Biden: McCain’s Economic Answers Are a ‘Bridge to Nowhere’
ABC News’ Matthew Jaffe reports: Democratic vice presidential nominee Joe Biden said Thursday that John McCain’s "out of touch" economic views are the ultimate Bridge to Nowhere.
"Ladies and gentlemen, this is more of the same," Biden said in his speech at the Pro Football Hall of Fame in Canton, Ohio, taking a jab at McCain’s running mate, Alaska Gov. Sarah Palin. "And so, if you look at it, if you look at it, John McCain’s answers for the economy — we’re in such desperate shape — is the ultimate bridge to nowhere. It’s nowhere. It takes you nowhere."
Although Biden consistently ties McCain’s economic views to President Bush’s, Biden said that now McCain "stands alone" with his belief that the economy’s fundamentals are strong.
"Just yesterday, a White House spokeswoman stood up and said, when asked, ‘Are fundamentals of the economy strong?’ She refused to answer," said Biden, referencing Dana Perino’s comments at Wednesday’s White House briefing.
"So, folks, John McCain literally stands alone now. Even with Bush, [McCain] stands alone now in saying the economy and the fundamentals are strong. He is totally out of touch with the problems of average people.
"John continues to say, ‘I am always for less regulation. I’m always for less regulation,’" he continued. "Ladies and gentlemen, regulation is not burdensome if, in fact, it’s designed to protect consumers, if it’s designed to protect investors.
"These guys have been asleep at the switch," Biden added.
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Obama Avoids Questions on Contraception Rule
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.
Those same Congressional leaders who give Senator Obama his marching orders are now saying that this mess isn’t their fault and they aren’t going to take any action on this crisis until after the election. Senator Obama’s own advisers are saying that crisis will BENEFIT him politically. My friends, that is the kind of me-first, country-second politics that are broken in Washington.
Today Senator Obama’s running mate said that raising taxes is patriotic. Raising taxes in a tough economy isn’t patriotic. It’s not a badge of honor. It’s just dumb policy.
Posted by: We are the Marxists we've been waiting for | September 18, 2008, 1:39 pm 1:39 pm
Obama’s Grand Plan makes twelve promises – none of them have anything to do with Wall Street, investment banking or the general financial crisis. Instead, the much vaunted Plan just offers the chewed Wonder Bread of previous Obama plans like “enacting a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills.”
But the Plan, like virtually everything that spins out of the Hope/Change vortex, lacks seriousness. I especially liked Obama’s pledge to “create 5 million green jobs.” That’s just the kind of Stalinist hard-headed realism we need during challenging times like these!
Reading the Obama Plan, which his serious commercial treats as a serious blueprint, it becomes painfully obvious that Barack Obama has nothing constructive to say about this week’s events. But maybe I’m jumping the gun. Perhaps his campaign will complete its polling and Obama will soon know whether he approves or disapproves of the AIG bailout.
Posted by: I want you to argue with them and get in their face | September 18, 2008, 1:44 pm 1:44 pm
McCain stood alone on the surge too. Who wants to elect defeatists like Obama and Biden? Harry Reid wetting his pants saying they don’t know what to do.
Watch the “Dome” ad. Powerful stuff.
Posted by: geevill | September 18, 2008, 1:45 pm 1:45 pm
Despite Death Threats Further Info From Journalist Who Exposed Obama’s Double-Dealing re: Troop Withdrawal
“While I am encouraged by the senator’s evolution, I must also appeal to him to issue a “cease and desist” plea to the battalions of his sympathizers – who have been threatening me with death and worse in the days since my article appeared. – Amer Taheri
IN Monday’s Post, I discussed how Barack Obama, during his July trip, had asked Iraqi leaders not to finalize an agreement vital to the future of US forces in Iraq – and how the effect of such a delay would be to postpone the departure of the US from Iraq beyond the time Obama himself calls for.
————–
The Obama campaign has said this is just silly! Silly Obuma is just so silly huh? Crime a silly crime!
Posted by: HP Boston | September 18, 2008, 1:47 pm 1:47 pm
People
look at Mccain and Keating
same issues deregulation…senators to chummy with the deregulation lobbyists and backers…
and a trillion dollar bail out.
the only difference now is…he took keating replaced him with the otheer deregulation lobbyist (an even worse one) Gramm. and instead of the guy going to jail
Mccain has him writing our future economic policies…
who is this freakin guy mcCain
go read about the last time this happened and who was again at the center of the mess and slime …
John mcCain and his deregulation buddies.
throw this bum and his old boys networkd out!
Posted by: dl | September 18, 2008, 1:48 pm 1:48 pm
“Those same Congressional leaders who give Senator Obama his marching orders are now saying that this mess isn’t their fault”
This mess isn’t their fault. They are the fault of the party that has controlled Congress the last 18 of 20 years and the Presidency for 8. Republicans were in power and they were the ones the set policy of de-regulation. The only blame that can be blamed on Democrats is they perhaps didn’t try hard enough to stop the policy. They did on occassion and were labeled obstructionists. You can’t have both ways. Republicans were in power and are responsible for what happens under their watch as a result of their leadership. The Republican tries to shirk this responsibility. I can’t say I blame them given the current state of affairs.
Posted by: indy_voter | September 18, 2008, 1:51 pm 1:51 pm
McCain’s policies of deregulation have had a direct effect on the economy. Now he wants to regulate.
When all you can fall back on is name calling and labels in your comments, you know your candidate’s message isn’t resonating.
Posted by: Good Point | September 18, 2008, 1:51 pm 1:51 pm
morons do not connect the dots
Mccain and Keating and deregulation
=trillion dollars from us.
Mccain and Gramm and deregulation
= trillion dollar buyout from us again
= his entire economic platform
= despair
throw this bum out …and don’t be stupid
who does not look at a candidate who was at the center of both deregulation slime and fiascos…surrounds himself with the people who tried to pull it over on the nation
and thinks he would be the good guy to take care of it.
Posted by: dl | September 18, 2008, 1:52 pm 1:52 pm
“Big Brother had nothing on the Obamas. They plan to herd American youth into government-funded reeducation camps where they’ll be brainwashed into thinking America is a racist, oppressive place in need of ’social change.’”
Investor’s Business Daily is referring to an organization known as Public Allies.
Has Investor’s Business Daily gone of the proverbial deep end?
Perhaps not. Just in case you’ve never heard of Public Allies, know that there are about 250 separate and unique references on Google comparing it to the Hitler Youth Corp.
No, that’s not a sick joke or exaggeration! In many cases, these comparisons are not made lightly, foolishly or flippantly.
Public Allies is an extremely radical leftist organization that seeks to bulldoze free America and replace it with a totalitarian socialist state.
Investor’s Business Daily goes on in the aforementioned editorial — aptly named “Michelle’s [Obama] Boot Camps For Radicals” — and states:
“But its real mission is to radicalize American youth and use them to bring about ’social change’ through threats, pressure, tension and confrontation — the tactics used by the father of community organizing, Saul ‘The Red’ Alinsky.”
But wait until you hear — as radio personality Paul Harvey would say — “The Rest of the Story.”
Barack Hussein Obama plans to use Public Allies, which he features on his campaign Web site, as the model for a national service corps.
He calls his Orwellian program, “Universal Voluntary Public Service.”
And why not?
After all Obama was a founding board member of Public Allies and his wife, Michelle, was executive director of the Chicago cell
Posted by: HP Boston | September 18, 2008, 1:58 pm 1:58 pm
My you Republicans(?) have gone over the deep edge.
I don’t think I have ever heard such rantings before. Talk about Conspiracies, This stuff is far out there that only a kook would write it.
Posted by: Thinking | September 18, 2008, 2:12 pm 2:12 pm
Reagan, Bush 1 and 2, were all “fiscal conservatives” and ran up massive debt. Clinton was a “tax and spend” liberal and we had a thriving economy and a surplus.
McCain is a “fiscal conservative” too.
If you look in history the economy always does better with a Dem in charge.
Don’t give the Republicans another 4 years to complete the destruction of this country!
Posted by: Michael | September 18, 2008, 2:16 pm 2:16 pm
“Big Brother had nothing on the Obamas. They plan to herd American youth into government-funded reeducation camps where they’ll be brainwashed into thinking America is a racist, oppressive place in need of ’social change.’”
A mind is a terrible thing to waste…on a Republican.
Posted by: Bill | September 18, 2008, 2:18 pm 2:18 pm
“We are the Marxists we’ve been waiting for”
If you want to express what Biden said, express it fully. He wants to raise the tax of those who makes $250,000 or more. You must fall into that bracket. Many Americans do not. Many Americans are experiencing hardship, with the economy failing, lost of job, the hurricanes, Katrina & Ike. Give us middle class people a break. And who can give it to us… the upper class. You can take your money with you when you die… Why not share to a point to help those in need? See what greed leads to… Lehman Brother!
Posted by: Tax 'em | September 18, 2008, 2:34 pm 2:34 pm
BIDEN IS THE ONE WHO GIVES LESS THAN ONE PERCENT OF HIS SIX FIGURE INCOME TO CHARITY
WHO IS OUT OF TOUCH ? BIDEN
AND OBAMA WAS NEVER IN TOUCH – JUST A PAWN FOR THE EXTREME RADICAL LEFT
LIES OF OBAMA;
LIE NUMBER ONE – BREAKING PLEDGE TO FINANCE CAMPAIGN ETHICALLY
LIE NUMBER TWO – TYING MCCAIN TO BUSH AFTER DEMOCRATS HAVE APPLAUDED MCCAIN FOR YEARS AS BEING DIFFERENT THAN BUSH
LIE NUMBER THREE – TAX CUTS FOR 95% OF AMERICA – OVER 30 PERCENT OF AMERICANS ARE NOT PAYING FEDERAL INCOME TAX, SO THIS IS A MATHEMATICAL IMPOSSIBILITY
LIE NUMBER FOUR – SARAH IS A FRAUD – THE FACT THAT SARAH HAS MADE SOME REFORMS IN ALASKA IS INDISPUTABLE
LIE NUMBER FIVE – I WILL BRING NON-PARTISANSHIP BACK TO WASHINGTON (BY PICKING THE MOST PARTISAN SENATOR AS YOUR RUNNING MATE AND BY TAKING ON YOUR OWN PARTY ZERO TIMES)
LIE NUMBER SIX – THE SEX ED IN KINDERGARTEN BILL WAS ALL ABOUT PREDATOR PROTECTION AND NOTHING ELSE – SIMPLY NOT TRUE – GO READ IT YOURSELF
LIE NUMBER SEVEN – I RESPECT THE DIGNITY OF HUMAN LIFE – RRRRIIIIIIIIIIIIGHT – YOU WANT TO MAKE SURE THAT BABIES BORN ALIVE DIE IF THEIR MOM WANTED IT THAT WAY – DISGUSTING
I COULD GO ON – BUT LIE NUMBER ONE (OR 7) WAS BY ITSELF ENOUGH TO TURN THIS INDEPENDENT REPUBLICAN
how can you tell when obama is lying ??
answer
his lips are moving
Posted by: tojoley | September 18, 2008, 2:36 pm 2:36 pm
My goodness. You McCain Robots really take rpide in ranting and making up stuff. You should write for the national enquirer. You would make a pretty good living.
Posted by: CMSgt Preston | September 18, 2008, 2:38 pm 2:38 pm
I am tired of Obama pointing his effete fingers at everyone, particulary as his comments don’t speak to the problem, and his solutions are his usual tripe…it will go away when I am elected because I am going to do this…and I am going to do that….I I I I I I……does this man have any concept of the fact that we have 3 branches of government, and the I I I I I doesn’t always work. … or is he so busy trying to make us all “citizens of the world” (barf), that he could care less about American democracy??? You gotta wonder…..
Posted by: justj joey | September 18, 2008, 2:41 pm 2:41 pm
Biden….oh isn’t that the guy who has been in Congress for years and years and years and always gives us his views AFTER the fact?
Posted by: justj joey | September 18, 2008, 2:43 pm 2:43 pm
STOP SARAH PALIN!!
Spread the word: http://www.cafepress.com/MarcsPlace.30059444
Posted by: Marc G | September 18, 2008, 2:49 pm 2:49 pm
“Posted by: CMSgt Preston | Sep 18, 2008 2:38:54 PM” I agree with you. I encourge alll to over the McCain suppoters comments and decide if most of the responses are the result of the the poor educational system we [which Obama wants to improve] or just the minds of the drug afflected.
Posted by: Gary | September 18, 2008, 2:51 pm 2:51 pm
Repubs getting desperate- why don’t you, and McCain, just discuss the issues? Oh yeah, because you have no platform and no real plans for reform. I guess all you have left is more and more desperate lies.
Posted by: katharine | September 18, 2008, 2:52 pm 2:52 pm
McCain hasn’t worked a day in his life. He hasn’t worked a real job the one where you have to go punch a time clock.
This guy is so far removed from what is real he needs to have other people tell him what is going on in the economy.
How does he honestly think that he can “fix” the problems when he doesn’t even know what they are?
McCain can talk all he wants, but when it comes down to it that really is all he can do.
Posted by: McCain thinks he's entitled | September 18, 2008, 2:55 pm 2:55 pm
I am older than mccain, but I still have enough of my faculties to remember how many houses I own. I also DO NOT think 5million is the break point for middle class.
I donot think we need someone who wants to ban books like TOY SAWYER AND HUCK FINN in a high office in this country!
Posted by: bob | September 18, 2008, 3:03 pm 3:03 pm
BOB (“older than mccain”), GET YOUR FACTS CHECKED (or has senility kicked in) – nobody banned any books – stop reading such hate speech – one thing is clearly true: obama did break his pledge on campaign finance – look it up
OBAMA IS THE BIGGEST LIAR IN THE HISTORY OF POLITICS AND BIDEN IS THE BIGGEST HYPOCRITE IN THE HISTORY OF POLITICS (WHOOOOOOPPIE !!! let’s increase taxes to anyone who can make six figures so they can pay 100 times more to the government that biden gives to charity – yeah, that will help the economy)
say NO to demoCRITES
MCCAIN / PALIN 2008
Posted by: tojoley | September 18, 2008, 3:51 pm 3:51 pm
Man, McCain trolls gone wild here.
1. Obama made his campaign pledge to do public financing under the assumption that John McCain was trustworthy to hold up his end. When John McCain broke campaign law during the primaries, he became untrustworthy, and Obama could not expect a fair dealing with him on campaign finance.
2. Obama is not the biggest liar in the history of politics. That would probably be someone like Hitler, or Franco, or Stalin. They had departments of propoganda the entire time they were around. Hitler’s lies killed 7 million people. Evidence recently would also support that McCain lies more frequently than Bush, and Bush was quite a liar. Bush lies more than Obama.
3. Both campaigns have bent the truth, only McCain has told out-right lies, and he has been called out by conservatives on it. See Karl Rove, Krauthammer, and Brooks, as well as every media outlet.
4. Obama worked on reform as soon as he got into Congress; bi-partisan ethics reform. He has reached across the aisle to Chuck Hagel, and at least for a little while, to John McCain.
5. McCain hasn’t made a single proposal on how to fix the economy. He has only spewed platitudes like “I will end greed,” “I will reform Washington.”
It seems to me that John McCain has had 26 years to enact reforms. All he put out there was a campaign finance reform act that failed, opening the door to 527 groups like “Swift Boat Veterans” and “Moveon.org.”
He has consistently favored deregulation, which is the center of this problem. We have had crises whenever such massive deregulation has occurred. Remember Enron and Worldcom?
If all you have is personal attacks, Republicans, you had better come up with some real policy proposals, because this year is not 2004, and you will not win with a “I’m more like you” campaign.
Posted by: Micah | September 18, 2008, 4:44 pm 4:44 pm
Sarah Palin is an empty skirt with an empty brain but she can see Russia from her house and she speaks in Pentacostal tongues. Too bad she cannot answer a question. Lets talk about lipstick and moose burgers and who is wearing a flag pin; after all the efundamentals of the economy are great or so said McSame.
Posted by: geniusjoe46 | September 18, 2008, 6:10 pm 6:10 pm
Both sides work for Wall Street and we just did a real big act of socialism by bailing these crooks out. Why is socialism ok here but not elsehwere? The United States of Wall Street is falling down. Falling currency = falling country. And McSame was a Keating 5 Senator and a Phil Gramm chearleader
Posted by: geniusjoe46 | September 18, 2008, 6:12 pm 6:12 pm
Since Palin is actually building the access road to the Bridge to Nowhere with our federal tax dollars, and there is no further use for it, let me suggest they drive down it in the Straight Talk Express when they dump Carly Fiorina and the lobbyist-speechwriter who called on Bush to fire the SEC Chair under the bus. That way fewer voters will notice.
Posted by: ricky | September 18, 2008, 6:31 pm 6:31 pm
Fact: Obama’s Campaign Finance Chair is Penny Pritzker, who headed the failed Superior Bank that collapsed in 2002. The bank had a major role in fueling the sub-prime crisis with deceptive,faulty lending, and hidden fees.
Google her and you find interesting information about her connection with Obama. The Huffington Post also had an article written by Earl Ofari Hutchinson on Feb. 29, 2008 pointing out a “…teary-eyed photo op moment during one of Obama’s Texas campaign swings…….lambasting the CEO of a sub-prime lender for greedily snatching at a $100 million buy out package….”
How about his own campaign finance chair?
Posted by: Donoke9_10 | September 18, 2008, 8:52 pm 8:52 pm
I agree with Biden!
Posted by: bea | September 18, 2008, 9:45 pm 9:45 pm
Earlier this week, Obama made an early attempt to attack Governor Sarah Palin on the earmark issue. He claimed that Palin is responsible for taking many earmarked funds for her state as she sat in the Governor’s office in Juneau and that her attack on him for earmarks is, therefore, illegitimate.
“I know the governor of Alaska has been, you know, saying she is change and that is great. She is a skillful politician. But when you been taking all these earmarks when it is convenient and then suddenly you are the champion anti-earmark person. That is not change, come on. I mean, words mean something. You can’t just make stuff up. You can’t just make stuff up. We have a choice to make and the choice is clear.”
But, this return fire on Palin’s ridiculing of Obama for his many earmarks is not very effective. While Obama is pointing fingers at Palin, news came out this week that Senator Obama had unsuccessfully tried several times to get multi-million dollar earmarks for one of his biggest Chicago contributors. So, his attack on Palin seems more like smokescreen than cruise missile.
Obama twice attempted to direct more than $3 million dollars in taxpayer funds to the Adler Planetarium Museum in Chicago. It just so happens that the Adler’s chairman is one of Barack’s biggest Chicago fundraisers.
The planetarium’s chairman, then and still, is Frank Clark, chief executive of ComEd, a unit of Chicago-based Exelon Energy. He has pledged to raise more than $200,000 for Mr. Obama’s run for the White House.
Even more cozy, this earmark would have benefited a Joe Biden supporter.
Moreover, the Adler Planetarium is represented by the lobbying firm National Group LLP, co-founded by William Oldaker, who helped launch Sen. Joseph R. Biden Jr.’s political action committee in 2005. Mr. Oldaker, a partner with the Delaware Democrat’s son in another Washington lobbying and law firm, is no longer involved with Mr. Biden’s PAC, Unite Our States.
On the other hand, it must be pointed out that taking earmarked funds that someone else arranged for is a little different than actually being the one creating the diversion of funds. Obama criticizes Palin for taking funds that Congress offered her, but Obama is responsible for being one doing the offering.
Palin’s record on reform is clear, of course. But, Obama’s record on over spending is also clear. His finger pointing is hollow rhetoric.
Posted by: Loves this country | September 19, 2008, 12:31 am 12:31 am
It is NOT raising taxes, its removing the Bush Tax Cuts for the Rich and restoring old policy. Greedy republicrites are ruining this Nation.
McCain-Keating Palin-Cheney “bad for the Economy bad for Polar Bears!!
Posted by: philosopherkingtomas | September 19, 2008, 2:09 pm 2:09 pm
It is NOT raising taxes, its removing the Bush Tax Cuts for the Rich and restoring old policy. Greedy republicrites are ruining this Nation.
McCain-Keating Palin-Cheney “bad for the Economy bad for Polar Bears!!
Posted by: philosopherkingtomas | September 19, 2008, 2:10 pm 2:10 pm