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

[robXdion]

McCain sounds desperate and creaky. He's generalized more than Palin did in the 1st half. Obama sounds better, looks better, answers the questions better, refuted McCain's attacks better . . . . McCain is DONE. Brokaw can't save him.

[anothervoice2]

The real deal on McBush....­petty, mean, bully, narcissistic, spoilt, manipulati­ve...

http://www.rollingstone.com/videos/player/23356460

http://www.rollingstone.com/news/coverstory/make_believe_maverick_the_real_john_mccain

[BGDiNLV]

Brokaw is pissing me off! He constantly is "thanking John McCain for his statements­.Not doing the same towads O.He just did it again!! UGH

[holyhandgrenaid]

he also keeps telling obama hes out of time, but never mccain, and it sure ain't because obama is talking any longer than mccain

[ChescoMom]

Isn't ageism a lovely thing?

[nolatraci]

McCain sounds like a desperate used car salesman trying to get anyone on the lot to buy the lemon, "my friends." McCain, "my friends", is the sort of antique that you don't want to hold on to because it doesn't work with the rest of your lifestyle! He's a dried out, old piece of wood that you throw in the fire. C;mon! He can't even remember the order of his priorities from one question to the next.

[loudyk]

yep, Obama is very comfortable in this format. I thought the town hall setting was McCain's area of comfort? He seems very cardboardlike and boring. His attempts at jokes fall very flat. McCain is sooooooo over!

[judyc]

Ohio seems to be liking O better.