FROM BARACK OBAMA'S WEBSITE AND NEWSLETTER:

Barack just finished an event in Elko, Nevada where he spoke about the financial crisis and his plan to fix the economy. Barack also talked about how John McCain is responding to the economic news and how he is still out of touch with ordinary Americans.

It’s been an interesting week for John McCain. It’s been really interesting to watch him respond to this economic news. His first reaction to this crisis on Monday was to stand up and repeat the line he’s said over and over and over again throughout this campaign – quote – “the fundamentals of our economy are strong.”

Now, his campaign must’ve realized that probably wasn’t a smart thing to say on the day of a financial meltdown, so they sent him back out a few hours later to clean up his remarks.

But it sounds like he got a little carried away, because yesterday, John McCain actually said that if he’s President, he’ll take on the – quote – “ol’ boys network” in Washington. I am not making this up. This is someone who’s been in Congress for twenty-six years – who put seven of the most powerful Washington lobbyists in charge of his campaign – and now he tells us that he’s the one who will take on the ol’ boy network. The ol’ boy network? In the McCain campaign, that’s called a staff meeting.

John McCain went on to say how angry he is at the greedy corporate interests on Wall Street. He’s so angry he wants to punish them with $200 billion in tax cuts. And if they’re not careful, he’ll give them even more tax cuts for shipping our jobs overseas.

I mean, where is he getting these lines? The lobbyists running his campaign? Maybe it’s Phil Gramm – the man who was the architect of the de-regulation in Washington that helped cause the mess on Wall Street, who also happens to be the architect of John McCain’s economic plan and one of his chief advisors. You remember Phil Gramm – he’s the guy who said that we’re just going through a “mental recession;” who called the United States of America a “nation of whiners.”

And then yesterday, John McCain’s big solution to the crisis we’re facing is – get ready for it – a commission. That’s Washington-speak for “we’ll get back to you later.” Folks, we don’t need a commission to figure out what happened. We know what happened. Too many in Washington and on Wall Street weren’t minding the store. CEOs got greedy. Lobbyists got their way. Politicians sat on their hands until it was too late. We don’t need a commission to tell us how we got into this mess, we need a President who will lead us out of this mess – and that’s the kind of President I intend to be.

Read Barack's full remarks as prepared for delivery...

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Barack Obama For President 2008 !!!