McCain, Obama Deserve Credit for Rescue, Advisers Say
Posted on September 28th, 2008 by bile Tags: bailout, Barack Obama, Christopher Dodd, CNN, Connecticut, government insurance, John Kerry, John McCain, Lindsey Graham, Massachusetts, Senate Banking Committee, South Carolina, United States, USDU.S. presidential candidates John McCain and Barack Obama each deserve credit for a breakthrough in talks on a $700 billion plan to revive the credit markets, their advisers said today.
Republican McCain worked with party members in the House to achieve plan changes such as government insurance of mortgage- backed securities and a phase-in of federal aid, Senator Lindsey Graham said on the “Fox News Sunday” television program.
“The fact is the House Republicans were not in the mix at all” until McCain arrived at the talks, said Graham, a South Carolina Republican. McCain “was decisive in regards to the House being involved.”
Senator John Kerry, an Obama adviser, disagreed. McCain said “he was going to interrupt his campaign to come down and save the negotiations,” according to the Massachusetts Democrat. “What he did was interrupt the negotiations to come down and save his campaign.”
Senate Banking Committee Chairman Christopher Dodd said in a CNN interview today that McCain’s trip was “a political stunt” that “delayed and slowed down this process.”
Obama was supportive of negotiations in a “mild” and constructive” way by calling in over eight or nine days of talks, said Dodd, a Connecticut Democrat.
If they want to take credit I’m happy to give it to them. When the depression comes I just hope whichever clown is in office will take the blaim.




