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. TONY

    EVERYONE KNOWS MCCAIN HAS NO CONSCIENCE.

    PEOPLE THINK TIMES ARE TOUGH NOW. JUST WAIT AND SEE WHAT WILL HAPPEN IF MCCAIN AND HIS DIMITTED, INCOHERENT, INCOMPETENT, BABBLING EXCUSE FOR A RUNNING MATE, MOTHER, AND HUMAN BEING GET ELECTED.

    THOSE THAT VOTE FOR THEM DESERVE EXACTLY WHAT THEY GET.

    AMERICA...THE LAND OF THE FREE AND THE HOME OF THE INSANE!

    October 23, 2008 04:26 pm at 4:26 pm |
  2. KJL

    It's true. McCain thinks of ordinary people he can use as little pawns in his quest for power. He has an extremely wealthy wife, so why should he worry about the economy?

    October 23, 2008 04:27 pm at 4:27 pm |
  3. Commonwealth of VA

    McCain looks out for Joe the CEO

    OBAMA/BIDEN 08

    October 23, 2008 04:28 pm at 4:28 pm |
  4. TONY

    TO ALL OF YOU WHO VOTE STRICTLY PARTY, AND YOU ARE MOSTLY REPUBLICANS, WHETHER YOU BELIEVE THE CANDIDATES ARE GOOD FOR YOUR FAMILY, YOUR CHILDREN YOUR COUNTRY OR YOURSELVES..........DO US ALL A FAVOR AND STAY THE HELL HOME ON ELECTION DAY.

    October 23, 2008 04:29 pm at 4:29 pm |
  5. Tony

    A guy whose campaign is funded 75% by corporations and celebrities is claiming that McCain is putting Main Street last. Now that's comedy!

    Got any other lies for us, Obama? I'd love to hear your 50th different stance on your relationship with Bill Ayers. Did you think the we wouldn't find out that you wrote a blurb for his book?

    Plain and simple, Obama is un-American. You couldn't pay me a million dollars to vote for this Socialist.

    October 23, 2008 04:29 pm at 4:29 pm |
  6. Nancy

    Enough of the lies and distortions of John Sidney McCain. People need to start speaking out against him and saying enough is enough! We are tired of your disgusting negativity and your lies to the American people during this campaign.

    October 23, 2008 04:29 pm at 4:29 pm |
  7. Phil, Ashburn, VA

    McShame is running out of time and instead of talking about the economyhe is defending clothing purchases, VP job description, troppergate, in fighting etc... What a campaign?

    October 23, 2008 04:29 pm at 4:29 pm |
  8. james in s.c.

    THANK YOU HUFFINGTON POST!!

    VOTE VOTE VOTE EARLY

    GO OBAMA-BIDEN 08 & 12

    October 23, 2008 04:29 pm at 4:29 pm |
  9. Laura

    Do NOT let the Republicans steal our election ......... again. VOTE EARLY ... VOTE VOTE VOTE ...... VOTE FOR OBAMA .. VOTE IN PERSON ...... please vote.

    October 23, 2008 04:30 pm at 4:30 pm |
  10. Former republican white man from california for Obama

    The whole corrupt republican radical right wing nut party puts there bank accounts first not country! and certainly not main street

    October 23, 2008 04:30 pm at 4:30 pm |
  11. Nwadike K. Patrick

    Everything is being steered against McCain. I politics, the soft approach works with voters and thats the approach Obama has choosed. Even McCain prefers that approach but having tied his hands, he vooices what his campaign contributors would like to hear. In other words, MaCain buckled on his knee...

    October 23, 2008 04:30 pm at 4:30 pm |
  12. hometowndemocrat

    Do you suppose John McCain has actually ever been to main street? Maybe someday he should has his limo driver to take him there!

    Obama 08

    October 23, 2008 04:30 pm at 4:30 pm |
  13. Cindy Nelson

    Lavishing tax cuts on Corporations~

    Doesnt that just say it all.

    Trickle down economics don't work.

    That is why we are in the mess we are in.

    IT DOESNT WORK.

    October 23, 2008 04:30 pm at 4:30 pm |
  14. Bob Indianapolis IN

    Look at all the lobbyists on McCain's campaign! Who do you think they support? Joe Six-Pack? NOt too freaking likely!

    October 23, 2008 04:30 pm at 4:30 pm |
  15. McWho??

    Fundamental economics is a subject on which McCain has no authority. He doesn't understand it. His plans will continue the slump we're in cause it will be a continuation of what's currently in place. I just don't understand who people support McCain. What are they thinking? Are they under the impression that his 100+ lobbyists have their interests at heart or are concerned with the plight of Americans???

    October 23, 2008 04:30 pm at 4:30 pm |
  16. vote! OBAMA-BIDEN NOV.4th

    MCCAIN IS JUST THE OPPOSITE OF ROBIN HOOD, HE ROBS FROM THE POOR AND GIVES TO THE RICH. VOTE OBAMA-BIDEN

    October 23, 2008 04:31 pm at 4:31 pm |
  17. Bruce

    it is interesting that mccain keeps bringin up ireland and the 11% tax rate...My question is....what is the personal tax rate?....someone has to be making up the difference?

    October 23, 2008 04:31 pm at 4:31 pm |
  18. Nwadike K. Patrick

    Everything is being steered against McCain. In politics, the soft approach works with voters and thats the approach Obama choosed. Even McCain prefers that approach but having tied his hands, he vooices what his campaign contributors would like to hear. In other words, McCain buckled under his knee...

    October 23, 2008 04:33 pm at 4:33 pm |
  19. Cynthia; Bham

    He does and will continue the Bush tax policies. A larger percentage of the American voters don't make over $250,000 and that should tell you something.

    October 23, 2008 04:33 pm at 4:33 pm |
  20. Barbara - 65 yr old white female in NC

    McCain was "tested in Viet Nam" and he failed when he made propaganda films for them.

    Thanks but no thanks.

    Voted early for Obama

    October 23, 2008 04:34 pm at 4:34 pm |
  21. Lisa P

    I heard this morning that Ireland's economy is down the tubes. So much for an 11% corporate tax rate and "simple fundamental economics." Too bad John - Fate just seems to be conspiring against you, but I guess that's what happens when you are a self-involved egotist on the wrong side of History.

    October 23, 2008 04:34 pm at 4:34 pm |
  22. THE FIX IS IN

    YOU ARE SO BIASED – IT IS ALMOST CRIMINAL. AMERICA KNOWS THE FIX IS IN.

    NOW THAT CNN HAS SPOKEN – LET'S GO PARTY!!!

    October 23, 2008 04:34 pm at 4:34 pm |
  23. VOTE! OBAMA!!! VOTE! OBAMA!! VOTE!

    Yes very true McCain just wants you to think he's working for the little guy and the people who are making under $250K your crying because you will receive a tax break? STUPID!!! You would rather give the tax breaks to the big billion dollar companies and hope it trickle down, judging by what has happen in this past 8 years all I have to say is don't hold your breath.

    October 23, 2008 04:35 pm at 4:35 pm |
  24. antonita

    i need u

    October 23, 2008 04:35 pm at 4:35 pm |
  25. Dallas, TX

    AND THE DEMS ARE PULLING OUT ALL THE STOPS, BY VILE ATTACKS ON CINDY MCCAIN, PALIN AND MCCAIN!

    THE DEMS ARE NO BETTER THAN THE REPUBLICANS ON THAT NOTE!

    October 23, 2008 04:35 pm at 4:35 pm |
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