Ad wars ramp up

I'm tired of these sushi eating liberals walking all over our HERO !

Come On ! Give McCain Some Credit Here !

You see, as it turns out... the McCain camp were actually referring to John's contribution to the development of the 'blackberry' ... not the 'Blackberry'.

Yup, seems Mr. McCain played a hand in the development of the time honored favorite fruit. As it turns out John was an early proponent for genetically modified fruit and while working alongside a band of Flemish monks visiting Scotland in the early 13th century John accidentally spliced a Mungleberry fruit stem into a Benninberry stem (related to modern Alderberry).

Low and behold - a star was born - the 'blackberry' and John was celebrated for centuries around the abbey. Indeed - the breakfast gruel was never the same !

Hurray for the inventor of the 'blackberry' -our own John McCain.

It is an interesting exercise to lay Obama next to McCain on the issue of the collapse/bailout of Fannie/Freddie...
From Barack Obama:

We're told that the current financial crisis and the collapse/bailout of Fannie Mae and Freddie Mac are the result of "Bush/McCain Policies."

Seems like all he has to run on is painting McCain as Bush 44... and exploiting Bush Derangement Syndrome!

(Interesting to note that behind Sen Dodd - the chairman of the powerful banking committee - Barack Obama received more money from Fannie/Freddie than any other lawmaker of the over 300 who received contributions between 1989 and 2008... and Obama was only in the Senate for 3 of those years!)

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On the other hand...

John McCain, who has never taken an earmark and has campaigned actively against them, sought to reign in the abuses of Fanny/Freddie in 2005 by co-sponsoring the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 1 90 - which was shot down by Democrat resistance! Note his statement from the Congressional Record, quoted below, in support of the Bill. Seems he had a crystal ball!! This from a guy who stated self-effacingly that he doesn't understand the economy as well as he'd like! If only more people understood it as well as he does!

The United States Senate

May 25, 2006

Statement by John McCain (R-AZ)

Mr. President, this week Fannie Mae's regulator reported that the company's quarterly reports of profit growth over the past few years were "illusions deliberately and systematically created" by the company's senior management, which resulted in a $10.6 billion accounting scandal.
The Office of Federal Housing Enterprise Oversight's report goes on to say that Fannie Mae employees deliberately and intentionally manipulated financial reports to hit earnings targets in order to trigger bonuses for senior executives. In the case of Franklin Raines, Fannie Mae's former chief executive officer, OFHEO's report shows that over half of Mr. Raines' compensation for the 6 years through 2003 was directly tied to meeting earnings targets. The report of financial misconduct at Fannie Mae echoes the deeply troubling $5 billion profit restatement at Freddie Mac.
The OFHEO report also states that Fannie Mae used its political power to lobby Congress in an effort to interfere with the regulator's examination of the company's accounting problems. This report comes some weeks after Freddie Mac paid a record $3.8 million fine in a settlement with the Federal Election Commission and restated lobbying disclosure reports from 2004 to 2005. These are entities that have demonstrated over and over again that they are deeply in need of reform.
For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 1 90, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole.
I urge my colleagues to support swift action on this GSE reform legislation.
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Here's the fine print: The WAPpers define "negative" as any time you mention the opponent's name. So if Team O ran an ad that said "My economic plan is better than John McCain's" -- ding! ding! ding! -- that rings negative bells in the WAP's ears. And they don't measure the veracity of the ads or whether something was a personal attack or a policy attack.
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