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Financial Crisis Looms Over 1st Debate

John McCain faced a tough challenge Friday in his first debate with Barack Obama, the 98-minute bout grew more heated by the minute

CLICK HERE for Presidential Debate. CLICK HERE for transcript

"Sen. Obama doesn't seem to understand," McCain said in several variations, with a sad half-smile that seemed to mix condescension and distaste. "I honestly don't believe that Sen. Obama has the knowledge or experience" to make a good president, McCain said.

Obama hit hard on the war in Iraq. "John," Obama said, "when the war started, you said it was going to be quick and easy. You said we knew where the weapons of mass destruction were. You were wrong. You said that we were going to be greeted as liberators. You were wrong.

McCain cites the need to cut government spending, while Obama seeks to link his rival to failed Bush economic policies.

More on Debate >>

Three Weeks of Financial Turmoil

CLICK HERE for MultiMedia critique

News of a Breakthrough on Bailout Bill.

The partisan brinkmanship continues with all of the acrimony that usually accompanies the final throes of a major legislative bargaining session.

Republicans accused Democrats of trying to add benefits for special interest groups, including labor unions and advocates of affordable housing,

Democrats accused Republicans of trying to undermine the efforts to limit executive pay at firms that seek government help and trying to change accounting rules to benefit big business.

This Week's Top Election Stories & Events
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This Week's  Serious Bad 'Viral Video Special
TV News Fact-checks McCain's TV Ads.

 

This Week's  Funny Good 'Viral Video Special
On Jay Leno:   A 'Joke Government Cabinet"

 

This Week's Editorial
About How Dad Died & Left Nothing but Bills.

 

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