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Transcript of presidential debate (Vanity)
CNN, NY Times ^

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."

Source: http://cnn.com/2008/POLITICS/09/26/debate.mississippi.transcript

(Excerpt) Read more at cnn.com ...


TOPICS: Your Opinion/Questions
KEYWORDS: 109th; barakobama; biden; debate; fanniefreddie; obamarecord; subprime
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I have not noticed the McCain campaign confirming or denying this claim made by Obama. I have not noticed MSM or alternative media confirming or denying this claim.

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.

1 posted on 10/03/2008 2:53:25 PM PDT by Scotswife
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To: Scotswife

This is “New History”.

Please revise your books.


2 posted on 10/03/2008 2:57:57 PM PDT by Iowamerican
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To: Scotswife

That was twice I’ve heard this. I want to see a copy of the damn letter.


3 posted on 10/03/2008 2:59:48 PM PDT by VA40
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To: Iowamerican

OK - I haven’t done this before.
How do I revise my books?


4 posted on 10/03/2008 3:00:27 PM PDT by Scotswife
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To: VA40

Me too.
But McCain and Palin let it hang in the air.
No one seems to be challenging him on it.


5 posted on 10/03/2008 3:01:53 PM PDT by Scotswife
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To: Scotswife

I think I speak for everyone when I say ... “Breaking??”


6 posted on 10/03/2008 3:02:34 PM PDT by The G Man (The NY Times did "great harm to the United States" - President George W. Bush 6/26/06)
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To: Scotswife

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

not once

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


7 posted on 10/03/2008 3:04:24 PM PDT by manc (Marriage is between a man and a woman no sick Ma sham marriage - -end racism end affirmative action)
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To: The G Man

A claim made by Biden in last night’s debate wouldn’t qualify under breaking?


8 posted on 10/03/2008 3:04:55 PM PDT by Scotswife
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To: The G Man

Yeah really.... RUSH already reported on this last week.


9 posted on 10/03/2008 3:06:07 PM PDT by zimfam007 (Courage is not simply one of the virtues, but the form of every virtue at the testing point.)
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To: manc

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?


10 posted on 10/03/2008 3:06:16 PM PDT by Scotswife
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To: Scotswife

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?


11 posted on 10/03/2008 3:06:53 PM PDT by Typical_Whitey (The Republican Party has given up its shot at the 08 Presidency. All hail OBAMA.)
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To: Scotswife

“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” .


12 posted on 10/03/2008 3:07:03 PM PDT by ronnie raygun (THE NEW MILLIONAIRES CLUB : YOUR FRIENDLY NIEGHBORHOOD CONGRESSMEN)
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To: Scotswife

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.


13 posted on 10/03/2008 3:07:04 PM PDT by hattend (Woohoo, Sarah clubbed Plugs like bloated harp seal!!! He never knew what hit him!)
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To: zimfam007

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.


14 posted on 10/03/2008 3:07:22 PM PDT by Scotswife
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To: Scotswife
Hmmm...not to defend this loser, but...

Obama Urges Bernanke, Paulson to Fight Foreclosures, Hold Homeownership Summit

Barack's Speech at NASDAQ in 2007
15 posted on 10/03/2008 3:08:35 PM PDT by Lucky9teen (Do as I say, not as I panic.)
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To: hattend

“What? There are none? Well, he’s lying then.”

You think it’s that simple?

His claim is he tried to warn - whatever that means.


16 posted on 10/03/2008 3:08:54 PM PDT by Scotswife
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To: Iowamerican
This is “New History”.

Please revise your books.


"This message is approved by the History, Sociology, and other
liberal Professors of Academia.
And by the Democratic Party.

(/sarc); although it's true
17 posted on 10/03/2008 3:08:56 PM PDT by VOA
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To: manc
did we just let the Dems keep punching us and we’ll take it

That's the Republican M.O.

18 posted on 10/03/2008 3:09:16 PM PDT by hattend (Woohoo, Sarah clubbed Plugs like bloated harp seal!!! He never knew what hit him!)
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To: VA40

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.


19 posted on 10/03/2008 3:11:17 PM PDT by BreitbartSentMe (Ex-Dem since 2001 *Folding@Home for the Gipper - Join the FReeper Folders*)
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To: Scotswife

Obama constantly attempts to take credit for things that he has had no part of. I’m sure this is no exception!


20 posted on 10/03/2008 3:12:04 PM PDT by jan in Colorado (For Barack Hussein Obama TRUTH FILE see my homepage!)
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