The first presidential debate between Democratic Senator Barack Obama and Republican Senator John McCain began tonight at 9pm est.
As expected, the debate began on economy and the most recent bailout, which expanded to the larger economic issues.
(A quick note, these quotes are paraphrased as I'm typing it out as we watch it online, check NP later for the full transcript.)
Obama and McCain both agreed that there are major problems going on with the economy and government oversight (or lack thereof).
Obama wants to reduce taxes for 95% of citizens in the US.
We'll be continuing our updates as the debates rage on!
Obama: "The people out there who are working every day, who are not getting a tax cut, you want to give them more. You don't want to add the tax cut, you want to add more."
McCain: "This is a classic example of walking the walk, and talking the talk. You've got to look at our records, that's the important thing...who is the person who has kept spending in control?
"Let's give every American a choice. Do the americans want the existing tax code, or a new tax code."
Commentor: Are you willing to acknowledge that this financial crisis is going to affect how you rule the country?
Obama: "There's no doubt about it. Even if taxpayers get (the bailout money) back, in the short term there's an outlay, and we may not see that money for a while."
(I missed some discussion on Afghanistan/Pakistan because I was trying to upload some video. Check for the transcripts online folks!)
McCain brought up Obama wanting to attack Pakistan, and Obama turns around on him big time. Obama reminded McCain that McCain wanted to wipe out North Korea and was singing songs about 'bombing Iran'. Ouch.
McCain: "My reading of the threat from iran is that if iran acquires nuclear weapons, it is an existential threat to the country of Israel...it will also cause other countries to create their own nuclear weapons."
Obama: "I believe the republican guard in Iran is a terrorist organization. I have said so numerous times. Ironically, the main thing that has strengthened Iran is the war in Iraq. Iraq was the number one competitor to Iran (before we invaded)."