Nice. They are hanging Fannie and Freddie around Obama’s neck.
This ties the ‘corrupt DC’ theme to the current market turmoil to Obama. And lets McCain and Palin clearly claim the position as those bringing real change to DC.
And the announcement that the basic cause of the need for the bailout is loans made to people who couldn’t pay them back plays into this strategy.
I don’t know if Paulson meant to help, since Paulson is a democrat (we need to remind people of that, I read yesterday that Paulson was briefing the Obama campaign before he took some actions). But when Paulson laid the blame for this crisis at the feet of the Democrats, I had to laugh.