Senator Obama has not committed to any issue, 95% of the time (Congressional Records, Sep 08). America cannot depend on a politician that will not take sides to address hard issues important to our nation economy and defense of our country. In the meantime, Senator Obama makes fun about his competitors while claiming that he is not running negative ads, which is not the truth. At the same time, Obama is using campaign dollars to pay for 30 individuals to search for any sleazy information that he can use against Governor Sarah Palin. Senator’s Biden and Obama both voted the bridge that Governor Palin voted against and both of these Senators are attacking her for that makes no sense. However, what is appalling is that Obama’s view is that anything his campaign says or does in not his responsibility. Since Obama has never made any change as a politician and knows that his record lacks merit and cannot win unless he uses sleazy tactics that have become an Obama standard. Obama has to be the first politician to use his campaign to say anything they want without the oversight of the person that these individuals work for, Senator BARACK OBAMA. America, wake up!

Posted by: Dr Hubert, Lt Col, USAF, Retired (2005) | Sep 15, 2008 6:43:20 PM

Neither of the candidates were convincing today.

McCain seems unsure of what is happening on Wall Street. Condemning the greed and corruption might please some voters who don't have a clue either, but it doesn't solve anything.

Obama also failed to address the developing crisis properly because he was too busy going after McCain. I get it that McCain will essentially continue Bush's economic policy. I get it that he doesn't offer real change. But if that is all Obama can talk about, then that makes two of them.

Posted by: El_Pajaro | Sep 15, 2008 6:41:36 PM

riley: You can call Obama 'risky' but mccain is guaranteed to destroy America. Never have we had so much debt, such a weak military, such weak influence over seas, such a horrible economy. Obama was right on every foreign policy issue, mccain wrong. WE CANT TRUST McCAIN, who lies every minute.

Posted by: John | Sep 15, 2008 6:41:11 PM

mack...

bush AND congress... dont make it seem like it was just him who thought it was a good idea... he got approval from republicans AND democrats.

Posted by: tim | Sep 15, 2008 6:40:40 PM

Tim,

If McCain wasn't 72 (his father passed at 70, and longevity is hereditary through gender),, then we could just focus on the top of the ticket. But the odds are good that the person in the VP slot will be filling in within the next 4 years if McCain is elected.

Posted by: Mack | Sep 15, 2008 6:39:47 PM

mack...

good points...

Posted by: tim | Sep 15, 2008 6:38:43 PM

Enoug