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Ad Wars Heat Up Over Campaign Advisers

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September 19, 2008 12:46 PM

ABC News' David Wright and Jennifer Parker report: Republican John McCain's campaign sparked a furious exchange of campaign attacks with the release of an ad linking Democratic presidential candidate Barack Obama to a former Fannie Mae chief who was forced out by an accounting scandal.

The 30-second ad released Thursday titled "Advice" quotes the Washington Post as saying Obama got advice on housing and mortgage policy from Franklin Raines, who happens to be African American.

The McCain campaign ad said Raines made millions and then left Fannie Mae while it was under investigation for accounting irregularities.

The government took control of Fannie Mae earlier this month in an attempt to stabilize the housing market.

"Bad advice. Bad instincts. Not ready to lead," the McCain ad said of Obama.

The Obama campaign disputes that Raines ever advised Obama or the campaign, circulating an email to reporters Friday from Raines to McCain economic adviser Carly Fiorina stating that he is not an adviser.

"Carly: Is this true?" Raines asks above a forwarded note informing him that Fiorina was on television saying he was an Obama housing adviser. "I am not an adviser to the Obama campaign. Frank."

Obama's campaign said Fiorina did not respond.

Asked by ABC News what evidence they have that Raines was an Obama adviser, an official with the McCain campaign cited a statement on Obama campaign letterhead denying any role in the campaign and a recent Washington Post story quoting him as an Obama adviser.

"We believe what they say in the media," the McCain official said, smiling broadly.

Obama responded with an ad about McCain's "fundamentally wrong" advisers with images of former McCain adviser Phil Gramm who stepped down from the campaign after an interview in which he talking about a "mental recession" and a "nation of whiners."

The Obama campaign ad highlighted a McCain statement this week, as turmoil rocked Wall Street, that the "fundamentals of our economy are strong."

An Obama campaign official explained the ad, saying, "you can't let any attack go unanswered."

As the campaign breaks into it's final stretch, both campaigns are releasing ads detailing political skirmishes almost daily designed to get attention in the media.

While the news media cover the ads, it's not clear whether any of these ads will actually air on television because the campaigns refuse to release details of their ad buys.

September 19, 2008 in McCain, John, Obama, Barack, Vote 2008: Democrats, Vote 2008: Republicans | Permalink | User Comments (95)

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The only thing the Obama campaign seems to be good at these days is trying to use out of context snippets to make a misleading point or two...

Desperation...


Anybody But Obama...

Posted by: Jayhawk | Sep 19, 2008 1:24:42 PM


Obama: "I'll just sit this one out until the results are know. Then, I can criticize and claim I knew it all the while.

Obama -- truly the shallow one!


Posted by: dl | Sep 19, 2008 1:26:05 PM

Obama is a good person who is related to me by marriage. He and his lovely wife want to make history at your expense, Americans and Jews. He really doesn't mean any harm, it's just that this election is about HIM, not you out there in America. Pastor Wright and I are good friends and we agree that whatever Obama's religion is (we haven't figured that one out yet?????), he means well as a Jew, muslim and as a Christian. It's not Obama's fault that he picked Biden. His advisers told him to do it. Biden is the one who said you are not patriotic unless you pay more taxes. Don't be offended, veterans and soldiers in Iraq, it's not that you're TOTALLY unpatriotic---you just haven't paid enough taxes yet.

Posted by: obama'srabbi | Sep 19, 2008 1:27:02 PM

The Keating 5 then the Phil Gram 4 now.
John Mcain't is anti middle class. Pro country club.

Posted by: CFMA | Sep 19, 2008 1:27:23 PM

Just got an email that Old Joe Biden will be stepping down on October 2 due to health problems...

Posted by: Jayhawk | Sep 19, 2008 1:28:16 PM


Obama - the one who tried to persuade Iraqi leaders to postpone America's exit until after he was elected so he could get credit.

Truly shallow!

Posted by: dl | Sep 19, 2008 1:29:10 PM

http://leftwingcracker.blogspot.com/2008/09/great-response-from-obamas-campaign.html

link to Mike Kernell on this Obama blogger website. looks like Kernell scrubbed his site.

Posted by: geevill | Sep 19, 2008 1:30:07 PM


McCain Keating deregulation

a trillion dollars

Mccain Bush Iraq

a trillion dollars

Mccain Gramm deregulation (again)

a trillion dollars

how can anyone not say "wtf"

same team
same tactics
same results

throw these bums out.

Posted by: dl (the real one) | Sep 19, 2008 1:31:34 PM

"polticians of both parties who looked the other way until it was too late." - Obama Miami 9/19/2008 Exactly, Obama got that right! Obama turned the otherway and collected $126,349 from Freddie Mac. Dodd did the same and collected $165,400.

Posted by: Norman | Sep 19, 2008 1:35:02 PM

"dl":

Obama needs time and 300 advisers to determine what time of day it is. It's a consistent pattern!

=====================================

I'll grant you this, Obama does seem to be holding back, letting this crisis play itself out.

But frankly, I think Obama's caution is preferable to McCain, who has reversed himself half-a-dozen times in as many days.

1. McCain's first response:
"The fundamentals of this economy are strong

2. McCain's second response:
"By 'fundamentals of the economy', I did not mean what is usually meant - employment numbers, interest rates, balance-of-trade - I meant "The American Worker".

3. McCain's third response:
"We need to create a bi-partisan commission to 'look into this'.

4. McCain's fourth response:
The problem, as I have been consistently saying for 25 years is too much government interference and regulation. So, "We need to create a bi-partisan commission to 'look into the mess', and the first thing we need to get rid of is this 'alphabet soup of federal agencies with overlapping authority'.

5. McCain's fifth response:
Sorry, ignore what I just said, in fact what we want to do is create a NEW government agency to oversee America's financial institutions.

6. McCain's sixth response:
As President, I would fire SEC Chairman Chris Cox for his “betrayal of trust”. Ooops! As President, I wouldn't have the authority to fire the SEC Chairman - so I would ask for his resignation.

BTW: Gov. Palin's response, on the record, ran as follows: first we need theh federal government to go in and put a check on this inflated CEO "golden parachutes. We also need the federal government to exercise is oversight and regulatory powers more effectively.

Why? Because what we want is the federal government to keep its hands off our financial institutions. The free market should be allowed to correct itself.

------------------------------------

To which I can only add, HUH?


Posted by: m@cchiavelli | Sep 19, 2008 1:36:32 PM

obama'srabbi.

What offends me is the fact that no one from the Republican side has offered a way to fix the VA. You want us to do the dirty work of war, but no care when we get back. I have had 7 (seven) tours now. killed alot of people for you, and now no treatment for me. Now where do I sign up for these higher taxes.

Posted by: CA vet | Sep 19, 2008 1:39:21 PM

It is just pure slime to label Raines an "advisor" to Obama. The dude took a few calls from an anonymous member of Obama's campaign and now he's his "economic guru"?

What about Phil Gramm, McCain self-proclaimed economic guru and former member of his campaign team?

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

Posted by: matt | Sep 19, 2008 1:51:23 PM

Obama: "I'll just sit this one out until the results are know. Then, I can criticize and claim I knew it all the while.

Obama -- truly the shallow one!

Hey dl

You put quotations around that phrase. Who were you quoting? Sound like a McCain ad. I fell for it eight years ago but not again. Thanks for the reminder.

Posted by: independent voter | Sep 19, 2008 1:53:11 PM

To the fake "dl"?

(with apologies to the real dl).

Obama needs time and 300 advisers to determine what time of day it is. It's a consistent pattern!

=====================================

I'll grant you this, Obama does seem to be more cautious in his response. But then he doesn't have the authority (yet) to act on this crisis. To mouth off prescriptions, while Bush, Paulson, Bernacke, and the Federal legislature are trying to work out a solution could be seen as reckless and irresponsible.


Frankly, I do think Obama's caution is far more preferable to McCain's response(S).

McCain has reversed himself a half-a-dozen times in as many days.

1. McCain's first response:
No government bailouts! Less regulation!

"The fundamentals of this economy are strong" We don't need to do ANYTHING. Let the market correct itself.

2. McCain's second response:
No government bailouts! Less regulation!

"By 'fundamentals of the economy', I did not mean what is usually meant - employment numbers, interest rates, balance-of-trade - I meant "The American Worker". We still don't need to do ANYTHING. Let the market correct itself. No government bailouts!

3. McCain's third response:
No government bailouts! Less regulation!

"We need to create a bi-partisan commission to 'look into this'.

But meanwhile, we STILL don't need to do ANYTHING. Let the market correct itself.

4. McCain's fourth response:
No government bailouts! Less regulation!

he problem, as I have been consistently saying for 25 years is too much government interference and regulation. So, "We need to create a bi-partisan commission to 'look into the mess', and the first thing we need to get rid of is this 'alphabet soup of federal agencies with overlapping authority'.

Basically, We don't need to do ANYTHING. Let the market correct itself. Maybe we should GET RID of some federal agencies.

5. McCain's fifth response:
No government bailouts! MORE regulation!
In fact we do need a new Federal Agency to oversee the financial markets!

"So, Sorry, ignore what I earlier this week, in fact what we want to do is create a NEW government agency to oversee America's financial institutions.

WE DO NEED TO DO SOMETHING! Though what exactly we need to do can wait. Otherwise, Let the market correct itself. No government bailout!

6. McCain's sixth response:
I changed my mind, the government bailout of AIG was a good idea after all.

"Ignore what I've been saying this past week. In fact I am now in favor of MORE government regulation, and think it is appropriate for the federal government to step in and bail out financial institutions like AIG "that are too big to fail"

7. McCAin's seventh response:

And on the seventh day, John NcCain rested, though he still found time to make one last mistake:
He said:

"As President, I would fire SEC Chairman Chris Cox for his “betrayal of trust”."

Ooops! As President, John McCain wouldn't actually have the authority to fire the SEC Chairman. So, the above is just more wishful thinking on John McCain's part.

---------------------------------

BTW: Gov. Palin's response to the crisis, on the record, ran as follows:

first we need the federal government to step in and put an end to these inflated "golden parachutes" CEO's give themselves.

We also need the federal government to exercise its oversight and regulatory powers more effectively.

So, MORE government regulation!

Why? Because what we want is the federal government to keep its hands off our financial institutions. The free market should be allowed to correct itself.

So, LESS government regulation!

------------------------------------

To which I can only add, HUH?

Posted by: m@cchiavelli | Sep 19, 2008 1:53:22 PM

again

McCain has cost us...
a trillion with his buddy deregulation Keating

a trillion with his Iraqwar buddy Bush

a trillion with his new deregulation buddy Gramm.


How many trillions do we have.

throw these bums out.

Posted by: dl | Sep 19, 2008 1:57:59 PM

mccain

if this week is how he would lead during another economic crisis


im going to say thanks... but no thanks, on that leadership to nowhere

mccain flip flopped more then a fish out of water this week... who is he fooling, his leadership was terrible

not only showing his complete lack of knowledge on the economy, and then pretending that he isnt for the very thing that has us in this mess (de regulation anyone, his whole career is for deregulation)

but he now wants a war with spain as well as russia, iran, maybe mexico... who even knows, we need to start asking mccain who he thinks our enemies are

Posted by: Bhrandon | Sep 19, 2008 1:58:37 PM

And McCain's inside circle/close advisors are (out of 8) lobbyist for Fannie Mae and Freddie Mac. Where does he get the nerve?

Posted by: Paige | Sep 19, 2008 1:59:17 PM

correction 3 out of 8 lobbyist

Posted by: Paige | Sep 19, 2008 2:00:00 PM

Great Posts. Obama and Dodd find themselves in a very smelly and sticky situation. They took more money from Fannie Mae than anyone else, and now Obana has used TWO former Fannie Mae CEOs on his campaign. Raines has been accused of "cooking the books" in order to get a higher bonus. When he was caught, he according to Wikkkipedia he agreed to "Pay" $3 million ( Fannie Mae's liability insurance policy was apparently used to pay Raines' fine) OUTRAGEOUS!

READ MORE AT: http://en.wikipedia.org/wiki/Franklin_Raines

NO WAY OBAMA! COUNTRY FIRST!


Posted by: GeraldD | Sep 19, 2008 2:01:41 PM

How is getting some experts together a bad thing? McCain might want to try it.

Posted by: Jason | Sep 19, 2008 2:06:13 PM

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