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October 21, 2008

Barack Obama Criticizes McCain’s Plan to Aid Homeowners
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At a rally in Tampa Bay, Florida, Barack Obama criticized John Mc Cain’s
plan to help homeowners facing foreclosure.

Sen. Barack Obama: “Now, the other week, Senator Mc Cain came out with a
proposal that he said would help ease the burden on homeowners by buying
up bad mortgages at face value, even though they’re not worth that much
anymore. So here’s the thing, Florida. His plan would amount to a $300
billion bailout for Wall Street banks. And guess what? It would be paid
for by all of you, the American taxpayer. And that might sound like a
good idea to the former bank lobbyists who are working on Senator Mc
Cain’s campaign, but that’s not the change America needs."



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