October 06, 2008

Patterico: The McCain Campaign Starting to Connect the Dots Between the Democrats and the Mortgage Crisis.

Patrick's got the money quote from Senator McCain:

This corruption was encouraged by Democrats in Congress, and abetted by Senator Obama.

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, a good idea. Well, Senator Obama, that good idea has now plunged this country into the worst financial crisis since the Great Depression.

To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. He has received more money from Fannie Mae and Freddie Mac than any other senator in history, with the exception of the chairman of the committee overseeing them.

Mr. Patterico's got homework for Johnny, though:

Here’s what’s required for the follow-through:

It has to be mentioned in the debate. Three times. Preferably with a memorable zinger.

DO NOT misstate even the TINIEST fact in making this argument. If you do, the media will fixate on that and forget everything else. [People still read the media? --ed.]

Don’t let it drop. We need endless TV commercials with clips of Democrats saying there is no crisis. Find the footage of McCain’s speech (if it exists) and run that too.

This is a good start — but it’s just a start.

Ed Morrissey agrees, as does Jim Geraghty, who points out that this isn't just about the election; we have to know how we got here in order to avoid getting here again.

Moe's got more at Red State, along with extensive quotes from today's speech:

Looks like we're going to have one whale of a debate tomorrow, assuming of course that we can get past the junior Senator from Illinois whining for twenty minutes about how mean we're being to him. And racist! Mustn't forget the racism; God knows that his supporters never do. So let's rock and roll. It'll be a thing.

Moe Lane

PS: Oh, Sarah?

Lock and load.

I believe she's doing just that, Moe.

Posted by Attila Girl at October 6, 2008 01:03 PM | TrackBack

Let's hope McCain takes Obama to the woodshed every day! (Oh, is that racist?)

Posted by: BK at October 6, 2008 02:14 PM

"Let's hope McCain takes Obama to the woodshed every day! (Oh, is that racist?)"

No, it's not racist. It might be "woodist" or "sheddist" though. ;)

Posted by: MarkJ at October 6, 2008 02:22 PM

Do your guys' brains just erase themselves overnight? You seem to start the day out with no concept of history or the past. Republicans have had far more control and input over the direction of the federal government in the past 8-14 years than the Democrats, is that even disputable? And here you are blaming all of the country's problems on what's been the minority party for the bulk of that time. How does that make sense? Republicans had both houses and and the Presidency for 4 years, the Blue Dogs helped them retain a functional majority since the 2006 midterms, Pelosi and Reid have been totally ineffectual and weak in mounting any opposition to the President's agenda, and it's all their fault, huh?

So all John McCain has to do is say, 'If we had done what I had wanted to do, this whole disaster would have been averted.' And that's good enough? What a joke! I've never seen such enthusiastic support for a party or an ideology dissipate so quickly and reform as pathetic and desperate responsibility-dodging.

Also, Patterico is functionally retarded.

Posted by: Levi at October 6, 2008 04:47 PM

"Do your guys' brains just erase themselves overnight? You seem to start the day out with no concept of history or the past. Republicans have had far more control and input over the direction of the federal government in the past 8-14 years than the Democrats,"

go back and try to show your work. Please take into account the NARROW majorities, and the Republicrats that just keep reaching across that aisle lefy's like you just can't seem to find.

Again show your work. Break it down. Until then you don't have a point.

Posted by: Noelie at October 6, 2008 05:01 PM

The narrowness of the majority doesn't matter if the same party controls both houses and the Presidency, which Republicans enjoyed for four years.

Do you know anything about how our government works?

Posted by: Levi at October 6, 2008 05:25 PM

By heaven, Attila! A certifiable A-grade Troll from Patterico's has managed to pop up under your bridge!

Posted by: Gregory at October 6, 2008 06:20 PM

Levi cleverly notes, "...Republicans have had far more control and input over the direction of the federal government in the past 8-14 years than the Democrats,"

Of course our friend, Levi, misses (by a mile!!) the Democrat contribution to the mortgage meltdown which has resulted in this economic fiasco. Can you say "COMMUNITY REINVESTMENT ACT OF 1977?? You won't be surprised, Levi, to learn that Dems - in another pathetic attempt to woo the votes of the "downtrodden" - proposed the legislation and it was signed by another Democrat, Jimmy "Peanut" Carter. Which Democrat President, (Hint: the one who had trouble keeping his pants on) authorized the FURTHER lowering of lending standards to unqualified borrowers?? Now the tough questions: Can you spell A-C-O-R-N?? Can you tell the rest of the class which Democrat nominee is endorsed by the Communist Party USA?

Now go back to the Demtard "talking points" class and see if you can take more relevant notes.

NObama '08

Posted by: mighty aphrodite at October 6, 2008 06:49 PM

That CRA bit doesn't even make sense. In the first place, that law is not applicable to the mortgage industry which is responsible for this mess, and secondly, why didn't the Republicans do anything to stop it? Why wasn't the CRA a hot topic under the Reagan administration, or either of the Bush administrations? Why have I never heard a single conservative anywhere describe the CRA as some fundamentally profound problem until a few weeks ago, when a convenient scapegoat was needed for desperate political campaign?

The more immediate causes of this disaster are Bush's tax cuts for the wealthy, the deregulation and abandonment of oversight by Congress started in the 1990's, the record-setting deficits created by the 'fiscal conservatives,' not to mention the insane monetary and opportunity costs of the war in Iraq and the obvious reluctance of an Oil Man as President to start moving away from oil as the cornerstone of our economy. None of that stuff occurs to you people as being problematic? You're going to blame this whole mess on a 30 year old law, Barney Frank's supposed unparalleled power over the economy, and of course, poor minorities?

Posted by: Levi at October 6, 2008 07:24 PM

This might be a good time to review the headshot the Democrats have planned for America--(From Obama's speech at the 99th annual NAACP convention in Cincinnati, July 2008)

• "Universal," "guaranteed" health care.

• "Free" college tuition.

• "Universal national service" (a la Havana).

• "Universal 401(k)s" (in which the government would match contributions made by "low- and moderate-income families").

• "Free" job training (even for criminals).

• "Wage insurance" (to supplement dislocated union workers' old income levels).

• "Free" child care and "universal" preschool.

• More subsidized public housing.

• A fatter earned income tax credit for "working poor."

• And even a Global Poverty Act that amounts to a Marshall Plan for the Third World, first and foremost Africa.

Plus lots, lots more--down to micromanaging US business.


Posted by: Darrell at October 6, 2008 09:31 PM

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