Obama: McCain Helped Create Current Energy Woes During Washington Tenure
Despite the news about mortgage giants Fannie Mae and Freddie Mac, whose share prices are in freefall, Sen. Barack Obama stuck to his planned script today, pledging, if elected president, an aggressive effort to reduce American dependence on foreign oil by investing in research on alternative fuels and relying more on nuclear, wind and other energy sources.
He said the energy ideas of his opponent, Sen. John McCain, such as a gas tax holiday and more offshore oil drilling, would do little to reduce prices at the pump immediately, a view shared by many economists.
"Now, a few days ago, Senator McCain said our dangerous dependence on foreign oil has been thirty years in the making, and was caused by the failure of politicians in Washington to think long-term about the future of the country," Obama said in a speech to several hundred at a school here. "The only problem is that out of those thirty years, Senator McCain was in Washington for twenty-six ."
McCain's campaign argues that Obama's energy proposals would not bring gas prices down at all, either. McCain has also pledged to work as president to increase use of alternative fuels, particularly nuclear power.
On the mortgage issue, while McCain told reporters yesterday "we cannot allow them to fail" of the two companies, Obama's campaign issued a careful statement through a spokesman.
"Senator Obama has long believed we should take all necessary steps to ensure affordable homeownership for millions of American families, and that includes an essential role for Fannie Mae and Freddie Mac," Obama spokesman Bill Burton said.
Despite the news about mortgage giants Fannie Mae and Freddie Mac, whose share prices are in freefall, Sen. Barack Obama stuck to his planned script today, pledging, if elected president, an aggressive effort to reduce American dependence on foreign oil by investing in research on alternative fuels and relying more on nuclear, wind and other energy sources.
He said the energy ideas of his opponent, Sen. John McCain, such as a gas tax holiday and more offshore oil drilling, would do little to reduce prices at the pump immediately, a view shared by many economists.
"Now, a few days ago, Senator McCain said our dangerous dependence on foreign oil has been thirty years in the making, and was caused by the failure of politicians in Washington to think long-term about the future of the country," Obama said in a speech to several hundred at a school here. "The only problem is that out of those thirty years, Senator McCain was in Washington for twenty-six ."
McCain's campaign argues that Obama's energy proposals would not bring gas prices down at all, either. McCain has also pledged to work as president to increase use of alternative fuels, particularly nuclear power.
On the mortgage issue, while McCain told reporters yesterday "we cannot allow them to fail" of the two companies, Obama's campaign issued a careful statement through a spokesman.
"Senator Obama has long believed we should take all necessary steps to ensure affordable homeownership for millions of American families, and that includes an essential role for Fannie Mae and Freddie Mac," Obama spokesman Bill Burton said.

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