New Obama Ad On His Advisors: Fiorina/Gramm/Bush

[kpete]

VIDEO: http://my.barackobama.com/page/content/whoadvises_ad/

How about this Ad!

This is what I’m talking about. Obama has found his stride on this issue. With every gaffe McCain makes, Obama is up in his grill and is punching him in the mouth. Script here:

BO V/O: I’m Barack Obama and I approve this message.

V/O: John McCain admits he doesn’t understand the economy

So who advises him?

Carly Fiorina, the fired CEO who got a $42 million golden parachute.

Phil Gramm, the ex-Senator who pushed through deregulation, and called Americans hurt by this economy “whiners.”

Then there’s George Bush, whose disastrous policies McCain wants to continue.

http://strategy08.wordpress.com/2008/09/19/new-obama-ad/

They think the economy is fundamentally strong.

We know they’re fundamentally wrong.

Indeed.

[Captain Hilts]

1. VERY good! I like the part about the $42m parachute!

FDR: Economic royalists!

[Muttocracy]

2. FANTASTIC! I still can't believe McCain has been using Fiorina as a spokesman. nt

[blondeatlast]

10. No kidding. Carly "Americans think they have a God-given right

to a job. They don't." Fiorina; who subsequently shipped 10000 damn good tech jobs to India.

:mad:

[MichDem10]

3. Awesome ad! Very nice catch phrase!

"They think the economy is fundamentally strong.
We know they're fundamentally wrong."

:woohoo:

[ben_meyers]

4. McCain on Obama's ties to Fannie and Freddie

"He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them," McCain said today in Iowa. "He put Fannie Mae's CEO who helped create this disaster in charge of finding his Vice President. Fannie's former General Counsel is a senior advisor to his campaign. Whose side do you think he is on? When I pushed legislation to reform Fannie Mae and Freddie Mac, Senator Obama was silent. He didn't lift a hand to avert this crisis. While the leaders of Fannie and Freddie were lining the pockets of his campaign, they were sowing the seeds of the financial crisis we see today and enriching themselves with millions of dollars in payments. That's not change, that's what's broken in Washington."

[Psst_Im_Not_Here]

7. Had a thuglican on my blog today go with that, here's my reply

Him:“Oh, who have these two entities given the most money to? Chris Dodd and Barack Obama.”

And what have they gotten for their money? Show me what the money bought. Ya see, money doesn’t always buy companies happiness. For instance, my current Senator, Salazar has taken $60,000 from the oil industry, he has voted with them 0% of the time. How about this?

Obama has sponsored these bills in the Senate:

Senate Bill S.1181- A bill to amend the Securities Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation. (or to allow the shareholders a vote on the “Golden Parachutes” of their CEO’s, run the company into the ground and I doubt the shareholders will vote a huge severence package for ya)

Senate Bill S.1222- A bill to stop mortgage transactions which operate to promote fraud, risk, abuse, and under-development, and for other purposes.

Bills Co-Sponsored by Obama?

S.2136-A bill to help homeowners keep their homes in the event of a bankruptcy. (note: they still have to pay for the house, it place conditions on punitive fees and penalties);
S.3252: A bill to amend the Consumer Credit Protection Act, to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes;
S.2636: A bill to provide needed housing reform.Help for those facing foreclosure;
S.2595: A bill to create a national licensing system for residential mortgage loan originators, to develop minimum standards of conduct to be enforced by State regulators, and for other purposes;
S.2452: A bill to amend the Truth in Lending Act to provide protection to consumers with respect to certain high-cost loans, and for other purposes; S.2411: A bill to require the establishment of a credit card safety star rating system for the benefit of consumers, and for other purposes;
S.1356: A bill to amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes;
S.681: A bill to restrict the use of offshore tax havens and abusive tax shelters to inappropriately avoid Federal taxation, and for other purposes;
S.10: A bill to reinstate the pay-as-you-go requirement and reduce budget deficits by strengthening budget enforcement and fiscal responsibility.

And John McCain? Does the name Phil Gramm ring any bells? He’s the McCain campaign’s Economic Advisor. You know, the guy that said that we are a nation of “whiners”?

Mother Jones calls him “Foreclosure Phil” Quote:“Eight years ago, as part of a decades-long anti-regulatory crusade, Gramm pulled a sly legislative maneuver that greased the way to the multibillion-dollar subprime meltdown.” And “In the 1990s, as chairman of the Senate banking committee, he routinely turned down Securities and Exchange Commission chairman Arthur Levitt's requests for more money to police Wall Street”

And the New York Daily News says, “guru who could be the poster boy for the late 1990s' deregulation frenzy that helped finance titans build houses of cards” AND “Gramm was the lead sponsor of 1999's Financial Modernization Act that undid rules written after the Great Depression.

The legislation helped clear the way for every major U.S. finance company to play the mortgage market.
"That act broke down the fire wall between banks, investment companies and other financial institutions that had been in place since 1933," said Ed Mierzwinski of the U.S. Public Interest Research Group. "It was one of the turning points that led to this."

TONS more on Gramm here: http://www.motherjones.com/news/feature/2008/07/foreclosure-phil.html

And McCain wants HIM as Secretary of the Treasury.

[calmblueocean]

13. That's a great rebuttal.

I suspect we're going to see a lot of McCain trying to tie Obama to Freddie Mac and Fannie Mae in the future.

Something I think is worth pointing out is that Freddie Mac and Fannie Mae only participate in the secondary mortgage market. They never wrote a single subprime mortgage, or tricked a buyer into a mortgage they weren't qualified for. They were victims of the people who did. Fannie and Freddie are no Enron.

http://www.fanniemae.com/aboutfm/industry/index.jhtml?p=About+Fannie+Mae&s=The+Industry

[Psst_Im_Not_Here]

19. Good point!

I spent an hour going through Senate records for that one!

[blondeatlast]

22. Damn--I'm going to print that out and also pass it on. GREAT stuff! nt

[Psst_Im_Not_Here]

24. Go right ahead!

Get some use out of it! My sister was :rofl: at my response to him. Said he messed with the wrong woman! The whole thing was a response to my post and Big Bear John's post (I reposted his post with permission of course. http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=132x7097060) and this cocky ass jerkoff replied with the usual condescending republican talking points. No sources cited, of course. So I lit him up. The above is just part of the response from me.

[TheDonkey]

5. EXCELLENT. GOBAMA! He's really taking it to bush and McSame. Great.

[1corona4u]

6. Great ad!

[TxBlue]

8. Simple. Easy to Digest. Catchy. Yes! I love it

[CakeGrrl]

9. Cool. Finally brought up Fiorina and her golden parachute

and a bonus reminder about Phil Gramm calling everybody whiners just as the economy is starting to blow up.

[ljm2002]

11. Nice ad!

Way to go!!!

Short and to the point. And I love that they mention that Ms. Fiorina was a FIRED CEO who got a $42M golden parachute...

Then it wraps up with a nice catch phrase: They say the economy is fundamentally strong... We know they're fundamentally wrong.

Very, very good ad IMO.

[avaistheone1]

12. GREAT!! One of the best political ads I have ever seen.

Short, to the point, great message, and pulls no punches.

:kick:

[SweetieD]

14. WHOO HOO! I've been waiting for this kind of ad for a while!

[BklynChick]

15. k/r

[truthisfreedom]

16. Gets 'em in the gut!

[and-justice-for-all]

17. It is running here in Indiana...nt

[tbyg52]

18. A *transcript*! I'm in dialup heaven! nt

[BumRushDaShow]

23. The transcript is in the OP. n/t

[tbyg52]

27. Yes, I know. That's why I said I was in dialup heaven. So many *don't* put them in the OP,

or even much of a hint as to what the post is about.

[Hope And Change]

20. K & R!

[Fluffdaddy]

21. Now that's what I'm taking about.

[Jennicut]

25. This rocks. I love Obama, he is coming out strong.

Golden parachute, nation of whiners and Shrub. Perfect.

[olegramps]

26. Fiorina's Lucent Connections

As part of her resume she bragged about her involvement in the spinning off the former Western Electric and Bell Laboratories part of the AT&T Technologies as Lucent Technologies. At the time of the spin-off Western employed over 165,000 high tech employees. Today, they have only 30,000 and the company has been sold to the French firm Alcatel. The 145,000 retired employees have seen their benefits cut substantially. Another Republican success story on how to crush the Middle Class.