October 13, 2008
McCain Struggles While Obama Pulls Ahead
we want them.â€
As he has done in the past McCain made a declaration to fight and stand to defend the U.S., but said he would run a “respectfulâ€ campaign over the next few weeks. He reiterated accusations that Americans withÂ Obama will be subject to inadequate government-run healthcare.
“We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change,â€ said McCain in an effort to distance himself from President Bush.
Wednesday’s third and final presidential debate will be held at Hofstra University on Long Island, New York. During the 90-minute debate McCain is expected to talk more about his plans to protect mortgages with a $300 billion plan for the federal government to buy distressed mortgages and renegotiate them at a reduced price. He also plans to offer a $5,000 healthcare tax credit. The Illinois senator could give more detail to a $900 million plan he announced on Friday, which would temporarily extend an expiring tax break that lets small businesses write off investments up to $250,000 immediately, rather than over the course of several years.
The American Small Business League, criticized Obama’s new small business emergency rescue plan today for ignoring a series of federal investigations that found the government has diverted billions of dollars in federal small business contracts to many of the largest firms in the U.S. and Europe.
Heading up to the debate, McCain and Gov. Sarah Palin will be making stops throughout Virginia, Pennsylvania, and North Carolina, while Obama will only make one appearance in Toledo, Ohio, on Monday. However, Michelle Obama, Sen. Joe Biden and the Clintons will pick up his slack in swing states like Minnesota, Ohio and Pennsylvania.
Finally, CBS announced that on Thursday McCain will appear on the Late Show With David Letterman on Thursday to make up for a last-minute cancellation that earned him Letterman’s ire. At the time, Letterman, criticized McCain during a large part of his late-night comedy show when McCain canceled the show using the excuse that he needed to immediately return to Washington to assist the House in passing the $700 billion credit market rescue bill. Letterman showed his audience footage of McCain instead getting his face made-up in preparation to conduct an interview with CBS anchorwoman Katie Couric.