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Finally: McCain jabs Obama in the Fannie; Palin pokes Biden on patriotism

By Michelle Malkin  •  September 18, 2008 12:55 PM

Took ’em long enough.

Maybe McCain will rethink his praise of Obama’s community organizer record while he’s at it. Sigh.

Hotline reports:

John McCain today in Cedar Rapids, IA, said Barack Obama has done nothing to help the nation avert fiscal crisis:

“Senator Obama talks a tough game on the financial markets but the facts tell a different story. He took more money from Fannie and Freddie than any Senator but the Democratic chairman of the committee that regulates them. 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.

Sarah Palin also took a good poke at Joe Biden’s higher taxes=patriotism remarks:

“To the rest of America that’s not patriotism. Raising taxes is about killing jobs and hurting small businesses and making things worse.”


Not so good: McCain saying he would fire conservative stalwart Chris Cox, head of the SEC. Quin Hilyer:

Now McCain wants to fire Chris Cox from the SEC specifically because Cox supposedly “allowed naked short-selling.” This is just the latest in a string of utterly panicky statements this week in which McCain has shown that he doesn’t have a clue what he is talking about. The truth is, Cox actually did move to ban naked short-selling, and withstood harsh (but wrongheaded) criticism from almost all quarters when he did so. His staff was working on regs — which takes some time — to make the ban permanent. He has been pushing since the first time I ever met him, in 1993, to curb outlandish short-selling. He was probably the single most avid person in all of Congress AGAINST aggressive short selling, and has tried ever since he got to the SEC to curb it. Blaming him for naked short selling is like blaming McCain for losing Vietnam…..

Posted in: Subprime crisis