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McCain Says It To Obama’s Face, And Wins Final Presidential Debate 3, October 15 2008

Posted by REALITYTV on Oct 16th, 2008 and filed under Debates 2008, Politics. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry | Viewed 113071 times.

During the past two weeks, Obama made a wish, he said McCain should “say it to his face”.

The format of this third debate gave Obama his wish, and it was clearly a case where Obama will remember the adage, “Be careful what you wish for”, because he got exactly that. This format allowed more of the type of interaction between the candidates we favor. McCain was able to attack Obama face to face. And instead of Obama’s usual calm smile, he wore a nervous smirk through much of the debate.

McCain was able to unnerve Obama by attacking him on the issues. He hit Obama on the spending that he constantly promises without defining clearly how to pay for it. He confronted Obama about his associations with ACORN and Ayers, the terrorist in Obama’s past. And he clearly had Obama retreating on issues about his tax increases, CAFTA and energy independence. He even got Obama to say he was considering off shore drilling.

Obama was not the calm, “promise the world” candidate he had been prior to this debate. He could not attack the issues the same way, which had been to just promise more than his opponent. In this debate, on each promise he made, McCain called him on the issues. One clear example is the promise to only tax those that make more than $250,000 while promising health care for everyone even with pre-existing conditions. Something we know does not work from real life experience in Massachusetts.

McCain nailed Obama on a quote he made about “spreading the wealth around”. Obama tried to defend it, but came across as an errant Robin Hood. He once again threw out his intentionally misleading statistic that 98% (It was 98% this week, it was 95% last) of all businesses make less than $250,000. That statistic includes self-employed individuals, so it is a complete lie.

Most businesses that have more than two employees would be in the category that sees their taxes increase under Obama’s plan. And McCain was able to call Obama on this, using a plumber wishing to purchase a small business as an example of a man that would lose in Obama’s plan.  Obama tried to say that the business would not be taxed because he only would tax the “rich”. And McCain’s response was to congratulate the plumber on being “rich”. It was a subtle and superb comeback and it cut Obama to the quick. Obama’s qualification of “rich” includes many that no one would consider “rich”

Liberals will try to find the bright moments for Obama to attempt to declare him the winner, but in this debate, there weren’t many. His promises didn’t add up and McCain was nailing him on it. Obama did have one bright spot on health care, but it was once again using his usual tactic of promising the world to everyone.  McCain was quick to point out that tax increases on small businesses while forcing them to add health care benefits they cannot afford isn’t going to add up on a calculator.

Both candidates have cuts they promise, but Obama’s plans just have no compromise. They are all based on welfare programs and investing in our future. It is a great concept to invest in your future, but you “invest” when you have the money to invest. “Invest”ing money you do not have is gambling, on margin. The US here needs to stabilize its costs before it can “invest”. And there is not a fast solution in government that will reduce those costs that adds the types of expensive programs Obama endorses. It was plain in this debate, McCain was not going to roll over, and just let Obama go unanswered and unquestioned.

“That one”

This time “That One” had to stand up and answer some hard questions, and he was nowhere near as effective or believable in the process.

Obama and McCain were very close in the first debate. Obama clearly won the second. McCain clearly won the finale. It is our opinion, however, from what we have seen discussing the issues with people, the debates do not shape the election much. The candidates can confirm your opinion, but sway few. If Obama had won this debate, it may have swung more neutral voters his way, but he did not. So, we don’t believe he gains anything.

We believe McCain will gain 2 points or so in the polls, but it won’t be enough to swing the final vote Republican. This debate did, however, finally show the kink in the Obama armor. When hit point blank with the questions about how he will pay for his programs without hurting small business, he crumbled. That proves he is not the guardian of the middle class he claims to be. He is the defender of the public programs like welfare that have proven so very costly for America in the past.

We will be back to cover the issues in more detail after we get a chance to fully review the transcript of the debate.

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9 Responses for “McCain Says It To Obama’s Face, And Wins Final Presidential Debate 3, October 15 2008”

  1. Samantha (1 comments) says:

    DOYOU PEOPLE REALIZE WHAT IS GOING ON? OBAMA IS SAYING ALL THIS GOOD STUFF THAT YOU WANT TO HEAR TO ONLY LET YOUR HOPES DOWN, I WOULDNT DOUBT IF HE BECOMES PRESIDENT THAT AMERICA WILL BE INVOLVED IN MORE TERRORIST ACTIVITIES.. IT’LL BE THE NEXT 9-11 AND NO ONE WANTS THAT. I ALSO TINK THERE WILL BE MORE GANG VIOLENCE IN THE US AS WELL . I WOULD HAVE NEVER THOUGHT I WOULD BE ALIVE FOR A PRESIDENT ASSASINATION. AND PEOPLE ARE JUDGING PALINS PREGNANT DAUGHTER? HOW MANY PREGNANT TEENS ARE IN THIS WORLD?! ALOT! ITS REAL LIFE KIDS HAVE BABYS. READTHE EFFING NEWS

  2. realitytv (117 comments) says:

    Obama did not state clearly whether he was speaking of gross or net business income in the debate or in his discussion with Joe the Plumber. Some believe Obama is trying to be intentionally misleading on the issue.

    What we have found in our research is that Obama does say, buried deeply on his website, that the amount to be taxed would be the business’ net profit, not the gross receipts. So, that is a bit of a relief.

    However, what he qualifies as a small business is totally suspect. Small businesses according to the Small Business Administrations have average incomes of millions and can employ hundreds. Obama is including sole proprieterships which aren’t really businesses, they are just people filing taxes that are not on a W2. That includes the maid, a lone painter, etc. These are businesses by tax qualifications only, not true businesses in any sense of the word.

    It is also misleading to think about the business profits being take home pay. Businesses do not operate like Non-Profit organizations. If they do not have profits, they cannot invest in their business. Without that investment, the business will likely not grow. For example, if I am Joe, and i am going to buy a new plumbing truck the ensuing year, that with supplies will run me 100K, then I can’t deduct it this year. I have to buy the with my “profits”. If I want to hire someone new, I have to pay them out of profits until I can take the deductions the ensuing year. If I don’t have the profits, I do not have the cash flow to hire people or buy that truck. And equipment like the truck are depreciated over years, not deducted in their entirety so I need the cash flow consistently over the term of the time I am paying for that truck.

    True businesses, not small sole proprietors working independently, make much more than Obama implies and add up to more like 50% of the business qualified by the SBA as small.

    We will be writing another article shortly that will better explain this issue and how the two candidates plans impact small business. We believe we will explain it better than Obama, which is not the way it should be.

  3. joetheplumber (2 comments) says:

    Originally Posted By rickd@joetheplumber

    Take the time to read and understand Obama’s plan, and you’ll see that gross (total) earnings aren’t what matters. NET income is what will be used as the cutoff for taxes. Unless you EACH are making more than $250,000 NET PROFIT per year, you will ALL be seeing tax breaks under the Obama plan.

    He even has a tax calculator on his site- try it out! http://taxcut.barackobama.com/

    This is the problem with you liberals that don’t understand the plan at all and don’t even own a business. The income in the calculator YOU REFERENCE is your GROSS income for your business, not your net!! It is before all expenses. Didn’t you even listen to anything said in the debate or were you too busy lovingly staring into Obama’s eyes?

    Obama clearly said last night it is based on GROSS income. No one would have any problem if it was net! Don’t respond to me with stupid nonsense.

  4. rickd (1 comments) says:

    @joetheplumber

    Take the time to read and understand Obama’s plan, and you’ll see that gross (total) earnings aren’t what matters. NET income is what will be used as the cutoff for taxes. Unless you EACH are making more than $250,000 NET PROFIT per year, you will ALL be seeing tax breaks under the Obama plan.

    He even has a tax calculator on his site- try it out! http://taxcut.barackobama.com/

  5. Alex Peterson (1 comments) says:

    “He is the defender of the public programs like welfare that have proven so very costly for America in the past.” Costly? Try the Iraq conflict. Maybe we could spend our money on something that ACTUALLY effects the American people…
    I don’t see how spreading the wealth around is such a horrible idea. Do you mean to tell me that we should keep the majority of the wealth in the hands of a few fortunate Americans? Shouldn’t we work together so that we can ALL prosper and “spread the wealth” amongst everyone?

  6. FactCheckerInPDX (1 comments) says:

    Originally Posted By joetheplumber
    I am so upset I could scream. Don’t these liberals realize that we employ the people they want to help by stealing our business’ operating income? My business employs 10. I barely make enough after expenses and salaries to pay our mortgage and feed my family. If Obama’s plan is enacted, I will likely have to lay off at least 2 employees. How does that help America?

    Last I checked, businesses only pay taxes on PROFIT, not GROSS REVENUE. If you’re barely breaking even, then you are NOT going to pay more taxes. This is a simple fact of the tax code, and if you really paid taxes for your business, you would know this.

  7. joetheplumber (2 comments) says:

    Originally Posted By motherlyloveYou are so right. I am a woman that operates a small business with 4 other people. We gross well north of $250K, but barely break even every year after paying our expenses, including salaries, rental for office space, taxes, etc.

    Obama’s plan will only give us only one choice after our taxes rise and we are forced to institute his welfare health care program. We will have to lay someone off. Our most recent employee is a single mother of two. Under Obama’s plan, she won’t get a tax cut or health care, she will be unemployed.

    I am so upset I could scream. Don’t these liberals realize that we employ the people they want to help by stealing our business’ operating income? My business employs 10. I barely make enough after expenses and salaries to pay our mortgage and feed my family. If Obama’s plan is enacted, I will likely have to lay off at least 2 employees. How does that help America?

  8. motherlylove (24 comments) says:

    You are so right. I am a woman that operates a small business with 4 other people. We gross well north of $250K, but barely break even every year after paying our expenses, including salaries, rental for office space, taxes, etc.

    Obama’s plan will only give us only one choice after our taxes rise and we are forced to institute his welfare health care program. We will have to lay someone off. Our most recent employee is a single mother of two. Under Obama’s plan, she won’t get a tax cut or health care, she will be unemployed.

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