Out of Bounds! McCain distorts Obama's words on subprime loans

News Type: Event — Seeded on Mon Oct 6, 2008 7:45 PM EDT

Article Source: mcclatchydc.com

politics, obama, mccain, election, republican, palin, democrat, biden

Throw the flag against: The McCain-Palin campaign.

Call: Clipping.

What happened: In remarks Monday in New Mexico about the economic crisis, Republican John McCain said that "as recently as September of last year" Democrat Barack Obama said that subprime loans had been "'a good idea.' Well, Senator Obama, that 'good idea' has now plunged this country into the worst financial crisis since the Great Depression."

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{"commentId":3346765,"authorDomain":"jimdent"}

Jim Dent

Why that's wrong: Obama did say in a September 2007 speech that "subprime lending started off as a good idea — helping Americans buy homes who couldn't previously afford to." But in the same speech he said that the subprime market was corrupted by lenders and brokers who lowered their standards to see how much money they could make, by appraisers who inflated their estimates, and by some borrowers who claimed false income to qualify for loans.

The Straight Talk Express...

{"commentId":3346765,"threadId":"380889","contentId":"1960878","authorDomain":"jimdent"}

5 votes

#1 - Mon Oct 6, 2008 7:48 PM EDT

{"commentId":3346936,"authorDomain":"arcanebliss"}

arcanebliss

What a lying jerk.

{"commentId":3346936,"threadId":"380889","contentId":"1960878","authorDomain":"arcanebliss"}

5 votes

#2 - Mon Oct 6, 2008 7:58 PM EDT

{"commentId":3351964,"authorDomain":"ceosvcs"}

EEEEEman-186995

Half facts or sentences of a speech keep coming afloat in the McCain campaign. Seems like the campaign believes most voters don't read or our unable to comprehend a full speech from an opponent?

{"commentId":3351964,"threadId":"380889","contentId":"1960878","authorDomain":"ceosvcs"}

5 votes

#3 - Tue Oct 7, 2008 7:01 AM EDT

{"commentId":3352269,"authorDomain":"yorkark"}

Sally York

The Repubs have always thought that the working person in this country was uninformed and that has bit them in the butt more then once. That is why I recent the terms like Joe Six or Beauty Parlor Jane they are degrading terms.

I remember back in the 70's I was running for a local office and a Millionaire Newspaper publisher was running for Congress and he came to our Corn roast. He came dressed in coveralls and muck boots and looked totally out of place because he though we were a bunch of what he thought was uneducated farmers.

I was elected, he was not and he couldn't figuer out way not. You don't generally get far talking down to people.

{"commentId":3352269,"threadId":"380889","contentId":"1960878","authorDomain":"yorkark"}

3 votes

#3.1 - Tue Oct 7, 2008 7:57 AM EDT

{"commentId":3363758,"authorDomain":"ceosvcs"}

EEEEEman-186995

SY the question is will the nation begin to see the forest through the trees?

{"commentId":3363758,"threadId":"380889","contentId":"1960878","authorDomain":"ceosvcs"}

1 vote

#3.2 - Tue Oct 7, 2008 7:17 PM EDT

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JIM DENT

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Out of Bounds! McCain distorts Obama's words on subprime loans

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