[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/30/art.palin.af.gi.jpg caption="Sarah Palin met with Pakistan President Asif Ali Zardari last week during the UNGA."]
SEDONA, Arizona (CNN) - In a Tuesday interview on CNN’s American Morning, John McCain dismissed news reports about Sarah Palin’s pronouncement that the United States should “absolutely” attack terrorists within Pakistan as nothing more than “sound bite politics.”
But McCain refused to acknowledge that Joe Biden’s recent criticisms of clean coal - comments used by the McCain campaign in a radio ad and Web video - occurred under similar off-the-cuff circumstances.
John Roberts asked McCain about his joint interview with Palin on Monday’s CBS Evening News, in which both candidates asserted that Palin’s caught-on-camera remarks constituted “gotcha journalism.”
“But at the same time you have gone after Senator Biden for a comment that he made under similar circumstances about clean coal technology,” Roberts asked. “Your campaign even released a video of part of his comments. Was that gotcha politics?”
“Well, I believe it was at a town hall meeting that he said it,” McCain said of Biden. “This was - hers was in an encounter in a pizza parlor where the question was framed so that of course we're going to go after terrorists.”
In a recent interview on CNN's "American Morning," Sen. Joe Biden, the Democratic vice-presidential nominee, challenged ads from the campaign of Republican Sen. John McCain, declaring, "They are saying Barack Obama supported sex education for kindergartners when all he said was we're trying to - we should teach our kids how to avoid predators. It's very misleading." Is the ad's sex-education claim true?
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[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/30/art.cnnlive3.cnn.jpg caption="McCain held a business round table in Iowa Tuesday."]DES MOINES, Iowa (CNN) - John McCain called on Congress to work to pass a new version of the economic bailout bill in an economic round table in Des Moines Tuesday morning.
"I am disappointed at the lack of resolve and bipartisan good will among members of both parties to fix this problem," he said. "Bipartisanship is a tough thing; never more so when you’re trying to take necessary but publicly unpopular action. But inaction is not an option."
Read McCain's prepared remarks after the jump
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(CNN)— There’s fallout on Capitol Hill after the House rejected a $700 billion financial bailout bill. In the latest installment of CNN=Politics Daily, CNN’s Kate Bolduan reports on why the bill failed and what it will take to make it pass, while White House Correspondent Ed Henry has the candidates reaction to yesterday’s turmoil.
Plus: Whoever is elected in November will have a slue of concerns facing him on the first day. CNN’s Christine Romans reports on the economic mess the next president will inherit.
Finally: Governor Sarah Palin and Senator Joe Biden are actively preparing for Thursday night’s debate. CNN’s Jason Carroll has the details on how both vice presidential candidates are already trying to sway the debate in their favor.
Click here to subscribe to CNN=Politics Daily.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/30/art.phones.cnn.jpg caption="Obama called Bush Tuesday morning."](CNN) - Barack Obama called President Bush Tuesday morning to discuss the economic bailout bill, campaign advisor Robert Gibbs said.
The two spoke about the need to push for a package that Congress can agree on, Gibbs also said.
Obama also raised his proposal to raise the amount of money the government insures in bank accounts from $100,000 to $250,000.
Obama believes "that such a proposal can broaden the coalition supporting the package," Gibbs said.
At his economic roundtable Tuesday morning, McCain also said he had spoken to the president Tuesday morning.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/30/art.palinpres.cnn.jpg caption="McCain said Monday Palin is being underestimated, just as Ronald Reagan and Bill Clinton were."]
(CNN) - Sarah Palin may just be the next Ronald Reagan or Bill Clinton - two previous governors underestimated by the national media who went on to win the White House, John McCain said Monday.
Appearing alongside Palin in an interview on CBS, McCain reiterated his confidence in the Alaska governor, even as several conservatives suggested she is unqualified for the No. 2 spot on a national ticket.
"This is not the first time that I've seen a governor being questioned by some quote, 'expert,' " McCain told CBS' Katie Couric as Palin looked on. "I remember that Ronald Reagan was a 'cowboy.' President Clinton was a governor of a very small state that had 'no experience' either. I remember how easy it was going to be for Bush I to defeat him.
"But the point is I've seen underestimation before," McCain added. "I'm very proud of the excitement that Gov. Palin has ignited with our party and around this country. It is a level of excitement and enthusiasm, frankly, that I haven't seen before. And I'd like to attribute it to me. But the fact is that she has done incredible job. And I'm so proud of the work that she's doing."
The comments come after Palin's widely panned interview with Couric last week during which the Republican VP candidate struggled through several answers on her foreign policy credentials and the proposed economic bailout. The comments instantly became fodder for late-night comedians and prompted criticism from several conservative corners that Palin appeared to be in over her head. But a counter-chorus has also emerged, as supporters have publicly urged the campaign not to keep Palin so isolated from the media and to allow her unfiltered audience interaction.
“Holding Sarah Palin to just three interviews and microscopically focusing on each interview I think has been a mistake,” former Massachusetts Gov. Mitt Romney told MSNBC’s "Morning Joe" on Monday. “I think they'd be a lot wiser to let Sarah Palin be Sarah Palin. Let her talk to the media, let her talk to people."
But also in the interview with Couric on Monday, McCain decried "gotcha" journalism as he sought to downplay Palin's recent comments that suggested she would support crossing into Pakistan from the Afghanistan to root out terrorists.
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(CNN) – A day after the Dow Industrials index dropped nearly 800 points in reaction to the failure of the $700 billion bailout bill in the House of Representatives, economic issues are dominating the latest round of television ads in the presidential race.
The Obama campaign launched a new ad, “Same Path,” Monday. In the spot, Obama speaks directly to the public for nearly two minutes about the nation’s troubled economy and what Obama proposes to do about it.
“I know that that we can steer ourselves out of this crisis. But not by driving down the very same path,” Obama says. “On taxes, John McCain and I have very different ideas,” he also says before detailing changes to the tax code that he would push for as president in order to help small and startup businesses, middle class families, and senior citizens living on fixed incomes.
The ad will air in “key states” nationally, according to a statement issued by the Obama campaign Tuesday.
While the Obama camp’s new ad details changes to the tax code Obama would advocate for if elected, the Republican National Committee’s new ad seeks to portray Obama’s tax policies and spending proposals as a potential fatal blow to the struggling economy.
The 30-second spot, “Worse,” begins with images of Wall Street while an announcer asks, “Can it get any worse?” The ad suggests things can get worse if Obama wins the White House. “New taxes. New spending. New debt. Barack Obama’s plan: It will make the problem worse,” an announcer says in the ad. The RNC says that “Worse” will air in Wisconsin, Ohio, Michigan, Pennsylvania, Virginia and Indiana.”
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/30/art.bush.cnn.jpg caption="Bush urged Congress to pass a new bill."]WASHINGTON (CNN) - President Bush said Tuesday he remains disappointed by the House's failure to pass the financial bailout package, but he will continue to work for its approval.
"I am disappointed by the outcome but I assure our citizens and citizens around the world that this is not the end of the legislative process," the president said in televised remarks from the White House.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/30/art.obama.handout.jpg caption="Sen. Obama proposed expanding federal deposit insurance for families and small businesses Tuesday."]
(CNN) - Democratic presidential candidate Barack Obama Tuesday proposed expanding federal deposit insurance for families and small businesses as a way to convince lawmakers who voted against the $700 billion federal bailout plan to change their minds.
"One step we could take to potentially broaden support for the legislation and shore up our economy would be to expand federal deposit insurance for families and small businesses across America who have invested their money in our banks.
Watch: Obama reacts to failed bill
"The majority of American families should rest assured that the deposits they have in our banks are safe," Obama said in a statement put out by his presidential campaign.
"That is why today, I am proposing that we also raise the FDIC limit to $250,000 as part of the economic rescue package - a step that would boost small businesses, make our banking system more secure, and help restore public confidence in our financial system."
Watch: The $700 billion question
Currently, deposits of up to $100,000 are guaranteed by the government's Federal Deposit Insurance Corporation.
Obama said he will talk to leaders and members of Congress later Tuesday to offer his idea and urge them to act without delay to pass a rescue plan.
[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/09/30/art.mccain.environment.jpg caption="Sen. McCain says $700 billion financial plan should be called a 'rescue effort,' not a bailout."]
(CNN) - The $700 billion financial plan for Wall Street failed in the House of Representatives because people are not convinced it is a "rescue effort," Republican presidential candidate Sen. John McCain told CNN's "American Morning."
"We haven't convinced people that this is a rescue effort not just for Wall Street but for Main Street America," McCain said from the campaign trail in Des Moines, Iowa Tuesday. "We didn't do a good enough job."
Watch: Market mess endangers McCain
McCain and his opponent, Democratic presidential candidate Sen. Barack Obama, have both said that they would probably vote for the legislation, as long as it included some key principles they had pushed for in the measure.
McCain, who briefly suspended his campaign last week to focus on the financial crisis, did not say whether he would take that action again.