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Obama, McCain clash over economy
Strain of campaign begins to show in second debate
by By Charles Babington/Associated Press

Wednesday, October 8, 2008
Democratic presidential candidate Sen. Barack Obama, D-Ill. right, and Republican presidential candidate Sen. John McCain, R-Ariz. are seen during the presidential debate at Belmont University in Nashville, Tenn., Tuesday, Oct. 7, 2008. (AP Photo/Jim Bourg, Pool)

Democratic presidential candidate Sen. Barack Obama, D-Ill. right, and Republican presidential candidate Sen. John McCain, R-Ariz. are seen during the presidential debate at Belmont University in Nashville, Tenn., Tuesday, Oct. 7, 2008. (AP Photo/Jim Bourg, Pool)

NASHVILLE, Tenn. — Barack Obama and John McCain clashed repeatedly over the causes and cures for the worst economic crisis in 80 years Tuesday night in a debate in which Republican McCain called for a sweeping $300 billion program to shield homeowners from mortgage foreclosure.

“It’s my proposal. It’s not Sen. Obama’s proposal, it’s not President Bush’s proposal,” McCain said at the outset of a debate he hoped could revive his fortunes in a presidential race trending toward his rival.

In one pointed confrontation on foreign policy, Obama bluntly challenged McCain’s steadiness. “This is a guy who sang bomb, bomb, bomb Iran, who called for the annihilation of North Korea — that I don’t think is an example of speaking softly.”

That came after McCain accused him of foolishly threatening to invade Pakistan and said, “I’m not going to telegraph my punches, which is what Sen. Obama did.”

The debate was the second of three between the two major party rivals, and the only one to feature a format in which voters seated a few feet away posed questions to the candidates.

They were polite, but the strain of the campaign showed. At one point, McCain referred to Obama as “that one,” rather than speaking his name.

“It’s good to be with you at a town hall meeting,” McCain also jabbed at his rival, who has spurned the Republican’s calls for numerous such joint appearances across the fall campaign.

They debated on a stage at Belmont University four weeks before Election Day in a race that has lately favored Obama, both in national polls and in surveys in battleground states.

Not surprisingly, many of the questions dealt with an economy in trouble.

Obama said the current crisis was the “final verdict on the failed economic policies of the last eight years” that President Bush pursued and were “supported by Sen. McCain.”

He contended that Bush, McCain and others had favored deregulation of the financial industry, predicting that would “let markets run wild and prosperity would rain down on all of us. It didn’t happen.”

McCain’s pledge to have the government help individual homeowners avoid foreclosure went considerably beyond the $700 billion bailout that recently cleared Congress. While he said bailout money should be used to help homeowners, the bailout legislation merely gave the Treasury Department authority to purchase mortgages directly.

“I would order the secretary of the Treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes at the diminished value of those homes and let people be able to make those payments and stay in their homes,” he said.

“Is it expensive? Yes. But we all know, my friends, until we stabilize home values in America, we’re never going to start turning around and creating jobs and fixing our economy, and we’ve got to get some trust and confidence back to America.”

McCain also said it was important to reform the giant benefit programs such as Medicare, Medicaid and Social Security.

“My friends, we are not going to be able to provide the same benefit for present-day workers that present-day retirees have today,” he said, although he did not elaborate.

The two men also competed to demonstrate their qualifications as reformers at a time voters are clamoring for change.

McCain accused Obama of being the Senate’s second-highest recipient of donations from individuals at Fannie Mae and Freddie Mac, the two now-disgraced mortgage industry giants.

Obama shot back that McCain’s campaign manager, Rick Davis, has a stake in a Washington lobbying firm that received thousands of dollars a month from Freddie Mac until recently.

Pivoting quickly to show his concern with members of the audience listening from a few feet away, he said, “You’re not interested in politicians pointing fingers. What you’re interested in is trying to figure out how is this going to impact you.”

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Posted by tigersfan on October 8, 2008 at 6:41 a.m. (Suggest removal)

Very one sided article, if you read this you would think that McCain won. Not the case what's so ever, Obama did a great job handling and answering the questions. My opinion Obama won hands down.

Posted by Orliandor on October 8, 2008 at 6:45 a.m. (Suggest removal)

It kills me how McCain keeps saying, "My friends". It reminds me of the con man in The Music Man. Oooh, and that smile.

Posted by tigersfan on October 8, 2008 at 6:54 a.m. (Suggest removal)

How many times did "my friends" come out of McCain's, has anyone found that on the internet yet? I think he started and ended every sentence with it.

Posted by MichaelH on October 8, 2008 at 7:03 a.m. (Suggest removal)

I'll have to agree with the, "my friends' thing. It's like bad acting in an old B-rated Mexican movie.

Again, neither party is getting my vote but if I were a betting man, I'd say Obama looked strong last night and once again, the McCain/Palin campaign is looking, and worse yet, sounding desperate.

Coupla characters these Republicans are.

"My friends, my friends we got to shore up the economy doncha know" :wink:

Posted by electionx on October 8, 2008 at 7:56 a.m. (Suggest removal)

would ask those commenting to check out McCain statement to us all those government watchdog units, which will show democrat spending...these probs we suffer now occurred over past two years when said party took over,not eight as accused. Am NOT convinced by either party whom yet to elect. Wonder perhaps that we do have too much government involvement in our lives. Know personally our family can't afford democrat politics, yet, on republican side,wonder if world war would ensue. Serious stuff this election.

Posted by missouri_mule on October 8, 2008 at 8:21 a.m. (Suggest removal)

I like the way that when the question was asked "Tell us what you don't know, and how you will learn it" was asked that Obama avoided the question, and went on rambling about something else!!

Is it just me, or did McCain talked and walked, and used hand gesters just like George Bush?

I think we are screwed either way this time!!!!

Posted by tigersfan on October 8, 2008 at 8:28 a.m. (Suggest removal)

He was exactly like GWB...the best part was at the very beginning when they said the first question comes from section A and Obama looked right over to the correct section but McCain was confused on where to look and his head was spinning around like a dog looking for its master.

Posted by sharpstyx on October 8, 2008 at 9:12 a.m. (Suggest removal)

Well i know who won the debate, and i know that there is a group of wignuts somewhere positively soiling themselves over mccains mortage solution. It sounded to me like he wants to buy everyone a house! I already have a house, so thanks but no thanks. the republican ticket is dying and they are desperately flailing and thrashing about willing to do anything to try and stop their downward trajectory. From flogging the dead horse ayres to this new mortage bailout stunt. Get ready for president obama. electionx can you afford to work till you are 80, thats what will happen if mccain has his way. thank you 'my friends'

Posted by njones60 on October 8, 2008 at 9:12 a.m. (Suggest removal)

The format of walking around and gesturing was a bit odd. They looked like talk show hosts. It felt like a battle between Phil Donahue and Montel Williams. I'm disgusted by both parties right now. I suggest others that are as unhappy with these two choices as I am check out Bob Barr. Check out his stance on the issues tab and let me know what you think...

http://www.bobbarr2008.com/?gclid=CITp0OXH3ZICFQ-9IgodEiSc6w

I've never voted outside of the "big 2", but I think this year I probably will. Just curious what others' thoughts are.

Posted by greatdepression2 on October 8, 2008 at 9:35 a.m. (Suggest removal)

Well my friends, My name is the great "Maverick", ask me any question, and I will do my best to skirt around it and answer it with "Obama knows nothing about this subject and I will fix everything" OMG I personally am so sick of his bragging of what he did 50 years ago, (Yes I am proud of any soldier) but is that all he has? I was in the military so I can fix everything attitude?

Posted by tigersfan on October 8, 2008 at 9:45 a.m. (Suggest removal)

njones- I checked him out and it's the same smoke everyone else is blowing. He has the same ideas as both Rep. and Dem. candidate, but we can't see how he would truly stand without letting him debate or giving him the needed press to campaign. This is where our election process faults in my opinion is not giving equal time to the independents as we do the 2 big parties, I say level the playing field. I would probably still vote for Obama anyway.

Posted by njones60 on October 8, 2008 at 11:21 a.m. (Suggest removal)

I agree, tigersfan. I was just surprised that I had never even heard his name until I looked at a copy of the ballot online. I've been told that voting for an independent is throwing my vote away, but I think Obama's got this one in the bag. If the other independent parties got 25% or 30% of the vote, instead of 5% maybe they will be taken more seriously next time around so we can actually have an opportunity to hear more about their plans.

Posted by Rockchalk on October 8, 2008 at 11:40 a.m. (Suggest removal)

njones-I consider myself more of a Libertarian than anything else and I would LOVE to vote for a Libertarian presidential candidate. Unfortunately, Barr has no chance of winning. I just don't think this is a year where I can "waste" a vote. I do wish he could have been a bigger part of the process, including the debates, but the Commission's rules are such that a third-party will almost never get to participate.

After watching the debate last night, I have to say its all over for McCain. While I don't think there was a clear winner, McCain really had to hit one out of the park and he did not do that. Even though this was supposed to have been his best venue, he looked stiff and uncomfortable and kept going back to the same talking points regardless of the question--energy, mortgage "buybacks" (even though he wants to freeze gov't spending) and the surge. Obama, while he didn't hit a home run either, handled the questions well and just came across more presidential.

Maybe more telling about the results is I don't see any comments from the usual McCain supporters here.

Posted by njones60 on October 8, 2008 at 12:01 p.m. (Suggest removal)

That's my point about wasting votes, rockchalk. I would have voted for McCain as a "lesser of two evils", so to speak. I thought he lost a lot of ground last night and has little chance of taking this election. Frankly, I'm tired of voting for the "lesser of two evils". I know Barr doesn't have a chance of winning, but maybe if he gets a larger portion of the vote, the Libertarian party will be heard next time.

Posted by Jude13 on October 8, 2008 at 12:23 p.m. (Suggest removal)

njones -- I agree completely. Barr may not have a realistic chance this year, but a strong voter turnout for him helps pave the way for a third party candidate in the future. Every presidential election I have been able to vote in, I have found myself not voting FOR a candidate, but rather, voting AGAINST a candidate. I've never voted FOR George Bush, but I have voted AGAINST Al Gore and AGAINST John Kerry. I decided after the last election I wasn't going to do that any more. I'm not going to vote for the other mainline candidate so that one I like least loses, but rather, I'm going to vote for the candidate I truly believe in, regardless if he has a realistic chance of winning or not. That's why I'm voting for Bob Barr in November.

Posted by Rockchalk on October 8, 2008 at 12:31 p.m. (Suggest removal)

Jude/njones--you're both right that third-party candidates won't get more exposure unless they get more votes. I applaud your voting on principle.

If you want a good profile of Barr and his positions, pick up this month's issue of Reason magazine. I just got my copy in the mail, but I don't think it's posted on-line yet. If you can find it on a newsstand, it's well worth it.

Posted by tigersfan on October 8, 2008 at 1:01 p.m. (Suggest removal)

Obama really took it after the debate he is now up 11 points on McCain, his largest lead thus far.

http://www.gallup.com/poll/111040/Gallup-Daily-Obamas-Lead-Over-McCain-Expands.aspx

Posted by Rockchalk on October 8, 2008 at 1:54 p.m. (Suggest removal)

Check out these projections of the electoral college:

http://www.fivethirtyeight.com/

Today's poll projects 345 electoral college votes for Obama (75 more than needed)--that's starting to move into landslide territory.

Posted by Topshape on October 8, 2008 at 2:09 p.m. (Suggest removal)

If the elction is already won by Senator Obama why have it. Use the money for those who took out Subprime Mortgages.

Posted by Notz on October 8, 2008 at 4:18 p.m. (Suggest removal)

Last night Obama looked & spoke presidential, but McCain looked very weird, huffing & puffing walking all over the stage. He was desperate sounding, with a huge condensending tone to his voice like he was speaking to a small child about why he has to do this or that to punish him/her.

It's over folks. Even the scare tactics they've resorted to start using, which were drudged up during the primaries (in which Obama was VETTED ALREADY) prove their desperation, & show the nation what they really care about.

McCain/Palin = Unstable/Unable

Posted by gr8fan on October 9, 2008 at 9:16 a.m. (Suggest removal)

With Acorn being partially funded by Obama, Obama should be winning this one easily with all the corrupt, falsified, fraud votes out there. Hopefully the FBI can eliminate the 14 year old and "cat" votes out there and the race will tighten up. I think it is amazing that the liberal media isn't talking about Acorn (including this paper). Thank God for Fox News. Check your polls again by the way......Most are in the 3% range....which I believe would fall within the error factors. Obama better pray that the Ayers ties to him and his ties to Acorn don't come out in the liberal media.

Posted by ninja_man on October 9, 2008 at 12:46 p.m. (Suggest removal)

maybe no ones talking about those things because there are more important issues out there than people like you trying to dig up dirt...

Posted by gr8fan on October 9, 2008 at 1 p.m. (Suggest removal)

Nice call ninja..NOT!
What's more important than the integrity of the man who is going to lead America? Corruption like this, is what put us in the economic position we are in. The only dirt being dug up, is being thrown over the integrity issues to hide what kinda guy this Obama character really is. The economy wasn't just a man named Bush's fault. Where were all the genius liberals fixing the problem? They only control the house and the senate. When the conservatives had the house and senate, we didnt have these problems. They are more interested in getting all their pork through on bills than helping America. Liberals want to point fingers? You should be pointing them in the mirror. Get rid of both parties and lobbyists and you'll solve the problem.

Posted by ninja_man on October 9, 2008 at 1:21 p.m. (Suggest removal)

i agree with your comment about getting rid of both parties and lobbyists and you'll solve the problem.. but that's never going to happen, at least not in my lifetime. and yes, you are just talking about dirt that was dug up! Obama and Ayers have ties, but they are on educational issues. Obama wasnt associated with the man when he was a radical back in the 60's...
and Obama's only tie with ACORN was that he represented ACORN in a succesful lawsuit alongside the U.S. Department of Justice against the state of Illinois to force state compliance with a federal voting access law. Obama received an award from the Independent Voters of Illinoise for enforcing the law.
all you're doing is letting the media spoon feed you this garbage, and you're believing it.

Posted by gr8fan on October 9, 2008 at 2:28 p.m. (Suggest removal)

Let us agree to disagree....If I were being spoon fed as you call it, I would think Obama was the messiah. The liberal media only brings out the good and not the bad. Ayers and Obama both have funding ties to ACORN. And you are correct that Ayers was wanting to blow the "rich man" up in the 60's, but he still has the same radical viewpoints today without the actions of the 60's. Sorry, but guilty by association. I'm sure Rev. Wright was only a racist against "the man" back in 60's as well. I'm sure the home purchase from slumlord Rezco was just conjured up as well. Obama has a long history of hanging with unsavory people, not, believe it or not, made up by the media.


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