Obama Corrects McCain's History On Regulation (VIDEO)

McCain claims he warned about the coming economic crisis. But as ThinkProgress notes, in 2007, he admitted he was "surprised" by the crisis. "So, I'd like to tell you that I did anticipate it, but I have to give you straight talk, I did not," he said.

Obama: Now I've got to correct a little bit of Senator McCain's history, not surprisingly, but let's first of all understand that the biggest problem in this whole process was the deregulation of the financial system. Senator McCain as recently as March bragged about the fact that he is a deregulator. On the other hand two years ago I said we've got a subprime lending crisis that has to be dealt with, I wrote to Secretary Paulson, I wrote to Federal Reserve Chairman Bernanke and told them this is something we have to deal with and nobody did anything about it. A year ago I went to Wall Street and told them we have to re-regulate, and nothing happened.

Comments

[ItHasToGetBetter]

I hope the "Deregulator" doesn't get the Presidency. He still doesn't get "it." Lack of babysitting people who can't be trusted is what got us into this.

[rosal]

Obama looked presidential, knowledable, calm, confident. Sad to say, McCain is way past his prime for the job, he looked insecure, tentative, some times forgetting his argument. Maybe in 2000, when he was younger and more honorable he could have done it.

[doctorwang]

B#sh/R0ve destroyed his chances. Too bad. I have little doubt that we wouldn't be in as bad as shape as we are now if he had won that primary. G0re would still have been my choice.

[Davwbaird]

There is no doubt who the next president is. McCain still does not get it.

[MadMal]

My Gosh. The Elite folks didn't stick around too much to shake all the town hall attendees hands. I'm am appalled that they left the Os around to do all the shaking, picture taking and chatting. How disrespectful to these attendees.

[rosal]

He knew is all over for him so he cut and run

[TheAlchemist]

Both candidates were in on the post debate hand shaking.

What I noticed is the image where John and Cindy were standing together and Barack went to shake John's hand, but noting that John's hand wasn't offered in return Barack shook Cindy's hand instead.

[PDXTransplant]

McCain is not man and he has no honor - he is nothing but a miserable old creep.

[GeezerusMaximus]

Comparing Michelle to Cindy was interesting. Michelle was engaging, while Cindy was aloof and a bit stand-offish.

[DonDavis]

After His Latest Debate Performance, McCain Considers Suspending His CHAMPAGNE
http://satiricalpolitical.com/?p=3622

[YunekFlava]

I thought Mccain was going to make Obama bleed. I did not see any blood, did you?

[Haditup2here]

McCain is a coward . PURE and SIMPLE. That is why he has Sarah Palin out in the trail doing his dirty work while his so-called toughness during the debates is relegated to disrespectful tantrums like the refusal to shake hands, looking Obama in the eye, and making smart comments like the one he made in thanking Obama about the argument that he supposedly (McCain) has a cool head. You can call it the Napoleon complex, because he would need more than a box to even stand at Obama's level.

[Zingaro Zorro]

Not one ounce. McCain had no conviction and no plan, and Obama has enough conviction and plan to reverse the course of the failing ship of state.

Obamarama shed no blood and no tears for the dismal maverick of Arizona.

[doctorwang]

Not at all. McC failed to do what he needed to do.

[Blivet]

You can't see hot air.

[Teeninchee]

THAT ONE??????! What kind of crap is that?

[1flower]

I so agree, that was crap. If he refers to Obama as That ONE, then mccain is That CREEPY ONE.

[Moxo]

THAT ONE??????! What kind of crap is that?

------------
The sort of crap that comes from a whiney little boy in shorts surrounded by his peers in long pants.

[Haditup2here]

A 72 year old man that is pretty much a spoiled brat.

[rosal]

"That One" showed him who the next president is going to be

GObama!!!

[Haditup2here]

McCain has shown himself to be full of it. Am I the only person who has found it strange how he did not have a prioritizing of health care, energy, etc . . . . . but stated that health care should be a responsibility as opposed to a right.

[Oldbra]

I TOTALLY saw that, too! Obama extended his hand to John McCain and McCain ignored him. Cindy McCain shook his hand instead. Way to leave a brother hanging! So rude!

[Haditup2here]

Classless, just like Palin.

[yuppy70]

McC is just a sore loser. Even he can see the wriiting on the wall at this point.

[situationcritical]

Okay, only one observation.

McCain hobbled around the stage like E.T.

I don't think it was an age thing. It was more of a body/mind coordination thing.

[MsCanadian]

LOL, I noticed that too. And also, he comes across as whiny and poor me.

[AlaskasRevenge]

IT’S TIME FOR THAT OCTOBER SURPRISE!!


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[stratjdr]

McCain refused to shake Obamas hand at the end? Is that right??

[tottie2001]

I noticed that also. McCain patted O on the back to make him pay attention to Cindy and as he held is hand out to John after shaking Cindy's hand he looked the other way.

[exPatPatti]

Nothing Brokaw does at this point will change the inevitable.

[CatoTheCensor]

Poor Tom Brokaw. "One minute. I mean it. I will cut you."

It's going as well as any of us could ask. I'm glued to CNN, with its cursed audience reaction bars.

[Butai]

Tom Brokaw is soooooooooo biased toward McCain it is funny.

[Haditup2here]

I found him very condescending when he chided Obama at the beginning for going over which was probably no more then ten seconds -- as if McCain did not go over himself during the very beginning of the debate.