GREENSBORO, N.C. (AP) — Democrat Barack Obama ridiculed Republican presidential rival John McCain on Wednesday for what he called a "sit back and watch" approach to the economic troubles gripping the nation.
Back campaigning after a brief family vacation in the Caribbean, the presidential candidate focused on the housing crisis that has rocked Wall Street and the economic downturn that has forced the Federal Reserve to intervene. And after days of sniping between Obama's camp and rival Hillary Rodham Clinton's campaign, Obama turned his attention to McCain.
On Tuesday, McCain derided government intervention to save and reward banks or small borrowers who behave irresponsibly and offered few immediate alternatives for fixing the country's growing housing crisis.
"John McCain has admitted he doesn't understand the economy as well as he should, and yesterday he proved it in giving a speech on the housing crisis," Obama told an auditorium of supporters.
Obama pointed out that McCain "said the best way for us to address the fact that millions of Americans are losing their homes is to just sit back and watch it happen. In his entire speech yesterday, he offered not one policy, not one idea, not one bit of relief to the nearly 35,000 North Carolinians who are forced to foreclose on their dreams in the last three months
http://ap.google.com/article/ALeqM5itzEFe8o5QDV0EFCZG6ZJDbJwdLQD8VL9OE00
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