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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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McCain hasn't worked a day in his life. He hasn't worked a real job the one where you have to go punch a time clock.

This guy is so far removed from what is real he needs to have other people tell him what is going on in the economy.

How does he honestly think that he can "fix" the problems when he doesn't even know what they are?

McCain can talk all he wants, but when it comes down to it that really is all he can do.

Posted by: McCain thinks he's entitled | Sep 18, 2008 2:55:21 PM

I am older than mccain, but I still have enough of my faculties to remember how many houses I own. I also DO NOT think 5million is the break point for middle class.
I donot think we need someone who wants to ban books like TOY SAWYER AND HUCK FINN in a high office in this country!

Posted by: bob | Sep 18, 2008 3:03:46 PM

BOB ("older than mccain"), GET YOUR FACTS CHECKED (or has senility kicked in) - nobody banned any books - stop reading such hate speech - one thing is clearly true: obama did break his pledge on campaign finance - look it up


OBAMA IS THE BIGGEST LIAR IN THE HISTORY OF POLITICS AND BIDEN IS THE BIGGEST HYPOCRITE IN THE HISTORY OF POLITICS (WHOOOOOOPPIE !!! let's increase taxes to anyone who can make six figures so they can pay 100 times more to the government that biden gives to charity - yeah, that will help the economy)

say NO to demoCRITES

MCCAIN / PALIN 2008

Posted by: tojoley | Sep 18, 2008 3:51:17 PM

Man, McCain trolls gone wild here.

1. Obama made his campaign pledge to do public financing under the assumption that John McCain was trustworthy to hold up his end. When John McCain broke campaign law during the primaries, he became untrustworthy, and Obama could not expect a fair dealing with him on campaign finance.

2. Obama is not the biggest liar in the history of politics. That would probably be someone like Hitler, or Franco, or Stalin. They had departments of propoganda the entire time they were around. Hitler's lies killed 7 million people. Evidence recently would also support that McCain lies more frequently than Bush, and Bush was quite a liar. Bush lies more than Obama.

3. Both campaigns have bent the truth, only McCain has told out-right lies, and he has been called out by conservatives on it. See Karl Rove, Krauthammer, and Brooks, as well as every media outlet.

4. Obama worked on reform as soon as he got into Congress; bi-partisan ethics reform. He has reached across the aisle to Chuck Hagel, and at least for a little while, to John McCain.

5. McCain hasn't made a single proposal on how to fix the economy. He has only spewed platitudes like "I will end greed," "I will reform Washington."

It seems to me that John McCain has had 26 years to enact reforms. All he put out there was a campaign finance reform act that failed, opening the door to 527 groups like "Swift Boat Veterans" and "Moveon.org."

He has consistently favored deregulation, which is the center of this problem. We have had crises whenever such massive deregulation has occurred. Remember Enron and Worldcom?

If all you have is personal attacks, Republicans, you had better come up with some real policy proposals, because this year is not 2004, and you will not win with a "I'm more like you" campaign.

Posted by: Micah | Sep 18, 2008 4:44:55 PM

Sarah Palin is an empty skirt with an empty brain but she can see Russia from her house and she speaks in Pentacostal tongues. Too bad she cannot answer a question. Lets talk about lipstick and moose burgers and who is wearing a flag pin; after all the efundamentals of the economy are great or so said McSame.

Posted by: geniusjoe46 | Sep 18, 2008 6:10:16 PM

Both sides work for Wall Street and we just did a real big act of socialism by bailing these crooks out. Why is socialism ok here but not elsehwere? The United States of Wall Street is falling down. Falling currency = falling country. And McSame was a Keating 5 Senator and a Phil Gramm chearleader

Posted by: geniusjoe46 | Sep 18, 2008 6:12:11 PM

Since Palin is actually building the access road to the Bridge to Nowhere with our federal tax dollars, and there is no further use for it, let me suggest they drive down it in the Straight Talk Express when they dump Carly Fiorina and the lobbyist-speechwriter who called on Bush to fire the SEC Chair under the bus. That way fewer voters will notice.

Posted by: ricky | Sep 18, 2008 6:31:29 PM

Fact: Obama's Campaign Finance Chair is Penny Pritzker, who headed the failed Superior Bank that collapsed in 2002. The bank had a major role in fueling the sub-prime crisis with deceptive,faulty lending, and hidden fees.
Google her and you find interesting information about her connection with Obama. The Huffington Post also had an article written by Earl Ofari Hutchinson on Feb. 29, 2008 pointing out a "...teary-eyed photo op moment during one of Obama's Texas campaign swings.......lambasting the CEO of a sub-prime lender for greedily snatching at a $100 million buy out package...."
How about his own campaign finance chair?

Posted by: Donoke9_10 | Sep 18, 2008 8:52:08 PM

I agree with Biden!

Posted by: bea | Sep 18, 2008 9:45:43 PM

Earlier this week, Obama made an early attempt to attack Governor Sarah Palin on the earmark issue. He claimed that Palin is responsible for taking many earmarked funds for her state as she sat in the Governor’s office in Juneau and that her attack on him for earmarks is, therefore, illegitimate.

“I know the governor of Alaska has been, you know, saying she is change and that is great. She is a skillful politician. But when you been taking all these earmarks when it is convenient and then suddenly you are the champion anti-earmark person. That is not change, come on. I mean, words mean something. You can’t just make stuff up. You can’t just make stuff up. We have a choice to make and the choice is clear.”
But, this return fire on Palin’s ridiculing of Obama for his many earmarks is not very effective. While Obama is pointing fingers at Palin, news came out this week that Senator Obama had unsuccessfully tried several times to get multi-million dollar earmarks for one of his biggest Chicago contributors. So, his attack on Palin seems more like smokescreen than cruise missile.

Obama twice attempted to direct more than $3 million dollars in taxpayer funds to the Adler Planetarium Museum in Chicago. It just so happens that the Adler’s chairman is one of Barack’s biggest Chicago fundraisers.

The planetarium’s chairman, then and still, is Frank Clark, chief executive of ComEd, a unit of Chicago-based Exelon Energy. He has pledged to raise more than $200,000 for Mr. Obama’s run for the White House.
Even more cozy, this earmark would have benefited a Joe Biden supporter.

Moreover, the Adler Planetarium is represented by the lobbying firm National Group LLP, co-founded by William Oldaker, who helped launch Sen. Joseph R. Biden Jr.’s political action committee in 2005. Mr. Oldaker, a partner with the Delaware Democrat’s son in another Washington lobbying and law firm, is no longer involved with Mr. Biden’s PAC, Unite Our States.
On the other hand, it must be pointed out that taking earmarked funds that someone else arranged for is a little different than actually being the one creating the diversion of funds. Obama criticizes Palin for taking funds that Congress offered her, but Obama is responsible for being one doing the offering.

Palin’s record on reform is clear, of course. But, Obama’s record on over spending is also clear. His finger pointing is hollow rhetoric.

Posted by: Loves this country | Sep 19, 2008 12:31:40 AM

It is NOT raising taxes, its removing the Bush Tax Cuts for the Rich and restoring old policy. Greedy republicrites are ruining this Nation.

McCain-Keating Palin-Cheney "bad for the Economy bad for Polar Bears!!

Posted by: philosopherkingtomas | Sep 19, 2008 2:09:46 PM

It is NOT raising taxes, its removing the Bush Tax Cuts for the Rich and restoring old policy. Greedy republicrites are ruining this Nation.

McCain-Keating Palin-Cheney "bad for the Economy bad for Polar Bears!!

Posted by: philosopherkingtomas | Sep 19, 2008 2:10:26 PM

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