McCain Finally Brings a Gun to a Gun Fight and Hammers Obama on Character, Honesty and Blasts Barack & Democrats for Fannie Mae Failure

The Obama, Democrat lie has gone on far too long regarding the financial failure of Fannie Mae and Freddie Mac and who was to blame. How could McCain be to blame when he was calling for regulations and oversight as Democrats blocked his efforts?

FINALLY, FINALLY THE MAVERICK EMERGES … John McCain finally takes the gloves off and tomorrow nights Presidential debate in Nashville, TN stands to be a battle royal. As Wake Up America says, Its about Damn time.  Michelle Malkins echos, “Maybe McCain does want to win: He finally attacks Obama on Fannie/Freddie”. A word of wisdom to the McCain campaign … don’t stop the fight until the fight is done.

Read the following remarks from McCain’s campaign stop in Albuquerque, NM. McCain blasts Obama and sets the record straight on the failing of Fannie Mae. Maybe Americans would be interested in what really happened and why it failed.

Senator Obama has accused me of opposing regulation to avert this crisis. I guess he believes if a lie is big enough and repeated often enough it will be believed. But the truth is I was the one who called at the time for tighter restrictions on Fannie Mae and Freddie Mac that could have helped prevent this crisis from happening in the first place.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.

SOME STRAIGHT TALK FROM JOHN MCCAIN

My opponents touchiness every time he is questioned about his record should make us only more concerned. For a guys who has already authored two memoirs, he is not exactly an open book. It’s as if some how the usual rules don’t apply, and where other candidates have to explain themselves and their records, Senator Obama seems to think he’s above all that … All the people want to know is what has this man ever actually accomplished in government?

John McCain had promised to take the gloves off and it appears as thought he has finally done it. As stated at Hot Air, McCain will deliver remarks today where he blasts Democrats, including Barack Obama, for their market manipulations and defense of Fannie Mae against regulator warnings. It is about time that McCain correct Obama’s misrepresentations that the present financial crisis was one of deregulation. Make no mistake about it and who opposed regulations and oversight on Fannie Mae,  (video). The record shows that Democrats like Barney Frank, Chris Dodd, Gregory Meeks, Lacy Gray, and others opposed the regulators.

Senator Obama was silent on the regulation of Fannie Mae and Freddie Mac, and his Democratic allies in Congress opposed every effort to rein them in. As recently as September of last year he said that subprime loans had been, quote, “a good idea.” Well, Senator Obama, that “good idea” has now plunged this country into the worst financial crisis since the Great Depression.

To hear him talk now, you’d think he’d always opposed the dangerous practices at these institutions. But there is absolutely nothing in his record to suggest he did. He was surely familiar with the people who were creating this problem. The executives of Fannie Mae and Freddie Mac have advised him, and he has taken their money for his campaign. He has received more money from Fannie Mae and Freddie Mac than any other senator in history, with the exception of the chairman of the committee overseeing them.