Today Barack Obama continued to try to link George W. Bush and John McCain together on the issues of the economy and the foreclosure crisis. First Obama blamed Bush for inaction on the foreclosure crisis, “For President Bush, the answer was to do nothing until the pain out on Main Street trickled up to Wall Street. Then, a few months ago, he rolled out a plan that was too little, too late. Instead of offering meaningful relief, he warned against doing too much. His main proposal for an economy that is leaving working people behind is to give more tax cuts to the wealthiest Americans, even though they don’t need them and didn’t ask for them.”
Next Obama turned his attention to McCain, “Now I know that John McCain doesn’t like to talk about the economy. Earlier in the campaign, he admitted that, “the issue of economics is not something I’ve understood as well as I should.” Apparently, that hasn’t changed, since his plan amounts to little more than borrowing bad ideas from George Bush.”
“For months, John McCain struggled to come up with a real plan to address the housing crisis, even as millions of Americans faced the nightmare of not being able to pay next month’s bills. It took him three tries to come up with answers for struggling homeowners, and he still came up short. And Senator McCain is so out of touch with the struggles of working people that he gave a speech laying out his economic agenda last week, and he couldn’t even be bothered to talk about a foreclosure crisis that has put so many families on the brink of catastrophe, and put our economy on the brink of a recession,” Obama continued.
Consider the contrast in what each of the candidates spoke about today. McCain gave a speech about nuclear security, while Obama discussed the economy and the mortgage crisis. McCain can only win in November if he can convince voters that foreign policy is more important than the bad economy, skyrocketing prices, and declining values of their homes. When one adds in the element that McCain seems content to carry on the policies of one of the least popular presidents of all time, this situation starts to look like a perfect storm.
In an election year where people are obsessed with the economy and gas prices, McCain’s proposed solutions have been a gas tax holiday and the same old Republican gibberish about letting the markets correct themselves. Republicans want to run on national security and foreign policy, but in bad economic times, pocketbook issues usually dominate the ballot box, so while Obama talks about the issues that really matter, McCain keeps ducking and dodging while trying to change the subject.
Read Obama’s speech here.