Source:
Yahoo A/PDES MOINES, Iowa - A leading Republican moderate with a foreign policy background endorsed presidential candidate Barack Obama on Tuesday as the Democrat sought to show his appeal to members of both political parties.
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Former Rep. Jim Leach of Iowa was among Republicans the Obama campaign said were crossing party lines to support Obama. The Illinois senator's campaign said he was also being backed by the Republican mayor of Fairbanks North Star Borough, Alaska, Jim Whitaker. The campaign did not release the names of other GOP supporters or the size of the group.
"I'm convinced that the national interest demands a new approach to our interaction with the world," Leach, a foreign service officer before being elected to Congress, said in a conference call with reporters.
Leach predicted that many Republicans and independents would be attracted by Obama's campaign but said his decision to endorse a Democratic presidential candidate for the first time wasn't easy.
Read more:
http://news.yahoo.com/s/ap/20080812/ap_on_el_pr/leach_obama_endorsement
See these links about this endorsement:
Jim Leach endorses Obama
"It's been a very difficult thing for me because I've never endorsed a Democrat before...but sometimes in life you come to a juncture where it's very clear the national interest trumps party discipline," former Iowa Congressman Jim Leach said in a noontime interview with Radio Iowa. Read more below.
Two updates below provide links to audio of Leach talking about his decision.
http://learfield.typepad.com/radioiowa/2008/08/jim-leach-endor.html------------------------------------------------------------------------------------------------------
McCain Response to Rep. Leach’s Obama Endorsement:
As Obama receives an endorsement today from former Congressman Jim Leach, you might want to ask about Obama’s attacks calling Leach’s deregulation bill (Gramm-Leach-Bliley) a lobbyist-driven deal that led to the subprime lending crisis…
Leach Co-Authored The Gramm-Leach-Bliley Act Which Obama Blames For The Subprime Lending Crisis:
Leach Was The Co-Author Of The Gramm-Leach-Bliley Act, Which Repealed The Glass-Steagall Act And Allowed Competition Between Commercial And Investment Banks And Insurance Companies. (S. 900, Signed 11/12/99)
Obama Has Attacked The Gramm-Leach-Bliley Act As A Lobbyist-Driven Deregulation That Led To The Subprime Lending Crisis. Obama: “By the time the Glass-Steagall Act was repealed in 1999, the $300 million lobbying effort that drove deregulation was more about facilitating mergers than creating an efficient regulatory framework. … The regulatory environment failed to keep pace. When subprime mortgage lending took a reckless and unsustainable turn, a patchwork of regulators were unable or unwilling to protect the American people.” (Cheyenne Hopkins, “Regulatory Revamp Newest Plank In Obama’s Platform,” American Banker, 3/28/0
http://thepage.time.com/mccain-response-to-rep-leachs-obama-endorsement/:rofl: AS IF Obama begged for this guy's endorsement! :rofl: