Second Presidential Debate Summary

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Analysis of Second Presidential Debate The Second Presidential Debate was held on October 7, 2008 at Belmont University, Nashville, Tennessee. Senator Obama calls the current financial crisis worst financial crisis since the Great Depression. He criticizes the failed economic policies of the last eight years, strongly promoted by President Bush and supported by Senator McCain. He disagrees with Senator McCain the fact that the fundamentals of the economy were sound. He says that the biggest problem in this whole process was the deregulation of the financial system. He questions Senator McCain’s belief that deregulation is the way free economy works. He says that we still have an archaic 20th-century regulatory system for 21st-century financial markets. He outlines his policy…show more content…
Senator McCain on the other hand says that he would order the secretary of the treasury to immediately buy up the bad home loan mortgages in America so that people are able to make their mortgage payments and retain their homes. He accuses Senator Obama and his friends in Washington of making risky loans and giving them to people who could never afford to pay back. He accuses Senator Obama to be the second highest recipient of Fannie Mae and Freddie Mac money in history. Senator McCain criticizes Senator Obama’s liberal big spending recording in the US Senate and his involvement in pork barrel projects. Senator McCain explains his record of bipartisanship and says that the situation today cries out for bipartisanship. He attacks Senator Obama’s bipartisan record alleging that he never voted against party lines. Senator McCain wants to give every American a $5,000 refundable tax credit whereas Senator Obama wants a 50 percent tax credit so that small companies can buy health insurance for their workers. He also assures to lower the cost of insurance premiums by up to $2,500 a year. He believes in investing in prevention and use information technology

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