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Obama on Biden's Initial Opposition to AIG Bailout: 'Joe Should Have Waited'

September 23, 2008 9:41 AM

"What has been clear during this entire past ten days is John McCain has not had clarity and a grasp on the situation," Sen. Barack Obama, D-Ill., told NBC's Matt Lauer in an interview that ran this morning.

Lauer was talking about how Obama hit Sen. McCain, R-Ariz., for flip-flopping on the AIG bailout -- saying he opposed it one day then announced he supported it the next day.

But, as Lauer pointed out, scarcely three minutes after McCain said he opposed the AIG bailout last week, "in an interview with Meredith Vieira, Joe Biden, your running mate was asked the exact same question: 'should the federal government bail out AIG?' And he said, 'No, the federal government should not bail out AIG.'" (As we noted at the time.) "And I think that, in that situation," Obama said, "I think Joe should have waited, as well."

"But it's the kind of thing that drives people crazy about politics," Lauer said. "It sounds like you were trying to score some political points against John McCain using his words, when your own running mate had used very similar words."

"No, hold on a second Matt," Obama said. "I think what drives people crazy about politics is the fact that somebody like John McCain who, for 26 years, has been an advocate for deregulation, for 26 years has said the market is king and then starts going out there suggesting somehow that he's a populist who's been railing against Wall Street and regulation -- that's what drives people crazy about politics."

-- jpt

September 23, 2008 | Permalink | Share | User Comments (880)

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Yes We can

Posted by: reddy | Dec 19, 2008 2:01:16 AM

Does no one remember that we have had a Democrat majority Congress for the last 2 years and that when that Congress came into being that our gas prices at the pump were $2.78 a gallon? Does no one know that the deregulation of the required Mortgage insurance for mortgages on any mortgage with less than 20% down happened during the Clinton administration? Does anyone listen to the economists and understand that what has happened to our economy is not a product of the Republican's but a product of Wall Street Greed and the majority vote of Democrate's on bad Bills? Look into the facts don't just repeat Main Street Media. Vote with your Head not your Heart. Obama wants to take care of everyone by setting up all sorts of programs that that we as tax payers will all be paying for. If you have done your homework you will understand that that is how we got into this economic crisis. By making it a priority that people who could not afford it purchased homes that they had to walk away from. Is this how you manage your own financial priorities and make sure that your children are cared for? We each one of us need to accept responsibility for our decisions and set our priorities based within our economic means. There is nothing wrong with renting until your Budget can move into a House. Millions of Americans do it everyday and understand that it just is a matter of a step at a time. We don't have to have it all Right Now.

Posted by: Carol | Oct 13, 2008 4:53:40 AM

We're going to spend 700 Billion dollars and our friends and neighbors (Stupid as they may be) still get evicted. Is this BIZARRO world ?

Posted by: James Paul Hoerst | Sep 25, 2008 11:52:16 PM

Howard

It makes so much sense. Measure twice, cut once!

Theses people telling us it has to be done quick. Remember the two wars that were started, over 4000 dead.

Haste make waste! Smart people got us in this let them figure a way out without taxpayer money.

Another transfer of wealth.

Posted by: Vets 4 Obama | Sep 25, 2008 10:55:01 PM

Right on Emily. No only did McCain recommend reigning in Freddie and Fannie in 2005, Bush tried to in 2003 (see the new york times archive for sept. of 2003). In 20 years worth of cumulative contributions record keeping by Freddie & Fannie, Obama ranks THIRD after only THREE years in the senate!!!!!
Unbeleivable Democrat Hypocrites!!

Posted by: Trey | Sep 25, 2008 5:11:19 PM

Obama 2008.
2012, no more 2 party system. Let's get smarter.

Posted by: matthew | Sep 25, 2008 12:58:35 AM

Good for MCCain, did anyone know that Paulson is a Liberal Democract. HaHa, you probably thought he was a Republican. Hello...Maybe he is telling the truth. Most Dem-wits love to bury their heads in the sand. I have more confidence in MCCAin, Than Nobama...Maybe Obama should debate Obiden, they disagree alot....

Posted by: OMGptl | Sep 24, 2008 5:34:55 PM

McCain is part of the stone age, 76 is to old! He's already using the same advisors bush had ,and don't think for a second thay won't try scarying the dum public into another 4 years of republican leadership. Don't be dum we need real change. and for those that think Obama spends to much time testing the political waters before he decides how to comment on any issue, your right he is lessoning the voice of the people ! now wouldn't that be nice a president that cares what the people think. McCain is old school, old way, old Politics and lets not forget really old

Posted by: arc | Sep 24, 2008 5:17:08 PM

THE BAILOUT?
Why not bring Alan Greenspan into the mix. He's the one who warned about this meltdown back in April. Remember, when the democrats voted against his advised legislation to prevent this mess. And, how about Newt, who suggested that we consider a plan B, and consult with the advisers who successfully turned the economy around before, during the Reagan administration. Why are we looking to Paulson and Bernecke? Aren't they the ones at the helm when this mess took place? An independent panel should determine who will benefit from this bailout ... and, who's asses will be saved by it ... and, if any of those people are the ones pushing it through? Let's not be rushed by foxes, who might be guarding the chicken coup ... AGAIN !!!

Posted by: Gina | Sep 24, 2008 12:53:39 PM

REGARDING OUR ECONOMY ...
What's the rush? There always seems to be time to fix things, but never enough time to do it right the first time around. Remember ... "an ounce of prevention is worth a pound of cure". The consequences of whatever is decided will dramatically affect Americans for decades ... so, why not take the proper time and steps to properly explore all alternatives. Newt suggested taking a step back and creating a plan B ... perhaps calling upon the people who advised Ronald Reagan, and turned the economy around back then. Besides, we should let the FBI investigation play out, before we decide to make a permanent decision. Like all good carpenters ... going back to Jesus ... I say: "Measure twice, cut once".

Posted by: Howard | Sep 24, 2008 12:21:06 PM

The Dems are doubting if they chose the right candidate. It is evident their pick was superficially based on looks and sound bites. As the Dem campaign progressed, its strength and breadth has shown to be only 'skin-deep'. Unfortunately for them, the weakness of the ticket will adversely affect their Congressional base. The election will be a combination of 1984 and 1994 results.

Posted by: beefrank | Sep 24, 2008 11:34:44 AM

Sure Kitty, that's why even Karl Rove said that McCain had gone too far with his lying ads. Like your candidate, you're full of it!

Posted by: Jen | Sep 24, 2008 9:08:10 AM

midwestlady -

Yes, I have heard of of affirmative action and lawyers. Please enlighten us as to what is has to do with anything I mentioned. I guess you assume that by using multi-syllabic words that I must a be an attorney.


Posted by: jhop | Sep 24, 2008 8:08:22 AM

Voters haven't conveniently forgotten who runs McCain's campaign two of the meanest political operatives that sold the American People two Bush terms. Notice they are big on names they even nick name themselves 'Bullet', 'Pit Bull' and they use fear in branding everyone else – 'Wolves' etc. Now a lot of us are posting on these comment sections for the first time during a Presidential elections we don't scare easy and we will hit back through our postings. Now McCains been around a long time with a track record on Wall Street that anyone can look up online.
Anyone can also see online that McCain's Campaign manager Davis accepted over 2 million dollars from the very same companies that helped cause the problems on wall street.

Posted by: Emily | Sep 24, 2008 7:58:38 AM

Hmm. It seems Obama conveniently forgets Biden's 32 years in the Senate.

And ignores McCain's attempts in 2005 to rein in Fannie Mae and Freddie Mac which failed because Democrats were making too much money off them. He also forgets taking the second highest amount of money from them of anyone in Congress.

And he forgets everything he said about running a clean 'new politics' positive campaign.

He's just a typical Chicago politician.

Posted by: Rob P | Sep 24, 2008 4:46:36 AM

Frankie, I want to personally thank you for your service, and say God Bless You for your committment to rational thought and inquiry. Seriously. Thanks for helping to raise the standard of this debate.

Posted by: Justine19675 | Sep 24, 2008 4:31:50 AM

Frankie: All of the candidates have something to prove. All of the candidates will be watched intensly to see what they will do. All of them will be trying to do and say the right things. So how does any of that make someone more attractive to vote for? your generalizations are confounding. You don't vote for someone because they "have something to prove." You vote for him/her because they seem like the person who will get things done. For me that person is John McCain, but that criteria applies to all candidates at all levels.

Posted by: Bryan | Sep 24, 2008 2:35:54 AM

But then again, according to his campaign masterminds, the chosen Sen. Obama does have 300+ political advisors to make up for his lack of experience.
That said, maybe the reason that Obama looks like a deer in headlights when asked non-scripted political questions is because his 300 political advisors haven't all agreed as to what he should say at that particular moment.
The Democrats must be as proud as [Political]Punch with their choice of Obama for President of the United States. (BTW, has Obama saluted the flag yet??)

Posted by: Albert | Sep 24, 2008 12:04:19 AM

jhop,

Have you ever heard of affirmative action?

Uh-huh. I thought so.

Besides, even if the whole thing is all it's cracked up to be, there are a lot of lawyers out there with paper for brains. A law degree doesn't particularly mean squat outside the office. I'll bet there are 10 lawyers in this little country town where I am right now, and I wouldn't vote for a damn one of them for anything. So much for a law degree.

Posted by: midwestlady | Sep 23, 2008 11:53:47 PM

Well Frankie, as you say, "I am voting for Obama because he, out of everyone, has the most to prove." You certainly are 100% absolutely correct there, my man. To paraphrase Frankie: Sen. Obama, out of everyone, has the least experience and has the longest way to prove that being a community coordinator in southside Chicago is the best experience needed to lead the most complex nation in the world through national and world crises for the next four years. Yeah, that sounds logical to me. NOT!

Posted by: Albert | Sep 23, 2008 11:53:06 PM

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