At a press conference in Indianapolis, Barack Obama said that when it comes taking action against excessive CEO compensation, John McCain is all talk.
The McCain campaign quickly responded, calling the comments a "cheap political attack."
(full exchange after the jump)
Key Obama excerpt:
"I know Senator McCain had some sharp words the other day about what some CEOs are getting paid. And I was glad to hear it. But when he’s had the chance to do something about this problem, he’s opted for continuing the do-nothing approach of the Bush years. And this seems to be a trend with Senator McCain. Yesterday, he finally proposed some steps to deal with our housing crisis. And I’m glad he’s moving in the right direction, but what he’s proposing isn’t enough to really help struggling families.
"So I respect John McCain. He’ll be a worthy opponent. But we can’t afford another four years of policies that don’t make a difference in the lives of ordinary Americans, and that’s what John McCain is offering."
McCain spokesman Tucker Bounds' response:
“Once again, Senator Obama’s words don’t match his actions. Apparently Senator Obama thinks cheap political attacks and typical Washington shenanigans substitute for real leadership. Corporate boards have the power to serve shareholders and make CEO pay match performance. John McCain believes cozy relationships with boards should not allow irresponsible CEOs to rake in millions on the backs of small investors. John McCain is committed to using the bully pulpit of the presidency to hold them accountable.”