September 27, 2008
Posted: 138 GMT

The economy: the focus of the debate was supposed to be and probably will be national security, but there was no way to avoid the economy. And it's dominated the evening so far.Still, neither man seemed eager to answer the first question of the night: where do they stand on the proposed 700-billion-dollar bailout of the U.S. financial system?

John McCain and Barack Obama greet each other at Friday's U.S. presidential debate.
John McCain and Barack Obama greet each other at Friday's U.S. presidential debate.

Both seemed more eager to talk about the past and the future, than the problem they face in the present tense: the plan that Wall Street and world markets are waiting for.

Even pressed repeatedly by the moderator, Obama refused to say whether he would support the $700 billion plan. McCain said quickly, as if in passing, that he hoped to be able to vote for it.

Neither volunteered any hint of how they would find that $700 billion.

Since then, it's been back and forth with no real surprises. Both men are looking sharp and energetic. We'll see what's ahead....

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Filed under: General • Politics


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TEJINDER SINGH   September 27th, 2008 211 GMT

But now we have Iran subject and its showing the difference between the two candidates.

Roland Wroten   September 27th, 2008 642 GMT

When you get 2 or more leading experts on the economy in the same room you get 2 or more expert opinions. Solving our economic issue is not a knee-jerk action and a president can ill afford to say exactly how, when, what will be done. A plan of priorities with monitoring and the capability of alteration is how Obama sees the crisis which is the only prudent option offered by both candidates.

Leo Hanes   September 27th, 2008 645 GMT

Sheesh, if either committed to where they stand, they "MIGHT" actually be held accountable when elected....

Held Accountable by who....Wall Street Execs??

Dr. Johnnel Olabhie   September 27th, 2008 748 GMT

We should acknowledge both candidates contributions within the allowed 90 minutes of the debate. But Sen. Obama was better broaden and specific where necessary than Sen. McCain in the bid to respond who as a next America leader to fix current economic woes and restore America’s globally detoriated image and values.

Dr. Johnnel Olabhie

Robert M. Herbst   September 28th, 2008 040 GMT

I am tired of hearing that we must lower coporate taxes so companies can hire people. Cut the taxes to large corporations and they will pay the executives even better.

Corporations need to cut executive salaries and pay who they have better and hire some more. The income tax system was developed to redistribute wealth to begin with–the rich were taking advantage of the poor. People can spend more and save more if they are paid better–empower the masses to save the economy.

Sensei   September 28th, 2008 639 GMT

This may seem utterly insipid and probably useless query, but what what if the chinese or russian government, countries who are financial sound, fill in the 700bill deficit that the US economy faces?
They then hold major, and crucially influential footings in US, and hence world economy. And atleast for a "developing" country like China, this can be view as a launch pad for serious growth.

ZEPPO   September 28th, 2008 923 GMT

What would Andrew Jackson say about the 700 Billion dollar bailout?

Fran   September 29th, 2008 1627 GMT

I was disappointed in the debate because of the lack of specific details from either man. Over all I believe Sen. Obama won the debate, he did not back down when Sen. McCain started to slam him and Sen. Obama stayed with a positive message. Sen. McCain has ran negative ads and has been a negaitive person through out the whole campaign much more than Sen. Obama, even the independent's think so. If you watched the bars at the bottom of the screen during the debate Sen. McCain was in the negative a lot more than Sen. Obama.

Gail   October 2nd, 2008 1413 GMT

What ever the debate, what ever the date, Obama creamed, wipped McCains but/face. He should have given Obama the respect of at least looking at him. That was a real offence to be. It seamed asthough McCain was trying to say tha Obama dont mean nothing and is not worth the glance. But if he would have been man enough to just look into his face he would have seen that Obama was'nt Playing with Him. He kicked MCCains A** Foriegn & Domestic.

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