2nd Presidential Debate: Transcript (10-7-08)

Barack Obama and John McCain have the second presidential debate in Nashville, Tennessee. This time it was a townhall-style format. Read the transcript (NY Times) (see the video).

Obama:

It means that we are cracking down on CEOs and making sure that they're not getting bonuses or golden parachutes as a consequence of this package. And, in fact, we just found out that AIG, a company that got a bailout, just a week after they got help went on a $400,000 junket.

And I'll tell you what, the Treasury should demand that money back and those executives should be fired. But that's only step one. The middle-class need a rescue package. And that means tax cuts for the middle-class.

McCain:

You know that home values of retirees continues to decline and people are no longer able to afford their mortgage payments. As president of the United States, Alan, I would order the secretary of the treasury to immediately buy up the bad home loan mortgages in America and renegotiate at the new value of those homes -- at the diminished value of those homes and let people be able to make those -- be able to make those payments and stay in their homes.

Obama:

Well, Oliver, first, let me tell you what's in the rescue package for you. Right now, the credit markets are frozen up and what that means, as a practical matter, is that small businesses and some large businesses just can't get loans.

If they can't get a loan, that means that they can't make payroll. If they can't make payroll, then they may end up having to shut their doors and lay people off.

McCain:

I left my campaign and suspended it to go back to Washington to make sure that there were additional protections for the taxpayer in the form of good oversight, in the form of taxpayers being the first to be paid back when our economy recovers -- and it will recover -- and a number of other measures.

But you know, one of the real catalysts, really the match that lit this fire was Fannie Mae and Freddie Mac. I'll bet you, you may never even have heard of them before this crisis.

But you know, they're the ones that, with the encouragement of Sen. Obama and his cronies and his friends in Washington, that went out and made all these risky loans, gave them to people that could never afford to pay back.

Obama:

And so while it's true that nobody's completely innocent here, we have had over the last eight years the biggest increases in deficit spending and national debt in our history. And Sen. McCain voted for four out of five of those George Bush budgets.

So here's what I would do. I'm going to spend some money on the key issues that we've got to work on.

You know, you may have seen your health care premiums go up. We've got to reform health care to help you and your budget.

We are going to have to deal with energy because we can't keep on borrowing from the Chinese and sending money to Saudi Arabia. We are mortgaging our children's future. We've got to have a different energy plan.

We've got to invest in college affordability. So we're going to have to make some investments, but we've also got to make spending cuts. And what I've proposed, you'll hear Sen. McCain say, well, he's proposing a whole bunch of new spending, but actually I'm cutting more than I'm spending so that it will be a net spending cut.

McCain:

I first proposed a long time ago that we would have to examine every agency and every bureaucracy of government. And we're going to have to eliminate those that aren't working.

I know a lot of them that aren't working. One of them is in defense spending, because I've taken on some of the defense contractors. I saved the taxpayers $6.8 billion in a deal for an Air Force tanker that was done in a corrupt fashion.

I believe that we have to eliminate the earmarks. And sometimes those projects, not -- not the overhead projector that Sen. Obama asked for, but some of them that are really good projects, will have -- will have to be eliminated, as well.

And they'll have to undergo the same scrutiny that all projects should in competition with others.

So we're going to have to tell the American people that spending is going to have to be cut in America. And I recommend a spending freeze that -- except for defense, Veterans Affairs, and some other vital programs, we'll just have to have across-the-board freeze.

SNL's Tina Fey Spoofs Palin, VP Debate: Transcript, Video (10-4-08)

This is the third hysterical installment of Tina Fey's playing of Sarah Palin on Saturday Night Live(SNL). This time she is poking fun at the VP debate. See the video and read the complete transcript of the show.

TINA FEY AS GOV. SARAH PALIN: "Can I call you, 'Joe?'"

JASON SUDEIKIS AS SEN. JOE BIDEN: "Of course."

FEY AS PALIN: "OK, 'cause I practiced a couple of zingers where I call you Joe."

LATIFAH AS IFILL: "Now tonight's discussion will cover a wide range of topics including domestic and foreign policy matters. Each candidate will have 90 seconds to respond to a direct question and then an additional two minutes for rebuttal and follow-up. As moderator, I will not ask any follow-up questions beyond 'do you agree?' or 'your response?' so as not to appear biased for Barack Obama in light of my new book (holding up book) 'The Breakthrough: Politics of Race in the Age of Obama,' coming out on inauguration day and available for pre-order on Amazon.com. And finally, we would like to remind our audience that due to the historically low expectations for Governor Palin, were she simply to do an adequate job tonight, and at no point cry, faint, run out of the building or vomit you should consider the debate a tie. Alright, let's begin. Senator Biden, how, as Vice President would you work to shrink the gap of polarization that has sprung up in Washington?

SUDEIKIS AS BIDEN: "Well, I would do what I have done my whole career, whether it's been dealing with violence against women or putting 100,000 police officers in the streets. I would reach across the aisle. Like I've done with so many members of the other party. Members like John McCain. Because look, I love John McCain. He is one of my dearest friends. But at the same time, he's also dangerously unbalanced. I mean, let's be frank, John McCain -- and again, this is a man I would take a bullet for -- is bad at his job and mentally unstable. As my mother would say, 'God love him, but he's a raging maniac...' and a dear, dear friend."

LATIFAH AS IFILL: "Governor Palin. How will your administration deal with the current financial crisis?"

FEY AS PALIN: "Well first of all, let me say how nice it is to meet Joe Biden. And may I say, up close your hair plugs don't look nearly as bad as everyone says. You know, John McCain and I, we're a couple of mavericks. And gosh darnit, we're gonna take that maverick energy right to Washington and we're gonna use it to fix this financial crisis and everything else that's plaguin'
this great country of ours."

LATIFAH AS IFILL: "How will you solve the financial crisis by being a maverick?"

FEY AS PALIN: "You know we're gonna take every aspect of the crisis and look at it and then we're gonna ask ourselves, 'what would a maverick do in this situation?' And then, you know, we'll do that." (SHE winks.)

- Related Posts:

• Tina Fey Plays Sarah Palin, Again: Video (9-27-08)
• Tina Fey as Palin on SNL: Transcript, Video

Presidential Debate Transcript (9-26-08)

Read the full transcript (NYTimes; also includes full video) of the first presidential debate held at the University of Mississippi.

LEHRER: All right, let's go back to my question. How do you all stand on the recovery plan? And talk to each other about it. We've got five minutes. We can negotiate a deal right here.

But, I mean, are you -- do you favor this plan, Senator Obama, and you, Senator McCain? Do you -- are you in favor of this plan?

OBAMA: We haven't seen the language yet. And I do think that there's constructive work being done out there. So, for the viewers who are watching, I am optimistic about the capacity of us to come together with a plan.

The question, I think, that we have to ask ourselves is, how did we get into this situation in the first place?

Two years ago, I warned that, because of the subprime lending mess, because of the lax regulation, that we were potentially going to have a problem and tried to stop some of the abuses in mortgages that were taking place at the time.

Last year, I wrote to the secretary of the Treasury to make sure that he understood the magnitude of this problem and to call on him to bring all the stakeholders together to try to deal with it.

So -- so the question, I think, that we've got to ask ourselves is, yes, we've got to solve this problem short term. And we are going to have to intervene; there's no doubt about that.

But we're also going to have to look at, how is it that we shredded so many regulations? We did not set up a 21st-century regulatory framework to deal with these problems. And that in part has to do with an economic philosophy that says that regulation is always bad.

LEHRER: Are you going to vote for the plan, Senator McCain?

MCCAIN: I -- I hope so. And I...

LEHRER: As a United States senator...

MCCAIN: Sure.

LEHRER: ... you're going to vote for the plan?

MCCAIN: Sure. But -- but let me -- let me point out, I also warned about Fannie Mae and Freddie Mac and warned about corporate greed and excess, and CEO pay, and all that. A lot of us saw this train wreck coming.

But there's also the issue of responsibility. You've mentioned President Dwight David Eisenhower. President Eisenhower, on the night before the Normandy invasion, went into his room, and he wrote out two letters.

One of them was a letter congratulating the great members of the military and allies that had conducted and succeeded in the greatest invasion in history, still to this day, and forever.

And he wrote out another letter, and that was a letter of resignation from the United States Army for the failure of the landings at Normandy.

Somehow we've lost that accountability. I've been heavily criticized because I called for the resignation of the chairman of the Securities and Exchange Commission. We've got to start also holding people accountable, and we've got to reward people who succeed.

But somehow in Washington today -- and I'm afraid on Wall Street -- greed is rewarded, excess is rewarded, and corruption -- or certainly failure to carry out our responsibility is rewarded.

As president of the United States, people are going to be held accountable in my administration. And I promise you that that will happen.

LEHRER: Do you have something directly to say, Senator Obama, to Senator McCain about what he just said?

OBAMA: Well, I think Senator McCain's absolutely right that we need more responsibility, but we need it not just when there's a crisis. I mean, we've had years in which the reigning economic ideology has been what's good for Wall Street, but not what's good for Main Street.

And there are folks out there who've been struggling before this crisis took place. And that's why it's so important, as we solve this short-term problem, that we look at some of the underlying issues that have led to wages and incomes for ordinary Americans to go down, the -- a health care system that is broken, energy policies that are not working, because, you know, 10 days ago, John said that the fundamentals of the economy are sound.

LEHRER: Say it directly to him.

OBAMA: I do not think that they are.

LEHRER: Say it directly to him.

OBAMA: Well, the -- John, 10 days ago, you said that the fundamentals of the economy are sound. And...

MCCAIN: Are you afraid I couldn't hear him?

LEHRER: I'm just determined to get you all to talk to each other. I'm going to try.

OBAMA: The -- and I just fundamentally disagree. And unless we are holding ourselves accountable day in, day out, not just when there's a crisis for folks who have power and influence and can hire lobbyists, but for the nurse, the teacher, the police officer, who, frankly, at the end of each month, they've got a little financial crisis going on.

They're having to take out extra debt just to make their mortgage payments. We haven't been paying attention to them. And if you look at our tax policies, it's a classic example.

LEHRER: So, Senator McCain, do you agree with what Senator Obama just said? And, if you don't, tell him what you disagree with.

MCCAIN: No, I -- look, we've got to fix the system. We've got fundamental problems in the system. And Main Street is paying a penalty for the excesses and greed in Washington, D.C., and on Wall Street.

So there's no doubt that we have a long way to go. And, obviously, stricter interpretation and consolidation of the various regulatory agencies that weren't doing their job, that has brought on this crisis.

But I have a fundamental belief in the goodness and strength of the American worker. And the American worker is the most productive, the most innovative. America is still the greatest producer, exporter and importer.

But we've got to get through these times, but I have a fundamental belief in the United States of America. And I still believe, under the right leadership, our best days are ahead of us.

- Related Links:

• Poll Results for First Presidential Debate
• Poll: Obama won presidential debate - UPI.com
• CBS Poll: Obama Boosted Most By Debate
• Who Won The Debate? Reviews Go To Obama
• Why Voters Thought Obama Won (And Why the Pundits Didn't Get It)

Hollywood Democratic Presidential Debate Transcript 1-31-08

It was one-on-one for Hillary Clinton and Barack Obama. There was no knockout and the tone was civil. Barack gave his typical thoughtful performance. Hillary gave her usual talking points/memorized/all-things-to-all-people presentation. Unfortunately, this automaton will win the nomination. Whether she can beat McCain is another question. The American people once again have no choice from among the two parties in November. There is an alternative choice.

Here are some excerpts. Read the entire Transcript:

MR. MCMANUS: A question about the issue of Iraq. Senator Clinton, you've both called for a gradual withdrawal of combat troops from Iraq, but Senator Obama says he wants all combat troops out within 16 months of his Inauguration, and you haven't offered a specific end date. Why shouldn't voters worry that your position could turn into an open-ended commitment?

SEN. CLINTON: Well, because, Doyle, I have been very clear in saying that I will begin to withdraw troops in 60 days. I believe that it will take me one to two brigades a month, depending upon how many troops we have there, and that nearly all of them should be out within a year.

It is imperative, though, that we actually plan and execute this right. And you may remember last spring I got into quite a back-and- forth with the Pentagon because I was concerned they were not planning for withdrawal, because that was contrary to their strategy or their stated position. And I began to press them to let us know, and they were very resistant and gave only cursory information to us.

So I've said that I will ask the Joint Chiefs and the secretary of Defense and my security advisers the very first day I'm president to begin to draw up such a plan so that we can withdraw.

But I just want to be very clear with people that it's not only bringing our young men and women and our equipment out -- which is dangerous; they've got to go down those same roads where they have been subjected to bombing and so much loss of life and injury. We have to think about what we're going to do with the more than 100,000 American civilians who are there, working for the embassy, working for businesses, working for charities.

And I also believe we've got to figure out what to do with the Iraqis who sided with us. You know, a lot of the drivers and translators saved so many of our young men and women's lives, and I don't think we can walk out on them without having some plan as to how to take care of those who are targeted.

At the same time, we've got to tell the Iraqi government there is no -- there is no more time. They're out of time. They've got to make the tough decisions they have avoided making. They've got to take responsibility for their own country. (Applause.)

And, you know, I think both Barack and I have tried in these debates, and sometimes been pushed by some of our opponents, to be as responsible as we can be, because we know that this president, based on what he said in the State of the Union, intends to leave at least 130,000, if not more, troops in Iraq as he exits. It's the most irresponsible abdication of what should be a presidential commitment to end what he started.

So we will inherit it. And therefore, I will do everything I can to get as many of our troops out as quickly as possible, taking into account all of these contingencies that we're going to have to contend with once we're in charge and once we can get into the Pentagon to figure out what's really there and what's going on.

Barack on Iraq:

MR. BLITZER: Senator -- look, I want you to respond, Senator, but also in the context of what we've heard from General David Petraeus, that there has been some progress made lately, the number of U.S. casualties has gone down, there has been some stability in parts of Iraq where there was turmoil before, and that any quick -- overly quick -- withdrawal could undermine all of that, and all of that progress would be for naught. What do you say when you'll hear that argument?

SEN. OBAMA: I welcome the progress. This notion that Democrats don't want to see progress in Iraq is ridiculous. I have to hug mothers in rope lines during town hall meetings as they weep over their fallen sons and daughters.

I want to get our troops home safely, and I want us as a country to have this mission completed honorably. But the notion that somehow we have succeeded as a consequence of the recent reductions in violence means that we have set the bar so low it's buried in the sand at this point. (Cheers, applause.)

We -- and I said this before -- we went from intolerable levels of violence and a dysfunctional government to spikes and horrific levels of violence and a dysfunctional government, and now two years later we're back to intolerable levels of violence and a dysfunctional government. And in the meantime, we have spent billions of dollars, lost thousands of lives; thousands more have been maimed and injured as a consequence and are going to have difficulty putting their lives back together again.

So, understand that this has undermined our security. In the meantime, Afghanistan has slid into more chaos than existed before we went into Iraq.

I am happy to have that argument. I also think it is going to be important, though, for the Democrats -- you know, Senator Clinton mentioned the issue of gravitas and judgment. I think it is much easier for us to have the argument when we have a nominee who says, "I always thought this was a bad idea, this was a bad strategy."

(Applause.) It was not just a problem of execution -- it was not just a problem of execution.

I mean, they screwed up the execution of it in all sorts of ways. And I think even Senator McCain has acknowledged that.

The question is, can we make an argument that this was a conceptually flawed mission from the start, and that we need better judgment when we decide to send our young men and women into war, that we are making absolutely certain that it is because there is a imminent threat, that American interests are going to be protected, that we have a plan to succeed and to exit, that we are going to train our troops properly and equip them properly and put them on proper rotations and treat them properly when they come home?

And that is an argument that I think we are going to have a easier time making if they can't turn around and say, but hold on a second; you supported this. And that's part of the reason why I think that I would be the strongest nominee on this argument of national security. (Cheers, applause.)

Florida Republican Presidential Debate Transcript

Romney is ahead in the polls in Florida and he did very well in Thursday's debate. McCain might not have it wrapped-up after all. It was clever for the candidates to avoid attacking each other. It drew a obvious contrast to the squabbling among the Democrats. Read the Entire transcript here. Here's an excerpt:

MR. WILLIAMS: So to our candidates, gentlemen, welcome to you all. Thank you for being here, and let's begin. And Governor Romney, I thought we'd begin with you. The president just today signed off on this economic stimulus plan that would send out 116 million checks to American homes. The plan is somewhat contrary to yours, providing lots of short-term stimulus to individuals. Your plan, as you know, focuses as much on the long term as the short term. Are you disappointed that your recipe for the economy was not embraced by the president? And as a follow-up, will you now embrace his plan?

MR. ROMNEY: Well, there's a great deal that is effective in his plan. I just wish it went further. What's effective is, first, he's getting money back to consumers. And given the fact that two-thirds of our economy is a consumer economy, getting money back into the hands of our citizens, a lot of them paying a lot for gasoline, a lot for heating oil, a lot of people concerned about how to make ends meet, that makes sense to me. Mine was a little different. It had a permanent tax cut for people at the lowest income tax bracket. I also have a savings plan for individuals that allows folks who are making under $200,000 a year to save their money tax free, no (interest on ?) interest, dividends or capital gains. I guess we can get to that later. But his first start to help the consumers is a good start.

I just think we need to go further.

Second, we go to -- to corporate support and helping corporations have the incentive to buy more capital equipment. That he also does. I do it more aggressively than he does by writing off a larger amount of capital expenditures -- getting companies to, frankly, buy more stuff so that as they do so that other companies will hire people because if you want to turn an economy around, the key thing is to grow jobs. It's not just to get checks in the hands of consumers; it's consumers buying things that creates jobs. It's companies buying things that create jobs.

And then finally, his last leg is with regards to helping the FHA take on a broader array of -- of -- of homes that are in trouble, homeowners that are in trouble. And that's really very important, and I'm appreciative of the fact that the president took that step. We -- we really have across the country a housing crisis, a mortgage crisis, that seems to have spilled out into the entire economy, and -- and the effect of this, of course, is to put a lot of pain against a lot of people. And so helping reverse the housing crisis is critical.

And that's why expanding the FHA loan requirements, or excuse me, if you will, loosening those requirements and expanding the ability of FHA to help out homeowners would make a big difference. So net-net is something I support, and I look forward to taking it further.