Clinton Campaign on Obama’s Economic Speech

As the Obama campaign talks up his economic plan and talks down Hillary Clinton’s ("Senator Clinton added a proposal to have a commission," said Obama economic adviser Daniel Tarullo in a conference call just now), the Clinton campaign releases a sharp response to Obama’s speech today. Not surprisingly, they are unimpressed.

Here’s the statement from Clinton campaign policy director Neera Tanden:

"Presidents have to do more than announce principles. They have to solve problems. At a time of crisis in our financial markets, Senator Obama announced a series of broad, vague principles, while offering no new concrete solutions to provide Americans with greater confidence in the market or keep them in their homes. The contrast could not be clearer – on Monday, Senator Clinton announced a detailed, specific plan to address the housing and credit crisis. On Tuesday, Senator McCain announced that he had no plan. And today, Senator Obama offered just words."

The release also offers what they call background on Obama’s day in New York (today, that is):

On Monday, the Obama campaign responded to Hillary unveiling a comprehensive plan to deal with the housing crisis by attacking her for taking contributions connected to subprime lenders. Campaign manager David Plouffe said: "If we’re really going to crack down on the practices that caused the credit and housing crises, we’re going to need a leader who doesn’t owe those industries any favors."

As it turns out, those were just words… Today, Senator Obama gives an economy speech followed by a fundraiser at – you guessed it – one of the top 10 issuers of subprime loans in America, Credit Suisse. In fact, Senator Obama has taken more money from the top 10 issuers of subprime loans than BOTH Senator Clinton and Senator McCain [].

– Obama has taken $1,180,103 from the top issuers of subprime loans. []
– Obama received $266,907 from Lehman. []
– Obama received $5395 from GMAC. []
– Obama received $150,850 from Credit Suisse First Boston. []
– Obama received $11,250 from Countrywide. []
– Obama received $9052 from Washington Mutual. []
– Obama received $161,850 from Citigroup. []
– Obama received $4600 from CBASS. []
– Obama received $170,050 from Morgan Stanley. []
– Obama received $1150 from Centex. []
– Obama received $351,900 from Goldman Sachs. []



Clinton Campaign on Obama’s Economic Speech