Jack Pitney on the debate:
Early in the debate, Obama asked rhetorically: “The question, I think, that we have to ask ourselves is, how did we get into this situation in the first place?” Instead of talking abstractly about greed, McCain might have said: “Senator Obama wants to know how the trouble started. He might ask his close adviser Jim Johnson, who headed Fannie Mae and got an exorbitant pay package.”
Obama promised that we would deliver a tax cut to 95 percent of Americans. McCain could have said: “Senator Obama has made a lot of promises. In 2005, he promised that he wouldn’t run for president. In 2007, he promised that he would work aggressively to ensure public financing of the presidential campaign. In 2008, he promised to fire any staffer who attacked Governor Palin’s family. He broke all those promises. And now he promises to cut your taxes. Right.”
P.S. For an argument that the liberal push for affirmative action in lending led to the current crisis, see this vdeo.