DNC - CNN Calls McCain's Economic Crisis Claim "Misleading"

Washington, DC - The Democratic National Committee today updated the Count the Lies counter after CNN called John McCain's false claim that Barack Obama has offered no plan for the financial crisis "misleading." In fact, not only has Senator Obama "voiced specific ideas about the bailout plan," but McCain's campaign has taken a "wait and see " stance similar to Obama's.

This article is at least the 63rd fact check to debunk McCain campaign lies since he promised to run a respectful campaign in February. Visit www.democrats.org/CountTheLies to see the updated Count the Lies counter.

CNN: McCain Claim on Response to Economic Crisis "Misleading." "At a town hall meeting Monday, September 22, in Scranton, Pennsylvania, Republican presidential nominee Sen. John McCain hit his Democratic rival, Sen. Barack Obama, on the financial crisis. 'Sen. Obama has declined to put forth a plan of his own,' McCain said. 'In a time of crisis, when leadership is needed, Sen. Obama has simply not provided it.' The Facts: Obama has said several times since the recent Wall Street meltdown that, in meeting with top economists, he was encouraged to not roll out a specific plan for fear of overly politicizing work of the Congress on a government bailout of financial firms. He has, however, offered ideas for the plan -- including limiting pay for executives of businesses that are bailed out by the government and making sure the effort includes a specific plan for the money to be repaid. Verdict: Misleading. Obama has voiced specific ideas about the bailout plan and McCain's campaign has taken a 'wait and see' stance similar to Obama's." [CNN, 9/22/08: http://politicalticker.blogs.cnn.com/2008/09/22/fact-check-has-obama-offered-no-plan-for-the-financial-crisis/ ]