Debate analysis: Both men improve, McCain wins on points
posted at 11:00 pm on October 7, 2008 by Ed Morrissey
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The second presidential debate goes into the record books, and this time both men managed to stick closer to their game plans. Barack Obama rid himself of the “John is right” tic that appeared in various forms almost a dozen times in the first debate. John McCain gave a much more focused response on economic issues. In the end — literally, in this case — McCain prevailed on his strength on foreign policy and national security.
Obama improved from the first debate. He kept his voice even and didn’t get as rattled. Last time, Obama’s voice kept pitching higher when McCain attacked him, and he spent most of the evening defending himself. This time, Obama stuck to his own agenda, only getting flustered once after a McCain attack, and stumbling when Tom Brokaw shut him down, invoking the debate agreement between the two camps.
McCain also improved, most clearly in the economic debate. This time he hammered Obama on Fannie Mae and Freddie Mac and challenged the assumption that “deregulation” caused the financial crisis. He looked more confident and spoke more clearly on that subject, and didn’t get nearly as deep into populist blather as in the first debate. On health care, he offered a strong endorsement of free-market principles and providing choice to consumers. (In fact, I think both candidates did very well on health care, with Obama and McCain making the clearest pitches for their approaches than on any other subject.)
McCain did somewhat better on entitlement reform than Obama did. Unfortunately, the question came as more of a follow-up than a separate topic, but McCain offered details and substantive proposals, while Obama talked about spending even more money on a series of new entitlements. McCain also used that to underscore his credentials as a bipartisan agent of change, and noted that Obama has none at all.
Coming into the last 30 minutes, though, I thought the debate was more or less a draw. That’s when Brokaw turned the debate to foreign policy and national security, and McCain simply outclassed Obama. Despite the nearly two weeks between the debates, Obama still couldn’t offer a coherent policy on Russia. He stuck to general themes, and more than once tried to invoke Iraq on completely unrelated topics. McCain, on the other hand, had extensive knowledge of the subjects and gave detailed answers that demonstrated Obama’s superficial knowledge — to the point that Obama complained that McCain thought he was “green behind the ears”, a flub that will no doubt live in ridicule for the next couple of days.
Brokaw did a solid, professional job as moderator. I didn’t think Brokaw would do poorly, and I failed to catch any obvious bias in his moderation. I thought the town-hall format was a joke, though. Brokaw and his team selected the questions ahead of time and chose the participants, and in the end it just looked like Brokaw had outsourced some of the moderator duties to guest voices.
McCain won, but he didn’t score a knockout by any stretch of the imagination. Is this a game-changer? I think not. It may help narrow the gap a little, but I think the two men are pretty evenly matched in these debates. I wouldn’t expect a knockout in the last debate, either.
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Which was the most important thing he had to do, I believe.
Spirit of 1776 on October 7, 2008 at 11:03 PM
Boring debate. We heard these speeches and answers before.
geckomon on October 7, 2008 at 11:03 PM
It’s a wash. Palin should be our Presidential candidate.
McCain is just not fiscally conservative enough. And that’s hurting him. He should have called Obama an outright Communist. Cause he’s unwilling to use the ‘C’ word on Obama, he can’t get ahead.
ericdondero on October 7, 2008 at 11:04 PM
The visuals were death for McCain and will hurt him (especially with women). Those stools and the open space walking around made McCain look old and stiff. I know it’ his war injuries but it just makes people think Obama is young and fit and McCain isn’t. Lindsey Graham negotiated this. I blame him.
D0WNT0WN on October 7, 2008 at 11:04 PM
This debate was a game changer. Obama just lost Florida. I’m an Obama supporter. But I was stunned by Obama’s answer to the question of what you will do if Iran attacks Israel. Will you commit US force against Iran or wait for a UN resolution? McCain gave a clear strong answer, and talked about not allowing another Holocaust. Obama’s answer to that question was bad on every level. It was weak, unclear, and way too cool for the emotion of the question. He started talking about gasoline prices for Christ sakes.
I’m Jewish, and earlier today I was trying to explain to my family that Obama is just as strong a supporter of Israel as McCain. They’re not going to believe me now. I’m telling you that with that one question in this debate McCain just won Florida.
greggish on October 7, 2008 at 11:04 PM
What debate were you watching? This things royally sucked. Everything about it. Barry,
Editor on October 7, 2008 at 11:04 PM
Ed,
Green light or no?
Over.
1GooDDaDDy on October 7, 2008 at 11:04 PM
Obama said words. McCain expressed ideas.
Jim Treacher on October 7, 2008 at 11:05 PM
What about McCain’s new $300B mortgage buyback? What was that all about?
toddsts on October 7, 2008 at 11:05 PM
Ok, I’m settled down a bit now and putting my permanent vacation on hold. I think the foreign policy part was important and Mac surely did make Obarfo look like a naive tyro.
I also hope that the ‘wet behind the ears’ thing gets some play, it’s whiny and juvenile.
Bishop on October 7, 2008 at 11:05 PM
No one could have forseen Ed tapping McCain as the winner.
This debate will not win McCain the election. Sorry Ed.
e-pirate on October 7, 2008 at 11:05 PM
Krauthammer is seemingly knocking McCain a bit on his 300 M plan.
Cardiganfox on October 7, 2008 at 11:06 PM
DISagree. obama looked like kid urkel compared to hardy vet mccain
i found myself thinking “man, obama is THIN” more than once tonight
obama physically looked like a 19 year old. mccain, gray hair and all, looked “STATESMANLIKE”
(and no cnn, this has nothing to do with race…)
battleoflepanto1571 on October 7, 2008 at 11:06 PM
McCain invoked his “hero” Reagan, yet didn’t do any explaining of conservative economic policy like Reagan would have.
jgapinoy on October 7, 2008 at 11:06 PM
In nearly fifty years of watching these debates, This was the worst ever. Brokaw the worst host ever.
Beto Ochoa on October 7, 2008 at 11:07 PM
greggish on October 7, 2008 at 11:04 PM
Would you mind giving me a quick version of what Obama said? I was yelling at my PC at the time, waiting for the refresh.
Bishop on October 7, 2008 at 11:07 PM
toddsts on October 7, 2008 at 11:05 PM
Anti Middle class off the table.
Cardiganfox on October 7, 2008 at 11:07 PM
Ann Althouse has a photo up showing that Obama wore an earpiece during tonight’s debate.
See it here.
Terrie on October 7, 2008 at 11:07 PM
…which would have been a good way to respond to BO’s “tax cuts for the rich” mantra.
jgapinoy on October 7, 2008 at 11:07 PM
i think mccain showed real legistlative expertise when riffing on social security reform, and should really let show more often…but it may be too late.
he didnt come out with anything that’ll change the narrative or the tone of the race. i dont think he was able to effectively change independent minds on some of the key issues, despite his much more focused defense of his healthcare policy. this was not a poll driving performance.
things only get worse from here.
ernesto on October 7, 2008 at 11:07 PM
Charles Krauthammer just said that McCain won on points.
amerpundit on October 7, 2008 at 11:08 PM
I dunno
The questions were so bland that it wasn’t a game changer.
Barry HO seemed a bit smoother, but McCain seemed more passionate and experienced. But old.
Iblis on October 7, 2008 at 11:08 PM
he also listed russia as on the UNSEcurity council, something obama didnt know before
im a mccain supporter, but i honestly thought “wow, what a serious blow for obama in the eyes of independents” when i heard that answer. obama sounded like a kid that was b.s.ing an oral test in high school civics class
battleoflepanto1571 on October 7, 2008 at 11:08 PM
I agree; and McCain definitely finished stronger re: what he doesn’t know. I thought it was brilliant in that he tied the imporance of wisdom and experience when addressing certain future uncertainty….and the fact that Obama’s ‘green behind the ears’ is obviously stuck in his own craw as much as our’s.
James OK on October 7, 2008 at 11:08 PM
Is it really a win if even a junkie like me doesn’t notice for 10 minutes that his live stream cut out?
DaveS on October 7, 2008 at 11:08 PM
When Obama went on about ‘morality’ in foreign policy and talked about Darfur and genocide.
McCain should’ve pointed out Saddam’s genocide, rape rooms, etc.
AND, Obama’s buddie Odigna! down in Kenya who has allied with the Islamist there and are killing people
jp on October 7, 2008 at 11:08 PM
What snore-fest and I blame Brokaw. If both candidates are willing to mix it up and do long extended followups and directly challenge each other’s statements – let them! Who gives a **** about rules negotiated by some other guys months before the debate? Once the debate starts let the guys go at it if that’s what they want to do. THEY’RE the candidates and Brokaw you got too jobs:
1) Read the friggin’ question
2) Keep track of the friggin’ time.
Other than that. STFU.
PackerBronco on October 7, 2008 at 11:09 PM
McCain missed opportunities on Iraq but talked about bosnia and somalia which nobody cares about.
lavell12 on October 7, 2008 at 11:09 PM
I think any undecided voters will see Obama as the winner. He said a lot…A LOT…of words. I’m not sure any of the voters will be able to repeat the ideas in those words, but they felt, ahem, comforting at the time. However, he did have an air of arrogance about him and that may turn some people off.
Not a game changer, and I think the polls may move a bit more for Obama unfortunately. McCain has one more chance or we’re doomed. DOOMED!
SouthernGent on October 7, 2008 at 11:09 PM
Maybe in 2012, we will have a conservative point of view in the debates.
Big Orange on October 7, 2008 at 11:09 PM
HOw the hell can we have two presidential debates with zero questions on Abortion!!!!
With Obama, the Live Birth Baby Killer applying to be POTUS!!!
the Media is just sick
jp on October 7, 2008 at 11:10 PM
Terrie on October 7, 2008 at 11:07 PM
Not likely.
Bishop on October 7, 2008 at 11:10 PM
This is not over, don’t listen to the MSM………. McCain did fine, just wait for more Sarah! In reality, she is the one most of us are voting for……. but John needs to name the names of Democrats who caused the financial crisis to the American People, what they did, how they did it, and how they blocked any attempt at reform, along with how much money they took.
Stop this “across the isle” bovine fecal matter…….. do you want to win, or retire to Arizona and leave the country to Socialism?
Seven Percent Solution on October 7, 2008 at 11:10 PM
The third debate might help. But McCain’s problem is that he does not know how to articulate his positions and he spoke in a whisper at times.
Obama has presence, but lacks any intelligence in policy and decision-making. But to the eye of the people who does not follow politics, Obama came out better.
This debate demonstrated to me that McCain has not learned much from Palin’s debate. McCain better thank God that he was illuminated enough to choose Palin.
jencab on October 7, 2008 at 11:10 PM
Great, but did he persuade anyone to vote for him?
No, he didn’t.
John McCain is running against a wet-behind-the-ears Marxist and he’s losing.
billy on October 7, 2008 at 11:10 PM
Naa…just shiny ears is all.
Over.
1GooDDaDDy on October 7, 2008 at 11:10 PM
Wow. That was booooooooring. I keep hearing pundits and other media types mention that McCain needs some type of moment in these debates that swings his momentum. I hate to be the purveyor of the obvious, but McCain ain’t gonna give you that moment. Sorry folks. I want him to win, but man. . . . . we sure could use the Huckster right about now in these debates. Whether you like him or not, you know as well as I do he is a treasure trove of great one-liners. Sarah can’t do it all. He’s screwed folks.
Vaporman87 on October 7, 2008 at 11:10 PM
Nah, I think he just needs a Q-Tip. That’s probably racist, right?
Jim Treacher on October 7, 2008 at 11:11 PM
i still think mccain will win. the dow isn’t going to fall every day forever, and they ayers stories are just now hitting the airwaves for the average joe.
just run some jeremiah wright ads on oct 20th or so and we’ve got it.
battleoflepanto1571 on October 7, 2008 at 11:11 PM
That’s what I see too. But I also thought Palin beat the hell out of Biden. The polls now are being driven by the perceptions of people who do not see things the way you or I do. Swing voters, Republican-leaning women in the suburbs, undecideds, white working class people who associate Republicans with Wall Street fat-cats, etc. If these folks saw what you and I see McCain would be up 5 points.
D0WNT0WN on October 7, 2008 at 11:11 PM
For me, the main changer was McCain proposing another 300B dollars for the home-market. I am totally against that. Format was boring, questions are pretty much the same. Did anyone notice Obama now not denying the charge McCain had meeting Ahmidinijad(sp)
Im still voting for McCain because the alternative is worse, but I think it is the beginning of the end…There’s always Palin…
JVelez on October 7, 2008 at 11:11 PM
McCain will blow his last chance. We will get an Obama White House with a Democratic Congress.
I’m in college and I am about five minutes from dropping out because I’ll have no future once they’re done with the country. I don’t think I’ve ever despaired over politics.
John_Locke on October 7, 2008 at 11:11 PM
McCain simply cannot go after the guy, even when blamed for de-regulation and the financial meltdown…..
I hope he wins. He is behind. He needed to make his move on the national stage tonight. He did not IMHO. Socialize home mortgages? That’s what ACORN wants to do.
If he wins it will be because of Palin. Now she can galvanize voters. McCain simply wants to play it safe and when he takes a risk, it is a new mortgage program to end capitalism.
Starlink on October 7, 2008 at 11:11 PM
Look at the experience issue. No brainer on that one. Bi-partisan, No brainer on that one either. No knock outs, but the old man wins on points and the pretty VP.
Mercy4Me on October 7, 2008 at 11:11 PM
Terrie on October 7, 2008 at 11:11 PM
Don’t toy with me boy!
billy on October 7, 2008 at 11:12 PM
Agree with you 100%.
carbon_footprint on October 7, 2008 at 11:12 PM
I didn’t realize they’d counted all the votes.
Oh, and if you were paying attention, that’s green behind the ears.
Jim Treacher on October 7, 2008 at 11:12 PM
Bring back SArah v. Joe Biden. This was one really dull debate. I’d be shocked if most people who started with it stayed with it to the end. Bad, dull, predictable questions.
Only three interesting points:
1–McCain sounds like he is proposing another bailout, or some kind of mega program in which everyone’s mortgage gets re-set? I imagine there will be more talk about this; doesn’t sound like anything that will interest conservatives;
2–instead of calling him out as a surrender monkey, McCain painted Obama as a trigger happy kook. totally unbelievable; and
3–no mention of Ayers or Wright or Obama’s Freddie and Fannie connections. wtf?
Oh, and one other thing, my wife, who is voting for McCain because of Palin, was screaming at him by 10pm to stop with the “my friend” stuff. And she left. McCAin must have broken a record for that pet phrase this time. Please, my friend, please find something new to say.
james23 on October 7, 2008 at 11:12 PM
Goddamit, what was Obimbo’s answer to Iran attacking Israel?
I hate ustream and what it did to me during that debate.
Bishop on October 7, 2008 at 11:13 PM
I’m bored. Where’s Sarah?
Metro on October 7, 2008 at 11:13 PM
She really needs to take that post down. She’s embarassing herself there. He’s got big shiney ears. That’s all.
SouthernGent on October 7, 2008 at 11:13 PM
I’m still disappointed we didn’t get to hear about Rezko, Ayers, and Wright this evening. The McCain camp needs to keep hammering the following points right up until the finish.
1) Democrats in Congress in bed with Fannie & Freddie caused the economic crisis not “deregulation”.
2) Obama is clueless on foreign policy which makes him dangerous in a time of great danger and uncertainty.
3) Obama’s connections to the aforementioned undesirable individuals IS a valid issue and should make you question who he really is and what he really believes.
4) Remind the voters that Obama looks silly constantly trying to run against Bush. Newsflash Barack! Bush is not running!
5) Obama’s record is the one of a tax and spend liberal.
6) Obama’s record is the one of a tax and spend liberal.
7) Obama’s record is the one of a tax and spend liberal.
8) Obama’s record is the one of a tax and spend liberal.
9) Obama’s record is the one of a tax and spend liberal.
If that doesn’t work, Remind the voters that Obama’s record is the one of a tax and spend liberal.
RobertCSampson on October 7, 2008 at 11:13 PM
Where are the questions on gays, guns, the death penalty and abortion? Why so many boo-hoo questions where they both say they agree with each other?
Marcus on October 7, 2008 at 11:13 PM
McCain can’t win on points. The undecided voters are not professional debate scorers. He needs to knock Obama’s head off. He didn’t. He held on but he needs to drive HARDER, MUCH HARDER over the next few weeks.
D0WNT0WN on October 7, 2008 at 11:13 PM
Hmmm…who is right?
That’s the question millions of Americans are asking tonight.
jgapinoy on October 7, 2008 at 11:13 PM
I disagree. McCain wants to stabilize stratospheric home prices, artificially enabled by the credit-bubble, by buying our mortgages and renegotiating their values retroactively. This is an atrocious idea which is inherently socialist in nature…. And he won that argument? Preposterous. Obama won that portion of the debate simply by not being fool enough to even mention such a absurd idea.
FloatingRock on October 7, 2008 at 11:14 PM
They both sucked beyond all suckdom. They must be both masters in suckology.
I cant believe that the US cant get better candidates than these two major suckwads.
These guys were the kings of suck.
Great job ReSuckicans. I expect the DemoSucks to suck but this is the most SUCKY RepubliSuck that I have even seen on a national ticket.
Roger Waters on October 7, 2008 at 11:14 PM
Yep. Going to be interesting to see how that plays out tomorrow.
Purple Fury on October 7, 2008 at 11:14 PM
Thanks. You and 1776 keep me going. Tonight will not move the polls.
Palin will. Pray for our country.
Starlink on October 7, 2008 at 11:14 PM
agree but with that said i thought biden LOOKED ‘presidential’
(now he lied his @$@ off but he ‘looked’ presidential. palin was the novelty, but still looked stateswoman-like)
tonight obama looked like he was worried and outclassed, mccain was in total control
only bad thing is, as you say, an indie might see mccain’s control of the room as “GET OFF MY LAWN”, but who knows
i honestly think 1-2 punch of jmac and palin will win this thing…. and thanks to the campaign for making palin change the color of her clothes for each rally… talking about visuals, seriously, the last few rallies she’s gone blue, white, etc… not just wearing black. it sounds shallow and sexist, but the more people follow palin as ‘fashion’, the more they LIKE her. consider it the equivalent of JFK as “handsome”
battleoflepanto1571 on October 7, 2008 at 11:15 PM
What is your opinion about tonight’s debate?
I feel McCain lost. He had so many chances to twist the dagger into Obama and he failed.
carbon_footprint on October 7, 2008 at 11:15 PM
McCain needs to come out with the verbal equivalent of a BFG and completely annihilate Barry O. I’m talking Quake-style annihilation. With gibs.
Mindcrime on October 7, 2008 at 11:15 PM
Is it just me, or was that the most boring debate in history?
Switch the format to cage-fighting and somehow get Palin in the cage.
What a yawner.
Sapwolf on October 7, 2008 at 11:15 PM
McCain was able to zing Obama on the Freddie Mae…Americans need to hear this. His plan to buy up mortgages is practical and something people can see…Obama didn’t do this.
Richard Romano on October 7, 2008 at 11:15 PM
Even if McCain did win on points…most people tuned out after 45 minutes because it was a terribly boring debate.
Saying that, the debate is a wash and another debate victory for Obama. He may lose a point or two or the next few days but it will be right around the 8-10 points before the next debate.
Barring a “swift Boat”-like 527 push…this election is OVER.
McCain has no clue how to attack nor does he even attempt.
LordMaximus on October 7, 2008 at 11:15 PM
Nice of you to say, thanks.
carbon_footprint on October 7, 2008 at 11:15 PM
Roger Waters on October 7, 2008 at 11:14 PM
You are not to speak. I don’t like you.
Bishop on October 7, 2008 at 11:16 PM
Dang Captain! We are going to have to start calling you “Fast Eddie”
It would take me at least several hours to write such a thing and it would’nt be half as good.
Elizabetty on October 7, 2008 at 11:16 PM
This election will be lost not because Obama ran a great campaign, or because the American people want change, or because of the economic crisis.
We will lose this election because somehow, we ended up with John McCain, who I think at this point is doing a worse job than Ron Paul or Mike Huckabee would have done.
John_Locke on October 7, 2008 at 11:16 PM
Obama’s suit looked fantastic again. Great tie too.
The debate was stultifying.
forest on October 7, 2008 at 11:17 PM
I must’ve watched a different debate. I thought the whole thing stunk to high heck. And poor John tanked IMO. Maybe I was hoping for the proverbial home-run, maybe my expectations were too high. But I thought he needed to knock it out of the park. I didn’t even think he got on base.
Don’t me wrong, I’m voting for McCain – but I fear neither candidate truly gets it.
dugan on October 7, 2008 at 11:17 PM
glad McCain got the Fannie/Freddie/Dems info out at beginning of debate
jp on October 7, 2008 at 11:17 PM
McCain never laid a glove on Obama. The question that Obama never gets asked is this — what possible evidence is there in your career that you have the skill set to do the things you claim you’ll do. Obama has done nothing, bupkis, his whole career. And all McCain could do is say “I know how to do this.” Well, that’s argument by assertion. We still don’t know how McCain knows, and more importantly people still don’t know why Obama doesn’t know how to do things.
A missed opportunity. And the hour is late.
Mr. D on October 7, 2008 at 11:17 PM
You know what was awesome?
The $700 billion dollar bailout.
You know what would be more awesome?
Another $300 billion dollar bailout. And the government being able to renegotiate your mortgage.
I, for one, welcome our new socialist overlords.
Also, Brokaw asked them how they would reform medicare and social security. In 2 years. Cuz, you know, we are screwed in 3 years.
McCain/Obama: Hey, this is a pretty puppy, isn’t it?
This thing is so over. It doesn’t even matter who wins.
The free market died tonight. A sad death. And they have the nerve to invoke Reagan.
lorien1973 on October 7, 2008 at 11:18 PM
making palin change the color of her clothes for each rally… talking about visuals, seriously, the last few rallies she’s gone blue, white, etc
Except that the kids over at DU think Palin is a racist for wearing white clothing.
http://michellemalkin.com/2008/10/07/pds-alert-wearing-white-is-raaaaacist/
Bishop on October 7, 2008 at 11:18 PM
Yep.
I am ready to get back to the Palin clips tomorrow, please!!
Starlink on October 7, 2008 at 11:18 PM
This was a game changer. McCain solidified his position in the voting booth. I think both of them are wed to socialist policy, but I’ll be damned if I let a “green eared” poseur take the helm to make himself feel better.
This will not make much of a dent, if any at all, in the polls, but it will sink in when the voting starts.
spmat on October 7, 2008 at 11:18 PM
McCain is absolutely terrible… hell we would be better off with Ron Paul or Huck…
ninjapirate on October 7, 2008 at 11:18 PM
Ahem.
Mr Treacher,
and to think that I sent an angry e-mail to St. Hannity on your behalf…
billy on October 7, 2008 at 11:18 PM
It was funny how Rush pointed this out today. McCain going with this “crossing the aisle” I do not think will work in the long run.
I still think the 300B plan is what does McCain in. Whatever happened to conservative principles??
JVelez on October 7, 2008 at 11:19 PM
McCain should have just offered to cook everyone dinner every night. They can see that too.
lorien1973 on October 7, 2008 at 11:19 PM
I sure hope it looked better on TV than it sounded on the radio. I had to turn it off. It was getting to painful.
patrick neid on October 7, 2008 at 11:19 PM
I never thought McCain was going to kill Obama in this debate. It just doesn’t fit the format. McCain did well. Of course both the CNN and CBS snap polls are giving it to Obama though.
johnt on October 7, 2008 at 11:19 PM
Rog,
What’s the matter? I thought you wanted Obama to win? Yes, McCain is a Rhino but Sarah Palin is now fully vetted and when she is back in 4 or 8 years she’ll be more experienced and battlehardened. Let’s hope she looks better than Hillary at that age.
If Obama wins, he is going to have a VERY TOUGH time. His socialist push is going to backfire.
Sapwolf on October 7, 2008 at 11:19 PM
Barry lied magniloquently.
McCain droned familiarly.
Wash.
profitsbeard on October 7, 2008 at 11:19 PM
Fred doesn’t have the fire in his belly when it come to campaigning for himself let alone his honeymoon date.
LevStrauss on October 7, 2008 at 11:19 PM
I think the Dow is falling as much because Obama is ahead in the polls as because of the credit problems. One good story not mentioned in the press…
Vashta.Nerada on October 7, 2008 at 11:19 PM
No, Obama said (about himself) that people will say he is “Green behind the ears,” which–if Bush had said it–would’ve been harped on forever…
eanax on October 7, 2008 at 11:20 PM
Like I said, McCain is terrible… I think the reason he is a “maverick” is because he blows at argument…
ninjapirate on October 7, 2008 at 11:20 PM
Perhaps Mac’s mention of the F’s was a prelude to the coming attacks that he and Palin will level against Obumble, a first shot at the waterline of the SS Shitforbrains.
Bishop on October 7, 2008 at 11:20 PM
The mortgage stuff IS part of the bailout. McCain was trying to show that he actually knows what is in the bill and that it will help regular people who are falling behind on their mortgages, not just Wall Street fatcats. He could have been more explicit about that.
Lenders have already modified over a million mortgages over the last 18 months to get them out of default and avoid forecllosure. But they cannot keep up with the rising tide of defaults. The Treasury now has an opportunity to do mass numbers of modifications on the loans that are behind the securities it is buying. This will help stabilize the housing market and it really does not cost the lenders very much – especially compared to the cost of foreclosures.
rockmom on October 7, 2008 at 11:21 PM
Why do you think it will backfire? Clearly people are hysterical over his socialist crap.
John_Locke on October 7, 2008 at 11:21 PM
Brokaw did a horrible job with the questions! He did a disservice to the debate.
OSUBuciz1 on October 7, 2008 at 11:21 PM
I liked Fox, though. Obama said that “budget cuts” were really “tax increases” – Obama camp admitted this.
McCaskill had to say “we’ll look at the revenue side of the equation” instead of “tax increases”
Guess what’s coming
Surprise Butt Sex!
lorien1973 on October 7, 2008 at 11:21 PM
I thought this was a poor repeat of the first debate. I was left feeling more positive about McCain after the first one. Maybe because this one was so boring compared to Palin/Biden and my expectations were heightened by McCain’s and Palin’s gloves-off approach the last few days.I think that in terms of this translating into votes, Obama comes ahead. And that really sucks.
neuquenguy on October 7, 2008 at 11:21 PM
Does anyone have the stats on the time allowed each candidate? I swear Obama had 80% of it.
RobertCSampson on October 7, 2008 at 11:22 PM
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