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Biden: McCain's Economic Answers Are a 'Bridge to Nowhere'

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September 18, 2008 1:31 PM

ABC News' Matthew Jaffe reports: Democratic vice presidential nominee Joe Biden said Thursday that John McCain's "out of touch" economic views are the ultimate Bridge to Nowhere.

"Ladies and gentlemen, this is more of the same," Biden said in his speech at the Pro Football Hall of Fame in Canton, Ohio, taking a jab at McCain's running mate, Alaska Gov. Sarah Palin. "And so, if you look at it, if you look at it, John McCain's answers for the economy -- we're in such desperate shape -- is the ultimate bridge to nowhere. It's nowhere. It takes you nowhere."

Although Biden consistently ties McCain's economic views to President Bush's, Biden said that now McCain "stands alone" with his belief that the economy's fundamentals are strong.

"Just yesterday, a White House spokeswoman stood up and said, when asked, 'Are fundamentals of the economy strong?' She refused to answer," said Biden, referencing Dana Perino's comments at Wednesday's White House briefing.

"So, folks, John McCain literally stands alone now. Even with Bush, [McCain] stands alone now in saying the economy and the fundamentals are strong. He is totally out of touch with the problems of average people.

"John continues to say, 'I am always for less regulation. I'm always for less regulation,'" he continued. "Ladies and gentlemen, regulation is not burdensome if, in fact, it's designed to protect consumers, if it's designed to protect investors.

"These guys have been asleep at the switch," Biden added.

September 18, 2008 | Permalink | User Comments (32)

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Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. He put Fannie Mae’s CEO who helped create this disaster in charge of finding his Vice President. Fannie’s former General Counsel is a senior advisor to his campaign. Whose side do you think he is on? When I pushed legislation to reform Fannie Mae and Freddie Mac, Senator Obama was silent. He didn’t lift a hand to avert this crisis. While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sowing the seeds of the financial crisis we see today and enriching themselves with millions of dollars in payments. That’s NOT CHANGE, that’s what’s broken in Washington.

Those same Congressional leaders who give Senator Obama his marching orders are now saying that this mess isn’t their fault and they aren’t going to take any action on this crisis until after the election. Senator Obama’s own advisers are saying that crisis will BENEFIT him politically. My friends, that is the kind of me-first, country-second politics that are broken in Washington.

Today Senator Obama’s running mate said that raising taxes is patriotic. Raising taxes in a tough economy isn’t patriotic. It’s not a badge of honor. It’s just dumb policy.

Posted by: We are the Marxists we've been waiting for | Sep 18, 2008 1:39:28 PM

Obama’s Grand Plan makes twelve promises - none of them have anything to do with Wall Street, investment banking or the general financial crisis. Instead, the much vaunted Plan just offers the chewed Wonder Bread of previous Obama plans like “enacting a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills.”

But the Plan, like virtually everything that spins out of the Hope/Change vortex, lacks seriousness. I especially liked Obama’s pledge to “create 5 million green jobs.” That’s just the kind of Stalinist hard-headed realism we need during challenging times like these!

Reading the Obama Plan, which his serious commercial treats as a serious blueprint, it becomes painfully obvious that Barack Obama has nothing constructive to say about this week’s events. But maybe I’m jumping the gun. Perhaps his campaign will complete its polling and Obama will soon know whether he approves or disapproves of the AIG bailout.

Posted by: I want you to argue with them and get in their face | Sep 18, 2008 1:44:38 PM

McCain stood alone on the surge too. Who wants to elect defeatists like Obama and Biden? Harry Reid wetting his pants saying they don't know what to do.

Watch the "Dome" ad. Powerful stuff.

Posted by: geevill | Sep 18, 2008 1:45:47 PM

Despite Death Threats Further Info From Journalist Who Exposed Obama’s Double-Dealing re: Troop Withdrawal

“While I am encouraged by the senator’s evolution, I must also appeal to him to issue a “cease and desist” plea to the battalions of his sympathizers - who have been threatening me with death and worse in the days since my article appeared. - Amer Taheri

IN Monday’s Post, I discussed how Barack Obama, during his July trip, had asked Iraqi leaders not to finalize an agreement vital to the future of US forces in Iraq - and how the effect of such a delay would be to postpone the departure of the US from Iraq beyond the time Obama himself calls for.
--------------
The Obama campaign has said this is just silly! Silly Obuma is just so silly huh? Crime a silly crime!

Posted by: HP Boston | Sep 18, 2008 1:47:30 PM

People

look at Mccain and Keating

same issues deregulation...senators to chummy with the deregulation lobbyists and backers...

and a trillion dollar bail out.

the only difference now is...he took keating replaced him with the otheer deregulation lobbyist (an even worse one) Gramm. and instead of the guy going to jail

Mccain has him writing our future economic policies...

who is this freakin guy mcCain

go read about the last time this happened and who was again at the center of the mess and slime ...

John mcCain and his deregulation buddies.

throw this bum and his old boys networkd out!

Posted by: dl | Sep 18, 2008 1:48:55 PM

"Those same Congressional leaders who give Senator Obama his marching orders are now saying that this mess isn’t their fault"

This mess isn't their fault. They are the fault of the party that has controlled Congress the last 18 of 20 years and the Presidency for 8. Republicans were in power and they were the ones the set policy of de-regulation. The only blame that can be blamed on Democrats is they perhaps didn't try hard enough to stop the policy. They did on occassion and were labeled obstructionists. You can't have both ways. Republicans were in power and are responsible for what happens under their watch as a result of their leadership. The Republican tries to shirk this responsibility. I can't say I blame them given the current state of affairs.

Posted by: indy_voter | Sep 18, 2008 1:51:16 PM

McCain's policies of deregulation have had a direct effect on the economy. Now he wants to regulate.

When all you can fall back on is name calling and labels in your comments, you know your candidate's message isn't resonating.

Posted by: Good Point | Sep 18, 2008 1:51:40 PM

morons do not connect the dots

Mccain and Keating and deregulation
=trillion dollars from us.

Mccain and Gramm and deregulation
= trillion dollar buyout from us again

= his entire economic platform

= despair

throw this bum out ...and don't be stupid

who does not look at a candidate who was at the center of both deregulation slime and fiascos...surrounds himself with the people who tried to pull it over on the nation

and thinks he would be the good guy to take care of it.


Posted by: dl | Sep 18, 2008 1:52:51 PM

“Big Brother had nothing on the Obamas. They plan to herd American youth into government-funded reeducation camps where they’ll be brainwashed into thinking America is a racist, oppressive place in need of ’social change.’”

Investor’s Business Daily is referring to an organization known as Public Allies.

Has Investor’s Business Daily gone of the proverbial deep end?

Perhaps not. Just in case you’ve never heard of Public Allies, know that there are about 250 separate and unique references on Google comparing it to the Hitler Youth Corp.

No, that’s not a sick joke or exaggeration! In many cases, these comparisons are not made lightly, foolishly or flippantly.

Public Allies is an extremely radical leftist organization that seeks to bulldoze free America and replace it with a totalitarian socialist state.

Investor’s Business Daily goes on in the aforementioned editorial — aptly named “Michelle’s [Obama] Boot Camps For Radicals” — and states:

“But its real mission is to radicalize American youth and use them to bring about ’social change’ through threats, pressure, tension and confrontation — the tactics used by the father of community organizing, Saul ‘The Red’ Alinsky.”

But wait until you hear — as radio personality Paul Harvey would say — “The Rest of the Story.”

Barack Hussein Obama plans to use Public Allies, which he features on his campaign Web site, as the model for a national service corps.

He calls his Orwellian program, “Universal Voluntary Public Service.”

And why not?

After all Obama was a founding board member of Public Allies and his wife, Michelle, was executive director of the Chicago cell

Posted by: HP Boston | Sep 18, 2008 1:58:21 PM

My you Republicans(?) have gone over the deep edge.

I don't think I have ever heard such rantings before. Talk about Conspiracies, This stuff is far out there that only a kook would write it.

Posted by: Thinking | Sep 18, 2008 2:12:17 PM

Reagan, Bush 1 and 2, were all “fiscal conservatives” and ran up massive debt. Clinton was a “tax and spend” liberal and we had a thriving economy and a surplus.

McCain is a “fiscal conservative” too.

If you look in history the economy always does better with a Dem in charge.

Don’t give the Republicans another 4 years to complete the destruction of this country!

Posted by: Michael | Sep 18, 2008 2:16:22 PM

“Big Brother had nothing on the Obamas. They plan to herd American youth into government-funded reeducation camps where they’ll be brainwashed into thinking America is a racist, oppressive place in need of ’social change.’”

A mind is a terrible thing to waste...on a Republican.

Posted by: Bill | Sep 18, 2008 2:18:07 PM

"We are the Marxists we've been waiting for"

If you want to express what Biden said, express it fully. He wants to raise the tax of those who makes $250,000 or more. You must fall into that bracket. Many Americans do not. Many Americans are experiencing hardship, with the economy failing, lost of job, the hurricanes, Katrina & Ike. Give us middle class people a break. And who can give it to us... the upper class. You can take your money with you when you die... Why not share to a point to help those in need? See what greed leads to... Lehman Brother!

Posted by: Tax 'em | Sep 18, 2008 2:34:40 PM

BIDEN IS THE ONE WHO GIVES LESS THAN ONE PERCENT OF HIS SIX FIGURE INCOME TO CHARITY

WHO IS OUT OF TOUCH ? BIDEN

AND OBAMA WAS NEVER IN TOUCH - JUST A PAWN FOR THE EXTREME RADICAL LEFT

LIES OF OBAMA;

LIE NUMBER ONE - BREAKING PLEDGE TO FINANCE CAMPAIGN ETHICALLY

LIE NUMBER TWO - TYING MCCAIN TO BUSH AFTER DEMOCRATS HAVE APPLAUDED MCCAIN FOR YEARS AS BEING DIFFERENT THAN BUSH

LIE NUMBER THREE - TAX CUTS FOR 95% OF AMERICA - OVER 30 PERCENT OF AMERICANS ARE NOT PAYING FEDERAL INCOME TAX, SO THIS IS A MATHEMATICAL IMPOSSIBILITY

LIE NUMBER FOUR - SARAH IS A FRAUD - THE FACT THAT SARAH HAS MADE SOME REFORMS IN ALASKA IS INDISPUTABLE


LIE NUMBER FIVE - I WILL BRING NON-PARTISANSHIP BACK TO WASHINGTON (BY PICKING THE MOST PARTISAN SENATOR AS YOUR RUNNING MATE AND BY TAKING ON YOUR OWN PARTY ZERO TIMES)

LIE NUMBER SIX - THE SEX ED IN KINDERGARTEN BILL WAS ALL ABOUT PREDATOR PROTECTION AND NOTHING ELSE - SIMPLY NOT TRUE - GO READ IT YOURSELF

LIE NUMBER SEVEN - I RESPECT THE DIGNITY OF HUMAN LIFE - RRRRIIIIIIIIIIIIGHT - YOU WANT TO MAKE SURE THAT BABIES BORN ALIVE DIE IF THEIR MOM WANTED IT THAT WAY - DISGUSTING

I COULD GO ON - BUT LIE NUMBER ONE (OR 7) WAS BY ITSELF ENOUGH TO TURN THIS INDEPENDENT REPUBLICAN


how can you tell when obama is lying ??


answer

his lips are moving

Posted by: tojoley | Sep 18, 2008 2:36:59 PM

My goodness. You McCain Robots really take rpide in ranting and making up stuff. You should write for the national enquirer. You would make a pretty good living.

Posted by: CMSgt Preston | Sep 18, 2008 2:38:54 PM

I am tired of Obama pointing his effete fingers at everyone, particulary as his comments don't speak to the problem, and his solutions are his usual tripe...it will go away when I am elected because I am going to do this...and I am going to do that....I I I I I I......does this man have any concept of the fact that we have 3 branches of government, and the I I I I I doesn't always work. ... or is he so busy trying to make us all "citizens of the world" (barf), that he could care less about American democracy??? You gotta wonder.....

Posted by: justj joey | Sep 18, 2008 2:41:11 PM

Biden....oh isn't that the guy who has been in Congress for years and years and years and always gives us his views AFTER the fact?

Posted by: justj joey | Sep 18, 2008 2:43:56 PM

STOP SARAH PALIN!!

Spread the word: http://www.cafepress.com/MarcsPlace.30059444

Posted by: Marc G | Sep 18, 2008 2:49:57 PM

"Posted by: CMSgt Preston | Sep 18, 2008 2:38:54 PM" I agree with you. I encourge alll to over the McCain suppoters comments and decide if most of the responses are the result of the the poor educational system we [which Obama wants to improve] or just the minds of the drug afflected.

Posted by: Gary | Sep 18, 2008 2:51:32 PM

Repubs getting desperate- why don't you, and McCain, just discuss the issues? Oh yeah, because you have no platform and no real plans for reform. I guess all you have left is more and more desperate lies.

Posted by: katharine | Sep 18, 2008 2:52:48 PM

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