Open Thread * McCain’s Latest TV Ad
By SusanUnPC on September 30, 2008 at 12:05 PM in John McCain, Open Thread
How hilarious is that. Using Bill Clinton’s smart analysis. Here’s more:
Here’s the one-minute script for our readers who can’t hear video:
ANNCR: John McCain fought to rein in Fannie and Freddie.
The Post says: McCain “pushed for stronger regulation”…”while Mr. Obama was notably silent.”
But, Democrats blocked the reforms.
Loans soared.
Then, the bubble burst.
And, taxpayers are on the hook for billions.
Bill Clinton knows who is responsible.
PRESIDENT BILL CLINTON: “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”
ANNCR: You’re right, Mr. President. It didn’t have to happen.
JOHN MCCAIN: I’m John McCain and I approve this message.
AD FACTS: Script For “Rein” (TV 1:00)
ANNCR: John McCain fought to rein in Fannie and Freddie. The Post says: McCain “pushed for stronger regulation”…”while Mr. Obama was notably silent.” But, Democrats blocked the reforms.
This came in a press release with a gathering of media quotes. While we’re not an outlet for all things John McCain, I do find that a few of these are important to post:
· In 2006, John McCain Said Fannie Mae And Freddie Mac Were “Deeply In Need Of Reform.” “Mr. President, the OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator’s examination of the company’s accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.” (Office Of U.S. Senator John McCain, “McCain Statement On Co-Sponsorship Of The Federal Housing Enterprise Regulatory Reform Act Of 2005,” Press Release, 5/26/06)
· John McCain Cosponsored The Federal Housing Enterprise Regulatory Reform Act Of 2005. “‘Mr. President, this week Fannie Mae’s regulator reported that the company’s quarterly reports of profit growth over the past few years were “illusions deliberately and systematically created” by the company’s senior management, which resulted in a $10.6 billion accounting scandal. … I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation.” (Office Of U.S. Senator John McCain, “McCain Statement On Co-Sponsorship Of The Federal Housing Enterprise Regulatory Reform Act Of 2005,” Press Release, 5/26/06)
· John McCain Co-Sponsored The Federal Enterprise Regulatory Reform Act of 2003 Which Would Have Created The Office of Federal Enterprise Supervision In The Treasury, And Given The New Office’s Director Supervisory And Regulatory Authority Over Fannie Mae And Freddie Mac. (S. 1508, Introduced 7/31/03) …
And here’s the quote from Bill Clinton that the McCain campaign used:
· Former President Bill Clinton: “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress, or by me when I was President, to put some standards and tighten up a little on Fannie Mae and Freddie Mac.” (ABC’s “Good Morning America,” 9/25/08)
, the basis for the Best Motion Picture Nominee (Golden Globes) starring Brad Pitt.
, the novel by John Le Carre, a new motion picture starring Gary Oldman and Colin Firth.
by 
* (Included in the 
* 
.by David Fredosso who wrote 2008's 
- You'll have access to 18 million movies, TV shows, songs, magazines, and books, as well as ultra-fast Web browsing with Amazon Silk -- faster than iPad. Full e-mail and document access and a keyboard. Fire can transmit what is on your screen onto a connected TV or monitor without an accessory. It runs Flash (iPad doesn't). 
