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Presidential Candidates Take on Financial Crisis During Debate

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Presidential Candidates Take on Financial Crisis During Debate

Obama and McCain shake hands before the start of the presidential debate in Nashville. (AP Photo/Scott Olson, Pool)

Last night’s debate between Barack Obama and John McCain was mainly over the economy. Obama said the current financial crisis is the “final verdict on the failed economic policies of the last eight years” that President Bush pursued and which were “supported by Senator McCain.” McCain countered that Obama would favor raising taxes, thus hurting employment.

In one pointed confrontation on foreign policy, McCain accused Obama of threatening to invade Pakistan and said, “I’m not going to telegraph my punches which is what Senator Obama did.” Then Obama bluntly challenged McCain’s steadiness. He said “This is a guy who sang bomb, bomb, bomb Iran, who called for the annihilation of North Korea.

The debate, at Belmont University in Nashville, was the second of three between the two major party rivals. It was the first time voters posed questions to the two candidates from the audience and the Internet. Tom Brokaw moderated the debate, and persistently reminded the candidates to stay within the projected time limits.

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