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Biden Says Wall Street Woes Awoke McCain to Crisis

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Biden Says Wall Street Woes Awoke McCain to Crisis Democratic vice presidential candidate Joe Biden said Wednesday it took a financial crisis on Wall Street for Republican candidate John McCain to realize the US economy is in trouble. "Where was he a week ago, a month ago?" Biden asked as he campaigned in suburban Toledo at the beginning of a two-day bus tour. "I don't doubt John cares," Biden said of his Senate colleague, who has long supported reducing corporate regulation. "He just doesn't think we have any responsibility to people who are hurting."

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Jillness Jillness 7 years
I posted a link...but it was flagged. ;)
Jillness Jillness 7 years
http://www.nytimes.com/2008/09/16/us/politics/16record.html?pagewanted=1&_r=1&hp
Jillness Jillness 7 years
Obama on the other hand... NYT: "In March 2007, however, he warned of the coming housing crisis, and a year later in a speech in Manhattan he outlined six principles for overhauling financial regulation." So while McCain was still saying in Nov. 2007 that he "didn't anticipate" the housing crisis, and that he doesn't "pretend to be smart enough" to give specific solutions to this crisis...Obama had 8 months earlier warned of the crisis, and proposed anti-predatory lending legislation. 6 months ago Obama put out his 6 principles for dealing with this...and McCain has yet to give ANY specifics.
Jillness Jillness 7 years
Obama on the other hand...NYT:"In March 2007, however, he warned of the coming housing crisis, and a year later in a speech in Manhattan he outlined six principles for overhauling financial regulation."So while McCain was still saying in Nov. 2007 that he "didn't anticipate" the housing crisis, and that he doesn't "pretend to be smart enough" to give specific solutions to this crisis...Obama had 8 months earlier warned of the crisis, and proposed anti-predatory lending legislation. 6 months ago Obama put out his 6 principles for dealing with this...and McCain has yet to give <b> ANY </b> specifics.
Jillness Jillness 7 years
"Wasn't McCain like Anti-Regulations??" Yes. NYT: "In early 1995, after Republicans had taken control of Congress, Mr. McCain promoted a moratorium on federal regulations of all kinds. He was quoted as saying that excessive regulations were “destroying the American family, the American dream” and voters “want these regulations stopped.” The moratorium measure was unsuccessful." “I’m always for less regulation,” he told The Wall Street Journal last March, “but I am aware of the view that there is a need for government oversight” in situations like the subprime lending crisis, the problem that has cascaded through Wall Street this year. He concluded, “but I am fundamentally a deregulator.” Later that month, he gave a speech on the housing crisis in which he called for less regulation, saying, “Our financial market approach should include encouraging increased capital in financial institutions by removing regulatory, accounting and tax impediments to raising capital.” His record speaks for itself!
Jillness Jillness 7 years
"There may be something I’m unaware of, but what one major item do they disagree with the last eight years on? On taxes? On jobs? On exporting jobs? On education? On college tuition? On alternative energy? On not one! Not one that I know of! The only change I know of that they’re talking about in those areas is they’re gonna tax your healthcare."LOVE IT!I don't think enough people are aware that under McCain's health care plan, employer paid health insurance will now be <b> taxable income</b>. Most employers pay about $9-$12,000 per year for each employee. That means that it won't feel like you got a raise, but your taxes will increase as if you got a $12,000 raise.
Jillness Jillness 7 years
"There may be something I’m unaware of, but what one major item do they disagree with the last eight years on? On taxes? On jobs? On exporting jobs? On education? On college tuition? On alternative energy? On not one! Not one that I know of! The only change I know of that they’re talking about in those areas is they’re gonna tax your healthcare." LOVE IT! I don't think enough people are aware that under McCain's health care plan, employer paid health insurance will now be taxable income. Most employers pay about $9-$12,000 per year for each employee. That means that it won't feel like you got a raise, but your taxes will increase as if you got a $12,000 raise.
dreamsugar dreamsugar 7 years
Joe is amazing and he's totally right! Wasn't McCain like Anti-Regulations??? (I believe I read that somewhere.)And NOW he want to regulate the industry -- yeah --like I trust him to do that.
dreamsugar dreamsugar 7 years
Joe is amazing and he's totally right! Wasn't McCain like Anti-Regulations??? (I believe I read that somewhere.) And NOW he want to regulate the industry -- yeah --like I trust him to do that.
liliblu liliblu 7 years
imabeliever I heard that speech it was great.
harmonyfrance harmonyfrance 7 years
That was terrific imabeliever thanks for posting. :)
Imabeliever Imabeliever 7 years
I love watching Joe speak to the public.. he is an amazing guy.. if anyone knows McCain it's Joe. I was listening to one of his speeches on the radio the other day and was laughing out loud and yelling reponses.. I researched some of his zingers.. “Folks, we’ve seen this movie before,” Biden said, reminding voters what George Bush had promised reform and a new tone in Washington as a candidate, but failed to deliver. “And we know, the sequel is always worse than the original.” "He will have to figure out which of the seven kitchen tables to sit at" when considering his own economic future, Biden said — a blistering reference to McCain's embarrassing admission, particularly during a period of financial turmoil, that he didn't know how many homes he and his ultra-wealthy wife own. “That’s what John said,” Biden assured a booing crowd. “He says that, ‘We’ve made great progress economically’ in the Bush years. Ladies and gentlemen, ladies and gentlemen, I could walk from here to Lansing, and I wouldn’t run into a single person who thought our economy was doing well -- unless I ran into John McCain.” "I've been disappointed in my friend, John McCain, who gave in to the right wing of his party and yielded to the very 'Swift Boat' politics that he once so deplored," Biden said. "Folks, campaigns for presidents are a test of character and leadership." He insinuated McCain has failed that test. “What really bothers me is that every punch that’s thrown at us -- it’s an attempt to distract you, to distract the American people from the very important issues that face this country,” he said. “It’s disappointing to me, it’s disappointing to me literally to think that the guy I knew, John McCain really does approve this message, as he says at the end of every one of these things.” "John McCain and Sarah Palin are talking about being the agents of change," Biden told reporters aboard a flight to Kalispell, Mont. "There may be something I’m unaware of, but what one major item do they disagree with the last eight years on? On taxes? On jobs? On exporting jobs? On education? On college tuition? On alternative energy? On not one! Not one that I know of! The only change I know of that they’re talking about in those areas is they’re gonna tax your healthcare."
yesteryear yesteryear 7 years
hahah nice one steph!!!
yesteryear yesteryear 7 years
hahah nice one steph!!!
harmonyfrance harmonyfrance 7 years
steph :rotfl:I'm already doing that.
harmonyfrance harmonyfrance 7 years
steph :rotfl: I'm already doing that.
stephley stephley 7 years
I love the McCain campaign's clueless response:"No matter how fiery the sales job, Ohio voters prefer John McCain's maverick record of reforming government and fighting for change," Porritt said."If the economy gets any worse, we're all going to be 'fighting for change', in the couch cushions.
stephley stephley 7 years
I love the McCain campaign's clueless response: "No matter how fiery the sales job, Ohio voters prefer John McCain's maverick record of reforming government and fighting for change," Porritt said." If the economy gets any worse, we're all going to be 'fighting for change', in the couch cushions.
harmonyfrance harmonyfrance 7 years
Joe Biden is exactly right.
harmonyfrance harmonyfrance 7 years
Joe Biden is exactly right.
Great-Sommelier Great-Sommelier 7 years
The coverage here is getting ridiculous.
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