Barack Obama and John McCain have clashed over their economic plans and other issues in a fractious final TV debate before the US presidential poll.
In a series of testy exchanges, Mr McCain accused Mr Obama of lying and of having ties to a domestic "terrorist".
Mr McCain also accused his Democratic rival of wanting to raise taxes.
Mr Obama sought to link Mr McCain with President Bush and said he was running a negative campaign. Immediate voter polls found Mr Obama came out on top.
A CNN poll of people watching Wednesday's debate said Mr Obama won by 58% to 31%, while a CBS survey found the Democrat the winner by 53% to 22%.
A poll of undecided independent voters by US network Fox also suggested Mr Obama was the victor.
Who is 'Joe the plumber'?
Mr McCain's reference to Mr Obama's association with Bill Ayers, once a member of a US group that waged a violent campaign against the Vietnam War, continued the main Republican line of attack from the past 10 days.
Mr Obama rejected Mr McCain's criticism over Mr Ayers - now a university professor with whom he has served on a charity board - pointing out that he had been a child at the time of Mr Ayers' radical activities.
"Mr Ayers is not involved in my campaign," he said.
Mr McCain, senator for Arizona, also accused Mr Obama of big spending on attack ads.
The Illinois senator responded that 100% of Mr McCain's political adverts had been negative and that voters were more interested at this point in how the candidates planned to fix the economy.
'Spread the wealth'
The 90-minute debate, held at Hofstra University in Long Island, New York, with moderator Bob Schieffer of CBS News, elicited more direct confrontations between the candidates than their two previous encounters.
Again, McCain seems harsher, but is this not what debating is all about?
BBC North America editor Justin Webb
Read Justin's thoughts in full Blow by blow: McCain v Obama Send us your comments
Both candidates sought to explain how they would make their promised economic packages and spending plans fit with a rising US budget deficit.
Mr McCain said he would be able to balance the federal budget by cutting wasteful spending and urged voters to compare the records of the two candidates.
He used the example of "Joe the plumber" from Ohio who expressed concern about what Mr Obama's tax plans might mean for his business after meeting the Democrat at the weekend.
Mr Obama rejected Mr McCain's charge that he planned to raise taxes on higher earners to "spread the wealth around", saying that "nobody likes taxes" but that investment in the economy was necessary.
The debate produced some memorable moments
Enlarge Image
Mr McCain sought to fight back against Mr Obama's attempt to link him to the policies of the Bush administration.
"Senator Obama, I am not President Bush. If you wanted to run against President Bush, you should have run four years ago," he said.
Mr Obama countered: "If I have occasionally mistaken your policies for George Bush's policies, it's because on the core economic issues that matter to the American people, on tax policy, on energy policy, on spending priorities you have been a vigorous supporter of President Bush."
The two candidates also traded blows over their policies on energy.
While Mr Obama spoke about his support for alternative energy sources and the need for the US to build highly fuel efficient cars, Mr McCain voiced his backing for offshore drilling and nuclear power.
WhatUwish4: Hmmmmm... I checked the AOL poll when signing in just now and it shows McCain won the debate by one percentage point. Don't get too cocky yet folks. Seems we all see what we want to see....
I think it only matters if he won it in your heart.
Here's a nice overview of the two candidates and their economic plans. From the Heritage foundation this morning...
Growth (McCain) Vs. Redistribution (Obama)
The difference between Obama and McCain on taxes is that where the two do propose minor changes, Obama wants to use the tax code to redistribute wealth while McCain wants to use the tax code to create it.
The Bush tax cuts Obama and McCain want to preserve include lower tax rates for most income brackets, an increase in the child tax credit, and a reduction of the marriage penalty. Both candidates also want to limit but not repeal the Alternative Minimum Tax and both have voiced intentions to lower the death tax. These are all positive developments. Unfortunately, both candidates also propose to further complicate an already hopelessly complicated tax code.
For all their similarities, the two plans have important distinctions. The most important is that McCain’s tax proposals emphasize job creation and raising wages. Obama’s tax proposals exemplify his view that redistributing income among citizens is more important than increasing their earnings and creating jobs. This view is apparent in his proposal to raise income taxes dramatically on individuals and small businesses earning more than $250,000.
Defending his plan in Toledo, Ohio, on Sunday, Obama said, “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. I think when you spread the wealth around, it’s good for everybody.” Unfortunately, the facts do not back up Obama’s claim. Using tax models and tax information from other sources as inputs into Global Insight’s U.S. Macroeconomic Model, Heritage’s Center for Data Analysis just released a study estimating the side-by-side economic effects of the two plans. According to CDA, by 2018 the economy would be more than $320 billion larger (after inflation), and average household income would be more than $2,600 greater under the McCain plan than under the Obama plan.
NPR.org, October 15, 2008 · Joe Wurzelbacher, an Ohio man looking to buy a plumbing business, came to symbolize the notion of spreading the wealth in Wednesday night's third and final presidential debate between Democrat Barack Obama and Republican John McCain.
Earlier this week, when Wurzelbacher got a chance to speak with Obama during a campaign appearance in Toledo, he told Obama that his tax plan would keep him from buying the business that currently employs him.
Sensing an opportunity during the debate, McCain cited that exchange when the candidates were asked to explain why their economic plans are better than their opponent's. McCain said Obama's plan would stop entrepreneurs from investing in new small businesses and keep existing ones from growing.
"Joe wants to buy the business that he has been in for all of these years, worked 10, 12 hours a day. And he wanted to buy the business but he looked at your tax plan and he saw that he was going to pay much higher taxes," McCain challenged Obama.
"You were going to put him in a higher tax bracket which was going to increase his taxes, which was going to cause him not to be able to employ people, which Joe was trying to realize the American dream," McCain said.
McCain then looked directly into the television camera and said: "Joe, I want to tell you, I'll not only help you buy that business that you worked your whole life for and I'll keep your taxes low and I'll provide available and affordable health care for you and your employees. And I will not stand for a tax increase on small business income."
Obama denied that was true.
"Not only do 98 percent of small businesses make less than $250,000, but I also want to give them additional tax breaks, because they are the drivers of the economy," Obama said. "They produce the most jobs."
So what did Wurzelbacher (pronounced whur-zell-BAHK-er) think about becoming the center of the debate?
"It's pretty surreal, man, my name being mentioned in a presidential campaign," he said minutes after hearing McCain utter his name.
Wurzelbacher came up again when the debate turned to a discussion of health care policies. McCain charged that Obama's plan would fine the company Wurzelbacher wanted to buy; Obama said small businesses were exempt.
"Hey Joe, you're rich. Congratulations," McCain said mockingly.
Wurzelbacher said Obama's reaction left him feeling uneasy.
"I didn't think much of it the first time I heard it," Wurzelbacher said, adding that he still thinks Obama's plan would keep him from buying the business.
About McCain: "He's got it right as far as I go."
Even so, Wurzelbacher declined to say which candidate would get his vote on Nov. 4.
I'm not too worried about Joe to tell the truth. He obviously still has money, probably a home and is not about to self destruct.
Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after a stream of disheartening data convinced Wall Street that a recession, if not already here, is inevitable.
"Even though the banking sector may be returning to normal, the economy still isn't. The economy continues to face a host of other problems," said Doug Roberts, chief investment strategist at ChannelCapitalResearch.com. "We're in for a tough ride."
So God bless Joe and everyone like him but it's a real bad time to buy any business, he's do better to hunker down don't you think?
Pasadena woman facing eviction is found dead in burning home
Firefighters discover the body of Wanda Dunn, 53, in a back room of the house, which was in foreclosure. Police say she had suffered a gunshot wound, and a gun was found nearby....
There are people dying and disparing, where are they going to live now they are evicted, how are they going to feed their family, how are they going to make it at all.
Pasadena woman facing eviction is found dead in burning home
Firefighters discover the body of Wanda Dunn, 53, in a back room of the house, which was in foreclosure. Police say she had suffered a gunshot wound, and a gun was found nearby....
There are people dying and disparing, where are they going to live now they are evicted, how are they going to feed their family, how are they going to make it at all.
I'm not too worried about Joe.
I'm not too worried about her. She's room temperature now.
I'm worried about Joe. He's part of the big engine that keeps this economy going. Small business.
Indyfella: I'm not too worried about her. She's room temperature now. I'm worried about Joe. He's part of the big engine that keeps this economy going. Small business.
Yeah well....You should be worried about that woman...cause someday...it could be you...a family member or a close friend...that's what usually ends up happening when we live in a "It'll never happen to me world"....Then and only then do we see the true and real gut wrenching impacts...because it's personal...in the meantime...we should have seen it all along..because it didn't suddenly change and get worse just because it now hits closer to home....I have seen it time and time again...where people only think about themselves and won't dare take a step to help someone else...yet they are the first ones standing there wanting help from the very people they refused to help in the first place...Why???? Because they have experience at the very same problem....a time when victim # 2 was only too happy to sit back and judge and say...glad it's not me....
As for small business....If 98% of small businesses don't make over 250,0000...then what's the difference...you will have 2% of those businesses taxed.... not to mention...tax cuts and breaks sound good...but in this economy right now..they aren't reality...unless you want things to stay the way they are....
Hugz_n_Kissez: Yeah well....You should be worried about that woman...cause someday...it could be you...a family member or a close friend...that's what usually ends up happening when we live in a "It'll never happen to me world"....Then and only then do we see the true and real gut wrenching impacts...because it's personal...in the meantime...we should have seen it all along..because it didn't suddenly change and get worse just because it now hits closer to home....I have seen it time and time again...where people only think about themselves and won't dare take a step to help someone else...yet they are the first ones standing there wanting help from the very people they refused to help in the first place...Why???? Because they have experience at the very same problem....a time when victim # 2 was only too happy to sit back and judge and say...glad it's not me.... As for small business....If 98% of small businesses don't make over 250,0000...then what's the difference...you will have 2% of those businesses taxed.... not to mention...tax cuts and breaks sound good...but in this economy right now..they aren't reality...unless you want things to stay the way they are....
I still have no clue as to what government does to really help out small businesses. They decreased the amount of time to put lien rights on to a property you've done work on, they've never given me a loan or tax breaks, they've upped my my tax rate, they've made the red tape and BS almost impossible to decipher on workman's comp and even less affordable than ever, yet you have to pay it if you have employees. Never mind, maybe things are rosier than hell in the US for small business.
Sad way to go for that woman, but I know firsthand what the stress she was under can be like. It sucks when some a**hole doesn't pay you for a job you've done and the wolves are at the door ready to take everything you have.
Hugz_n_Kissez: Yeah well....You should be worried about that woman...cause someday...it could be you...a family member or a close friend...that's what usually ends up happening when we live in a "It'll never happen to me world"....Then and only then do we see the true and real gut wrenching impacts...because it's personal...in the meantime...we should have seen it all along..because it didn't suddenly change and get worse just because it now hits closer to home....I have seen it time and time again...where people only think about themselves and won't dare take a step to help someone else...yet they are the first ones standing there wanting help from the very people they refused to help in the first place...Why???? Because they have experience at the very same problem....a time when victim # 2 was only too happy to sit back and judge and say...glad it's not me.... As for small business....If 98% of small businesses don't make over 250,0000...then what's the difference...you will have 2% of those businesses taxed.... not to mention...tax cuts and breaks sound good...but in this economy right now..they aren't reality...unless you want things to stay the way they are....
More to the point, she can't be brought back to life sadly. We never know what people have done that got them from point a to point b in life.
I've already got the a couple of family members who have been left with large sums of money. More than I'll ever see. One of them took a "socialistic" approach and tried to save the world; buying a car for this person and downpayments for another person's house...eventually she pissed it away..dollar by dollar. For each of them, it took less than 5 years for them to end up in govt housing. I think both are still clueless.
Our primary responsibility is to assure we don't become a burden for others. Obviously there are situations that can put us in places we don't want to be in life. I'll give you that one.
Indyfella: More to the point, she can't be brought back to life sadly. We never know what people have done that got them from point a to point b in life.
I've already got the a couple of family members who have been left with large sums of money. More than I'll ever see. One of them took a "socialistic" approach and tried to save the world; buying a car for this person and downpayments for another person's house...eventually she pissed it away..dollar by dollar. For each of them, it took less than 5 years for them to end up in govt housing. I think both are still clueless.
Our primary responsibility is to assure we don't become a burden for others. Obviously there are situations that can put us in places we don't want to be in life. I'll give you that one.
You cannot help the poor by destroying the the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage earner down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people's initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves. ~ Abraham Lincoln ~
The_Kansan: You cannot help the poor by destroying the the rich. You cannot strengthen the weak by weakening the strong. You cannot bring about prosperity by discouraging thrift. You cannot lift the wage earner up by pulling the wage earner down. You cannot further the brotherhood of man by inciting class hatred. You cannot build character and courage by taking away people's initiative and independence. You cannot help people permanently by doing for them, what they could and should do for themselves. ~ Abraham Lincoln ~
Nice post Kansan but I think you're gonna get hammered for quoting a Republican like that... Never mind the same words are true today.
The_Kansan: Actually Sparky, Lincoln was a Democrat - It's just that, back then, Democrats were the conservative party and Republicans were considered liberal.
Isn't it funny how the parties made a 180 degree change in the course of about 60 years after the Civil war?
My mistake! Lincoln was indeed a Republican! But still, the parties were "reversed" back then... Oops!
The_Kansan: My mistake! Lincoln was indeed a Republican! But still, the parties were "reversed" back then... Oops!
Not a problem Kansan. I once made a mistake too. One time I thought I had made a mistake and was mistaken about that..
On a serious note. There was a really good biography on Lincoln, yesterday on the history channel. He, despite his faults and the civil war was one of if not the best one we've had thus far. JMHO
Polls still looks fabulous both in here and in the real world as well!
60-40 in benefit of Obama...... and concidering Bradley Effect.....Obama will win like 54-46 agaisnt the old war monger dude in November the Fourth!!!!!!
Hot_Single_Dude: Polls still looks fabulous both in here and in the real world as well!
60-40 in benefit of Obama...... and concidering Bradley Effect.....Obama will win like 54-46 agaisnt the old war monger dude in November the Fourth!!!!!!
I usually avoid gloating but if McCain wins I'm going to rag your butt every chance I get. Not because I will be overjoyed but because I am so sick of hearing you call him an old war monger dude. Old war monger would be fine but when you add the dude part it really insulting.
Sparky55: I usually avoid gloating but if McCain wins I'm going to rag your butt every chance I get. Not because I will be overjoyed but because I am so sick of hearing you call him an old war monger dude. Old war monger would be fine but when you add the dude part it really insulting.
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In a series of testy exchanges, Mr McCain accused Mr Obama of lying and of having ties to a domestic "terrorist".
Mr McCain also accused his Democratic rival of wanting to raise taxes.
Mr Obama sought to link Mr McCain with President Bush and said he was running a negative campaign. Immediate voter polls found Mr Obama came out on top.
A CNN poll of people watching Wednesday's debate said Mr Obama won by 58% to 31%, while a CBS survey found the Democrat the winner by 53% to 22%.
A poll of undecided independent voters by US network Fox also suggested Mr Obama was the victor.
Who is 'Joe the plumber'?
Mr McCain's reference to Mr Obama's association with Bill Ayers, once a member of a US group that waged a violent campaign against the Vietnam War, continued the main Republican line of attack from the past 10 days.
Mr Obama rejected Mr McCain's criticism over Mr Ayers - now a university professor with whom he has served on a charity board - pointing out that he had been a child at the time of Mr Ayers' radical activities.
"Mr Ayers is not involved in my campaign," he said.
Mr McCain, senator for Arizona, also accused Mr Obama of big spending on attack ads.
The Illinois senator responded that 100% of Mr McCain's political adverts had been negative and that voters were more interested at this point in how the candidates planned to fix the economy.
'Spread the wealth'
The 90-minute debate, held at Hofstra University in Long Island, New York, with moderator Bob Schieffer of CBS News, elicited more direct confrontations between the candidates than their two previous encounters.
Again, McCain seems harsher, but is this not what debating is all about?
BBC North America editor Justin Webb
Read Justin's thoughts in full
Blow by blow: McCain v Obama
Send us your comments
Both candidates sought to explain how they would make their promised economic packages and spending plans fit with a rising US budget deficit.
Mr McCain said he would be able to balance the federal budget by cutting wasteful spending and urged voters to compare the records of the two candidates.
He used the example of "Joe the plumber" from Ohio who expressed concern about what Mr Obama's tax plans might mean for his business after meeting the Democrat at the weekend.
Mr Obama rejected Mr McCain's charge that he planned to raise taxes on higher earners to "spread the wealth around", saying that "nobody likes taxes" but that investment in the economy was necessary.
The debate produced some memorable moments
Enlarge Image
Mr McCain sought to fight back against Mr Obama's attempt to link him to the policies of the Bush administration.
"Senator Obama, I am not President Bush. If you wanted to run against President Bush, you should have run four years ago," he said.
Mr Obama countered: "If I have occasionally mistaken your policies for George Bush's policies, it's because on the core economic issues that matter to the American people, on tax policy, on energy policy, on spending priorities you have been a vigorous supporter of President Bush."
The two candidates also traded blows over their policies on energy.
While Mr Obama spoke about his support for alternative energy sources and the need for the US to build highly fuel efficient cars, Mr McCain voiced his backing for offshore drilling and nuclear power.
BBC News