Biden Blasts McCain for Gambling with Economy

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Biden Blasts McCain for Gambling with Economy

October 13, 2008 4:18 PM

ABC News' Matthew Jaffe Reports: Using as ammo a comment that Sen. John McCain, R-Ariz., made earlier in the day, Sen. Joe Biden, D-Del., Monday accused the GOP nominee of supporting President Bush's gambles with the nation's economy and now wanting to double-down on these "risky bets."

"We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change," McCain said this morning in Virginia Beach, VA. "The hour is late; our troubles are getting worse; our enemies watch. We have to act immediately. We have to change direction now. We have to fight."

Just a few hours later, 600 miles north in Manchester, NH, Biden jumped all over the Republican's remark, blaming McCain and Bush for the current economic crisis.

"What John McCain was saying in that statement is that we have spent the last eight years with the Bush administration - with him supporting it - gambling with our economy," the Democratic vice-presidential nominee said to 900 supporters at Southern New Hampshire University.

"John McCain’s plan is to double-down on the same risky bet we’ve been making the last eight years hoping for our luck to change," he said.

"What's new is John McCain proposing that’s different than quote – 'waiting for our luck to change'?" Biden asked the crowd. "Ladies and gentlemen, so when Barack Obama is president we’re not gonna wait for our luck to change. We’re gonna change our luck. We’re gonna change this country."

"In the neighborhood I come from," said the Scranton-born senator, "you make your own luck."
After running down a laundry list of issues on which McCain sides with Bush - healthcare, social security, and job creation to name a few - the Delaware lawmaker did finally give the GOPer credit for one different proposal, the mortgage buy-out plan McCain proposed at last week's Nashville debate.

"His only idea that is different is to use your money to bail out lenders who got us into this mess in the first place," Biden said, throwing one more jab at the bail-out plan that he has ripped daily on the campaign trail for the past week.

When he wasn't mocking McCain's comments today, Biden was directing his ire at the Republican's running mate, Gov. Sarah Palin, knocking her for a remark the Alaskan made at their Oct. 2 vice-presidential debate in St. Louis.

"I love being corrected by Gov. Palin when their slogan is 'drill, drill, drill,'" quipped Biden sarcastically.

"She said, 'No, it’s drill, baby, drill.' Well, that’s an important distinction, isn’t it? I forgot to say 'baby,'" Biden said as the crowd laughed.

"Ladies and gentlemen, we have three percent of all the oil reserves in the world. Three percent. We consume 25 percent of all the oil. Tell me, how do you 'drill, baby, drill' your way out of that? We need to drill for more oil, but it is not the answer. It is not the answer. Let’s start doing something real."

October 13, 2008 in Biden, Joe, McCain, John, Obama, Barack, Palin, Sarah | Permalink | User Comments (63)

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I love Joe Biden!!

Posted by: hang | Oct 13, 2008 4:37:12 PM

Obama is sending out Biden to do the dirty work so Obama can look clean. America should know better. Biden is gambling our future with Obama.

Posted by: young_voter | Oct 13, 2008 4:46:37 PM

JOE BIDEN PLAYS POLITICS WITH THE
ECONOMY........
DEMOCRATS CANNOT FIX THE ECONOMY.
OBAMA AND BIDEN ARE TAX AND SPEND
LIBERALS.....THEY'RE SOCIALISTS...
A VOTE FOR SOCIALISTS IS VERY DANGEROUS
FOR OUR STANDARD OF LIVING....

BEST CHOICE IS:
McCAIN/PALIN '08
[LESS TAXES,SMALL GOVERNMENT]

Posted by: Nicholas | Oct 13, 2008 4:47:33 PM

I know drilling is not the answer it would by the democrats estimates take 7 or so years to benifit from that why did we not start 5 years ago when prices were starting to go up oh thats right the ban on drilling for offshore oil.FU(K!NG democrats

Posted by: reddog0216 | Oct 13, 2008 4:49:20 PM

THE PRICE OF OIL is the price in the world market. Oil companies do not sell us crude at a discount price.

So you have to ask yourself, self, how much can we increase the oil production in this country?

NO SERIOUS ECONOMIST or oil production engineer in the world thinks we can increase our world production even 1%, no matter how hard we try.

REMEMBER, we only have 3% of the world reserves. IF you count all of the available oil resources in the world, we have .03 of that total!

SO how much will a (optimistic) ONE PERCENT increase in the world production of crude decrease the world price of oil?

THINK!

Posted by: John | Oct 13, 2008 4:50:03 PM

Obama is sending out Biden to do the dirty work so Obama can look clean. America should know better. Biden is gambling our future with Obama.

Posted by: young_voter | Oct 13, 2008 4:46:37 PM
==========================================

What in the heck do you think McCain does with PALIN fool!!

The only difference is that the Obama campaign doesn't try to incite ANGRY MOB SCENES, like McCain and Palin do!!!

Posted by: Davis | Oct 13, 2008 4:59:02 PM

@young_voter,

YOU should know better. Believing in McClown is playing with fire. An angry old man who wants to continue W's horrific legacy.

And for those of you that are so stupid to associate Obama with "domestic terrorists", why don't you look at your own candidate's associations with G. Gordon Liddy and Charles Keating? And you call Obama's associations questionable? Voters like you are why we are in the mess we are in.

Posted by: zed | Oct 13, 2008 5:00:44 PM

The Chevrolet Volt that will run for 40 miles on battery and will use the gas (or maybe something else) engine just to extend range will be available as soon as 2010 or earlier. We are closer to alternatives from oil than from getting a single drop of oil from offshore drilling. So, electric/alternative is not only CLOSER, but also 'the way to go' for long term. The offshore drilling initiative is there only to pay off the lobbyists from oil companies, nothing more, it is not for the interest of the nation. We can be the first ones to produce the most efficient cars that run on alternative energy and sell them like crazy to Europe and Asia, where oil prices have been always much higher than in the US, they will sell like hot bread and will put us back at the leadership while making us energy independent for the first time. The only thing we need is FOCUS, like we had in our race to the moon, in our race for nuclear power.

Posted by: Charles | Oct 13, 2008 5:01:14 PM

Everything coming out of McCain's campaign is incoherent... I would not want to risk four years under his leadership, when the man changes his mind every other day about what his priorities are and how he thinks he should best tackle them.. Ugh! how disappointing!

Posted by: MJ | Oct 13, 2008 5:01:39 PM

For those who keep saying tax and spend liberals, you might want to check the facts.
National Debt When Jimmy Carter ... by Meteor Blades Mon Oct 13, 2008 at 06:50:13 AM PDT...arrived at the White House:
$660 billion.
Added during Carter's four years: $337 billion.
Added during Ronald Reagan's eight years: $1.6 trillion.
Added during George H. W. Bush's four years: $1.6 trillion.
Added during Bill Clinton's eight years: $1.5 trillion.
Added during George W. Bush's seven years, nine months: $4.5 trillion.
Portion of the $9.5 trillion added to the national debt during the past 31 years and seven months that came during Republican presidencies: $7.7 trillion.
Percentage of that $7.7 trillion added during George W. Bush's two terms: 58%.
Could somebody explain again what "fiscal conservative" means?

Posted by: Jack | Oct 13, 2008 5:05:29 PM

Now the McCain Campaign is promising an economic policy tomorrow, Again.

Is he for real?

Posted by: Thinking | Oct 13, 2008 5:05:50 PM

Biden may not have Sarah Palin's appeal to wingnuts, but he does seem to have her number. Palin is a joke, McCain is drowing, and the GOP is on its way to a HISTORIC defeat. Let me repeat, as Joe would say, HISTORIC!!!

Posted by: Rick | Oct 13, 2008 5:06:29 PM

Wow plugs got 900 people to attend his show. He must have called rent-a-crowd.

Posted by: Norman | Oct 13, 2008 5:06:29 PM

reddog0216

The ban of offshore drill is renewed every year. I don't know how to tell you this, but 5 or 6 years ago Congress was controlled by the republicans.
OH MY!!!!

Posted by: The Unshrub | Oct 13, 2008 5:06:56 PM

I agree with Joe, we make ur own luck but unlike Joe we do it without government handouts and pie in the sky promises. We also take advantage of the education opportunities available to all of us and should warn those who do not get a diploma, who do not get advanced training that you will be left behind and your chance of owning a home or affording good health care will not be good. We'll help you if you are sick or disabled but we will not carry you if you are capable.

I like you Joe (and I like your wife better), but I don't like your pandering.

Posted by: david | Oct 13, 2008 5:06:58 PM

Is Vera Baker the October surprise?

Are the Obama supporters on edge over this?

Posted by: ch | Oct 13, 2008 5:07:34 PM

Why report anything Biden says. The man is an idiot. Hardly a day goes by before he sticks his foot in his mouth. Also, why report on a guy whose "crowds" are laughable. The few who show up might actually waiting to see if he can do miracles and get the wheelchair bound "lame" to walk.

Posted by: Jack | Oct 13, 2008 5:07:48 PM

Wait. The Bush administration proposed the "bailout" of the banks.

Enough members of the House and Senate voted in favor of the bill (that uses taxpayer money) that it passed and is now law.

3 Senators who voted for the bill appear on Presidential tickets.

And Biden has the gall to say McCain wants to use taxpayer money? To say McCain is with Bush?

Who did Biden and Obama side with when they voted FOR the bailout? When they voted to USE your money for it?

Pot. Kettle. Black.

Posted by: Fed Up With Them All | Oct 13, 2008 5:09:04 PM

BEST CHOICE IS:
McCAIN/PALIN '08
[LESS TAXES,SMALL GOVERNMENT]

Posted by: Nicholas | Oct 13, 2008 4:47:33 PM
=====================================

Yo Nicholas, have you opened a newspaper lately? Between your cliches and lack of understanding of current events, one could hardly take you seriously. "Tax and spend liberals" "Socialist" Wow, I suppose you're one of the 20% who still thinks Bush is doin a bang up job!

Posted by: Brian | Oct 13, 2008 5:09:25 PM

Jack

If Biden is an idiot, he sure is an idiot that is admired and loved by many Americans, Deocrats and republicans.

By the way, how is Palin working out for you?

Posted by: The Unshrub | Oct 13, 2008 5:10:45 PM

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