Obama: McCain Is Acting "Erratic" On The Economy
(CBS)
(DAYTON, OHIO) - Barack Obama accused John McCain of acting “erratic” when it comes to the economy, charging that he has shifted positions on mortgage buyouts.
While speaking at Dragon’s Stadium, the first stop on his jobs tour, Obama said that McCain had offered up a plan for the government to purchase bad mortgages at a discount.
“The idea wasn’t particularly new,” Obama explained noting that the Treasury already has the authority to renegotiate a mortgage under the bailout plan.
However, Obama said that McCain is now offering up a plan in which the government would purchase mortgages at the going rate, allowing lenders to profit.
“It’s not just that the McCain bailout rewards irresponsible lenders, it’s that his bailout would make it more likely that those lenders keep up their bad behavior,” Obama said.
“This is the kind of erratic behavior we’ve been seeing out of Senator McCain,” he added. “I don’t think we can afford that kind of erratic and uncertain leadership in these uncertain times. We need steady leadership in the White House.”
The McCain campaign blasted back, accusing Obama of not being “straight with the American people.”
“He won't spend a dime to help hardworking Americans stay in their homes,” spokesman Tucker Bounds said, “In addition to explaining his friendship with unrepentant terrorist Bill Ayers, Barack Obama should tell voters why he supports the $700 billion legislative rescue plan but now opposes using that money to help homeowners get the relief they need and strengthen our economy.”
The reason McSame feels the desperate need to stay in Iraq and "win" is that he is still fighting Vietnam in his mind...Sad.
Does he smoke a lot of cigarettes only when he plays poker with his Chicago friends or is it a daily habit?
How can we trust him on health care if he is a smoker. Would not someone who really wants to hold down healthcare costs want to quit smoking.
We want to know if Barack Obama is going to promise to not chain smoke around Joe Biden because Joe Biden had asthma as a teenager.
The reason that Joe Biden could not fight for his country in 1968 during the peak of the Vietnam War was that he had teenage asthma.
Joe Biden had horribly bad luck, ninety percent of all children are diagnosed with asthma before age six but Joe Biden was unlucky enough to be in the ten percent group of children who acquire asthma after age six and became asthmatic when he was a teenager.
The reason that Joe Biden could not fight for his country in 1968 during the peak of the Vietnam War was that he had teenage asthma.
Joe Biden had horribly bad luck, ninety percent of all children are diagnosed with asthma before age six but Joe Biden was unlucky enough to be in the ten percent group of children who acquire asthma after age six and became asthmatic when he was a teenager.
After five student deferments while he attended college and law school, his teenage asthma finally came to the attention of his local Selective Service Board and he missed the opportunity to serve his country during time of war as an officer. But for his bad luck with his teenage asthma diagnosis, Joe Biden could have gone in and served his country honorably as a officer and a gentleman and perhaps as a Judge Advocate Law Officer similar to his son.
We hope that Barack Obama will not smoke in front of Joe Biden because the smoke could aggravate Joe%u2019s asthma that prevented him from serving his country during time of war.
In June sources released information that during his campaign for the State Senate in Illinois, Obama was endorsed by an organization known as the Chicago "New Party". The "New Party" was a political party established by the Democratic Socialists of America to push forth the socialist principles of the DSA by focusing on winnable elections at a local level and spreading the Socialist movement upwards. The admittedly Socialist Organization experienced a moderate rise in numbers between 1995 and 1999. By 1999, however, the Socialist "New Party" was essentially defunct after losing a supreme court challenge that ruled the organizations "fusion" reform platform as unconstitutional.
Allegations surfaced in early summer over the "New Party''''s" endorsement of Obama, the Obama campaign along with the remnants of the New Party and Democratic Socialists of America claimed that Obama was never a member of either organization. The DSA and "New Party" then systematically attempted to cover up any ties between Obama and the Socialist Organizations. However, it now appears that Barack Obama was indeed a certified and acknowledged member of the New Party."
THE FACT THAT THE LIBERAL MEDIA IS IGNORING THIS TRUTH SPEAKS VOLUMES TO THEIR INTENTIONS TO PUSH AMERICA INTO A SOCIALIST DICTATORSHIP!
OneAmerican7 at 02:57 PM :
10.09.08
Rightt!
Paranoia strikes deep
Into you life it will creep
It starts when your always afraid
Obama seems to have a better grip on, and respect for, the market''s ability to quit sloshing wildly by reinstituting sensible consumer protections and regulation. The moderating effect of a strong middle class, living prudently, is the right answer.
Buying homes, rather than flipping houses; managing our careers, rather than job-hopping; living our ordinary marriage-kids-mature-retire (some or none of the above) lives in our communities...not Congress. McCain said that D.C. changed him and I think that was about the last word of his "straight talk." In fear/anger we''ve, forgotten the answers are in us--ALL of us...not the government! Instead of discussing that truth, posters and bloggers are shattering goowill by spreading nonsense and ridiculous lies...all for people who wouldn''t know or care if any of us fell off the face of the earth.
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by zaqxsw22
October 10, 2008 6:23 AM PDT
- John McCain has shown through his past actions that he has no concern for the wellbeing of middle-class Americans. When taking that into consideration, just how do you think he will handle the current financial disaster our economically battered nation is in today? For an answer to that question, one must look to the past, specifically McCain%u2019s disgraceful involvement in the Keating Five savings-and-loan scandal that decimated our economy, not to mention millions of hard working American%u2019s life savings, in the late 1980%u2019s.
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See all 14 CommentsMillions of hard working Americans had their life savings wiped out when one savings-and-loan after another went down because of the criminality of repugnant swindlers such as Charles Keating. Keating is a convicted felon who greedily defrauded millions out of their life savings, while at the same time he donated more money to McCain%u2019s campaign than any other contributor in the nation. And what did McCain do when he learned of Keating%u2019s arrest? He illegally tried to use his influence to keep his friend and largest campaign contributor out of jail.
McCain%u2019s involvement as the key figure in the Keating Five scandal is a window into his past, present, and future disregard for middle-class Americans. I urge all decent Americans who are sick and tired of being treated like second class citizens by the reprehensible corporate elite on Wall Street and their enablers such as John McCain, to take a look at KeatingEconomics.com