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. patrizia

    Corporate tax in Ireland is not 11%. It is 12.5%.
    Another case of McCain muddling the facts to strenghten his argument.

    October 23, 2008 04:44 pm at 4:44 pm |
  2. Sue

    Obama is behind in the polls in Florida because we don't think he is fit to be president. You young squirts with your very smart young friends would ruin our country for decades to come if it were left to you, but it's not. You will learn, many of you will learn the hard way like so many of us older people already have. But in the meantime we will try to preserve our great country for another generation.

    October 23, 2008 04:45 pm at 4:45 pm |
  3. RealityKing

    Obama handouts certainly don't put main street first..

    October 23, 2008 04:45 pm at 4:45 pm |
  4. Theresa


    October 23, 2008 04:46 pm at 4:46 pm |
  5. Republican for Obama

    McCain doesn't have the temperament (running around like a chicken with its head cut off during the economic crisis) nor the judgment (his careless pick of Palin as VP) to be President. I will for the first time vote for a Democrat for President.

    October 23, 2008 04:46 pm at 4:46 pm |

    If Obama means to rebate those payroll taxes from the Social Security/Medicare funds, he's accelerating the bankruptcy of those programs. If not, he's still transferring money from people who pay income taxes to those who don't.

    October 23, 2008 04:46 pm at 4:46 pm |
  7. tulsa

    This is one thing that the right wing has shown. They are willing to root against the country rather than to concede defeat and join in to help.
    Some kinda great Americans you are.

    October 23, 2008 04:47 pm at 4:47 pm |
  8. America First

    McCain will never win. He is mean, grumpy, pigheaded and not ready to lead this country. America means more to me than anything and I'm not throwing my vote away with John McCain. I don't like him.

    Obama/Biden 08

    October 23, 2008 04:47 pm at 4:47 pm |
  9. MEP

    John McCain is very confused nowadays. Obama is right that those companies sending jobs overseas should not be given tax breaks. These tax breaks amount to two things. First, condoning giving American jobs away and second rewarding those that do so by giving them more money to send to manufacturers overseas. How exactly does Mc Cain's strategy help the ailing American economy?

    October 23, 2008 04:47 pm at 4:47 pm |
  10. tulsa

    Show us that quote. Or did you just make up that last part?
    C'mon, annotate that please.

    October 23, 2008 04:48 pm at 4:48 pm |
  11. Will-South Dakota

    When was the last time the McCains walked down a mainstreet and did their own shopping for grocieries, pumped their own gas, so yeah he's forgotten about rural mainstreet for his "friends" on WallStreet. His $500 shoes are like 1 heating bill for me.

    October 23, 2008 04:48 pm at 4:48 pm |
  12. Just Plain Tired - St. Louis

    MCCain and his cohorts say "Let them eat cake!"

    October 23, 2008 04:48 pm at 4:48 pm |
  13. Nj in FL

    Touche to deb in az, at least someone out there has some business sense.

    October 23, 2008 04:49 pm at 4:49 pm |
  14. conny

    Run Run Run to the polls and then you wouldn't have to worry about the Y in the word H I P O C R I T E!

    October 23, 2008 04:49 pm at 4:49 pm |




    October 23, 2008 04:49 pm at 4:49 pm |
  16. Disgusted with liberals

    hateful, viscious, lying liberals running rampant on CNN's posts

    I hope you all eat your words

    October 23, 2008 04:49 pm at 4:49 pm |
  17. Paris

    I can’t vote for a man that chooses:

    • Frank the Communist and America Hater
    • Wright the America hater
    • Ayers the Terrorist and America hater and Marxist
    • Rezko the criminal

    I just can’t vote for Obama with a clear conscious.

    Not the question is why CNN hasn’t done any investigative reporting on any of the above but they still discuss Plain’s wardrobe!!!!

    October 23, 2008 04:50 pm at 4:50 pm |
  18. sarah1

    hey cnn when will you be reporting on the mccain supporter who was robbed by an obama supporter who then carved the letter B in her face with a knife? obama did say to "get in their faces" now didn't he?

    October 23, 2008 04:50 pm at 4:50 pm |
  19. bob from de

    Here's the deal. In theory, it is great. Trickle Down, but like someone wrote, it starts as a monsoon at the top and a trickle at the bottom. There would have to be clauses that the companies had to come home first, stay at home, and be here for more than 5 years. There's nothing to say that they would come home or stay home. I am republican, but only because when i first registered it was because of ronald reagan. Thank you Obama! Go Joebama!!

    October 23, 2008 04:50 pm at 4:50 pm |
  20. Oak Brook, IL

    Republican candidates SHUT UP! Im tired of listen to you two.

    October 23, 2008 04:51 pm at 4:51 pm |
  21. sarahinfla

    A little off topic
    They will test McCain because he's old and Palin is all talk. This is my fear that all this tough talk from the McCain / Palin ticket will invite / provoke "those would want to do us harm"
    McCain stated he's been tested how can you be test as President without being president?

    It's like being a fighter pilot just because you flew sorties, doesn't mean you can fly the space shuttle, it may be a little familiar but it will still require some OJT just a fact!!!

    there is no test for President except wisdom and surrounding yourself with smart people and Sen. Obama has proven he has the ability to do this and in a bi-partisan way.... John your stuck in the past.

    October 23, 2008 04:51 pm at 4:51 pm |
  22. Count VA 2008 ... were making it Officially BLUE

    Please somebody tell me WHY ARE SARAH"S KIDS IN SCHOOL!!!!!!!!!!!MAIN STREET is coming back

    Obama 08................GO VIRGINIA aka communist country resident

    October 23, 2008 04:52 pm at 4:52 pm |
  23. pumas are idiots

    sux 2 b
    in the gop

    October 23, 2008 04:52 pm at 4:52 pm |
  24. Ben

    McCain talks about he being tested. Tested for what? Only to be caught!!!..And Ireland is in a recession so why keep talking about Ireland!!!?

    October 23, 2008 04:52 pm at 4:52 pm |
  25. NC Mom

    Let's extend the tax breaks for Cindy McCain, Bill Gates, Donald Trump, Paris Hilton and Madonna...they really need it. It would be Socialism to give me much of a break. Remember guys...let it trickle down...I've got a coffee cup to catch those pennies.

    October 23, 2008 04:52 pm at 4:52 pm |
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