Watch CBS News

RNC: Dems Are To Blame For The Whole Housing Meltdown

The Republican National Committee isn't taking kindly to the Democratic attacks on John McCain and House Republicans blaming them for stalling the bailout legislation.

Here's the statement from RNC spokesman Danny Diaz, a sure sign that this is just getting plain ugly _ only hours after many in official Washington thought they had a deal:

"It is sad commentary on the Democratic Party that the individuals asleep at the wheel as the housing industry went into crisis are now attacking the leader who worked to reform the system," Diaz said, pointing out that McCain pushed for Fannie Mae and Freddie Mac reform in 2005. "Rep. [Barney] Frank, Sen. [Charles] Schumer and Sen. [Christopher] Dodd are more focused on carrying Barack Obama’s water than solving a historic economic crisis that confronts this nation and its citizens."

 

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.