Bob Schieffer begins right away looking at the economic plans. He outlines them so the candidates don’t fill up their time doing it.
Why is your economic plan better than his?

McC : greed & excess on wall street AND in Washington DC.
split screen. Obama looks intently at McC
Oh, yes! He goes into Fannie and Freddie. buy the mortgages and let people stay in their homes.

BO: Great depression comment again. I “Pushed for core principles” CEO’s not enriching themselves in this process.
Haven’t seen middle class rescue package. HEre we go to his talking points.
In other words…he won’t answer the question.
Welfare for “middle” class. IRA account.
Senator McCain I agree with your idea to help home owners but your plan may be a giveaway to banks and ‘I DON’T WANT TO WASTE TAXPAYER MONEY.”
Good answer by BHO.
Schieffer didn’t interrupt him

McC: brings up the plumber!!
He’s look straight at Obama then cuts to the camera. Goes into his talking points about health care, small business income. What you want to do to Joe the Plumber is to have his taxes increases. Schieffer interrupts to go to BO ‘is that what you want to do?”

BHO: 95% of working Americans get a tax cut. Which of course is untrue. Tell him, JOhn. Make him pay!
About Joe what I told him was 5 years ago when you couldn’t afford to buy the business… Wha?
His pants are on fire. We heard the comments.

**McC: Joe the Plumber again. Spreading the wealth around.
I want Joe the Plumber to spread the wealth around.
Class warfare, I want small businesses…you would raise taxes on small business. Why would you raise anybody’s taxes. We;’re not going to do that in my administration.
McC scores.

BHO: My friend WArren Buffett can afford to pay more taxes. Exxon Mobile can afford to pay more. Nobody likes taxes. We’ve got to pay for the core investments.
for

**Mc C: so for somebody who doesn’t like taxes why do you want to raise them?
McC wins this issue.

SCHIEFFER: DEFICIT Question. Your proposals don’t pencil out. $200 billion added to the deficit.

BHO: I will do a good job. We’re living beyond our means.
McC is smiling nicely. What about cutting your programs.
Schieffer: what are you willing to cut?
BHO: $15 bil a year to subsidies to insurance companies. …Line item veto lie again.
Here he goes again…telling what he WON’T cut…and what he WILL spend.
Can’t go back to our “profligate ways.”

McC: home ownership is what he’s thinking about. Old proposal to buy up old mortgages to increase home values.
Schieffer interrupts…what will you cut.
nukes, offshore drilling. WE become energy independent
Spending freeze. Forget the hatchet. Get it out and then bring out the scalpel.
“I know how to…”
defense program.
oppose subsidies for ethanol.
eliminate tariff on cane ethanol.
They’re both doing well.
I’d fight for line item veto.
cut out the pork.

BHO; well, look, he says it dismissively. You know BHO you can be confident without being arrogant.
earmarks doing not that much to the budget.
history lesson from BHO.
budget surplus from G43..now we’ve got a deficit.
You’re right, it’s all George Bush’s fault. Oh, wait…medicare part B is a huge suck.

***McC: Senator Obama I’m not President Bush…if you wanted to run against President Bush you should have done that 4 years ago.
eliminate spending. BHO voted for MORE funding
Let’s look at our record, Senator Obama, I have fought…I have fought.
You tell me one time where you have stood up to your party.

BHO: charter schools (are those the black nationalist, separatist ones?)
Even Fox news disputes McC claim about something or other.

***McC: goes over a bunch of stuff he’s disagreed with Bush on.
a long record of reform in US Senate
Senator Obama your argument to standing up to the leaders of your party isn’t very convincing.

Schieffer: negative campaigning
are you willing to say to each others’ face what your campaigns have said about the other?

* McC: if obama had heeded my urgent request we could have done ten of these town halls by things. Unacceptable things Congressman John Lewis said segregation, church bombings, George Wallace. That, to me, was so hurtful. Every time the out of bounds remarks by Republicans I repudiate it. I wish you’d do it.
Obama has spent more on negative ads than any cnaidate in history and I can prove it.
You didn’t keep your word on public financing. YOU didn’t tell the American people the truth.
Obama is getting red.
You have spent more money since any race since WATERGATE!!!!!

BHO:100% of your ads are negative.
MCC: that’s not true.
BHO: that’s absolutely true.

BHO: brings up 527 ads.
make pretty tough accusations. I don’t mind being attacked for the next three weeks. but they don’t want failed economic policies for the next four years.
WE should talk about energy, economy, health care for the next three weeks.

McC: if you’ll turn on the TV Cardinals Cowboys…I saw ads.
You’re running ads that misportray my view on immigration and stem cell research. I do back stem cell research.
Of course I’d talk about Joe the plumber.
Again I didn’t hear a repudiation of Congressman Lewis.

BHO: doesn’t repudiate it.
DOESN’T REPUDIATE THE REMARK. Mentions what people yelled at McC rally.
Congressman Lewis’s point.
McC: laughs…you’ve got to read what he said.
BHO: we don’t think that comparison is appropriate.
In other words he doesn’t want to say he’s sorry.

McC: I cannot…

BHO: filibustering.
Palling around with terrorists.

McC: I’m proud of the people who come to our campaigns. YOU get 20K people and people will say. They’re dedicated.
There’s alot of things yelled at your rallies. There are some T shirts…out there…
BHO: interrupts…
jiust like a good ACORN.
Schieffer
BHO: looks weak.
hye’s going into McCain’s wheelhouse about reaching across the aisle. We can’t call people other bad people
***McC we need to know the full story of his relationship with ACORN…(BHO laughs), people he hangs out with. Fraud perpetrated on the American public.
Schieffer : I’ll extend the time

BHO: Mr Ayers…
he brings up the Annenber foundation. He’s not in my campaign.
ACORN: “apparently what they’ve done” That is laugh out loud funny.
Let me tell you who I DO associate with…
Good answer. However I’m not convinced.

McC: woods foundation…you sent money to ACORN. You started your campaign in Mr. Ayers living room
BHO: that’s not true.
MCC: I want to get economy back on track

BHO: LAUGHS AT MCCAIN. Bad move.

Schieffer asks about running mates:
BHO; Joe Biden foreign policy credentials. Doesn’t forget where he came from (Scranton…this just in).

McCain looks rested. and anxious to get in the game.

BHO: beginning to filibuster again on his talking points. Where’s the interruption, Bob?

MCCAIN; response Sarah Palin is a role model for women, reformers, took on governor of her own party. She saw corruption, resigned, cut government, faced down oil companies. It’s time we had that breath of fresh air (muffs it), she’ll clean out WAshington. She has a heart for special needs chidren. I’m proud of her. Ignited our party and people all over America. Her husband’s a pretty tough guy too.

Sch: is she qualified to be President?

BHO: it’s commendable she’s for special needs and it will cost money. Scalpel.

McC: qualified in many respect but he’s been wrong.
gulf war…voted against.
cockamamie idea about separating I(raq into three countries. He’s been wrong on a number of a major issues.
Notice BHO calling on ‘spending more’ maybe that’s why he’s proposed.
BHO: laughs and scoffs…this is to get in the soundbites kiddies.

Schieffer: question on “climate control” McCain corrects hiim to say “climate change.”

**McC: gets a blow in on NAFTA…You don’t tell a country you’ll unilaterally stop an agreement. What did Canada do? Said, well we’ll sell our fuel to China, then! Canadian oil is fine. Nuclear. We’ve been using nuclear ships for 60 years, Senator Obama. WE should free ourselves of middle east oil and venezuelan oil…Canada’s fine!

Schieffer KEEPS INTERRUPTING WHEN MCCAIN IS SPEAKING. OBAMA KEEPS DRONING ON AND SCHIEFFER DOESN’T STOP HIM!

BHO: ofshore drilling.I believe in free trade. environmental and labor agreements.

***McC: schools Obama on Columbia free trade agreement…he’s eloquent..but listen to his words. He says he’ll “look” at drilling. That doesn’t mean he’ll do it. Great point. FINALLY.
Senator Obama has never been south of the border. Makes point on Columbia helping with the drug war. FRee trade with Colombia is a no brainer1
That was crazy!
He

BHO: Labor union organizers were threatened by thugs in Colombia. This sounds nice but it’s a freaking weak point.

MCC: is CLEANING HIS CLOCK. i

BHO: clean energy. jobs.

MCC: well, let me just say…. back to free trade agreement wants to break agreemetn with our best friend in the region but he’ll sit down with Hugo Chavez without preconditions. HE wants to restrict trade and increase taxes. THe last time that happened Herbert Hoover did it and we went from a recession to a depression.

Schieffer INTERRUPTS MCCAIN AGAIN!
ASKS QUESTION ABOUT HEALTH INSURANCE

BHO: it’s a problem that breaks your heart over and over again. We will lower family’s premium by $2500 a year.

McC: Health care records online, community health care clinics, rise of obesity. McCain calls for PE and nutrition in schools. 5K
Joe the Plumber…my old buddy Joe…if you’re out there, my friend, if you don’t get the plan Senator Obama wants, he’s going to fine you. Senator Obama I still want to know what that fine is. 5K tax credit

BHO: Large businesses, small businesses…
Zero dollars, Joe.
McC: shaking his head.
BHO: is trying to confuse…or HE is confused, I can’t tell which.
50% credit. McCain can’t wait to get in the game. McCain’s plan sounds good but old people won’t be able to stay on the employer based system

Where’s the interruption from SCHIEFFER?

McC: Hey, Joe, you’re rich! Congratulations! fines if you don’t want Obama’s plan. Why would you want Sen Obama and government to choose for you.
***fundamental difference between us. Government versus you.

BHO: you can keep your employer based health care.

SCHIEFFER: Roe v Wade

McC: No litmus test. Hands of the states. I’m a federalist. SCOTUS should be based on qualifications.
**Brings up a gang of 14…You were asked to join, you chose not to because you were afraid of having name attached to conservative judges.

Obama voted against Breyer and Roberts because of ideology, I won’t but based

SCHIEFFER INTERRUPTS HIM AGAIN!!

BHO: very likely we’ll be making Roe versus Wade hangs in the balance. Roe v Wade was a good decision (seriously, this guy is a ‘constitutional lecturer? Is he kidding?).
right to privacy.
Equal pay for women. Hear, hear.

McC: Change culture of America those of us who are pro life understand it.
BRINGS UP INFANTICIDE THING!!! YAY!
Voted president!
Voted against ban on partial birth abortion.
i don’t know how you vote present on an issue like that!

****BHO: if it sounds withhold life saving treatment to infant is incredible it’s untrue!
Dude, this is too easily checkable. YOu’re wrong about your record.
Law on books already. Hippocratic oath made them give help to infant.
Ban on late term abortions I’m willing as long as the health of the mother is taken into consideration. THAT’S THE WAY IT ALREADY IS!

Where Schieffer interrupting?
He finally did.

McC: eloquence of Obama “health” of mother…that’s been stretched to mean anything. He’s right. We have abortion on demand.
Cindy and I are adoptive parents.

SCIEFFER INTERRUPTS MCCAIN AGAIN!

QUESTION ON EDUCATION:
BHO: need to spend more. Need an army of new teachers with higher pay in exchange for higher standards and accountability. Seriously. What accountability would that be, BHO?
Free college. WE all need free college.
in exchange for cojmmunity service, peace corp, military
WE need parents. Turn off the TV. I actually agree with him on that, of course.

MCC: It’s the civil rights issue of 21st Century. What’s the advantage of sending a child to a failed school. Choice and competition are what will make the difference. Pay teachers more. Give them the same choice Mr. and Mrs Obama and Cindy and I had, choosing where you can send your kid.
Some of the worst schools in the country get the most money.
Troops to teachers.

SCHIEFFER: Federal Government larger role?

BHO; bags on NCLB. Left the money behind. That’s tosh. Bush raised education spending 40-70%.
“higher salaries in exchange for more support.” WTH?
Teachers if they can’t get the job done, give them a chance to prove themselves and then we need to get the best for our children. That’s nearly a direct quote. What does that mean? It sounds like he wants to get tough on bad teachers and then says we shouldn’t get rid of them.

MCC: Washington DC school system voucher system. I’m sure Senator Obama, you’ve heard of this program. the parents lined up to get them for their kids.
Gets on Obama about how it worked and it worked with vouchers.
Head start..let’s reform it! It needed to be improved but democrats won’t let it happen.
Autism fund it. But to have a situation that the most expensive education system in the world in the US it needs reform! We’ve got to reform.
Vouchers need to be tried. Everywhere they are they work.

BHO: vouchers don’t work. if you have them in DC nobody else gets them in the other states. Oh, DC is a state. Hey, if we can’t have them everywhere …
this is what he said.

McC:Because there aren’t enough vouchers we shouldn’t let anyone have them, got it.

Closing. McC’s is OK. C’mon, John, close strong! Country First. Long line of McCains serving in war and peace.

Obama closing: we have to ‘invest’ in american people again. “tax cuts” for middle class. Doesn’t he mean the welfare checks? Because under his plan people who don’t pay taxes will get checks.
I ask for your vote.