10/29/2008 05:12 am ET Updated May 25, 2011

Obama: McCain's Economic Crisis Response "Katrina-Like...Just Sorta Stood There"

Barack Obama rolls out a new line during a rally in Michigan on Sunday, saying John McCain's response to the financial meltdown was "Katrina-like":

Senator McCain just doesn't get it. He doesn't understand that the storm hitting Wall Street hit Main Street long ago. That's why his first response to the greatest financial meltdown in generations was a Katrina-like response.

Sort of stood there. Said the fundamentals of the economy are strong. That's why he's been shifting positions these last two weeks, looking for photo ops, trying to figure out what to say and what to do.

Here's video: