6:00 PM PST Watching CNN debate coverage of town hall-style presidential debate in APU’s Student Union
6:10 PM McCain is asked for suggestions as to who would take over for Treasury Secretary Paulson. He suggests Meg Whitman, who is the former CEO of EBay. Point for McCain—he knows of EBay! Take that, critics who think he's "out of the loop!"
6:13 PM McCain addresses the issue of Fannie Mae & Freddie Mac. He accuses Obama and "his cronies" (minus a point for McCain—his choice in vocab dates him) for allowing Americans to purchase homes way beyond their means. Obama was the second highest recipient of Fannie Mae & Freddie Mac in history. McCain cites his vocal opposition to Fannie & Freddie. It's about time McCain brings up that point. Throughout the years, he has consistently spoken against Fannie & Freddie.
6:16 PM Obama claims he alerted Paulson that we were in a sub-prime lending crisis a year ago. So who had the insight? And why didn't Obama address McCain's accusation of benefiting from Fannie & Freddie? Sounds fishy to me.
6:19 PM McCain says, "We can fix our economy. Americans are the best workers in the world. We've got to give them a chance. They are the innocent bystanders in the biggest financial crisis in our time."
It’s interesting that both candidates blame each other. The Democrats resisted tighter regulation. The Republicans pushed for too much financial deregulation. But what about all those greedy Americans who insisted on spending beyond their means? We’ve got to take some individual responsibility for this mess. I don’t think we’re as innocent as we want to be.
6:20 PM "How can we trust either of you when both of your parties got us into this global economic mess?" A brilliant question, that won’t receive an honest answer.
Obama of course goes back to George W. (I'm amazed at how much he focuses on George. We all know he messed up. Move on. Stop capitalizing on someone's mistakes & come up with some creative ideas.) "I'm cutting more than I'm spending… Are our priorities working for you? We've got to put an end to lobbyists & special interests dictating public policy.” I find it hard to believe he’ll put an end to that.
6:29 PM McCain states we need to eliminate some government programs. We have to look at what programs aren't working. For example, defense spending (AMEN to that!). He recommends a spending freeze except for vital programs like defense, veteran's defense & others. Which others, I wonder? But I agree. It’s time to cut back on government & give that power to nongovernmental organizations.
6:35 PM Obama proposes doubling the Peace Corps, which is a bad idea. During his administration, Clinton introduced an initiative to send out 10,000 Peace Corps volunteers by 2000. And in 2002 Bush asked for the current Peace Corps to be doubled. Congress passed a\ budget increase at $325 million in 2004. Both presidents pat themselves on the back because they sent Americans out to help the less fortunate. However, this did nothing to solve the problem. As an accepted and potential Peace Corps volunteer, I’ve been informed that countries were receiving too many volunteers for their infrastructure to support and in turn, American Peace Corps volunteers were becoming bored & actually causing mischief--and thus harming the American reputation.
6:39 PM Obama says he wants to provide a tax cut for 95% of Americans. If you make less that $250000, you won't lose a dime. And if you make less than $200,000 you will receive a tax cut. Economic experts have said once retirees and those without children are factored in, only 81% of American will truly benefit from Obama's tax cuts. And my other question is, won’t that discourage productivity for those at an income level of $250,000? Why make $251,000 if you can avoid the extra tax and just make $250,000?
6:50 PM McCain voted against a Bush-Cheney bill currently on the floor with all kinds of "goodies for the oil company." But Obama voted for the bill. I’d be interested to see why.
6:54 PM McCain gets a few of the facts to his healthcare plan wrong. "The government will do this and the government will do that. I propose a $5,000 refundable tax credit for each American family to buy their healthcare," says McCain. Some things to note about his plan: It’s actually $2,500 per individual. Workers would be taxed on the value of any employer-paid health benefits, which would offset some of that credit. Experts have said a tax credit plan like this could cause companies to reduce health benefits for their employees.
7:02 PM McCain: "We don't have time for on the job training." --maybe one of the better sound bites of the night.
7:09 PM "Should America respect Pakistan?"
Obama: We have this situation in Pakistan because we went into Iraq before the job was finished in Afghanistan. It's important to end the War in Iraq & finish the job in Afghanistan. We have to change our policies in Pakistan. We can't coddle their dictator. He needs to expand our non-military aid so that they have more invested. If we have Osama bin Laden in our sight & Pakistan is unable or refuses to take him out, then we will go in. We will kill Osama and we will crush Al Qaeda. I agree with Obama on all of the above. However, it’s important that we don’t simply end Iraq, but that we finish what we started, no matter how corrupt it started. Unfortunately, our current president has put us in harm’s way and now we’ve got to clean up after him.
McCain: Teddy Roosevelt said, "Talk softly, but carry a big stick." Obama wants to talk loudly and carry a small stick. I can’t say which one is better. I feel safer with Roosevelt’s plan. But am wondering what’s morally right.
7:20 PM McCain reminds us that when he looked into Putin’s eyes, he “saw a K, a G, and a B.” Maybe it's time to drop that line…
7:26 PM "If Iran attacks Israel, will you wait for the UN Security Council or will you act on your own?"
McCain: We will obviously not wait for the UN Security Council. Russia & China would provide obstacles. Iran is not only a threat to Israel but the entire Middle East. Definitely a military answer.
Obama: We cannot allow Iran to have nuclear weapons. We will never take military action off the table. And we cannot provide veto power to the UN. If we can diplomatically blah blah blah... which doesn't answer the question. But I will agree with Obama, that we should have direct talks with not only our friends but also our enemies.
7:31 PM What don't you know? And how will you learn it?
Points for anyone who answers this correctly.
Obama: Ask Michelle.
McCain: The future.
Guess that’s a tie. And pretty indicative of the entire night.
2 comments:
Wow, very thorough there Jenna. And yeah, I'd hafta agree with you there on the tie. Although, I did like Obama's "Michelle" answer...both were definitely cop outs though.
Was that newspaper editor/writer guy your prof?
So much good stuff here, Jenna. Great job. Two things you wrote get gold stars from me. First, this:
"It’s interesting that both candidates blame each other. The Democrats resisted tighter regulation. The Republicans pushed for too much financial deregulation. But what about all those greedy Americans who insisted on spending beyond their means? We’ve got to take some individual responsibility for this mess. I don’t think we’re as innocent as we want to be." Like the take on individual responsibility.
Second, your point about simply increasing the Peace Corps won't necessarily help other countries. You should write more on that. I smell an editorial or a blog entry coming on.
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