See: http://www.newsweek.com/id/164972
Stating that Gramm-Leach-Bliley Act wasn't what caused the meltdown, and noting that "economists on both sides of the political spectrum have suggested that the act has probably made the crisis less severe than it might otherwise have been." And also:
http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html
Even Bill Clinton points to liberal Congressional Democrats??? protection of Fannie and Freddie from scrutiny as a primary cause of the current economic meltdown.
http://www.youtube.com/watch?v=XsynspIqAoE
Obama in the last half of the this youtube link, says so as well..
http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related
Incoming
McCain attacked relentlessly, but didn't knock Obama down.
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In some ways, it wasn't a fair contest. John McCain was facing not one but two opponents. One was the Democratic nominee sitting on the bar stool across the red-carpeted stage from him. The other was his own veep nominee—who drew 70 million viewers to her debate against Joe Biden last week.
Sarah Palin understood clearly the techniques that work on television. The substance is not what matters most; rather it's the optics, and the angles, and the ability to project affability and warmth through the lens of the camera perched over the moderator's shoulder.
That lesson was lost on John McCain in Nashville on Wednesday, who seemed to think that a town-hall debate on television was the same as a town-hall debate in a real town hall.
He paced up and down in fits and starts as he spoke. He leapt from subject to subject, sound bite to sound bite. Between answers, he sat down and scribbled page after page of notes, then jumped up and paced around silently. Early on, he seemed ill at ease in engaging with his questioners; how close should he stand? And how much should he look at them? His approach seemed to present a serious challenge to the show's producers, as they struggled to find the best way to frame McCain's interactions.
There was no questioning the GOP nominee's energy level; he seemed to have enough pent-up force to power a substation.
Barack Obama, by contrast, barely touched his notepad, sat firmly in his seat when he wasn't answering, picked a spot to stand in addressing his questioner and stuck to it. He didn't light the place up with his energy level, and critics will maintain that his cool demeanor still doesn't connect with Main Street voters. But he moved easily about the stage, and seemed far more comfortable without a podium than his rival did.
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