LEGISLATIVE PASSIVITY…. Borrowing a page from Hilzoy’s playbook, The Hill’s Bob Cusack had an interesting idea — check to see how many housing- and banking-related bills John McCain and Barack Obama have introduced over the last couple of years.
Apparently, it’s a shutout.
Republican presidential nominee John McCain has not introduced any banking or housing bills in the 110th Congress, while Democratic rival Barack Obama has proposed five. […]
McCain is the lead sponsor of 38 pieces of legislation during the 110th Congress, none of which have been referred to the Banking panel, according to a review of Thomas, a congressional website.
Obama has introduced 130 measures during this Congress. Five of Obama’s standalone bills fall within the Banking Committee’s jurisdiction.
Obama’s legislation calls for bolstering housing assistance for veterans, amending the Securities and Exchange Act of 1934 to provide shareholders with an advisory vote on executive compensation, halting mortgage transactions that promote fraud, authorizing local and state governments to crack down on companies that invest in Iran’s energy sector and authorizing a pilot program to prevent at-risk veterans from becoming homeless.
McCain has said repeatedly of late that he’s been warning about a looming crisis. If so, why hasn’t he offered any legislative remedies on housing or banking?