Obama criticizes McCain on mortgage crisis

Add a Comment , , March 27th, 2008

The Democrat says the GOP candidate is following in Bush’s footsteps and ignoring working families.

Democrat Barack Obama mocked John McCain on Wednesday for urging government restraint in responding to the mortgage crisis, saying the Republican would “just sit back and watch” as millions of Americans lost their homes.

The back-and-forth between two of the leading White House contenders underscored the emergence of the nation’s home-loan fiasco as a top issue in the presidential race
Campaigning in Greensboro, N.C., Sen. Obama of Illinois ridiculed Sen. McCain of Arizona for offering no concrete plan to fight the wave of defaults that has shaken the economy.

“We’ve been down this road before,” Obama said. “It’s the road George Bush has taken . . . for the last eight years. It’s the idea that government has no role at all in solving the challenges facing working families — that all we can do is hand out tax breaks for the wealthiest few and let the chips fall where they may.”

McCain spokesman Tucker Bounds dismissed Obama’s comments as “old attack and smear tactics.”
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