New "Bipartisan" McCain Ad Blames Failures of Fannie Mae and Freddie Mac on Democrats

Melissa Merz's picture

U.S. Sen. John McCain is out on the campaign trail today in Des Moines. In an effort to sound presidential, he said, "Bipartisanship is a tough thing; never more so when you're trying to take necessary but publicly unpopular action. But inaction is not an option," according to CNN.

I guess bipartisanship doesn't include TV ads.

McCain has a new ad up today, and in the Arizona senator's new spirit of reaching across the aisle, the ad blames the Democrats and U.S. Sen. Barack Obama for allowing Fannie Mae and Freddie Mac to deteriorate to the point that the U.S. government had to take them over (thus sparking one of the flames that has set Wall Street ablaze).

Funny. McCain's ad doesn't mention that Fannie Mae paid $15,000 a month from the end of 2005 until just last month to a company owned by McCain campaign manager Rick Davis before it went under. Nor does it mention that McCain said recently that Davis had no involvement with the company for several years. Wrong.

The new McCain ad includes a special cameo (probably not willingly) by former President Bill Clinton. You can watch it here.


The GOP is calling for a

The GOP is calling for a nonpartisan investigation into this mess.  It's about time!  You can't have those who are at part resposible for the financial crisis conducting the hearings!  This ad is excellent.  Democrats are resistive to having bipartisan hearings as they have a large role in the financial crisis.  The ad is accurate, and it's about time for people to take responsibility!

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