Posted on 10/06/2008 11:05:20 AM PDT by flyfree
We asked John McCain to take off the gloves — and he listened. In remarks McCain will deliver today, he blasts Democrats, including Barack Obama, for their market manipulations and defense of Fannie Mae against regulator warnings. He accuses all of them of encouraging corruption (emphases mine):
Our current economic crisis is a good case in point. What was his actual record in the years before the great economic crisis of our lifetimes?
This crisis started in our housing market in the form of subprime loans that were pushed on people who could not afford them. Bad mortgages were being backed by Fannie Mae and Freddie Mac, and it was only a matter of time before a contagion of unsustainable debt began to spread. This corruption was encouraged by Democrats in Congress, and abetted by Senator Obama.
Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.
Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression. To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. He has received more money from Fannie Mae and Freddie Mac than any other senator in history, with the exception of the chairman of the committee overseeing them.
Did he ever talk to the executives at Fannie and Freddie about these reckless loans? Did he ever discuss with them the stronger oversight I proposed? If Senator Obama is such a champion of financial regulation, why didn’t he support these regulations that could have prevented this crisis in the first place? He won’t tell you, but you deserve an answer.
Looks like the old fighter pilot is ready to get off the mat and come out swinging tomorrow night.
Excellent.
McCain needs to keep drving home the point that
A) Democrats caused the subprime mess, and
B) Obama will make it worse with higher taxes.
Hit ‘em again! Hit ‘em again!
Harder! HARDER!!!
Ayers
Fannie & Freddie
Rezko
Wright (c’mon John, you know you wanna...)
About Time.
Put a face to it. Franklin Raines and Jim Johnson, both past Fannie Mae CEO’s.
Prediction-Stuttering Barry will say “Keating Five”, and McCain will ask for a truce, to “stop the personal attacks”.
Yeah, too bad he voted for that monstrosity last week.
THANK GOODNESS. Now he better do this in the debate tomorrow night.
there you go John....keep it up and LOUDER!
Ads, ads, ads! Hammer the Bolsheviks with the truth. Better go down with blazing guns then be buried like a meekling.
Go go go go....YES! Go after him like never before...
Please pinch me is this what John McCain said?
Good, he needs to say this DURING THE DEBATE TOMORROW.
McCain actually attacks ZeroBama for Freddy??? Surely I woke up on Mars today.
Harder and more often
McCain has an easy solution to that. Say he was exonerated of any wrong doing, and that EXPERIENCE made me push for Campaign Finance Reform legislation.
What legislation have you passed based on your experiences Mr. Obama? I’ve already had my on the job training and have grown from it.
Show your support! Volunteer and donate. This is going to be a tough 4 weeks!
Yeah, this is not enough. I thought he said he was going to name names. When I see that I will believe he is serious.
Half heartedness doesn’t count.
Who worked for HUD Secretaries Martinez and Jackson both Bush appointees.
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