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

Obama strikes back over McCain AIG attacks

[cnn-photo-caption image= caption="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. RapidRay

    Obama reminds me of JFK when the Cuban Crisis hit. Kennedy did not blindly react, but showed thought and acted with reason and conviction.

    I don't consider that a sign of weakness, but sound reasoning.

    Better than the READY-SHOOT-AIM mentality of the current administration.

    September 18, 2008 09:06 pm at 9:06 pm |
  2. Say NO to Open Borders Say NO to Obama

    Our forefathers are rolling over in their graves to see this socialist scumbucket trying to demolish everything that America stands for.

    If Obama is elected he will destroy everything that the flag of our country stands for. He is trying in vain to get the people who could care less about the politics of this country to overwhelm the votes.

    This is a disaster for this country if this communist is elected.

    McCain/Palin 08

    September 18, 2008 09:08 pm at 9:08 pm |
  3. will

    Obama is the man and he will win.

    McCain = no change

    Obama/Biden 2008

    September 18, 2008 09:13 pm at 9:13 pm |
  4. oscar

    Palin and all those sopeanoed should clear the issue at stake in alaska and clear their consciences. If Palin refused to co-operate, she should resign or the country should force her to do so because she nobody can be above the law nor can anybody put him/herself in this type of controversy and be running for the highest seat of the land.

    September 18, 2008 09:17 pm at 9:17 pm |
  5. aware

    Obama is an "arrogant dilettante" and a "dos caras" — "two faces

    His tax plan and energy plan alone, and remember energy is tied to national security, would accelerate big time the problems we already have! He may be equivocating again though?

    And most importantly, Obama has not demonstrated the experience, humility, servant leadership, relational skills, judgment, courage, stability, moral center or core values and integrity to be president of the United States of America!

    McCain/Palin 08! 🙂

    September 18, 2008 09:25 pm at 9:25 pm |
  6. Diane

    Have you noticed lately how tired and pale Senator McCain is looking these days. I think that he is tired and saying things that either he hasn't thought through or he is just reading what people in his campaign are giving him to read. What ever the case is, he looks tired and his age is showing and I'm sorry but we need someone who is able to take that 3:00 am call when it comes in. To much flip flopping from the Republican party and actually it's kind of funny to listen to the conservatives try to cover the mistakes and explain what he (McCain) 'meant' to say.

    September 18, 2008 09:29 pm at 9:29 pm |
  7. Ellie

    Where is the REPUBLICAN'S COMMANDER-IN-CHIEF? Hiding in the White House, George W. Bush came out and gave another one of his ignorant speech and then ran for cover! We haven't heard from him since.

    The Republicans just continue to SHOOT themselves in the foot. It also appears the "honeymoon is over" when I hear Gov. Palin refer to the ticket as the Palin-McCain ticket. Whoa....."Beauty Pageant Pitt Bull" appears to have plans for POWER. Hummmm., she may even plan to get McCain OUT OF THE WAY so that leaves an OPEN SPOT for you guessed it. MISS BEAUTY PAGEANT HERSELF!!

    I BET YOU $10 million dollars that if John McCain wins, Sarah Palin will find a WAY to oust "the OLD geezer" before you can even say "reformer", so she can TAKE OVER his job. Just like she did with TROOPERGATE!!!

    September 18, 2008 09:32 pm at 9:32 pm |
  8. Independant Thinker

    Let's see, in just 3 short years Nobama has become the #2 recipient of money from the now FAILED Freddie Mack and Fannie Mae. Nobama's top finacial advisors are from FAILED finacial institutions and they received MILLIONS from these FAILED institutions.

    Nobama was in their pocket and now they are in his.

    There needs to be a CRIMINAL investigation into these people.

    September 18, 2008 09:33 pm at 9:33 pm |
  9. oscar

    Why on earth is Mccain talking of change now-a slogan he has never used since the begining of this political dispensation. He is now stealing or copying from Obama who has from day one indicated that what this country needed is change.this is an indication that just like the war on iraq Obama has always had the right judgement and vision. Obama is the biblical david of our time.

    September 18, 2008 09:33 pm at 9:33 pm |
  10. hitobito

    Palin Power: You appear to be as clueless as Sarah Palin. AIG is a publicly held company with a market cap of $7.23 Billion with 2.69 billion shares. Read their notice to shareholder and you will see you are wrong. You need to learn (like Sarah Palin) something about reading a corporate balance sheet and reporting. Most Republicans I know are a lot smarter than you and probably a lot richer!

    September 18, 2008 09:36 pm at 9:36 pm |
  11. ohio girl


    September 18, 2008 09:38 pm at 9:38 pm |
  12. I'm all for change, not McSame

    Voting for McCain would be a mistake. His selection of Palin was merely a strategy. It had nothing to do with country first. It was "campaign first". He is so full of crap. I'm so glad that Obama is stepping it up and calling McCain on all of his lies and flip flopping. Obama didn't want to waste time perpetuating the distractions that the McLame campaign was throwing out there, but he realized that if he wants to win, he has to. He has to expose them for who they really are: phonies, liars, self-interest jerks, money-hungry jokers and moose/karabou haters.

    Anyone who votes for McCain is selfish. All he cares about is his own interests and his oil tycoons interests, and not the other people out here who are struggling to keep their homes, eat and buy gas. McCain admitted to voting for Bush 90% of the time. That means that if he (McCain) was president these past eight years, he would have made 90% of the same decisions Bush made. We will be in the same boat 4 years from now, that we are in today if we vote him in! Hello people?! Earth to America?!!!

    So this Palin lady has all of this experience, huh? I don't think that is important. What she has accomplished during these experiences is what's important. Putting Alaska in debt does not constitute the kind of experience we need right now. And I mean, come on, I play video games online with a guy in Japan, and I have more foreign policy experience than Mrs. Bridge to Nowhere. If being able to see Russia from Alaska is good enough foreign policy experience for the VP slot, we are in deeeep moose dung. The republicans really think the American people are stupid. Oh yeah, and our economy is fundamentally sound? More like fundamentally screwed. Vote McSame!!!!!!!!!! I mean, McCain.

    September 18, 2008 10:15 pm at 10:15 pm |
  13. William

    How could anyone in their right mind elect someone to run this country who has NO political experience whatsoever. Might as well hire Al-Quieda to pilot our airlines.

    September 18, 2008 10:21 pm at 10:21 pm |
  14. Rhonda P

    I am afraid to think that the next potential president of the USA thinks foreign policy experience is being able to see Russia from her house. Just to add, I love people thinking that keeping the same old party with all the "experience" in the world got us where we are today. Where did experience get us? Thank God Obama does not have the "experience" as the rest of Washington. At this point what do America has to loose trusting him? Many people have lost everything already. Throw the "exerienced and know everything" out of the White House! Let change come to it! OBAMA/Biden

    September 19, 2008 10:42 am at 10:42 am |
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