October 23rd, 2008
03:15 PM ET
14 years ago

Obama says McCain puts Main Street last

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/POLITICS/10/23/campaign.wrap/art.obama.ap.jpg caption="Sen. Barack Obama is trying to take the lead in Indiana, a traditionally Republican state."]

(CNN) - Sen. Barack Obama on Thursday charged that Sen. John McCain "wants to keep on putting corporations ahead of workers."

"Just yesterday, Sen. McCain strongly defended the Bush policy of lavishing tax cuts on corporations, including those that ship American jobs overseas.

"He made the strange argument that the best way to stop companies from shipping jobs overseas is to give more tax cuts to companies that are shipping jobs overseas," Obama said at a rally in Indianapolis, Indiana.

Obama was referring to comments McCain made Wednesday in an interview with CNN's Wolf Blitzer.

McCain said that big corporations often move work overseas if they can because the tax rate is much lower.

"If they go to Ireland, they're only paying 11 percent. So where are they going to go where they can create wealth and create jobs? It's simple fundamental economics," McCain said as he defended his plan to cut the corporate tax rate from 35 percent to 25 percent.

Obama on Thursday said, "My opponent may call that 'fundamental economics,' but we know that's just another name for the Wall Street first, Main Street last."

Full story


Filed under: Candidate Barack Obama • John McCain
soundoff (153 Responses)
  1. President Barack Obama

    It's True!!!!

    October 23, 2008 04:12 pm at 4:12 pm |
  2. Rational thoughts

    Clearly the Obama camp has no idea how corporate taxes affect job creation. Look at Ireland for an example of what happens when you lower the rate.

    October 23, 2008 04:12 pm at 4:12 pm |
  3. Brian

    It's true.

    October 23, 2008 04:13 pm at 4:13 pm |
  4. demwit

    And who do you think pays those taxes for the corporations? Consumers maybe..??

    October 23, 2008 04:13 pm at 4:13 pm |
  5. John, Tampa, FL

    Folks,

    I just voted for History. I am 25 years old and I voted for Obama. I took 10 out of my 18 newly registered friends with me. The other 8 will be going with me in the morning. I am doing this on my own. I just voted for one of the smartest and best prepared candidates for this time in history. I voted for “That One”.

    However, he will not win if we don’t vote here in Florida. He is behind in the polls, this is time to take a stand.

    October 23, 2008 04:14 pm at 4:14 pm |
  6. REPUBLIC OF TEXAS

    OBAMA PUTS "ME STREET" FIRST

    October 23, 2008 04:14 pm at 4:14 pm |
  7. H. Charles

    This is hilarious. All of the sudden John McCain is an expert in economics?? If those companies don't want to hire American workers then they weren't for America in the first place. Let them leave. This creates room for American people who do want to hire American workers to start their own corporations. Those companies were flooding our markets with bs anyway and look where they are now. Facing bankruptcy, laying people off, going out of business. And why?? Because of the tax rate?? Pfff...

    October 23, 2008 04:15 pm at 4:15 pm |
  8. David Goldman for OBAMA

    MCBUSH & PALIN HAVE TO KEEP THE DEBATE

    BELOW 3rd. GRADE LEVEL & OFF THE ECONOMY.

    AFTER ALL MCSHAME VOTED FOR THE DEREGULATIONS

    & THE IRAQ WAR THAT LEAD TO OUR & THE WORLD MARKET

    CRASH. I WOULD RATHER VOTE FOR BUSH AGAIN.

    October 23, 2008 04:16 pm at 4:16 pm |
  9. 30 YEAR OLD REPUBLICAN MOM

    RAVE ON CAT CRAP SOME ONE WILL COVER YOU UP

    October 23, 2008 04:16 pm at 4:16 pm |
  10. Ken in Dallas

    McCain doesn't understand that capital formation is completely meaningless if the economy has no demand side. If the government runs an economic policy that impoverishes its population, demand becomes depleted, and all the capital in the world won't keep the economy from stagnating.

    McCain just doesn't get it, and seems to no longer be capable of learning.

    October 23, 2008 04:16 pm at 4:16 pm |
  11. LYNETTE IN CA

    PLEASE READ:

    THE ROLLINGSTONE ARTICLE

    "MAKE BELIEVE MAVERICK!!"

    John McCain does not put "Country First.," he puts McCain first even when he was in Hanoi!

    October 23, 2008 04:16 pm at 4:16 pm |
  12. KOOKOO Va

    GOOD BLESS AMERICA BARRACK O8

    October 23, 2008 04:16 pm at 4:16 pm |
  13. Mark

    This is so true and it is because Main Street is not paved with gold!

    October 23, 2008 04:17 pm at 4:17 pm |
  14. Bulldog

    We had George Bush and Dick Cheney along with a Republican controlled congress for 6 years. They have done great damage to the United States and most Americans are feeling it wether in their pocketbooks or family members affected by the wars we are in. Darn right the Republicans need to go. As an independent I have it up to here with the GOP and their name calling and lies. I will be voting all Democrat with my vote because I am sick to my stomach with the GOP and their damaging ideologies. They must go!

    October 23, 2008 04:17 pm at 4:17 pm |
  15. A NATION OF WINERS for OBAMA

    HE HAS BEN PUTTING WALL STREET BEFORE US

    FOR 26 YEARS. BUT HE IS GOING TO DO GOOD

    BY "JOE THE PLUMBER", A FICTIONAL CHARACTER,

    SAME AS MCSAME'S HONOR.

    October 23, 2008 04:18 pm at 4:18 pm |
  16. think this through

    The only reason that 95% + of people benifit from Obama's plan is because over 35% do not pay taxes and will get a free check for doing nothing. So he is essence buying that presidency by getting all these people to vote in order to get the free money.

    It is a smart winning strategy, however it is not right and I am shocked not 1 person in the media is calling him out on it (that I have heard of anyway)

    October 23, 2008 04:19 pm at 4:19 pm |
  17. common sense

    This is a bad argument.

    October 23, 2008 04:19 pm at 4:19 pm |
  18. NJ

    He speaks the truth. Too bad CNN spends more time giving legitimacy to McCains lies by constantly bringing them up unfavorably against Obama, while almost ingnoring Obamas TRUE accusations against McCain.

    October 23, 2008 04:20 pm at 4:20 pm |
  19. Dr. Mimi De La Cruz for OBAMA

    MCBUSH IS WORKING THE SAME CROWD THAT

    VOTED FOR BUSH. ONLY THIS TIME, MANY OF

    THEM HAVE NO JOBS. BUSH & MCBUSH HAVE

    THE SAME LOBBYISTS, SAME AGENDA & SAME IQ.

    October 23, 2008 04:21 pm at 4:21 pm |
  20. Ted:Canada

    The REPUBLICANS have placed
    North America in the WORST HOLE

    EVER!
    EVER!
    EVER!

    For those of you who vote for these guys – AGAIN

    You will deserve everything YOU GET!!
    You think it is bad now – just wait!!

    The trouble is the rest on us will have to pay the price too.

    WAKE UP AMERICA before it is too late!

    October 23, 2008 04:22 pm at 4:22 pm |
  21. Indie

    I voted for Obama 26 times. Thanks ACORN.

    October 23, 2008 04:22 pm at 4:22 pm |
  22. Sue

    That is an Obama lie. John McCain has devoted his entire life to defense of the US and the American way of life.

    October 23, 2008 04:25 pm at 4:25 pm |
  23. jim, kansas city MO

    Well it is not a strange argument at all. I know a lot of people are choosing to ignore this wealth redistribution, because there is something in there for them.
    Corporations that are shipping jobs overseas can not survive here because of high taxes. Unfortunately we can not learn that leson with other companies, how the heck are you going to increase taxes on companies in US when you see others leaving and shipping jobs overseas because of the high taxes.

    Now as I said people are choosing to ignore this for some people important fact. It does not matter if 95% of population will see a tax cut if they do not have a job, heck they won't even need to pay taxes add all, they will go on unemployment or different government programs that Obama plans to establish.

    McCain is not going to give you handout, that a fact. He will fight to keep your jobs here in US, by lowering the taxes.

    October 23, 2008 04:25 pm at 4:25 pm |
  24. Laverne

    You betcha!

    Obama/Biden '08

    October 23, 2008 04:26 pm at 4:26 pm |
  25. Mike in Columbus

    True!

    October 23, 2008 04:26 pm at 4:26 pm |
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