Obama Camp Response to McCain’s Mortgage Crisis Statement

Obama campaign spokesman Bill Burton: “In his continuing struggle to understand the economy better, John McCain attempted a do-over on his economic speech today that still offers not one single idea or proposal to help struggling homeowners. The truth is, John McCain’s on-your-own approach to our housing crisis promises nothing more than a third term of George Bush’s failed policies. Barack Obama has offered a detailed plan that’s not a bailout for borrowers and lenders who’ve acted irresponsibly, but a fair solution that asks all sides to sacrifice and helps millions of homeowners re-finance their mortgages so that they can stay in their homes. At a time when so many families are struggling, that’s the kind of leadership the American people expect from their next President.”