obama:"We are not standing on the brink of recession because of forces beyond our control," Obama told a town hall forum in Austin. "This was not an inevitable part of the business cycle. It was a failure of leadership in Washington — a Washington where George Bush hands out billions of tax cuts to the wealthiest few for eight long years, and John McCain promises to make those same tax cuts permanent, embracing the central principle of the Bush economic program."
here's what else obama had to say:
AUSTIN, Texas - Democratic candidate Barack Obama said Thursday the economy is "on the brink of a recession" and blamed economic policies espoused by President Bush and Republican presidential contender John McCain.
Obama mocked a more optimistic economic picture painted by Bush at a White House news conference just moments earlier: "People are struggling in the midst of an economy that George Bush says is not a recession but is experienced differently by folks on the ground."
For the second day in a row, Obama focused on the likely GOP nominee McCain and all but ignored Hillary Rodham Clinton's continuing campaign for the Democratic presidential nomination, although key Democratic primaries come up next Tuesday in Texas and Ohio. read rest msnbc