Watch CBSN Live

Obama Uses Economic News to Blast McCain

From CBS News' Maria Gavrilovic:

(GRAND JUNCTION, COLO.) - Barack Obama delivered one of the most forceful and challenging arguments against John McCain today, in a speech laced with sense of urgency and frustration over the past 8 years.

He used the Lehman Brothers and Merrill Lynch news to argue that the economy is only getting worse – describing it as the "most serious financial crisis since the Great Depression."

And although Obama did not fault McCain for the current problems, he blamed him for supporting the policies of the Bush Administration. Obama said McCain believes that the "fundamentals of the economy are still strong." To which he responded, "Senator – what economy are you talking about?"

Obama pounded on the podium and pointed his finger as he asked the crowd if they were willing to settle for another four years similar to the last eight.

"When you walk into that voting booth in 50 days - ask yourself can your family afford to take a chance on an economic policy that offers $200 billion in tax breaks to the biggest corporations including the oil companies but not one penny of relief to more than 100 million Americans. Because that's what Senator McCain is offering."

Obama also ripped into McCain for using his slogan "Change We Need" in his new ad released this morning. "Let me tell you something instead of borrowing my lines he needs to borrow some of our ideas," Obama said, "Change isn't about slogans it's about substance."

View CBS News In
CBS News App Open
Chrome Safari Continue