The majority of House Republicans were against the bailout and McCain’s blaming Democrats- principally Obama and Pelosi- for the failure. Politics ahead of country? That’s reaching. I guess they need to create a little controversy to deflect attention away from the Palin interviews. McCain sat in on yesterday’s. She didn’t do as bad this time, but with McCain sitting there policing, it sent the message that she couldn’t handle the situation or wasn’t trusted to do so (maybe for good reason). There was the question about the voter asking about Pakistan…again McCain tried to divert attention away from the issue (reminiscent of Bush when under fire for a variety of questionable actions in his Presidency) with the “Gotcha Journalism” (another Bush tactic-give everything a catchy nickname so people remember the diversion, rather than the issue of concern) commentary. It was a “gotcha” moment. Palin gave an answer like the one McCain criticized from Obama. It’s a legit “gotcha”! Palin’s allowed to tell the terrorists our general plan, but Obama’s supposed to not let anyone know what he thinks should be done on foreign policy issues. Doesn’t really make sense.
Obama didn’t blame anyone for the crisis, but is talking about McCain’s deregulation history. McCain did say “ Fundamentals of the economy are strong.” And that he’s “fundamentally a deregualtor”.
I have heard some in conservative circles about McCain’s bill and warning of the financial crisis. If McCain did cosponsor something to fix Fannie and Freddie in 2003 or 2005, why is he not talking more about that? It seems like that would be ripe for disputing Obama’s digs…unless it is not as it seems. The bill never made it out of Republican committee, to Senate floor. His economic plan is more like Gramm’s, not this bill. Gramm left the campaign as chief economic advisor after the whiner comment this summer, but still assists the campaign, which is frightening.
On the one hand you’ve got that and on the other you’ve got different things McCain has said. "The issue of economics is not something I've understood as well as I should," McCain said. "I've got Greenspan's book."
(It was at this point he looked to Gramm for advice-yikes!)
This is a sore point for both campaigns. Both candidates have connections to Fannie and Freddie- McCain’s got Phil Gramm and Rick Davis, among others.
Here’s a different view:
It wasn’t Fannie and Freddie
Old McCain foreign policy adviser list:
More recent list:
Economic adviser list:
This could be an interesting site. I didn’t have a chance to peruse it for long…
Two oft repeated McCain quotes that make me chuckle:
(He repeated them in the debate, though he rushed through the delivery of the veto pen one so it wasn’t as dramatic as at stump speeches)
*veto pen; “ I will make them famous and you will know their names”
*”snatch defeat from the jaws of victory”- talking about Obama’s plan