HEMPSTEAD, N.Y., Oct. 16, 2008
McCain And Obama Slug It Out
Candidates Clash On Economy, Taxes, Energy Policy And Character In Lively Final Debate
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The Final Debate, Pt. 1
During the first half of the final 2008 presidential debate, John McCain and Barack Obama dispute economic policies. CBS' Bob Schieffer serves as the moderator at Hofstra Univ. in Hempstead, N.Y.
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"Joe The Plumber" Reacts
"Only On The Web:" The candidates said his name more than half a dozen times during the debate and Katie Couric got a chance to speak with Joe Wurzelbacher, A.K.A "Joe The Plumber."
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Mark Halperin's Two Cents
"Only On The Web:" Time Magazine's Mark Halperin spoke with Katie Couric about the candidate's performance on the final presidential debate.
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Democratic presidential candidate Sen. Barack Obama, D-Ill., greets Republican presidential candidate Sen. John McCain, R-Ariz., at the start of the presidential debate at Hofstra University in Hempstead, N.Y (AP)
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Moderator Bob Schieffer of CBS News (AP)
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Democratic presidential candidate Sen. Barack Obama, D-Ill., left, speaks as Republican presidential candidate Sen. John McCain, R-Ariz., listens during their presidential debate at Hofstra University in Hempstead, N.Y., Wednesday, Oct. 15, 2008. (AP)
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Democratic presidential candidate, Sen. Barack Obama, D-Ill., left, and Republican presidential candidate Sen. John McCain, R-Ariz., are shown on television screens at the media filing center during the final presidential debate held at Hofstra University in Hempstead, N.Y, Wednesday, Oct. 15, 2008. (AP)
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CBS Evening News
Where They Stand
The CBS Evening News provides an in-depth look at the issues facing the 44th president.
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CBS Evening News
Presidential Questions
Katie Couric asks Barack Obama and John McCain questions of politics, policy and character.
McCain took an aggressive approach, but once again, neither man landed a knockout punch nor committed a major gaffe.
"John McCain turned in an energetic, focused and, at times, emotional performance," said CBSNews.com senior political editor Vaughn Ververs. "But he needed something more in order to change the underlying dynamics of this race. Obama was solid, on-message and mostly mistake free, likely stunting any major gains for the Republican. McCain may have righted the ship to some extent, but time is running out for him to make up ground." (Read Ververs' full analysis of the debate)
A CBS News instant poll of uncommitted voters who viewed the debate gave the edge to Obama by a margin of 53-22 percent. Twenty-five percent said the debate was a draw. Uncommitted voters also thought Obama won the first and second debates.
Before the debate, 54 percent thought Obama shared their values. That percentage rose to 64 percent after the debate. For McCain, 52 percent thought he shared their values before the debate, and 55 percent thought so afterwards. (Read the full poll.)
The crucial encounter began with an exchange on the economy. Both men said the $700 billion bailout was not enough.
McCain said Americans are hurting and they're angry. He said they are the innocent victims of greed on Wall Street. McCain said, "We've got to put the homeowners first."
Obama said what the nation hasn't seen yet is a rescue plan for the middle class. He said the top focus should be on jobs.
As the debate unfolded, McCain accused Obama of waging class warfare by advocating tax increases designed to "spread the wealth around." The Democrat denied it, and countered that he favors tax reductions for 95 percent of all Americans.
"Nobody likes taxes," Obama said in an exchange early in the third and final presidential debate of a campaign nearing its end. "But ultimately we've got to pay for the core investments" necessary for the economy.
"If nobody likes taxes, let's not raise anybody's, OK?" McCain retorted with a laugh. (Read the full debate transcript)
The 90-minute debate at Hofstra University focused on the economy and domestic policy. The candidates were seated at a table with moderator Bob Schieffer, CBS News' chief Washington correspondent.
McCain, eager to stress his differences with an unpopular president, also said he was disappointed that the Bush administration has not embraced his $300 billion proposal to renegotiate mortgagees so homeowners can remain in their homes.
"Sen. Obama, I am not President Bush," he declared at another point. "If you wanted to run against President Bush, you should have run four years ago."
Obama said he agreed the government must help homeowners trapped in the current economic crisis, but he said, "The way Sen. McCain has designed his plan, it could be a giveaway to banks."
The two men also traded charges that departed from the core issues of the economy, energy and taxes.
"One hundred percent, John, of your ads, 100 percent of them have been negative," Obama told his rival, seated only a few feet away at a round table.
"That's not true," McCain retorted.
"It is true," said Obama, seeking the last word.
McCain is currently running all negative ads, according to a study by the University of Wisconsin-Madison. But he has run a number of positive ads during the campaign.
Behind in the polls, McCain played the aggressor early and often.
He demanded to know the full extent of Obama's relationship with William Ayres, a 1960s-era terrorist, the Democrat's ties with ACORN, a liberal group accused of violating federal law as it seeks to register voters, and insisted Obama disavow last week's remarks by Rep. John Lewis, a Democrat, who accused the Republican ticket of playing racial politics along the same lines as segregationists of the past.
Obama returned each volley, and brushed aside McCain's claim to full political independence.
"If I've occasionally mistaken your policies for George Bush's policies, it's because on the core economic issues that matter to the American people - on tax policy, on energy policy, on spending priorities - you have been a vigorous supporter of President Bush," he said.
Asked about running mates, both presidential candidates said Democrat Joseph Biden was qualified to become president, although McCain qualified his judgment by adding the words "in many respects."
McCain passed up a chance to say his own running mate, Alaska Gov. Sarah Palin, was qualified to sit in the Oval Office, though he praised her performance as governor.
Obama sidestepped when asked about Palin's qualifications to serve as president, and he, too, praised her advocacy for special needs children.
But he quickly sought to turn the issue to his advantage by noting McCain favors a spending freeze on government programs.
"I do want to just point out that autism, for example, or other special needs will require some additional funding if we're going to get serious in terms of research. ... And if we have an across-the-board spending freeze, we're not going to be able to do it," he said.
In addition to differences on taxes and spending, McCain said Obama advocated trade policies that recalled those of Herbert Hoover, who presided over the start of the Great Depression.
Obama has called for tougher provisions in trade negotiations, arguing that is necessary to avoid undercutting the wages paid American workers.
McCain also said Obama has aligned himself with "the extreme aspect of the pro-abortion movement in America" and had voted present while in the Illinois Legislature on a measure to ban one type of procedure late in a woman's pregnancy.
Obama said the bill would have undermined Roe v. Wade, the Supreme Court ruling that granted abortion rights, and had been opposed by the Illinois Medical Society.
"I am completely supportive of a ban on late-term abortions, partial-birth or otherwise, as long as there's an exception for the mother's health and life, and this did not contain that exception," he added.
McCain sarcastically paid tribute to "the eloquence of Senator Obama. He's (for) health for the mother. You know, that's been stretched by the pro-abortion movement in America to mean almost anything."
McCain's allegation about class warfare stemmed from one of Obama's campaign appearances last weekend.
In Ohio on Sunday, Obama was approached by a man who said, "Your new tax plan's going to tax me more."
A video clip caught by Fox News shows Obama replying, "It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance at success, too. And I think that when we spread the wealth around, it's good for everybody."
McCain referred repeatedly to that voter, Joe Wurzelbacher, a plumber from Toledo, Ohio.
After the debate, CBS News anchor Katie Couric talked with Wurzelbacher, who was repeatedly called "Joe The Plumber" by the candidates. He said the experience was "surreal."
"Surreal's a good word to use for it," Wurzelbacher said on the CBSNews.com Debate Webcast. "It was - you know, I was glad I was able to act as some type of point, you know, to where they could sit there and hammer out what they both think, what they want to say. But ultimately, you know, the important part was the debate." (Read more of Couric's interview with "Joe The Plumber")
Obama entered the debate with a wide lead over McCain nationally, a new CBS News/New York Times poll shows. The Obama-Biden ticket now leads the McCain-Palin ticket 53 percent to 39 percent among likely voters, a 14-point margin, according to the poll.
© MMVIII, CBS Interactive Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.






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See all 1536 CommentsHey McCain--you''ll be walking in unfamiliar territory tonite---you''ll need a ladder to climb up from the low road and tell the country what you know and answer some hard questions!
I had the chance to research Ayers and as a young protester in the 70 (as was I), he and the Weatherman went too far, their motives were PURE AND RIGHT. All they wanted was to STOP THE VIETNAM WAR. No one would LISTEN and Nixon was on a power trip (like Baby Bush) and he had something to prove.
Hooray that Obama is free thinking and peace loving enough to embrace the radicals of the 70''. Because he understands Ayer (and us) I support Obama EVEN MORE THAN I DID BEFORE.
HE WILL END THE WAR! VOTE OBAMA -08
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Posted by BO_SBD at 10:04 AM : Oct 15, 2008
Actually, its the Repubs who are crying like little babies. The Dems are winning.
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Posted by I_AM_DJ
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Yes it is time to leave your fantasy world liberal.
Otherwise, leading by a relatively wide margin in every poll and swing state, unless Obama dances around in a devil suit pitchforking babies at this last debate, I think he''s won.
I agree there will be little mud in the final debate.
Bob Schieffer is well known and respected and will make a fine moderator in the last debate. The other two were also very good picks.
Look at this:
NM 10/13 Obama +23%
OH 10/13 Obama 18%
Again -- these are VOTES.
Wow.
----
Good news. It''s going to be a landslide.
My friends, John McCain is too old!
Actually dude, if you really want the fair and balanced you should listen to Limbaugh and Hannity on the AM radio. They really deliver the unbiased news!
LOL!
Since he promised to make the RICH pay the middle class taxes - I look forward to more money in the next couple of years.
Of course - if he does not come through - it will be his harbinger during the next election.
///////// SEN DODD belongs IN JAIL ?? ?????
We need a full investigation of Sen Dodd and Barney G. Frank. No banks want to give losing loans, unless forced to by the govt. Over 5 million illegal aliens had gov''t HUD loans !!
I would like to see CBS investigate, and not be intimidated.
We need to elimintate the independents and others voting in party primaries. Rep. did not even want MC Cain ! that is why he is in the "middle", and fuzzy. Who nominated him anyway, when we had potential stronger candidates such as Mayor G. and many others.
Please, change the system back to allow only Rep and Dem vote in their own primaries !!!
The Republicans(including Palin)keep referring to ACORN as voter fraud. Let''s set the record straight, it is voter registration fraud. Big difference their. ACORN workers get paid by how many people they register in hence Tony Romo gets registered in Nevada. Now does Tony Romo vote in Nevada...no. When people vote they still have to show it is indeed them so how many of these bogus people show up to vote? Probably none. McCain even gave a speech at a ACORN event in 2006 praising them. Obama was involved with them 13 years ago as a lawyer.
I myself hope that McCain brings up these issues. He knows that if he does they will be taken off the table and he will no longer have them to use anymore. Then what does he have? I think the American people are more worried about how we are going to get out of this mess than ACORN or Ayers. I know for one I am.
Rep. Lewis''s statement is clear about what he wanted to accomplish--that McCain''s campaign rallies not continue to incite the crowd to hatred with a prospect of creating social unrest and schism. That is a timely warning, McCain''s self-righteous indignation notwithstanding. Lewis simply stated the truth which many in the McCain camp (and some in the media) may not want to hear; but it is a statement of wisdom. He said: %u201CGeorge Wallace never threw a bomb. He never fired a gun, but he created the climate and the conditions that encouraged vicious attacks against innocent Americans who were simply trying to exercise their constitutional rights." Lewis%u2019s concern was about %u201Ccreating an atmosphere of hatred.%u201D He was not saying that McCain was doing many of the nasty things that Wallace did in his life. No objective observer would dispute the fact that hatred was being stirred at McCain-Palin rallies by words%u2014words by some supporters and by the candidates themselves. In Western European democratic systems, McCain and Palin and Co. open themselves up for a charge of incitement to hatred. What would they say for their defense should any danger or harm result from the way they have been conducting this campaign? That is what Lewis''s warning is all about!
How can we? When your first wife was screwed, you left her! How can we give you country?
He has already lost the indepedents and moderates. What few voters haven''t made up their minds yet will hardly be impressed if McCain, instead of sticking to the issues and proposing solutions, wallows in the gutter with Rovian style smears.
Posted by maakahill
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I''m voting democrat this time because I believe in the principles outlined in the constitution that republican administration believes can be pushed aside "for the good of the people during tough times". It is the tough times for which the constitution applies most, republicans don''t seem to understand this. Nixon, Reagan, Bush... The all believe that the law didn''t apply to them. I am sick of it...
This list of potential October Surprises the by McCain camp was leaked earlier today:
1) Have Palin insist they already won the election.
2) McCains suspends campaign twice a week just to **** off Letterman.
3) Release ad attacking Obama for fathering not one, but two black children.
4) Sarah plays Crazy Train on her flute onstage with Ozzy as last ditch effort for the "Ozzfest" vote.
5) Borrow Cindy''s jet and invade Canada, just to prove he really is a "maverick".
5) New campaign slogan: "F*** it!"
6) McCain insists on wearing a blue tie, in an attempt to steal another of Obama''s signatures.
7) State that Putin was spotted over Alaska''s airspace shaking his fist at us.
8) Find the switch for the internet and turn it off as a diversion.
9) Actually switch over to a Palin / McCain ticket, admitting Palin''s judgment is better.
10) Have McCain hold the shotgun at Bristol''s wedding.
Posted by truthislife1 "
There are many factors which make people vote for Sen. Obama.
However, if your point is that McCain is not a good orator, I agree.
I would like to see CBS investigate, and not be intimidated.
Posted by hamiltonGRAD
And wouldn''t you know--we''re paying 10 billion a month for a Bush manufactured war in Iraq,
We owe China and Saudi Arabia over 500 billion
and now the government wants the taxpayers to "bail out" the banks--that comes to about $7000 per taxpayer.
The taxpayers aren''t getting "bailed-out" we get a $600 stimulus check--for many that covered groceries, food and electricity for a month.
I certainly hope whoever gets elected--they conduct a full investigation of this current government.
Well I can hope--we all know McCain won''t investigate a thing and just concentrate on how we can have a never ending war.
I pledge alliance to the flags of the divided States of Obamerica. And to the socialist values, from which it falls, two nations under Barrack H. Obama, divisible, with constraint and total & complete fairness to all.
Posted by dudeplayfair at 10:57 AM : Oct 15, 2008
Great list! Did you write it?
Signed,
Minnie, Goofy, and Pluto.
The deductable for a political candidate is $50K plus $3 per voter
All electronic donations, no matter how small, are to be reported. Cash/Check/Barter donations are per existing rules.
The tax rate on excess campaign contributions is the highest marginal rate for personal or corporate taxpayers. Raise the top rate on individuals, and the rate rises for excess campaign contributions.
DISCUSSION
The fixed deduction helps candidates in local races avoid being killed by fixed overhead. Large-state candidates can reach their larger voter base. This is an improvement on McCain-Feingold because it does a better job of stopping the "buying" of elections.
CONCLUSION
Income redistribution need not be directed only at the productive workers and successful managers in our society. It''s time for the politicians to come under the same social rules they impose on others.
Most office-seekers won''t pay a dime of this tax.
Let''s see if Obama REALLY means it.
The private sector, not the government or government-backed companies, was behind the soaring subprime lending at the core of the crisis.
Federal Reserve Board data show that:
* More than 84 percent of the subprime mortgages in 2006 were issued by PRIVATE lending institutions.
* PRIVATE firms made nearly 83 percent of the subprime loans to low- and moderate-income borrowers that year.
* Only ONE of the top 25 subprime lenders in 2006 was directly subject to the housing law that''s being lambasted by conservative critics.
Hamilton Grad? I guess you couldn''t get into a decent school.
Let''''s see if Obama REALLY means it.
Posted by satch89450 at 11:15 AM : Oct 15, 2008
Which "Office-seekers" are you referring too? Certainly ISN''T Obama!
What would Obama do as President?
Posted by maakahill
Can you read?? Good, rather than me repeat it here, why don''t you go to Obama''s web site, his proposals are spelled out !!! If you are too lazy to do that ,maybe you should just stay home on election day!
I pledge alliance to the flags of the divided States of Obamerica. And to the socialist values, from which it falls, two nations under Barrack H. Obama, divisible, with constraint and total & complete fairness to all.
Posted by changeisgoo2 at 11:06 AM : Oct 15, 2008
Oh PLEASE!! This is NOTHING but PURE, no doubt about it FASCISM Sparky!! It appears to me that this nation IS coming together behind this VERY intelligent YOUNG Man. My guess is he will have approval as high, maybe higher, than Clinton.
Vote all inbumbants OUT !! We need change in that way !
Posted by dudeplayfair at 10:57 AM : Oct 15, 2008
Great list! Did you write it?
Posted by joker1944"
All except 3 and 5, which I borrowed from a friend.
Thanks! Feel free to use and share the list. I''ll post it again here in a minute in case others want it.
This list of potential October Surprises the by McCain camp was leaked earlier today:
1) Have Palin insist they already won the election.
2) Suspend campaign twice a week just to **** off Letterman.
3) Release ad attacking Obama for fathering not one, but two black children.
4) Sarah plays Crazy Train on her flute onstage with Ozzy as last ditch effort for the "Ozzfest" vote.
5) Borrow Cindy''s jet and invade Canada, just to prove he really is a "maverick".
5) New campaign slogan: "F*** it!"
6) McCain insists on wearing a blue tie, in an attempt to steal another of Obama''s signatures.
7) State that Putin was spotted over Alaska''s airspace shaking his fist at us.
8) Find the switch for the internet and turn it off as a diversion.
9) Actually switch over to a Palin / McCain ticket, admitting Palin''s judgment is better.
10) Have McCain hold the shotgun at Bristol''s wedding.
Posted by hclinton2012
Again this just proves my point on my previous post. Voter fraud and voter fraud registration are two entirely different things. Do your research. ACORN registers people, they cant vote for them. The workers in some cases are are sitting home taking names out the white pages and turning them in so they they can get a bigger paycheck. Is it right? Of course not. Is Obama stealing the election this way? I dont think so. Regardless of the fact Mickey Mouse still has to show up to vote and present I.D.
Timmons was a lobbyist for Saddam Hussain, his job was to get the U.S. and other countries to back off on the sanctions and no-fly zones. The two lobbyists who Timmons worked closely with over a five year period on the lobbying campaign later either pleaded guilty to or were convicted of federal criminal charges that they had acted as unregistered agents of Saddam Hussein''s government.
Obama met Ayres and worked on a charity foundation in Chicago since they lived in the same neighborhood, but Obama didn''t hire him to run his campaign!
Posted by dexman5 at 11:23 AM : Oct 15, 2008
You are very correct! In this state they MUST turn in the forms EVEN if they believe they aren''t correct... IT''s the LAW in this state. But when you are as Desperate as the Reich, hey you throw anything at the wall... at this point ANYTHING and it WILL get worse in the next few weeks.
Colorado 49.0 44.0 Obama +5.0
Ohio 48.9 45.5 Obama 3.4
Florida 49.6 44.8 Obama 4.8
Nevada 49.2 46.2 Obama 3.0
Missouri 49.0 46.8 Obama 2.2
Virginia 50.6 44.1 Obama 6.5
I think Obama''s lead will get a little smaller as we approach election day, but I believe that if Obama only wins just 1 or 2 of these states there is no mathematical way McCain can win.
Posted by Credibility2 at 11:25 AM : Oct 15, 2008
Now YOU are sure painting the American People to be very stupid aren''t you. THAT is NOT what they say and they ARE listening. They were duped into electing the WORST President in our history by the SAME methods you are NOW trying to use yet again. The PEOPLE are simply saying your personal attacks and "Swift Boating" will NOT work this time. MAYBE you should start EXPLAINING why YOU and YOUR party took a Balanced Budget and Surplus and turned it into a mess the likes of which most of us have never seen before??
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