John McCain’s campaign is now piling on more misrepresentation. According to the Boston Globe…
The McCain campaign yesterday launched an ad that questioned Obama’s ability to deal with the crisis. Obama has “no background in economics,” the ad said. It quoted the Washington Post as saying that Franklin Raines, a former top executive of Fannie Mae, had advised the Obama campaign on housing and mortgage issues. The ad then said that Fannie Mae, the quasi-government mortgage company, committed extensive fraud under Raines, who “made millions” and stuck the taxpayers with the bill.
They’re trying to make it sound as though Raines was a key policy adviser. This comes from McCain, the guy who had Phil (“nation of whiners”) Gramm as his “economic brain”!