Obama: McCain's deregulation too risky for economy

[maddezmom]

Source: AP

WESTMINSTER, Colo. (AP) — Democrat Barack Obama said Republican John McCain's long advocacy of deregulation contributed to the current financial crisis and letting his GOP rival continue those policies as president would be a gamble "we can't afford."

After the House defeated a bill Monday to bail out the financial industry but also impose new federal controls on it, the Democratic presidential candidate said that McCain has "fought against commonsense regulations for decades, he's called for less regulation 20 times just this year, and he said in a recent interview that he thought deregulation has actually helped grow our economy."

"Senator, what economy are you talking about?" Obama asked.

Speaking to a packed gymnasium at Mountain Range High School, Obama associated McCain's economic views with a news report about the six-term Arizona senator's closeness to the gambling industry, without ever mentioning the news story itself.

"I read the other day that Sen. McCain likes to gamble. He likes to roll those dice. And that's OK. I enjoy a little friendly game of poker myself every now and then," Obama said. "But one thing I know is this — we can't afford to gamble on four more years of the same disastrous economic policies we've had for the last eight."



Read more: http://ap.google.com/article/ALeqM5isOFwdbq0tsqatW6vJpkDRTI1gMgD93GJHHG0

[whistle]

1. McCain's deregulation is wild west lawlessness mentality in Wall Street

...and corporation behaviors. Devastating to the economy and dangerous to the American workers and consumers.

[Lugnut]

2. K&R n/t

[Kaleko]

3. McCain is burnt toast.

[humbled_opinion]

4. Golden Opportunity

Its time for Real leaders to step up. Obama can fix this, we have the votes in Congress to get the law we want. Bush will sign anything at this point screw the Repukes this is just all their years of greed coming back to roost.

[Demeter]

5. Tell McCain that the proper response when you're taking a beating is:

No mas!

[kestrel91316]

6. As the Big Dog would say, "It's the DEREGULATION, stupid!"

[underpants]

7. Pitch perfect

as usual

[Poseidan]

8. no

De-regulation or regulation is not a legitimate debate. We should only discuss what should be regulated, how and why.

[hay rick]

11. too hard. nt

[juno jones]

9. K&R! n/t

[The_Casual_Observer]

10. Even after McCain got snared in the Lincoln Savings & Loan scandal

he kept this shit up. He's impossible & as dense as a lead bar.

[Amonester]

12. It seems it's the "Reagan brainwashing BS" that McGamble is stuck with.

You know... the supposedly "trickle down" propaganda that got King Ronald :puke: going.

There's no such thing in the real world. In the real world, money "trickles" UP, not down.

It's the McGamble's (and dumbya's) "War is peace, down is up, depression is progress," etc. :puke:

[yoodle]

13. Barack needs to keep this up

Keep the pressure on the "gambler", I love it!