Obama Slams McCain for a 'Katrina Like' Response to the Bailout Bill

[jefferson_dem]

Obama Slams McCain for a 'Katrina Like' Response to the Bailout Bill
September 28, 2008 4:03 PM

ABC News' John Berman, Ursula Fahy, Matt Jaffe and Sunlen Miller Report: The Obama-Biden ticket brought out their wives for a rally in Detroit before 35,000 people this Sunday afternoon.

Sen. Barack Obama, D-Ill., spoke about the economic bailout bill’s progress, giving bipartisan credit for being close to passing a plan.

"Thanks to the hard work of Democrats and Republicans, it looks like we have a rescue plan that includes these taxpayer protections. It looks like we will pass that plan very soon."

Obama continued to be critical of Sen. John McCain’s reaction to the economic crisis– and for the first time today had tougher words, saying McCain’s response was similar to Bush’s response during Katrina.

"I think Senator McCain just doesn’t get it – he doesn’t understand that the storm hitting Wall Street hit Main Street long ago. That’s why his first response to the greatest financial meltdown in generations was a Katrina like response. Sort of stood there. Said the ‘fundamentals of the economy are strong.’"

Obama said that McCain’s just been shifting positions over the last two weeks and looking for photo opts to try to find out what to say and what to do in terms of the economy.

"Well, I know what we need to do. You know what we need to do. Joe Biden knows what we need to do," Obama chanted, "We need to stop giving those tax cuts to corporations and CEOs on Wall Street, and start standing up for families right here in Michigan."

Obama pounded his message that Americans can’t afford the "nonsense" of four more years like the last eight – and brought up how Friday’s debate – in his eyes – demonstrated how McCain could bring just that.

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http://blogs.abcnews.com/politicalradar/2008/09/obama-slams-mcc.html

[melody]

1. That was the perfect, intuitive analogy

It blended images along with emotion ... it was obvious but brilliant all the same.

[alsame]

2. I can't wait to see the McCain/Bush/birthday cake picture in

an ad.

[Eric J in MN]

3. Katrina was a crisis. This isn't.

If stocks go down more, then the good ones will rise, again.

If the worldwide financial system stops, then it will re-start because people want to do business with each other.

Legislation shouldn't be rushed.

[jefferson_dem]

4. Debatable.

The market is not a zero sum game. In fact, it's more like a house of cards. The whole game could come tumbling down with indecision. That's just my take.

[unblock]

7. no, if the worldwide financial system stops, nearly every major business folds

i suppose you could argue that a better financial system would re-emerge and worthy businesses would restart, but that would be an astoundingly painful and drawn-out process. that's essentially what happened 1929-1933.

i'm not thrilled about the specifics of this plan, and i'm not convinced it will help enough. more needs to be done, and i'm not talking about simply throwing money at the problem. however, the problem is real enough and the consequences of inaction are severe.

p.s., my job puts me in the thick of things. we're doing GREAT business because of this mess. good for my company, bad for the economy.

[babylonsister]

5. Rec'd! McBush's delayed response was certainly Katrina-like,

as was his ignorance and inability to get anything done.

[samsingh]

6. i love it when Obama goes on the offensive

[Raffi Ella]

8. ooo that's good

and so true -



GOBAMA GOBAMA GOBAMA GO! :dem: