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Obama: McCain wants to ‘gamble’ away US pensions September 20, 2008

Posted by trouble97018 in Economy, McCain, News, Politics.
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by Jitendra Joshi Sat Sep 20, 6:02 PM ET

JACKSONVILLE, Florida (AFP) – Democrat Barack Obama accused his White House foe John McCain Saturday of wanting to “gamble” away Americans’ life savings and deregulate healthcare at a time of crisis on the markets.

The candidates jostled as the US government unveiled a plan to buy 700 billion dollars in troubled mortgages in a last-ditch and costly bid to avert disaster on Wall Street.

Obama renewed demands for any government bailout to protect ordinary Americans on “Main Street,” as well as the busted financiers of New York, while McCain pressed for an intervention fund to preempt bailouts in the first place.

The Republican meanwhile pursued a new line of attack in blaming the financial hurricane on fraud at US mortgage giants Fannie Mae and Freddie Mac, which are among the tottering companies now taken over by the government. Source Article

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