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. peakarack

    DOES OBAMA HAVE ANY EXPERIENCE TO BE THE NEXT PRESIDENT? NO AND NO. OBAMA IS MR. NO EXPERIENCE. NO DOMESTICE EXPERIENCE,ON ECONOMICE EXPERIENCE,NO EXECUTIVE EXPERIENCE AND NO FOREIGN EXPERIENC. PEOPLE,WE CAN NOT AFFORD TO HAVE THE NEXT PRESIDENT BE ON THE JOB TRAINNING PERIOD.
    ----------
    MCCAIN/PALIN 08!

    September 18, 2008 07:00 pm at 7:00 pm |
  2. peakarack

    CNN=ANTI MCCAIN/PALIN SUPPORTER.

    September 18, 2008 07:01 pm at 7:01 pm |
  3. Joyce in Florida

    And the beat goes on. McCain is a liar, waffler, and doesn't really know what to do. Repugs always blame the other party. We cannot have another 4 years of this garbage. This Hillary Clinton supporter will vote for Obama/Biden in November.

    September 18, 2008 07:02 pm at 7:02 pm |
  4. Freedom Lovin Patriot

    18 Million people VOTED for Obama to lead this country. Not based on his experience but based on his VISION.

    So for all you Palin supporters trying to compare experience–stop using the logic of a drunken teenager. So off you trot to your proctologist for a Palinectomy

    September 18, 2008 07:03 pm at 7:03 pm |
  5. The Independent

    For the life of me, I don't understand why none of my comments to the CNN polical ticker blog is ever posted by CNN? Is there a discrimination imposed by CNN against Independent in CA?????

    September 18, 2008 07:03 pm at 7:03 pm |
  6. Michael

    Ah yes, Barack Obama.

    Is this the same Harvard educated lawyer who couldn't buy his own house without enlisting the aid of a convicted felon, Tony Rezko (fraud and bribery)???

    Now, Senator Obama would have us believe that he can "fix" things while mocking John McCain whose own homes were, presumably, paid for the old fashioned way.

    I have voted exclusively Democratic forever. No more.

    Enough of their childish delusions already.

    M

    September 18, 2008 07:04 pm at 7:04 pm |
  7. darko

    McCain:
    "I don't like it."
    "I don't like it, but it had to be done."

    Barack:
    "I blame bush/repbulicans/mccain/daffyduck"
    "Who am I to second guess the Fed?"

    I'll be voting for the guy who can take a real stance on what HE believes rather than what he's told to believe.

    September 18, 2008 07:04 pm at 7:04 pm |
  8. landi

    I WATCHED THIS VIDEO ON YOUTUBE WHERE MCAIN DIRESPECTED THIS YOUNG LADY AND CALLED HER ALL KINDS OF DERROGATIVE NAMES. I AM BAFFLED AS TO WHY WOMEN SUPPORTS HIM.

    September 18, 2008 07:05 pm at 7:05 pm |
  9. Frank

    Why is McDonald not giving a press interview? did the media ask for one?
    Ask Palin too.
    We want to hear their dumb answers so democratics can run some ads.
    press always asks Obama but never McPain.

    September 18, 2008 07:06 pm at 7:06 pm |
  10. darko

    The govt didn't need to bail out the entirety of AIG for our sake. The insurance division that they keep talking about was on sound footing. Let the investment side sink with their ship but make sure the insurance division doesn't go down with it.

    Probably would have saved us a few billion.

    The Fed is growing suspiciously powerful for an entity that is hardly bound by the checks and balances of the other branches...

    September 18, 2008 07:07 pm at 7:07 pm |
  11. Anita from Arizona

    It was McCain who screamed DEREGULATION for two decades and and now within hours of the AIG bridge loan, we need to REGULATE Wall Street. FLIP FLOPPER!!!

    September 18, 2008 07:07 pm at 7:07 pm |
  12. darko

    Regulation does not equal oversite.

    Regulation in the free market is dangerous. Oversite is prudent.

    September 18, 2008 07:09 pm at 7:09 pm |
  13. Andy

    McCain is like a chicken with his head cut off right now. His campaign is flailing about, saying anything and everything it thinks might get a good headline, and lashing out recklessly.

    If this episode is any indicator, it shows how collected and focused Obama is during a crisis, and how frazzled and ineffective McCain is.

    September 18, 2008 07:10 pm at 7:10 pm |
  14. Jean

    Donald Trump endorses McCain!

    September 18, 2008 07:11 pm at 7:11 pm |
  15. damon

    Moneybags McCain still hasn't learned to think before he speaks. We need a president that's intelligent enough to know all the facts before he makes a decision. Why are these polls still that close? Are americans still this dumb or still that racist??

    September 18, 2008 07:11 pm at 7:11 pm |
  16. Eileen

    How much did Obama take from freddie and fannie in 2 year? And his finacial advisers voted for and agree with Phil Gramm in 1995. John Mc Cain did what his country asked and never asked what his country could do for him. Obama puts career and stardom before country. Where his "bundles" coming from?

    September 18, 2008 07:12 pm at 7:12 pm |
  17. Ron was a REP now a DEM

    I Like McCain’s solution fire FCC Chairman Cox. This liar has found his scape goat. Does Oliver North ring a bell?

    September 18, 2008 07:12 pm at 7:12 pm |
  18. Dan

    What is the value of executive experience which Palin drums up? George Bush had abundant executive experience as governor of Texas. Where did he take America? To hell on earth! This means executive experience is the problem and not the solution. In general, the greater the experience, the greater the tunnel vision arising from "the old wine is good" mentality.

    What then is the solution? It is judgment! Obama has that judgment in abundance! If America desires real change, then Obama is the answer!

    September 18, 2008 07:13 pm at 7:13 pm |
  19. KC

    Like I said we don't need any more shoot from the hip cowboys running this country. Thanks Obama for reason.

    September 18, 2008 07:13 pm at 7:13 pm |
  20. Rob

    it's impossible to keep up with McCain and his continuously CHANGing positions. Is there anything at all he's hasn't flipped on to get a vote. If anyone can get a grip on what he is saying please put it on the air somewhere.
    Whereas Mr. Obama saw these disasters forming some time ago and had authored plans to prevent them. He has the judgement and the smarts and don't forget temperment thats needed NOW!

    September 18, 2008 07:14 pm at 7:14 pm |
  21. Martha

    Why, Senator McCain, have you not reformed and shaken up Washington until your talk now? Sure, you were a real stand up guy on immigration – gotta hand it to you, but why are you now resorting to low blows and lies? Could it be you have nothing else to run on?

    Go Obama/Biden!

    September 18, 2008 07:14 pm at 7:14 pm |
  22. Carlos

    Obama is just a liberal who want's USA free of oil addiction, he wants to reform the corrupt Washignton DC and use the tax money of the 5% richest people in america to help the other 95% who are suffering, he is loved around the world and will fight hard to restore america's standing and leadership.... Don't let him get away with it !!!!!!

    September 18, 2008 07:15 pm at 7:15 pm |
  23. Tamarra

    McCain can learn a great deal from Obama. Think before you speak.

    September 18, 2008 07:16 pm at 7:16 pm |
  24. GARY

    YOU O.B. VOTERS ARE THE MOST NAIVE MORONS AND HATERS EVER SEEN IN A ELECTION RACE. AMERICA IS GETTING SO SICK OF THE HATE AND O.B.'S DIRTY CHICAGO TACTICS. O.B. AND HIS UNITY IS A CULT FULL OF HATE. REP. DONT HATE ON THEIR OWN CANIDATES AND VOTERS LIKE O.B. ON HRC ETC. THIS COUNTRY IS HEADED FOR THE WORST FALL YET IF O.B. GETS ELECTED SOMEHOW.

    September 18, 2008 07:16 pm at 7:16 pm |
  25. Paul

    Have you that John McCain looks more and more confussed?

    September 18, 2008 07:17 pm at 7:17 pm |
1 2 3 4 5 6 7