Obama: If You're Satisfied With Economy, McCain's Your Man

[tekisui]

http://www.theindychannel.com/news/17481082/detail.html

INDIANAPOLIS -- Democratic presidential candidate Sen. Barack Obama said leaders in Washington need to better regulate the financial and housing markets if the country is ever to recover from the current economic downturn.

In an interview with 6News' Todd Wallace on Monday, Obama reacted to the news that two more investment banks -- Lehman Brothers and Merrill Lynch -- had fallen victim of the recent meltdown on Wall Street.

"This is a consequence of eight years of not regulating the financial markets, even as they were going into all kinds of risky behavior," he said. "That is going to change when I'm president. I think it is important, regardless of the efforts by special interests and lobbyists, to block these efforts. We've got to create a new regulatory system, a new framework, that is overseeing a lot of this stuff so that we don't put taxpayers in a position of potentially bailing out these companies."

Obama also took a swipe at his Republican opponent, Sen. John McCain, who said on the campaign trail on Monday that he thought the fundamentals of the economy were still strong.

"I think the people of Indiana, when they look at the fact that John McCain still wants to provide tax breaks to companies that are shipping jobs overseas, or today said that he thought the fundamentals of the economy were still strong … I think that people are going to conclude that they want somebody who's on top of the economy and can help move in a direction that we have more jobs in Indiana and incomes for middle class folks start going up," he said.

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[JuniperLea]

1. Yay!

McCain = Bush
The Depression President
Hoover was an amateur!

[Coexist]

2. "are you better off now than you were under a Democratic administration"?

[JuniperLea]

3. I find it interesting...

How many of these huge financial firms and banks survived the last depression, but are going belly up now.