Description: Leading During Financial Crisis
Candidate: Sen. Obama
Question: Are there fundamental differences between your approaches to what you would do as president to lead this country out of the financial crisis? ]
OBAMA: I -- I don't know where John is getting his figures. Let's just be clear.
What I do is I close corporate loopholes, stop providing tax cuts to corporations that are shipping jobs overseas so that we're giving tax breaks to companies that are investing here in the United States. I make sure that we have a health care system that allows for everyone to have basic coverage.
I think those are pretty important priorities. And I pay for every dime of it.
But let's go back to the original point. John, nobody is denying that $18 billion is important. And, absolutely, we need earmark reform. And when I'm president, I will go line by line to make sure that we are not spending money unwisely.
But the fact is that eliminating earmarks alone is not a recipe for how we're going to get the middle class back on track.
OBAMA: And when you look at your tax policies that are directed primarily at those who are doing well, and you are neglecting people who are really struggling right now, I think that is a continuation of the last eight years, and we can't afford another four.
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