Flashback to 2008: DNC Uses McCain’s ‘Fundamentals’ Comment To Hammer Republicans On Financial Reform

April 20, 2010 2:00 a.m.

As Democrats prepare for a financial reform battle with Republicans, the Democratic National Committee this morning is going up on national cable television with an ad reminding voters about the 2008 election. The new 30-second spot stars none other than Sen. John McCain and a flashback to his “fundamentals” of the economy “are strong” line that Democrats played on an endless loop in the final weeks of the campaign.

“For years Republicans stood by while Wall Street ran wild,” the narrator says in the ad, obtained early by TPMDC.

Before replaying the the McCain line from September 2008, the narrator reminds voters of when the economy collapsed at the close of the campaign. That was a major factor in Barack Obama’s surge in the polls and eventual electoral victory. The spot goes after Senate Republicans who appear to be united against the bill backed by Obama and Democratic leadership, saying they are “working with Wall Street lobbyists to block reform” that would prevent the need for future bailouts.The strategy the DNC is going for with the ads is fairly simple — show voters the GOP has long opposed stricter oversight of Wall Street and that the GOP is still taking the side of banks instead of Main Street families, a Democratic source told TPMDC.

The source told me that the ad will run for the next two weeks, and is a followup to the 60-second ad they ran on the need for reform.


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