Re: Sure reads like he was a pal of the
by
Jimminyc
10/05/2008, 6:04 PM #
McCain: Obama Will Trigger Another 'Great Depression'
Friday, September 19, 2008 1:54 PM
By: Rick Pedraza
Speaking to a throng of supporters Thursday night in Green Bay, Wis., Republican presidential candidate John McCain lashed out at Democratic rival Barack Obama, saying Obama’s economic policies would lead to economic ills in the United States not seen since the Great Depression of the late 1920s and early ‘30s.
“A vote for me will guarantee that the forces that have brought down our economy will be out of business,” McCain told the crowd. “I will end the corrupt practices on Wall Street and backroom deals in Washington DC. I will hold accountable those responsible for the oversight and protection of consumers, taxpayers and homeowners” he said, adding that “a vote for Sen. Obama will leave this country at risk during one of the most severe challenges to America’s economy since the Great Depression, and that’s straight talk, my friends.”
[Editor's Note: Read “Excerpts From McCain's Speech on the Economy” — Go Here Now].
McCain added: “And that’s how we see this election, country first or Obama first,” he said to repeated chants of “Country First, Country First” from the crowd.
“So when it comes to cutting taxes for seniors, for working families, for small businesses, my opponent didn’t put the hardworking people of this country first.”
For his part, Sen. Obama answered back that McCain would be the riskier choice when it comes to leading America through its economic woes.
“On Monday, he said the economy was fundamentally sound, and he was fundamentally wrong,” Obama told CBS News. “We can’t change direction with a new driver who wants to follow the same old map. And that’s what this election is all about.”
McCain accused Obama of being beholden to his party’s wishes, according to the CBS News report.
“When it comes time to reach across the aisle, work with members of both parties, to get things done for the American people, my opponent can’t name a single occasion in which he went against his party’s leadership to get something done for this country,” he said. “That’s how we see this election, country first or Obama first.”
[Editor's Note: Read “Excerpts From McCain's Speech on the Economy” — Go Here Now].
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McCain does show knowledge of the Wall Street problem. Bush tried 17 times to get congress to do something And they rejected his requests, 17 of them, led by Dodd and Franks. I doubt McCain could budge them without the bailout. What happened to McCain's plan I read a hint about. It was supposed to put the companies liable for the repayment, not the citizens of this country. Anyone see anything about that plan??