Obama, McCain continue attacks on bailout

Even as they try to position themselves as statesmen on the proposed Wall Street bailout, Barack Obama and John McCain are finding ways to go after each other as well.

Obama is accusing McCain of being a foxhole convert to cracking down on CEO compensation.

"He’s suddenly a hard-charging populist," Obama plans to say in Dunedin, Fla., this afternoon, according to remarks released by his campaign. "And that’s all well and good. But I sure wish he was talking the same way over a year ago, when I introduced a bill that would’ve helped stop the multi-million-dollar bonus packages that CEOs grab on their way out the door. Because he opposed that idea. I sure wish he joined me when I blew the whistle on the fired CEOs of Fannie Mae and Freddie Mac who tried to walk away with golden parachutes. I sure wish he felt the same outrage about CEO pay when his top economic advisor – who he calls a ‘role model’ – walked away with a $42 million package after being fired from Hewlett Packard. I sure wish he would change his current plan to give the average Fortune 500 CEO a $700,000 tax cut at a time when millions of Americans are struggling to pay their bills. That’s what I’d like to hear.

"You see, the John McCain you’ve heard from over the last few days is a lot different than the John McCain who’s been in Washington for the last twenty-six years. He talks about getting tough on Wall Street now, but he’s been against the common-sense rules and regulations that could’ve stopped this mess for decades. He says he’ll take on the corporate lobbyists, but he put seven of the biggest lobbyists in Washington in charge of his campaign. And if you think those lobbyists are working day and night to elect my opponent just to put themselves out of business, well I’ve got a bridge to sell you up in Alaska.

McCain spokesman Tucker Bounds responded to the criticism: “Barack Obama actually said today that he ‘blew the whistle’ on Fannie Mae and Freddie Mac CEOs for their golden parachutes, when he actually hired one for a critical job in his campaign and reportedly had his campaign seeking policy advice from another. The truth is that while John McCain sounded the alarm on the need to reform Freddie and Fannie to protect American taxpayers, Barack Obama took record amounts of their money and refused to take action to reform and regulate them. If ‘lying’ is saying you did one thing when you actually did the opposite, then Barack Obama just lied.”

McCain's campaign, meanwhile, is attacking Obama on his ties to the failed mortgage giants Fannie Mae and Freedie Mac.

“While the American taxpayer’s hard-earned money was corrupted by a government-backed mortgage business in Washington, Barack Obama took record amount of their campaign cash, and did absolutely nothing to regulate their books. Just like he did over two years ago, Barack Obama chooses to ignore John McCain’s calls to regulate and reform Fannie and Freddie, while defending his own affiliations with their corrupted corporate executives and his stockpile of campaign cash," McCain spokesman Tucker Bounds said in a statement.

“One question remains. Did Barack Obama provide Fannie Mae special access when he appointed Fannie Mae’s embattled former CEO Jim Johnson to lead his vice presidential search committee while Mr. Johnson was still receiving $71,000 a month from Fannie Mae?”