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Obama, McCain continue attacks on bailout September 24, 2008

Posted by trouble97018 in Economy, McCain, News, Obama, Politics.


Posted by Foon Rhee, deputy national political editor September 24, 2008 02:07 PM

Even as they try to position themselves as statesmen on the proposed Wall Street bailout, Barack Obama and John McCain are finding ways to go after each other as well.

Obama is accusing McCain of being a foxhole convert to cracking down on CEO compensation.

“He’s suddenly a hard-charging populist,” Obama plans to say in Dunedin, Fla., this afternoon, according to remarks released by his campaign. “And that’s all well and good. But I sure wish he was talking the same way over a year ago, when I introduced a bill that would’ve helped stop the multi-million-dollar bonus packages that CEOs grab on their way out the door. Because he opposed that idea. I sure wish he joined me when I blew the whistle on the fired CEOs of Fannie Mae and Freddie Mac who tried to walk away with golden parachutes. I sure wish he felt the same outrage about CEO pay when his top economic advisor – who he calls a ‘role model’ – walked away with a $42 million package after being fired from Hewlett Packard. I sure wish he would change his current plan to give the average Fortune 500 CEO a $700,000 tax cut at a time when millions of Americans are struggling to pay their bills. That’s what I’d like to hear. Source Article



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