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Blame and Burden

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The New York Times is reporting Republican presidential candidate John McCain released an advertisement this morning that "blames liberal Democrats for the sub-prime mortgage crisis, and, in giving them a traditionally Republican label, blames them for pushing “deregulation.” Meanwhile, the Obama campaign released a video earlier this week attacking McCain's plan to rescue American homeowners--the video shows McCain at Tuesday's debate saying, "I would order the Secretary of the Treasury to immediately buy up the bad home loan mortgages in America." According to the Obama campaign, McCain would shift the burden from lenders to taxpayers. [NY Times/]