Economy reeling, Obama, McCain seek final votes

Published 3:42 pm Thursday, October 30, 2008

SARASOTA, Fla. (AP) — The election in sight and the economy reeling, Barack Obama and John McCain fought over causes, cures and the final votes that will make one of them president. Obama tied McCain to President Bush and said Americans are paying a steep price for the partnership, while the Republican linked his rival to Big Oil and record profits.

Aiming to seal the victory and become the nation’s first black president, Obama raced into a day that would take him from Florida to Virginia to Missouri, all traditionally Republican territory.

McCain rolled by bus through battleground Ohio five days before the election, struggling to make up ground in a state that has voted with the winner in every presidential election for two decades.

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By all available evidence, on the Thursday before Election Day the race was Obama’s to lose.

The national polls showed him ahead, he was rated the favorite in a half-dozen states that sided with Bush in 2004, and surveys showed close races in three more.

Both campaigns invested heavily in turning out early voters.

Officials in North Carolina said roughly 30 percent of all registered voters had already cast ballots — about 1.7 million in all — and the Board of Elections ordered the state’s 100 counties to keep longer voting hours.

Like the opinion polls, the early ballot count favored Obama. Officials in Iowa, Florida, Colorado, New Mexico and Nevada as well as North Carolina said more Democrats that Republicans had cast ballots, in some cases by lopsided margins.

Democrats, increasingly optimistic about regaining the White House, looked forward to padding their majorities in Congress, too, and then tackling the economy and bringing the war in Iraq to an end.

But McCain and his aides sought to stoke doubts about one-party government. The campaign challenged Obama to say whether he supports a 25 percent cut in defense spending that is advocated by some in his party

In Sarasota, his first stop of the day, Obama tried to take advantage of the day’s dreary business news, a government report that consumers cut back spending so sharply that the economy had shrunk at an annual rate of 0.3 percent in the third quarter.

It was the economy’s worst showing since the fall of 2001, when a recession in progress was compounded by the impacts of the terrorist attacks of Sept. 11.

“Folks have to watch every penny, tighten their belts,” said Obama, contending that the downturn was the result of eight years of Republican economic policies.

“If you want to know where John McCain will drive this economy, just look in the rearview mirror. Because when it comes to our economic policies, John McCain has been right next to George Bush. He’s been sitting there in the passenger seat, ready to take over, every step of the way,” he added.

Obama’s campaign re-enforced the rhetoric with a new television commercial. It showed the faces of Bush and McCain together in a car’s rearview mirror as the announcer said, “Look behind you. We can’t afford more of the same.”

In a second ad, Obama touted endorsements from Colin Powell, the former secretary of state and chairman of the Joint Chiefs of Staff, and Warren Buffett, arguably the nation’s best known investor.

McCain’s first stop of the day was in chilly Defiance, Ohio, where he did not dwell on the economic report. Instead, he pointed to Exxon Mobil’s announcement of a $14.83 billion profit in the third quarter, a record, and said Obama had voted for legislation that included millions in tax breaks for oil companies.

“Senator Obama voted four billions in corporate giveaways to the oil companies,” said McCain in an apparent reference to a 2005 energy bill that Bush pushed through Congress.

“I voted against it,” the Arizona Republican said.

The legislation included nearly $3 billion in tax breaks for the oil and natural gas industry including some — but not all — that would benefit the largest oil producers such as Exxon Mobil Corp. It also had $11.4 billion in tax incentives for alternative energy and efficiency programs, cited by Obama as his reason for supporting the legislation.