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Obama Inflates Role in Creation of Stimulus Package
September 16, 2008 7:04 PM
In Golden, Colo., today, Sen. Barack Obama, D-Ill., took credit for the stimulus package that passed earlier this year.
"In January, I outlined a plan to help revive our faltering economy," Obama said, "which formed the basis for a bipartisan stimulus package that passed the Congress."
Is that true?
Democrats on Capitol Hill who support Obama say no.
Wanting Obama to win, however, none will say so on the record.
But media accounts from the time make it clear that even though Obama, Sen. Hillary Clinton, D-NY, and Sen. John McCain, R-Ariz., all offered legislation to provide stimulus to the economy, congressional leaders looped them and their legislation out of negotiations.
Treasury Secretary Henry Paulson worked with House Speaker Nancy Pelosi, D-Calif., House Minority Leader John Boehner, R-Ohio, Senate Majority Leader Harry Reid, D-Nev., and Senate Minority Leader Mitch McConnell, R-Kent.
"Pelosi and Reid seemed to be ignoring the detailed policy solutions being put out by her party's White House hopefuls," wrote the Washington Post on January 23.
"Among Reid's toughest tasks will be keeping Sens. Hillary Rodham Clinton, D-N.Y., and Barack Obama, D-Ill. who are on the campaign trail touting proposals laden with ideas Republicans detest sidelined in the talks while Democrats seek broader agreement with the GOP," wrote the Associated Press the same day.
The bill passed 81-16 on February 7, 2008.
The Obama campaign argues that in January 2008, Obama "was the only candidate to propose a fiscal stimulus plan centered on tax rebate checks for the broad majority of Americans. The bipartisan bill that passed less than a month later was centered on rebate checks to the broad middle class along the lines of what Obama proposed."
That is true.
Obama proposed a tax rebate aimed at middle class families. Clinton’s approach, conversely, focused on specific programs targeted at individuak problems, such as home-heating and mortgage subsidies.
But though the bill that eventually passed more closely resembled Obama's than either Clinton's or McCain's, those involved in the drafting of the legislation say it was more a matter of agreeing on a good idea and was not a matter of, as Obama claimed, his proposal having "formed the basis for a bipartisan stimulus package that passed the Congress."
In Vienna, Ohio, this afternoon, McCain said that Obama today "claimed that the Congressional stimulus package was his idea. That’s news to those of us in Congress who supported it. Senator Obama didn’t even show up to vote."
That's true. (McCain was there, and he voted for it.)
Moreover, Obama today was guilty of inflating his role in the creation of that bill.
-- jpt
September 16, 2008 | Permalink | Share | User Comments (469)
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It looks like part of my comment was cut off - I was referring to the person(s) who said that McCain is getting a "free pass" from the media - that he isn't under the scrutiny that Obama is.
Posted by: Deidra | Sep 17, 2008 7:37:20 AM
> What media sources are you tuning into? I'm curious, really, because I'm seeking a media source - ANY media source - that gives McCain and Obama equal treatment. Thus far, I haven't been able to find any source, other than FOX (which is biased in the other direction) that doesn't pound McCain/Palin for the slightest infraction, meanwhile letting Obama's gaffes and slipups slide. Seriously, tell me. Who is it? Not CNN. Not MSNBC, certainly. Even ABC is leaning Obama now. So who? I really want to know.
Posted by: Deidra | Sep 17, 2008 7:35:51 AM
I too and still voting for Obama because everyone is cheering for McCain and Palin for the wrong reasons and not for the right one's...We all know that regardless of who gets in office will have to raise taxes..People have to take responsibility for their action's and stop blaming the Government...If McCain gets in there will be without a doubt another 4 more yrs of Bush...and women will not have the right to choose what to do with their bodies...and there's not way I'm going for that...Among other issues that's important to me.GO OBAMA...
Posted by: Deborah | Sep 17, 2008 5:53:09 AM
hey John,
Here is just one example you requested...btw it was a plan to bail out the mess and train wreck Bill C. and Dems created;
from the NY times 9/11/03
The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.
Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.
The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
This should have been a no-brainer, right? With hindsight, we can see that the Bush administration had accurately diagnosed the problem in the lending market and had a plan to address it. Fannie Mae and Freddie Mac reluctantly supported the plan. However, Democrats objected (emphases mine):
Among the groups denouncing the proposal today were the National Association of Home Builders and Congressional Democrats who fear that tighter regulation of the companies could sharply reduce their commitment to financing low-income and affordable housing.
”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Representative Melvin L. Watt, Democrat of North Carolina, agreed.
”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said
Posted by: jim | Sep 17, 2008 4:59:21 AM
Clinton would have fixed this. NObama!
McCharacter and Palin look real interesting right now.
Posted by: Sylvia Johnsen | Sep 17, 2008 4:56:50 AM
Obama is a modern day version of Claude Rains, The Invisible Man. Even when he allegedly votes in the Senate (a rarity if you can actually see him there voting), It seems that no one, ever sees him there during the alleged votes he casts. Perhaps he has been taking lessons from David Copperfield on how to become an illusionist.
Posted by: Al MacLeod | Sep 17, 2008 4:53:55 AM
So, "Change we can believe in" has now become "Change we need". Soon to become "Change is ok if it happens" followed by "Change is overated anyway".
Posted by: Johhny-X | Sep 17, 2008 4:39:29 AM
It's really anoying that the MSM contorts itself to give the appearance of being even handed with the candidates. For example one story about a McCain untruth, one story about an Obama untruth. When infact, the McCain campaign is in an all-out frontal asault with blatant lies, and there is very little from the media calling them out. Instead it's "both sides are doing it" What a bunch of false crap. It's as if they want to make sure its a close election for their vested interest. The news media is pretty sad when they let obvios lies go unchallenged.
Posted by: Disclaimer | Sep 17, 2008 4:13:33 AM
""was the only candidate to propose a fiscal stimulus plan centered on tax rebate checks for the broad majority of Americans. The bipartisan bill that passed less than a month later was centered on rebate checks to the broad middle class along the lines of what Obama proposed."
That is true."
But though the bill that eventually passed more closely resembled Obama's than either Clinton's or McCain's, those involved in the drafting of the legislation say it was more a matter of agreeing on a good idea and was not a matter of, as Obama claimed, his proposal having "formed the basis for a bipartisan stimulus package that passed the Congress."
Doesn't sound like he's inflating anything. So the bill looks like Obama's proposals and that's just a coincidence? What's he supposed to think? He proposed something and other people proposed something else and the end result looked like his proposal but it's somehow dishonest to say he shaped the bill? Please.
Posted by: d. b. cooper | Sep 17, 2008 4:04:18 AM
We'll probably be out of gas and money, but if need be i'm gonna ride a bike to the polls, and i'm voting for Obama and Bidon as an Independent.
Be smart, Obama 08!
Posted by: John | Sep 17, 2008 3:27:15 AM
Have you checked the polls? It seems Indiana is turning Blue, good for them!
Posted by: John | Sep 17, 2008 3:25:44 AM
i look forward to the debates, obama is gonna OWN mcCain, and Bidon is gonna OWN Palin.
Posted by: John | Sep 17, 2008 3:24:08 AM
Name ONE THING the GOP has done to help the economy!
Posted by: John | Sep 17, 2008 3:16:11 AM
Explaining this to the GOP is like trying to teach a 1st grader algebra, you just CAN'T get it.
Posted by: John | Sep 17, 2008 3:14:39 AM
What do you expect him to do, if you ask me it's a smart move. Obama can't just go to the closest lobbyist and ask for money...he has to EARN it. True old time GOP would be rolling over in their grave at that comment.
Posted by: John | Sep 17, 2008 3:09:43 AM
Some GOP here might be able to afford risking another 4 years of the last 8, but me and my family can't. What makes you so much better than me?
Posted by: John | Sep 17, 2008 3:03:51 AM
Compared to what i'm paying for gas and food, a tax increase would make very little difference.
Posted by: John | Sep 17, 2008 3:02:06 AM
How can McCain give us change, when his campaign leaders are Lobbyists and former Bush campaigners? Give me FACTS. Even Karl Rove says the GOP is full of it. PROVE me wrong.
Posted by: John | Sep 17, 2008 2:56:08 AM
Why is Palin avoiding the media and the LAW? Provide facts and links, nothing else is acceptable.
Posted by: John | Sep 17, 2008 2:54:30 AM
Have any of you McCain supporters every been BROKE, i'm not talking about can't afford a brand new car broke, I mean Mac n' Cheese broke, I mean i can't afford to drive to work broke.
Posted by: John | Sep 17, 2008 2:50:38 AM
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