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Showing posts with the label Wall Street Crisis

Obama, McCain React to Economic Crisis

Barack Obama who has decided to continue campaigning in the face of a possible failure on the bailout of the banking crisis may be called irresponsible considering the Democratic Congress has accepted money from Both Fannie Mae and Freddie Mac during a time when Republicans Like John McCain were introducing legislation that could have averted this crisis , others like Chris Dodd and Barney Frank have stood in the way of such legislation while Senator Barack Obama seems to have been holding his tongue on the matter. See This Link for Contributions made to Barack Obama, Chris Dodd, Barney Frank, John Kerry and others in congress responsible for the failures:: http://www.opensecrets.org/ Obama's Response: John McCain's Response: Related Posts on Catholic Fire: Breaking: McCain Halts Campaign to Focus on Financial Crisis Great Video on Biden and Obama!

Breaking: McCain Halts Campaign to Focus on Financial Crisis

Via WorldNet Daily : In a dramatic move, Republican Sen. John McCain announced he is suspending his presidential campaign to focus on addressing the Wall Street crisis and called on Democratic rival Sen. Barack Obama to do the same. McCain also asked that the debate scheduled for Friday in Oxford, Miss., focused on foreign policy, considered his strong suit, be postponed. The Arizona senator said he believes the $700 billion bailout bill in Congress will not pass and urged Obama to join him in working out a new deal before Monday. McCain said lawmakers need to show the kind of patriotism displayed in the wake of the 9/11 attacks and "temporarily set politics aside." "If we do not act, every corner of this country will be impacted," he said. "We cannot allow this to happen." The Obama campaign, according to Fox News, issued a statement suggesting it actually made the first move to set politics aside to address the country's financial woes. More to come....

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