Obama mocks McCain's call to fire SEC chairman

ESPANOLA, N.M. (AP) -- Democratic presidential nominee Barack Obama promised new ideas Thursday to calm America's financial meltdown and help struggling families avoid mortgage foreclosure. He says "this is not a time for fear and it's not a time for panic."

Obama heaped criticism and sarcasm on John McCain, his Republican rival, and mocked his call to fire the head of the Securities and Exchange Commission.

Obama said Thursday: "In the next 47 days you can fire the whole trickle-down, on-your-own, look-the-other way crowd in Washington who has led us down this disastrous path. Don't just get rid of one guy. Get rid of this administration. Get rid of this bureaucracy."

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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