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McCain blasts Obama, Democrats for Fannie Mae Meltdown

We asked John McCain to take off the gloves — and he listened. In remarks McCain will deliver today, he blasts Democrats, including Barack Obama, for their market manipulations and defense of Fannie Mae against regulator warnings.

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From CBS:

McCain Unloads on Obama's Character, Record - From The Road

“I don’t need lessons about telling the truth to American people. And were I ever to need any improvement in that regard, I probably wouldn’t seek advice from a Chicago politician. My opponent’s touchiness every time he is questioned about his record should make us only more concerned,” McCain said.

“All people want to know is: what has this man ever actually accomplished in government? what does he plan for America? In short: who is the real Barack Obama?”

McCain also said that Obama and Democrats in Congress “encouraged” the corruption at Fannie Mae and Freddie Mac that led to the subprime mortgage meltdown.

“Sen. 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,” said McCain.

“As recently as September of last year he said that subprime loans had been, quote, ‘a good idea.’ Well, Sen. Obama, that good idea has now plunged this country into the worst financial crisis since the Great Depression.”

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