April 10th, 2008
04:06 PM ET
10 years ago

Obama levels new attacks on McCain

 Obama criticized McCain's new mortgage relief plan Thursday.

Obama criticized McCain's new mortgage relief plan Thursday.

GARY, Indiana (CNN) - Barack Obama had strong words for Republican John McCain's economic speech Thursday, saying the Arizona senator's plan to assist homeowners doesn't include "any real answers" to the housing crisis.

Speaking to an audience in Gary, Indiana, Obama said, "I'm glad he finally offered a plan. Better late than never."

"Don't expect it to actually help struggling families," he continued. "Because Senator McCain's solution to the housing crisis seems like a lot like George Bush's solution to the housing crisis, which is to sit by and hope it passes by while families are facing foreclosure and watching their home values decline."

McCain spokesman Tucker Bounds was quick to respond.

"Unlike Senator Obama, John McCain doesn't believe that writing checks with other people's money is the solution to every problem," Bounds said. "He has produced thoughtful, near-term solutions that provide a bridge to a stronger economy that replaces workers' fears of losing a job with a pathway to opportunity and prosperity for their families."

Later while taking questions from the audience, Obama was asked if he would withdraw any remaining U.S. troops from countries other than Iraq in order to spend the money in better ways.

Obama used this question to further attack McCain, this time for saying he would be willing to keep a U.S. presence in Iraq for a 100 years as long as forces weren't being killed. Obama has said he would not put any permanent bases in Iraq.

Obama said of McCain mockingly, "When I criticized him he said, 'Wait, wait, wait. That's not fair. Don't criticize me. I didn't say I wanted war for 100 years. I said if US troops weren't being injured or killed we could have them there for 100 years, just like in Korea.'"

"Understand, that would cost us a trillion dollars or more," Obama continued. "That means investments that we are not making here in the United States. And so he doesn't even take into account the costs that are involved as well as the message that is sent around the Middle East if we have permanent bases there."

Earlier in his speech, Obama touched on President Bush's comments that he plans to halt current troop pullouts.

"This war should be coming to an end. But President Bush announced today that he was going to put a pause on the withdrawal."

"It's estimated that we will have at least 140,000 troops there until the end of the year. In other words, there is no end in sight under the Bush policy. If that isn't enough for you to want change, I don't know what is."

Filed under: Candidate Barack Obama • John McCain
soundoff (295 Responses)
  1. Robin Kelly

    Why did it suddenly become MY problem (as a taxpayer) to bail out idiot's who took out loans they could not afford? I have paid my mortgage through divorce, job-loss, kids in college, and natural disasters. How about you reward ME instead? Nope, just raise my taxes and cry over "those poor souls who lost their homes." How about Obama put a few of them up at HIS place?!

    April 10, 2008 05:58 pm at 5:58 pm |
  2. Sue F

    I just love Hillar lovers, the woman lies, fabricates, spins and between her husband, Penn and Wolfson who all are big lobbyist for Columbia thinks she can simply make that big $800,000.00 deposit into her and her husbands joint bank account not count, cause she's against CAFTA, but you still think she's going to be a GREAT Prez????
    Seems to me that's how we ended up with Jr., whom I never voted for.
    She says it so there, she's the ONLY ONE that can get us out of Iraq?
    What about her vote for the WAR, she refuses to say it's a mistake, or take responsiblity for it. When will people learn to READ about a candidate, instead of listening to 30 second soundbites and forming their opinions???? We don't need another Bush, Clinton, Bush, Clinton, it's time for a complete change. Which means riding ourselves of the GOP insane War mongers and focus on the good old U.S.A. for a change before we all end up looking like IRAQ.

    April 10, 2008 05:59 pm at 5:59 pm |
  3. Grif

    You may have conned your way in, but the trap is sprung. You'll never get out of the Gate come November. Then you'll never get the chance, to run again for the same Stable.

    You will even lose you're senator position next year.
    You're too Walter Mitty!!!

    April 10, 2008 05:59 pm at 5:59 pm |
  4. Paris

    Obama you are so wrong we need a new word for wrong.

    McCain is the only man for the job.

    April 10, 2008 05:59 pm at 5:59 pm |
  5. Chris in Va.

    To Hillary supporters: your negative input like your canidate is irrelevant. You can sit in a corner and pout because you lost, or you can begin your deprogramming and re-join the real world.

    April 10, 2008 05:59 pm at 5:59 pm |
  6. Stacy Clarks,


    just how is that going to help your job, home, the economy?!?!?!


    DEMOCRATS 08!!!!!!!!!!!!!!!!!!!!!!!

    April 10, 2008 06:00 pm at 6:00 pm |
  7. American

    The Fed saved Bear Stearns to prevent other companies from falling under after BS's decline. Those with just a bit of economic sense should know that this was not preferential treatment given exclusively to a corporation, but an attempt to save the economy, and along with it the millions of jobs that would have otherwise disappeared had other corporations subsided. Stop taking for granted everything Obama says, and start dissecting the issues by yourselves.

    April 10, 2008 06:00 pm at 6:00 pm |
  8. TheHickorySwitch


    Its quite possible that your brother caused his own issue by not paying attention to his home loan payments/interest rate.

    Its not the governemnt's job to bail out fools who dont know how to balance their own expenses....

    Oooops... your brother's mortage got jacked up $300, maybe he should have seen that the loan rate wasnt set..... welcome to the free market.

    April 10, 2008 06:00 pm at 6:00 pm |
  9. Kentucky

    Obama does not want to talk about personal responsibility does he, its always the governments job to fix the problem because people have no responsibility for their actions.

    Surely America will not vote for this guy. His minister and the hatred he preaches is sad. I still cannot imagine allowing my daughters listen to such hatred. Wake up America.

    April 10, 2008 06:00 pm at 6:00 pm |
  10. too cocky

    Obama is too cocky and arrogant- reminds me of Bush.

    We need an honest and humble leader.

    Obama was so arrogant and presumptuous to claim that he could win back Hillary democrats, but she could not win back his supporters.

    Only fools believed it. The truth is exactly the opposite. Hillary Democrats have nothing to lose by a McCain win. Obama supporters do- and Obama supporters will realize that on issues, Hillary is similar to Obama. So hate her if you will and cut off your nose just to spite your face.

    April 10, 2008 06:00 pm at 6:00 pm |
  11. Will

    Before Hillary, Obama was:

    Against the Iraq War
    Had an economic plan blue print (she still doesn't have a detailed one)
    For Civil Unions with all marriage rights
    Against NAFTA and absuive unregulated trade agreements
    Had a time-line for withdraw for getting troops out of Iraq

    Whose copying off who now?

    April 10, 2008 06:00 pm at 6:00 pm |
  12. Ilona Proud Canadian

    "To Obama the great deceiver": this is for you!

    Please for the love of your country think!

    Sen. Obama will start by stopping the flow of your US$ into Iraq.
    Do you not realize how your economy is in the mess it is in now??
    It is because for every day... every week.... every month....every year.... for the next 100 years you are financing the war in Iraq and Iraq is pocketing the billions of dollars from the sale of their oil!!!!!

    Gosh, please think before you make a comment!!!!!!!

    April 10, 2008 06:00 pm at 6:00 pm |
  13. gordon

    I guess I don't understand why the government should step in and aid in the "Bail Out".

    Everyone involved in this mess made money while the times were good. Everyone includes the homeowner. Its "all good" when values increase. However, like the stock market, "the run" could not continue. In my opinion the end of the real estate boom was very obvious and it came on as fast as the end of the Dot-Com era.

    Interest only loans, questionable borrowers and equally questionable mortgage lenders all caused this mess and I can't stand the fact that I will have to help bail them out.
    Home values will ebb and flow over time. Been like that forever.

    "Hold on to those things" it will come back. Hold up to your end of the bargain and don't "cut and run" at the first sign of distress and the market "WILL" correct itself.

    April 10, 2008 06:00 pm at 6:00 pm |
  14. Everett from Philadelphia

    People have the nerve to say Obama is using Hillary's plan, that show's how much people are really paying any attention to this election Hillary has been following Obama's lead since this race started especially about change until she was advised by her people to come up with her own slogan, come on people ned to educate themselves to the real facts, stop believing the media and hear say.

    April 10, 2008 06:01 pm at 6:01 pm |
  15. CF

    Looks like McCain's free-ride ends here.

    April 10, 2008 06:02 pm at 6:02 pm |
  16. Linda

    "Unlike Senator Obama, John McCain doesn't believe that writing checks with other people's money is the solution to every problem,"

    Um, what do you call the war in Iraq?

    April 10, 2008 06:02 pm at 6:02 pm |
  17. EBC

    Sen. Obama is exactly right.

    Just because you come out claiming this or that doesn't make YOU the best candidate. It's all about judgement and integrity, it's not always acting before thinking, it's about sitting back and watching all the movers and shakers make fools of themselves fumbling over each other.

    Sen. Obama's has always been very quiet, calm, cool and collected. THESE are the characteristics of the GREAT president. ONE who isn't quick to jump the gun or NOT read serious intelligence report, etc.

    We need a new way of doing business and I believe Obama has the persona and the intelligence to handle the Oval Office and unite people that NEVER thought they would be brought to the table.

    We ad democrats must start looking to the future and start thinking out of the box, because we can't keep living and looking to the past. We've been there done that already, it's time for change and many people are afraid of change, but times are changing whether you like it or not.

    April 10, 2008 06:04 pm at 6:04 pm |
  18. Ilona Proud Canadian

    Nina: Is this all that you can come up with? Stop with the worn out Rev. Wright issue, for the sake of your country, put it to sleep!

    April 10, 2008 06:04 pm at 6:04 pm |
  19. Gabe Polson, The Woodlands,TX

    What???????? Obama is attacking someone and the media is reporting it? WHAT?????

    OMG. Is it the end of the world and someone did not tell me? Attacking does not sound like the politics of hope.


    April 10, 2008 06:04 pm at 6:04 pm |
  20. Joanne

    Nancy, don't kid yourself. This process isn't over yet, so why rush it?
    What's your hurry? Obama has lied just as much, if not more, but it seems to be ok with the voters. He has NO experience to lead this country, just a bunch of speeches so you can all swoon over him.

    April 10, 2008 06:05 pm at 6:05 pm |
  21. ANNA


    April 10, 2008 06:06 pm at 6:06 pm |
  22. Ovie

    Thanks Barack for being a breath of fresh air. I listened to your speech as well as Q&A session and I totally agreed with you as you talked about education, parental responsibility as well as teacher responsibility. Obama, please continue to preach these values, they are mine too.

    April 10, 2008 06:06 pm at 6:06 pm |
  23. gerard morei

    And again he didn't answered that question .

    April 10, 2008 06:06 pm at 6:06 pm |
  24. kelly WI

    Dems are such depressing, down in the mouth, the sky is falling, we're doomed bunch I've ever seen.
    Oh goody, elect Obama and get a free house. then a new car. Pay off the credit cards. How about we all go buy a yacht we can't afford? Maybe he'll pick up that tab too. Then he can raise all our taxes and give us food stamps.
    Yep, more liberal left Marxists is just what we need.
    Any president will bring the troops home when the time is right no matter what their campaign spin is right now. 9 more months until new pres. Anything can happen before then.
    We better have corporations if any of you should happen to want to have a job.
    "The taxpayer: Thats some one who works for the Gov't but doesn't have to take the Civil Service Exam".
    McCain 08

    April 10, 2008 06:06 pm at 6:06 pm |
  25. Adam - TX

    Obama is only as strong as his advisors. He's a bigger political puppet than George W. Have you ever seen him articulate a rational thought on his own on the spot? I'm still waiting...

    April 10, 2008 06:06 pm at 6:06 pm |
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