September 16, 2008
Posted: September 16th, 2008 08:05 AM ET

From
McCain appeared on CNN's American Morning Tuesday.
McCain appeared on CNN's American Morning Tuesday.

(CNN) – Republican presidential candidate Sen. John McCain continued to back away from his assertion that the "the fundamentals of our economy are strong" during a CNN interview Tuesday.

Watch McCain on American Morning

On Monday, after taking heat from Sen. Barack Obama's campaign for his earlier statement, McCain adjusted his language to say the American worker was the strength of the economy.

Watch: McCain's economy comment hammered

On Tuesday, McCain said the U.S. economy will rebound with the help of the American worker, which he called "the fundamental strength" of the U.S. economy.

The problems with the American economy are the result of rampant government spending and poor government checks on corporations, McCain said.

"I'll restrain spending. That's the reason our economy is in trouble today," McCain said.

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Filed under: John McCain


Posted: September 16th, 2008 08:00 AM ET

From
Biden appeared on CNN's American Morning Tuesday.
Biden appeared on CNN's American Morning Tuesday.

(CNN) - Sen. Joe Biden, the Democratic vice presidential candidate, said Tuesday that "the middle class is dying" and Sen. Barack Obama's economic plan will reverse that trend by lowering their taxes and raising those of people making $250,000 or more.

Watch Biden on American Morning

"Create jobs, keep people in their homes and increase regulatory oversight of the very people John (McCain) has refused to regulate," Biden said, summing up Obama's plan for repairing the ailing economy.

Earlier: Biden hammers McCain over economy

"We're letting taxes expire for the very wealthy and giving the middle class a fighting chance," he said.

Asked if that amounted to income redistribution, Biden replied, "I don't care what you call it. The middle class is dying."

"The American worker's been left out in the cold," he said.

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Filed under: Joe Biden



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