Obama On Need For Financial Regulation BACK IN MARCH 2008!

[Median Democrat]

John McCain, of course, is accusing Obama of taking political advantage of the current financial crisis. However, Obama's quick response was not due to some opportunistic political proposals. Instead, Obama has been pushing for the need for improved regulation of the financial markets back during the primaries in March 2008.

Here's Obama's speech:

http://www.youtube.com/watch?v=cSuT5zN2SPI

Here's an outline of Obama's proposals for financial regulatory reform due to the affects of the repeal of the Glass-Steagal Act:

http://obama.3cdn.net/f9836ef496f75a9be0_39gimvt5b.pdf

In contrast, John McCain has suddenly had an epiphany that perhaps he should not listed to the Grover Norquist types who push for deregulation, he should push for tougher regulations.

In encourage folks to listen to Obama's speech, which now seems precient in light of the recent economic crises. Indeed, it is interesting how he notes that the collapse of Enron and Worldcom should have made clear the need for new regulation back in 2003.

[Median Democrat]

1. Bumping To Show Obama's Consistency With WI Speech Today

McCain is trying to turn himself into a populist overnight. Obama just needs to stick to his message.