Skip to comments.Transcript of presidential debate (Vanity)
Posted on 10/03/2008 2:53:25 PM PDT by Scotswife
Presidential Debate, Sept. 26,2008
"Obama:...Two years ago, I warned that, because of the subprime lending mess, because of the lax regulation, that we were potentially going to have a problem and tried to stop some of the abuses in mortgages that were taking place at the time.
Last year, I wrote to the secretary of the Treasury to make sure that he understood the magnitude of this problem and to call on him to bring all the stakeholders together to try to deal with it."
(Excerpt) Read more at cnn.com ...
Moving on to last night's vice presidential debate, we hear this claim from Senator Joe Biden...
"BIDEN: Well Gwen, two years ago Barack Obama warned about the sub prime mortgage crisis. John McCain said shortly after that in December he was surprised there was a sub prime mortgage problem. John McCain while Barack Obama was warning about what we had to do was literally giving an interview to "The Wall Street Journal" saying that I'm always for cutting regulations. We let Wall Street run wild. John McCain and he's a good man, but John McCain thought the answer is that tried and true Republican response, deregulate, deregulate.
So what you had is you had overwhelming "deregulation." You had actually the belief that Wall Street could self-regulate itself. And while Barack Obama was talking about reinstating those regulations, John on 20 different occasions in the previous year and a half called for more deregulation. As a matter of fact, John recently wrote an article in a major magazine saying that he wants to do for the health care industry deregulate it and let the free market move like he did for the banking industry." Source: http://elections.nytimes.com/2008/president/debates/transcripts/vice-presidential-debate.html
So there it is. In the last two debates the claim has been made that the most merciful Obama attempted to save us all from this fate.
Clearly, I am skeptical of this claim and would like my fellow Freepers to weigh in on the truthfulness - or lack of truthfulness - behind this.
This is “New History”.
Please revise your books.
That was twice I’ve heard this. I want to see a copy of the damn letter.
OK - I haven’t done this before.
How do I revise my books?
But McCain and Palin let it hang in the air.
No one seems to be challenging him on it.
I think I speak for everyone when I say ... “Breaking??”
the Dems have been praising obama to no end this week with this bail out.
not once have the republicans even McCain said about obama being on the take,Franks making this whole mess and on the take plus calling for franks to step down
have the mentioned about how much money the Dems got especially obama, not once have I heard a connection from republicans saying about ACORN and obama together
have I missed something, did we just let the Dems keep punching us and we’ll take it
A claim made by Biden in last night’s debate wouldn’t qualify under breaking?
Yeah really.... RUSH already reported on this last week.
I hear you.
The only thing I can come up with is that McCain didn’t want to jeapordize the vote.
I’m hoping now that the voting is over the gloves will come off?
Barrak the Prognosticator... He foresaw the failure of Iraq... But he didn’t see the success of the surge. He Foresaw the failure of the financial industry due to Sub-prime mortgage mess but he didn’t foresee his need to put forth a Senate Resolution to deal with the coming Frannie/Freddie failure?
Will he foresee his coming impeachment after his ACORN relationships and its direct ties to this mess are uncovered?
I don’t get it?
Is he REALLY THE ONE?
“I warned you that I was taking campaign contribution kickbacks from my friends Raines and Johnson knowing full well that they were cooking the books” .
So he’s had two years as a Senator to create, sponsor, or co-sign a bill to try to avert this problem.
I’m sure it’ll be very easy to find in all the other bills he authored.
What? There are none? Well, he’s lying then.
What did Rush say about it?
My apologies for your irritation - I thought that since Biden made the claim again last night that it would be considered recent news.
“What? There are none? Well, hes lying then.”
You think it’s that simple?
His claim is he tried to warn - whatever that means.
That's the Republican M.O.
I not only want to see a copy of the letter, I want to see the copy that whoever he sent it to actually received! It’s all too easy to type up a letter, back-date it, and claim it as what you sent way back then. (Fake but accurate?)
It’s sort of like wanting to prove/use a speech that no one actually recorded back when it was given, so you just re-record it from a copy of the speech you just ‘happen’ to have lying around so you can excerpt it as proof that you were right, way back then. Sort of like hopping into the Way-Back machine and ‘correcting’ the record.
Sheesh, I can’t believe the MSM is letting him get away with it. Hold on, I guess I really mean is that I can’t believe that the MSM is going to get away with letting Obama get away with it.
Obama constantly attempts to take credit for things that he has had no part of. I’m sure this is no exception!