September 18th, 2008
04:30 PM ET
10 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. Charlotte

    Obama scares me more everyday, I do not think he can handle the huge task that is awaiting the next President. He had to take two vacations during the primary season? The problems of a campaign are nothing compared to securing the future of this country both domestically and abroad. Roe v Wade has been around for years, through how many Republican Presidents? So drop that ploy, it won't work. With a tie going on, looks as if we will have at least one more term of a Republican President. Thank God, it will be McCain rather then Romney.

    September 18, 2008 08:34 pm at 8:34 pm |
  2. The Independent

    Let me fix AIG's problems! I am an expert in Wall Street affairs. Trust me, please folks. I can see Wall Street and the AIG corporate building in New York from my apartment there. So, I am certainly a qualified expert. Trust me with your 401K and your retirement and your livelihood!

    September 18, 2008 08:40 pm at 8:40 pm |
  3. Matt

    "Palin kept speaking throughout the disruption, but her remarks were nearly unintelligible to much of the audience inside the airplane hangar where the rally was held."

    You forgot to mention that her commentary continued to be unintelligible once everyone quieted down.

    September 18, 2008 08:41 pm at 8:41 pm |
  4. linda


    September 18, 2008 08:42 pm at 8:42 pm |
  5. anyonmous

    no matter how much you use the obama book you will never win

    September 18, 2008 08:43 pm at 8:43 pm |
  6. Larry


    September 18, 2008 08:44 pm at 8:44 pm |

    Notice John McCain is looking more and more confused.

    September 18, 2008 08:45 pm at 8:45 pm |
  8. eye opener-open your eyes America-PA

    I love it when a man take his time to seek counsel, think and process the all the facts; which gives him all possibilities of new ideas and a resolution. That shows Leadership and Good Judgement.
    What about you John McCain/Same and Insane.

    September 18, 2008 08:45 pm at 8:45 pm |
  9. Harmony

    To everyone who keeps saying the DES have been in control for the last two years PUMP YOUR BRAKES! Bush has used his veto so many times that I thought it was his middle name. Plus these bad home loans started BEFORE the DEMS gained control.

    September 18, 2008 08:46 pm at 8:46 pm |
  10. Lee

    My suggestion for McCain slogan:

    "Plans, we don't got no plans, we don't need no plans...I don't have to show you no stinkin' plans"

    It's not as catchy as "Country First", but at least it's the truth!!

    September 18, 2008 08:47 pm at 8:47 pm |
  11. Mario fl

    Obama understand what McCain Palin say about 'Country Club First'

    September 18, 2008 08:47 pm at 8:47 pm |
  12. Hopeful

    McCain wants to fire him. That's all we need is the SEC guy standing in the unemployment line behind the ex Alaskan govenor CHEF.

    September 18, 2008 08:50 pm at 8:50 pm |
  13. Jaylynn

    Hey John! I can see a gas station from my kitchen window, can I be your Engery Advisor?

    September 18, 2008 08:50 pm at 8:50 pm |
  14. Tom in Delaware

    Hey Barack...the good Governor from Kansas has summed up your fate nicely.

    It doesn't matter what you and the rest of the 'Bots have to say, because the majority of the people in this country are NEVER going to vote for you in a million years.

    Say goodnight're just another raisin in the sun.

    September 18, 2008 08:51 pm at 8:51 pm |
  15. I Just Said Thanks, but No Thanks to Another 4 Years of g.o.p. corruption, arrogance and incompetence

    Palin Power: Name one area of the economy where McCain/Palin would be different than Bush/Cheney?

    Anybody? Seriously, I don't know of one McCain economic policy that is different from George Bush.

    How's that 401K doing America?

    September 18, 2008 08:52 pm at 8:52 pm |
  16. No to Dictator wannabe Obama

    Please Obama will you just leave already? I am sure you can get the Cubans to elect you!

    Good Riddance to bad rubbish November 5th.

    Palin 2012

    September 18, 2008 08:53 pm at 8:53 pm |
  17. susie

    Hillary sold out to Obama. If she ever ran again, I would not vote for her. She has lost all the respect I had for her.

    September 18, 2008 08:54 pm at 8:54 pm |
  18. The wise one

    Let's see, the lobbyist of Freddie Mac and Fannie May gave Obama 502K and McCain and 150K. Do the number kids. Do I have to connect the dots for you. Your emperor has no clothes and he is counting on your ignorance. Liberals are smarter than conservatives but republicans are smater than democrats. But gosh ladies, isn't he cute? Yes, for this reason alone vote for him. The ignorance of the American voter, God help us all. So hold your nose and vote, but watch out for the kid with the toothy smile, he is so full of his own BS.

    September 18, 2008 08:56 pm at 8:56 pm |
  19. Carolyn

    Palin = does this lady have one original idea in her head? I guess NOT!

    September 18, 2008 08:57 pm at 8:57 pm |
  20. Ted:Canada


    Free and democratic countries have more than one political party to choose from and if a party, after receiving the endorcement of the majority of average people does not perform, they need to be held accountable for their actions or lack of actions. They need to be delivered a strong message – for NEXT TIME.

    If you fail to do that and “keep electing the same government over an over again regardless of how they perform, YOU ARE MOVING AWAY FROM DEMOCRACY” – this what our kids fought/fight for..

    Which American made the above statement in quotes?
    clue! – it was a Republican

    It is not about – gender – age – race – young – old – IT IS ABOUT PERSERVING DEMOCACY!!

    Both parties need to be held to the same standard. If you do not have this balance – YOU ARE RUSSIA!!!

    September 18, 2008 08:58 pm at 8:58 pm |
  21. anyonmous

    Comments are moderated by CNN, in accordance with the CNN Comment Policy, and may not appear on this blog until they have been reviewed and deemed appropriate for posting. Also, due to the volume of comments we receive, not all comments will be posted.

    September 18, 2008 08:58 pm at 8:58 pm |
  22. ZANE

    It looks as if Ohio, Florida, Virginia and probably Missouri will decide this election. It will be interesting to see if the people suffering in those states stick with what got them there or will they step out in a new direction.

    September 18, 2008 08:59 pm at 8:59 pm |
  23. gene

    Palin Power...

    If the Chief Shareholders are the decision makers for the company, and they ran the company into the ground.. then they don't deserve to be included into the bailout. They should take the loss as a consequence of doing a bad job running the company.

    September 18, 2008 09:04 pm at 9:04 pm |
  24. Billy, Alabama

    No "uppity" elitist Senator is getting elected in November-not in this country anyway–

    September 18, 2008 09:05 pm at 9:05 pm |
  25. Juan, Harlem

    Hispanics will never vote for a black-believe it-

    September 18, 2008 09:06 pm at 9:06 pm |
1 2 3 4 5 6 7