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McCain and Obama Continue Hammering Each Other on Economy

From CBS News' John Bentley:

(BLAINE, MINN.) – There's nothing quite like economic turmoil less than two months away from a presidential election to really bring out the attacks from both campaigns (or "differences in position," as the camps would have you refer to them).

At today's rally here, McCain repeated his accusations that Obama both profited and received guidance from people with ties to failed mortgage giants Fannie Mae and Freddie Mac (failing to mention, of course, that he, too, took money from Freddie and Fannie executives, and has advisers that once lobbied for them).

"Maybe just this once, he could spare us the lectures, and admit to his own poor judgment in contributing to these problems," McCain said about Obama. "The crisis on Wall Street started in the Washington culture of lobbying and influence peddling, and he was right square in the middle of it."

McCain says Obama doesn't have any ideas on how to fix the economy; the Obama campaign accuses McCain of stealing their ideas on the economy,

"John McCain looked like an out of touch and flailing candidate," said Obama spokesman Bill Burton. "He capped off an erratic week that started with him saying the fundamentals of our economy are strong, and ended with him recycling false, personal attacks and a bunch of ideas no different from what Barack Obama already proposed."

There may be similarities in what the two candidates have proposed in the past, but it doesn't appear Obama is offering any new policy prescriptions until the federal government offers up their ideas. "I will refrain from presenting a more detailed blueprint of how an immediate plan might be structured until I can fully review the details of the plan proposed by the Treasury and the Federal Reserve," he said.

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