RNC Ad Tries To Tie Bailout Plan To Obama

John McCain "suspended" his presidential campaign last week to ensure passage of the Wall Street bailout package, claiming that if Congress didn't act, the United States faced the possibility of another Great Depression.

And now, this morning, the Republican National Committee independent expenditure arm has released an ad that essentially trashes that very bill (while trying to link it, in a negative way, to Barack Obama).

Watch the video below, and note the first two lines: "Wall Street squanders our money and Washington is forced to bail them out with - you guessed it - our money. Can it get any worse?"

Is this not a quintessential example of politicizing the Wall Street crisis -- the very thing McCain has been railing about? Not only is the RNC using the bailout as an electoral wedge, but it's doing so in a completely misleading way, by suggesting that McCain doesn't also support the package.

UPDATE: The Obama campaign releases a statement:

"For John McCain's party to demagogue a rescue plan that he supports in order to score cheap political points is not only dishonest and dishonorable, it is the height of irresponsibility on a day when we urgently need to pass that plan to prevent an economic catastrophe. So much for country first," said Obama-Biden spokesman Bill Burton.

Comments

[heartland94]

08:10 AM on 10/01/2008

http://www.youtube.com/user/TheMouthPeace

[PT6]

01:46 AM on 10/01/2008

Tom Delay the old Repub House Leader said he wants the CAPITAL GAINS TAX REDUCED TO ZERO FOR TWO YEARS!

That would be the BIGGEST BAILOUT IN OUR HISTORY!

IT WOULD MAKE THE $700 BILLION LOOK LIKE A peanut!

ANOTHER REPUB TAKE FROM THE MIDDLE CLASS!

OBAMA CAN KISS HIS PACKAGES GOODBYE!

DON'T LET THEM DO THIS!

[oldfart1]

10:38 PM on 09/30/2008

In 2008 it appears that Bush never existed - the 8 years he has been were all a dream.

A VERY BAD DREAM.

[gisellestwocents]

09:36 PM on 09/30/2008

The best defense is a good offense. What are the Dem's saying? Let's not point fingers!!???
Let's put our guard down and be ... sucker punched...

[haveitoldyoulately]

08:44 PM on 09/30/2008

McCain....It was YOUR republican President who got us into this mess.....and I don't want to hear it was left over from the Clinton years.....if your President cared enough, or knew enough, he would have FIXED everything he thought Clinton did wrong. But instead, for 8 years, all he has done was create what you now want the Dems to fix....immediately. You my friend, could not even persuade your own party to vote for the bailout. Heck, you couldn't even convince Arizona and Alaska. NUMBERS DON'T LIE.....What a joke the GOP has become.....you should be ashamed. You forget, they too are running for elections as well.....you are on your own....oh, yes, I forget.....you have Palin.........You have both reached that bridge to nowhere.


ARIZONA
Democrats " Giffords, No; Grijalva, No; Mitchell, No; Pastor, No.
Republicans " Flake, No; Franks, No; Renzi, No; Shadegg, No.

ALASKA
Republicans " Young, No.

228NO 205YES

133 Republicans Voted NO
95 Democrats Voted NO

Voting yes were 140 Democrats and 65 Republicans.

[haveitoldyoulately]

08:43 PM on 09/30/2008

McCain....It was YOUR republican President who got us into this mess.....and I don't want to hear it was left over from the Clinton years.....if your President cared enough, or knew enough, he would have FIXED everything he thought Clinton did wrong. But instead, for 8 years, all he has done was create what you now want the Dems to fix....immediately. You my friend, could not even convience

[getwellconnected]

05:28 PM on 09/30/2008

guess what mccain; these ads might do well with the choir but ultimately they are not going to change the minds of enough swing voters. you'll have better luck just trying to purge them from voter registration lists.

[collima]

03:46 PM on 09/30/2008

It's clear that this whole "Bailout" episode is a demented plot to prey on the easy programmability of the American People, in that the bush administration proclaims to the entire world that the America is on the brink of finanical ruin ( Treasonous offense for a President IMO ), then asks Congress to immediately handover $700 billion of tax payer money no questions asked... ( Impeachable offense # 2 IMO ) knowing full well it would enrage almost the entire population. Thus daring congress to vote in support of the bill and risk losing their local election or not supporting the bailout and run the risk of being blamed for the market collapse. Then majority of republicans vote against the bailout bill even as the republican president, McCain, Palin and others demanding the bill get passed..... Hummmmm....

WHAT I SEE IS THE REPUBLICANS ARE WILLING TO DESTROY THE COUNTRY IN ORDER TO WIN AN ELECTION....

This ad proves the SHAMEFUL STRATEGY THE REPUBLICANS ARE ENGAGED IN!

Firing Squad!!! These A$$ Holes...

[jahsh]

03:34 PM on 09/30/2008

I hate to stoop to this level but the McCain campaign and it's surrogates are dishonest, unethical, unpatriotic SC*M! I understand that a campaign is an attempt to win but at what cost? This crowd puts winning above ALL else, above what's best for the country, truth, honesty, honor, morale values, the economy, our image in the world, our children's future and the troops. There's is a philosophy of "CAMPAIGN FIRST and COUNTRY LAST" and it's nothing short of disgraceful and extremely UN-AMERICAN!

[kjwhite]

02:30 PM on 09/30/2008

This really comes as no surprise. This is how McCain's entire campaign has been run. Does he not realize that Americans can see that he is trying to bat from both sides of the fence?

The republican party as a whole don't even know what they want any more. The only thing they seem to agree on is = Don't talk about the fact that Republican leadership got us in this mess to begin with....and blame everything on Barack Obama.

They consistently keep showing that the republican party thinks Americans are stupid. We've had 8 years of that already. People are pretty tired of it, but the McCain campaign would never notice that. You have to actually CARE about the voters to know how they are feeling....precisely why McCain is so out of touch with all of us.
He Doesn't Care.

[kdubbg]

02:24 PM on 09/30/2008

The difference in the way Obama has handled the crisis and the GOP has handled it could not be more stark.If you watched Obama's two minute ad (linked on the same page) it doesn't use scare tactics. It doesn't use stupid special effects.

It's just him, he lays the facts out and asks that voters go to his website for more info, so it's not just a soundbite. He actually takes some time and tells voter's what's up in a way that's both reassuring and reasonable. I think voters are beginning to see the fear mongering for what it is. People who want stability are going to see it in Barack Obama.

Everyone knows that when you say wall street you get stuck to the GOP. The GOP worked hard to convince us that what was good for Wall street was good for the rest of us on Main Street. Now they want to blame Wall Street without being tied to it?

[Diogenis]

02:23 PM on 09/30/2008

Hmmm, seems all the trolls have gone underground.

[MF73]

01:52 PM on 09/30/2008

John McCain and the GOP will say and do anything to win. He will use anyone. But the bottom like is Barack Obama cares and will be a great president.

[ndngrrl71]

01:52 PM on 09/30/2008

The RNC are a truly desperate bunch of people. They should be educating their constituents about the plan. Whether we want to admint or not but our paychecks come from Wall Street; that is a cold hard fact. The teller at WalMart, Vons, the mechanic at the local Auto shop you are connected to Wall Street. Where do you think the bank gets it's money.
They were elected into office because they said they understand the American Government and they way it works. 70% of their constiutuents don't know the first thing about how Government and Wall Street work so why are they listening to them now. The RNC knows this; but yet they stand there and say I'm going to do what people back in my district are telling me to do eventhough I know that they don't understand the entire process. NOw who is being STUPID? Face it - most Americans don't get the big picture. Now that your Credit Card rate is going to rise another 4% - now do you get it? Do you see how it all works. You just lost most of your 401 (K) do you get it yet. 1.2 Trillon dollars lost yesterday - do you get everyday Americans on Main Street. It's all connected. The best we can hope for is that the executives don't recieve a golden parachute.

[MyVoiceHere]

01:48 PM on 09/30/2008

On another point regarding the bailout. Why can the Treasury pump our dollars into the World Market without asking but they have to make a bailout plan to pump money into our Market?

http://www.bloomberg.com/apps/news?pid=20601087&sid=ahwz_k5JvuB8&refer=worldwide