McCain TV: Channeling Bill Clinton (!?) to slam Dems in “Rein”

Using primary clips of Hillary Clinton to attack Obama is one thing. Slapping up video of Bill Clinton seemingly blaming Democrats for the fall of Fannie and Freddie - and thus the ensuing mortgage/credit crisis - in a new TV spot is just priceless.

The new spot, called “Rein” and said to be airing “nationally,” only mentions Obama once to criticize him for remaining “silent” during McCain’s push to regulate Fannie and Freddie. It’s more of a broad Dem hit piece, using paper clippings and the aforementioned ex-President to  hit Democrats for being complicit in the current financial crisis.

It just also happens to ignore GOP efforts to fight regulation on Wall Street and any government oversight of the very markets that have failed this month. But the Clinton insert is all that folks are talking about with this ad…

Script and video below.

ANNCR: John McCain fought to rein in Fannie and Freddie.

The Post says: McCain “pushed for stronger regulation”…”while Mr. Obama was notably silent.”

But, Democrats blocked the reforms.

Loans soared.

Then, the bubble burst.

And, taxpayers are on the hook for billions.

Bill Clinton knows who is responsible.

PRESIDENT BILL CLINTON: “I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.”

ANNCR: You’re right, Mr. President. It didn’t have to happen.

JOHN MCCAIN: I’m John McCain and I approve this message.

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