September 18th, 2008
04:30 PM ET
6 years ago

Obama strikes back over McCain AIG attacks

Barack Obama criticized John McCain Thursday, over his position on the AIG bailout.
Barack Obama criticized John McCain Thursday, over his position on the AIG bailout.

ESPANOLA, New Mexico (CNN) – The economy remained the focus Thursday as Barack Obama continued to criticize John McCain for not being consistent in his response to the staggering financial roller coaster this week.

Watch: 'McCain's stealing my lines,' Obama says

“On Tuesday, he said the government should stand aside and allow one of the nation’s largest insurers AIG, to collapse, I mean he said this in three different interviews despite the possibility that it would put millions of Americans at risk,” Obama told a crowd of thousands at a northern New Mexico rally. “But by Wednesday, he changed his mind. And today he accused me of not supporting what the Treasury and the Federal Reserve Bank did with AIG, despite no evidence whatsoever that that’s what I had said.”

Watch: Obama questions McCain's position on the AIG bailout

The McCain campaign seized on Obama’s comments Wednesday that not enough “details” were known about the “arrangement with AIG and the Federal Reserve” to criticize the Democratic nominee for not taking a solid position on the deal. Obama also said the deal “must not bail out the shareholders or management of AIG.”

Obama plans to meet with his “top” economic advisors tomorrow while he is in Miami to discuss further economic proposals. During his remarks here, Obama said he would work to pass what he called the “Homeowner and Financial Support Act” which would “establish a more stable and permanent solution” and help provide “liquidity” and “capital to the financial system.” This act would also help homeowners “restructure” mortgages to try and avoid foreclosure.

The Obama campaign will continue to keep the economy front and center on the trail, using the issue to paint McCain as out of touch and shifting positions for political expediency.

“He has consistently opposed the sorts of common sense regulations that might set out some rules of the road for these financial institutions have lessened the current crisis,” he said. “Except now, with the magnitude of the crisis apparent even to the Bush White House, John McCain wants to reverse himself, he wants to reverse course. Now, all of a sudden, he has become a populist now he’s unleashed an angry tirade against all the insiders and lobbyists who happened to have supported him for twenty-six years … John McCain can’t decide whether he’s Barry Goldwater or Dennis Kucinich.”


Filed under: Candidate Barack Obama • John McCain
soundoff (164 Responses)
  1. Americans are democrats now

    Obama, can me and you have dinner? I just love you!

    September 18, 2008 06:25 pm at 6:25 pm |
  2. PALIN POWER

    "Obama also said the deal “must not bail out the shareholders or management of AIG.”

    What a TOOL.... complete TOOL

    How can anyone vote for this guy... clueless... totally.

    THE CHIEF SHAREHOLDERS ARE THE MANAGEMENT... IT"S PART OF THEIR PACKAGE.... AAAARRRGGGGG.....

    And this is they guy going to save our economy!... LMAO

    September 18, 2008 06:25 pm at 6:25 pm |
  3. Ex-Republican for Obama

    Obama get's it....McCain doesn't.

    McCain supporters, save yourself some time trying to find out your boys policies: What ever Obama puts on the table as a solution today, will be McCain's position tomorrow.

    Obama/Biden '08 True vision, better judgement and a proven track record.

    September 18, 2008 06:26 pm at 6:26 pm |
  4. Another Republican for Obama

    McCain is losing his mind. And I don't mean that figuratively – he is old and decrepid and literally becoming confused in front of our very eyes.

    Yeah, HE'S the guy I want with the codes...NOT.

    September 18, 2008 06:27 pm at 6:27 pm |
  5. Susan

    It amazed me how Palin and McCain love to lie! Obama has announced outright his plan for the economy, you can read it in depth on his website, and McCain and his advisors say that we don't need to know what his plan is?? God, they think we are stupid. They are so transparent it is laughable, unless of cours,e it has something to do with Plains 15 lieas she has told to us. McCain and Palin are a step back in time. No how, no way will these two liars get my vote! OBAMA/BIDEN 08!!!

    September 18, 2008 06:27 pm at 6:27 pm |
  6. Lensa

    So McCain is the 2008 candidate of "I was for it before I was against it" but only in the reverse order? Where can I buy my McCain Flip Flops?

    September 18, 2008 06:28 pm at 6:28 pm |
  7. Rich

    So because Obama doesn't want to speak before he knows all the facts, that means he's wrong? Maybe if Bush and his cronies thought a little before acting from time to time we wouldn't be in this mess.

    McCain is pathetic. Wasn't it your ex-campaign adviser Graham who helped de-regulate the banking industry which contributed to the mess we are in? Are these the type of people you would put in charge?

    September 18, 2008 06:28 pm at 6:28 pm |
  8. Lisa

    Obama/Biden...the leaders with judgement and experience!

    September 18, 2008 06:29 pm at 6:29 pm |
  9. irony

    Obama is smart and mccain will say anything to get elected. Don't fall for it America. We can't afford four more years, Eight is Enough!!!

    September 18, 2008 06:29 pm at 6:29 pm |
  10. David Goldman for OBAMA

    GET REAL PRESIDENT OBAMA.

    MCSLEAZY NEEDS NO REASONS

    TO FLIP. HE JUST NEED FOR A

    LOBBYIST TO GIVE HIM A CALL.

    THEN HE CAN GET THAT 13TH HOUSE.

    September 18, 2008 06:30 pm at 6:30 pm |
  11. UCLAdy04

    Keep fighting Obama! Don't let McCain get away with re-INVENTING himself on this one. Still waiting for someone (anyone) to bring up the Keating 5...where the hell are the 527s?

    September 18, 2008 06:32 pm at 6:32 pm |
  12. Sarah

    Do you have time to attack other opponent instead of spelling out what your economy plans are???? You are a man of words ONLY.

    September 18, 2008 06:33 pm at 6:33 pm |
  13. Nation of Whinners-Ventura ca

    Go Barack!! Hit em HARD- Hit em OFTEN!! NOT THIS TIME gop!!!!!

    September 18, 2008 06:33 pm at 6:33 pm |
  14. Dr. Mimi De La Cruz for OBAMA

    LORD HELP US, EVEN WITH OBAMA'S EXTENSIVE

    EDUCATION & THE AGE OF VOD, WE CAN'T KEEP

    UP WITH MCGREEDY'S FLIP FLOPPING. THE GREEDY

    SENILE OLD IMBECILE FORGETS HIS POSITION.

    September 18, 2008 06:33 pm at 6:33 pm |
  15. WASP!-Woman Against Sarah Palin!

    THis man is beyond Intelligent, Obama is like a visionary. I don't know if America deserves him or not. I listened to Palins response and it sounded like something my 5 yr old grandchild would say but I can't really blame her she is clueless.

    September 18, 2008 06:34 pm at 6:34 pm |
  16. This is the second time....

    in 17 years I have chosen to invest in a retirement plan. This is the second time I have chosen one that either steals my money and leaves, or invests it poorly. Yes I am starting over again. I am 50 trying to make ends meet and my retirement investments are with AIG.

    Last time I got pennies on the dollar, this time I just don't know.

    Enough!!!!

    September 18, 2008 06:35 pm at 6:35 pm |
  17. jubei

    when McCain can answer the following questions with confidence I will listen to McCain.
    1. If his positions has not changed and he is still the same person he was before, Is he the same person who displayed "poor judgment" in his relationship with Keating, in which he was reprimanded by congress as having poor judgment.
    2. How is the investment by Cindy Mccain doing in Keatings shopping center? finally answer this one
    3. Do you still think support the MLK holiday was a good or bad idea, honestly, not just because it was a business decision.
    4. Since you and the republican party in a 55-45 vote enacted deregulation, and then after accepting then regretting the 2002 regulatory reporting enforcement of those banks, How do you think we can trust your judgment to curtail the mess you and the republicans created?
    5. How do you like the fruits of semi trickle-down economics thus far?

    6. do you still think that the christian right are full of "corrupt influences on religion and politics" and that many of the mega churches are agents of intolerance" which practice" division and slander"?

    -to those christian right followers who now embrace McCain, Hypocrisy is a bad thing guys..
    finally, You need to get on those liberal media guys that helped your image after the Keating 5 thing, to work alittle harder to show more democrats switching to republicans to influence them. otherwise the true need of democrats will overcome the sillyness of profile politics.

    September 18, 2008 06:35 pm at 6:35 pm |
  18. Lynn:60 yr old Obama supporter

    Thoughtful leadership is what has been missing from the Whiye house for the past eight years. Obviously McCain would continue to follow the knee jerk reactions of his Republican colleague as he is constantly has to shift his position as facts are known!!

    That is what got America into the invasion of Iraq where seven more brave Americans died yesterday.

    It's about judgement...and McCain doesn't have any.

    September 18, 2008 06:36 pm at 6:36 pm |
  19. mitchell

    barack is all over this thing. mcain is imploding. buh-bye! take the baby polar bear hunter with you!

    September 18, 2008 06:36 pm at 6:36 pm |
  20. Indie Voter

    McCain continues to respond with aggressive knee jerk remarks each and every time the wind changes direction. I would contend Obama could not say anything for the next month and a half and the Grand Ole Puppets could talk Americans out of voting for them on their own.

    September 18, 2008 06:36 pm at 6:36 pm |
  21. Alvin

    This is what some of us have been waithing for. Now Obama is calling out the lies and McCain`s lack of ideas and actually hitting back hard.

    If Obama continues this way, it will be a landslide.

    Obiden 08

    September 18, 2008 06:38 pm at 6:38 pm |
  22. David Goldman for OBAMA

    THE OLD IGNORANT FOOL HAS NO IDEA WHAT HE IS

    SAYING UNTIL HIS HANDLERS TELL HIM. HE JUST

    REMEMBERS HE NEEDS THAT OTHER 13TH HOUSE.

    WE DESPERATELY NEED TO STOP EVEN LISTENING.

    IT A TRIP TO THE SLEAZY LAND OF THE STUPID & GREEDY.

    September 18, 2008 06:38 pm at 6:38 pm |
  23. Hope LV,NV

    I can't believe Obama wanted all the details before he commented on such a serious issue. What nerve? How dare he think! Where does he think he is?

    September 18, 2008 06:39 pm at 6:39 pm |
  24. Joe Regis

    Things are not supposed to be allowed through a downward spiral. At this point a stimulus package is necessary to stabilise the economy until Obama/Biden take the reign of power in Washington and fix the economy and create the condition for growth and job creation for all Americans.

    The Clinton prosperity and security will be here again.

    Obama/Biden 08/12.

    September 18, 2008 06:39 pm at 6:39 pm |
  25. stephanie

    Obama should emphasize that the administration and now mccain are in favor of corporate welfare, but not a dollar towards our healthcare.

    September 18, 2008 06:39 pm at 6:39 pm |
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