McCain criticizes Obama for acting more like a politician than a leader

By JERUSALEM POST STAFF
Republican presidential nominee John McCain told an audience Sunday that Barack Obama behaved more like a politician than a leader, both on matters of national security and on last week's near-meltdown of the U.S. financial system. Addressing a meeting of the National Guard Association, McCain faulted Obama for not offering a plan to stabilize financial markets after a crisis in the mortgage industry led to the collapse of two investment banks and the government bailout of housing agencies Fannie Mae and Freddie Mac and insurance giant AIG. "At a time of crisis, when leadership is needed, Senator Obama has not provided it," McCain said. On Friday, Treasury Secretary Henry Paulson announced he would begin crafting a $700 billion federal takeover of the troubled financial sector. The same day, McCain laid out his own series of proposals for helping to stabilize the mortgage industry.