The collapse of Lehman Brothers and government buyout of AIG drastically changed the nature of the campaign for both Obama and McCain. The Democratic nominee enjoyed a boost in the polls due to McCain's fumbling of the crisis. Obama blasted the Republican nominee for saying that "the fundamentals [of the economy] are strong," just hours before the upheval in the markets. In response to the Bush Adminstration's $700 billion plan to buy up bad securities from Wall Street, Obama said that it must not be a "blank check," and should include provisions for tighter regulation of the market, support for international recovery, and have a focus on Main Street as well as Wall Street. The Senator from Illinois has been spending time in North Carolina, a state historically Republican, but which is predicted to be a close contest in this election.
In other news, Vice Presidential running mate Joe Biden warned Obama not to "fool with my Beretta" as he was campaigning in Virginia.
Sunday, September 21, 2008
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