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Obama calls for financial regulations, stimulus


Posted: Mar 29, 2008 at 2359 hrs IST
Updated: Mar 29, 2008 at 2359 hrs IST

effort to unite Republicans behind his candidacy, McCain campaigned in Utah with former Massachusetts Gov. Mitt Romney , who pulled out of the Republican presidential race in February.

“He is a man who is proven and tested, an individual who is without question the right person to be the next president of the United States,” said Romney, who has roots in Utah.

Clinton, who would be the first woman president, called last week for a $30 billion emergency fund to help ease the housing crisis. An estimated 4 million American homeowners are in danger of losing their houses.

“If Sen. Obama has to copy policy ideas when he’s a candidate on the campaign trail, how is he going to solve people’s problems if he’s president?” said Clinton campaign policy director Neera Tanden.

“When it comes to fixing the economy, we need leadership, not ‘followership.’”

Clinton turned her fire on McCain in an economic address in Raleigh, North Carolina, saying he had supported “virtually nothing” to ease the current crisis.

While describing McCain as “a friend of mine,” Clinton said: “He’d rather ignore the credit crisis and mortgage crisis — or blame middle-class families — instead of offering solutions on their behalf.”

McCain, who gave an economic address on Tuesday, said he was “committed to considering any and all proposals” to help homeowners but that he opposed a “multibillion-dollar bailout for big banks and speculators.”Reuters

Former Hewlett-Packard chief executive officer Carly Fiorina, an economic adviser to McCain, accused Obama and Clinton of “politics of the worst sort.”

“Both of them are rather vague on specifics but they do borrow from the principles John McCain has already laid out,” Fiorina said.

Obama was introduced by New York Mayor Michael Bloomberg, whose plans to have a role at the event prompted speculation he would endorse Obama. But he did not.

Reuters...

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