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Obama Says McCain Puts Wall Street First

From CBS News' Maria Gavrilovic:

(INDIANAPOLIS) - Barack Obama continued to portray John McCain as out of touch with the working class, telling the crowd of 35,000 that he will stand up for them.

"Who's looking out for steelworkers? Who's fighting for carpenters? Who's fighting for teachers? Who's fighting for teamsters? That's the president I want to be," Obama said.

Several unions, including Carpenters for America and Teachers for America were at the rally, waving signs in support of the Democratic nominee.

Obama also said McCain supports cutting for company's who ship jobs overseas, accusing him of putting "Wall Street first, Main Street last."

"More tax cuts for job outsourcing. That's what Senator McCain proposed as his answer to outsourcing," Obama said, adding, "That's the kind of economic philosophy we've had for the past eight years – and that's fundamentally wrong."

In an interview on CNN yesterday, McCain argued that companies transfer overseas because taxes are lower, but that they would be more inclined to remain in the U.S. if they were paying less.

"To somehow allege that a company or corporation that can be international is not going to go where they pay the lowest taxes and can create the most jobs is just foolishness," McCain said, "The last time we practiced this kind of isolationism and protectionism that Senator Obama espouses on higher taxes was a guy named Herbert Hoover."