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October 06, 2008

And The Gloves Come Off

McCain isn't going down without a fight.  Redstate has these remarks:

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.

To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. He has received more money from Fannie Mae and Freddie Mac than any other senator in history, with the exception of the chairman of the committee overseeing them. Did he ever talk to the executives at Fannie and Freddie about these reckless loans? Did he ever discuss with them the stronger oversight I proposed? If Senator Obama is such a champion of financial regulation, why didn’t he support these regulations that could have prevented this crisis in the first place? He won’t tell you, but you deserve an answer.

Obama is bringing up the Keating Five also . . . nevermind the fact that that scandal was a Democrat scandal, and Robert Bennett has claimed that McCain was only roped in because the Congress wanted it to be bipartisan so to minimize the hit . . . and of course it was John Glenn who was involved, whom Obama has out on the stump for him.  Every piece of evidence has proven that McCain did nothing wrong,  

But lets talk about personal decisions and personal choices.  Virtucon has it that Obama sought out terrorist Bill Ayers for a job, clearly quite comfortable around a guy who never apologized for killing his fellow citizens.  Nice.  

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