John McCain and Barack Obama after the presidential debate on Oct 7 2008 in Nashville, Tennessee.
John McCain and Barack Obama after the presidential debate on Oct 7 2008 in Nashville, Tennessee.
John McCain and Barack Obama after the presidential debate on Oct 7 2008 in Nashville, Tennessee.
John McCain and Barack Obama after the presidential debate on Oct 7 2008 in Nashville, Tennessee.

Presidential hopefuls spar on economy


  • English
  • Arabic

On a night believed to be critical to the presidential prospects of John McCain, he and his Democratic rival, Barack Obama, faced off this week at their second debate, sparring on the economy, taxes, Iraq and who has the better judgment to lead America. The stakes were considered higher for Mr McCain, whose campaign has sagged recently as voter anxiety has risen over the economy, an issue that traditionally favours Democrats and, true to that trend, has boosted Mr Obama's poll numbers.

But if Mr McCain had been seeking an all-out game-changer, the post-debate consensus, at least among the political punditry, was that he had not scored one, seemingly leaving him with an ever-steeper climb in the final weeks of the race. A CNN poll conducted immediately after the debate showed Mr Obama had made inroads with a critical group: independents. Fifty-four per cent of independents who watched thought Mr Obama had won, while 28 per cent considered Mr McCain the victor.

The 90-minute town hall-style forum at Belmont University in Nashville, Tennessee, was free of the kind of personal attacks that have characterised the campaign of late, attacks some Republicans think offer the best way for Mr McCain to mount a comeback. Still, the Arizona senator spent much of yesterday night seeking to force his opponent into playing defence. Seizing on lingering concerns over Mr Obama's experience, Mr McCain said repeatedly that the country needs a "steady hand at the tiller" and that, given the range of challenges facing America, "we don't have time for on-the-job training". Mr McCain said that while he has bucked his own party on a range of issues, Mr Obama never has. And he claimed the Illinois Democrat is "wrong" on his commitment to a firm timetable to withdraw US forces from Iraq, as he was with his opposition to the so-called troop surge there.

"Senator Obama would have brought our troops home in defeat," Mr McCain said. "I'll bring them home with victory and with honour." Mr Obama, for his part, immediately linked Mr McCain to George W Bush and the "failed economic policies of the last eight years" and mocked his opponent's recent claim that the "fundamentals of the economy are strong". He questioned Mr McCain's judgment in going in to Iraq in the first place, which he called a distraction from a more pressing terrorist threat in Afghanistan. He also turned against Mr McCain a line the Republican used in the first presidential debate in Oxford, Mississippi, when he repeatedly insisted Mr Obama "didn't seem to understand".

"Senator McCain, in the last debate and today again, suggested that I don't understand. It's true. There are some things I don't understand," Mr Obama said. "I don't understand how we ended up invading a country that had nothing to do with 9/11, while Osama bin Laden and al Qa'eda are setting up base camps and safe havens to train terrorists to attack us. That was Senator McCain's judgment, and it was the wrong judgment."

While Tom Brokaw, the longtime NBC News anchor, moderated the debate, questions came from an audience of about 80 voters selected by the Gallup Organisation, which conducts independent polling. One-third were undecided, one-third were leaning Democratic and one-third were leaning Republican. Several questions also came from among tens of thousands submitted online ahead of time. The questions initially focused on the economy, followed by other domestic issues such as tax policy, health care and energy independence, before shifting to foreign affairs.

Mr Obama placed some of the blame for the economic crisis on the kind of market deregulation Mr McCain has supported. Mr McCain railed against a "spending spree" in Washington ? even calling for a spending freeze except on essential programmes like defence and entitlements ? and the country's skyrocketing debt. At the same time, he unveiled a costly new proposal to aid the millions of Americans facing foreclosure on their homes by having the federal government buy up, and effectively refinance, their mortgages.

"Is it expensive? Yes," he said. "But we all know, my friends, until we stabilise home values in America, we're never going to start turning around and creating jobs and fixing our economy. And we've got to give some trust and confidence back to America." At times, the Republican sounded exasperated, at one point referring to Mr Obama as "that one" in explaining which of the two of them had voted for a Senate energy bill he said had been "loaded down with goodies" for oil companies. In several of his responses, Mr McCain seemed to be warning voters that they did not know everything about Mr Obama and his policies.

The candidates will meet next Wednesday for their third and final debate at Hofstra University on Long Island, the last opportunity for voters to see them together on the same stage. With its focus on domestic issues, that encounter will surely include protracted discussion of the trouble economy, an issue that has left Mr McCain on the defensive. eniedowski@thenational.ae

The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E3.0-litre%20twin-turbo%20V6%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E10-speed%20auto%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E400bhp%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E563Nm%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh320%2C000%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A
Wicked
Director: Jon M Chu
Stars: Cynthia Erivo, Ariana Grande, Jonathan Bailey
Rating: 4/5
Results
%3Cp%3E%0D%3Cstrong%3EElite%20men%3C%2Fstrong%3E%0D%3Cbr%3E1.%20Amare%20Hailemichael%20Samson%20(ERI)%202%3A07%3A10%0D%3Cbr%3E2.%20Leornard%20Barsoton%20(KEN)%202%3A09%3A37%0D%3Cbr%3E3.%20Ilham%20Ozbilan%20(TUR)%202%3A10%3A16%0D%3Cbr%3E4.%20Gideon%20Chepkonga%20(KEN)%202%3A11%3A17%0D%3Cbr%3E5.%20Isaac%20Timoi%20(KEN)%202%3A11%3A34%0D%3Cbr%3E%3Cstrong%3EElite%20women%3C%2Fstrong%3E%0D%3Cbr%3E1.%20Brigid%20Kosgei%20(KEN)%202%3A19%3A15%0D%3Cbr%3E2.%20Hawi%20Feysa%20Gejia%20(ETH)%202%3A24%3A03%0D%3Cbr%3E3.%20Sintayehu%20Dessi%20(ETH)%202%3A25%3A36%0D%3Cbr%3E4.%20Aurelia%20Kiptui%20(KEN)%202%3A28%3A59%0D%3Cbr%3E5.%20Emily%20Kipchumba%20(KEN)%202%3A29%3A52%3C%2Fp%3E%0A
The five pillars of Islam
Sri Lanka-India Test series schedule
  • 1st Test India won by 304 runs at Galle
  • 2nd Test India won by innings and 53 runs at Colombo
  • 3rd Test August 12-16 at Pallekele
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
SOUTH%20KOREA%20SQUAD
%3Cp%3E%0D%3Cstrong%3EGoalkeepers%3A%20%3C%2Fstrong%3EKim%20Seung-gyu%2C%20Jo%20Hyeon-woo%2C%20Song%20Bum-keun%0D%3Cbr%3E%3Cstrong%3EDefenders%3A%20%3C%2Fstrong%3EKim%20Young-gwon%2C%20Kim%20Min-jae%2C%20Jung%20Seung-hyun%2C%20Kim%20Ju-sung%2C%20Kim%20Ji-soo%2C%20Seol%20Young-woo%2C%20Kim%20Tae-hwan%2C%20Lee%20Ki-je%2C%20Kim%20Jin-su%0D%3Cbr%3E%3Cstrong%3EMidfielders%3A%20%3C%2Fstrong%3EPark%20Yong-woo%2C%20Hwang%20In-beom%2C%20Hong%20Hyun-seok%2C%20Lee%20Soon-min%2C%20Lee%20Jae-sung%2C%20Lee%20Kang-in%2C%20Son%20Heung-min%20(captain)%2C%20Jeong%20Woo-yeong%2C%20Moon%20Seon-min%2C%20Park%20Jin-seob%2C%20Yang%20Hyun-jun%0D%3Cbr%3E%3Cstrong%3EStrikers%3A%20%3C%2Fstrong%3EHwang%20Hee-chan%2C%20Cho%20Gue-sung%2C%20Oh%20Hyeon-gyu%3C%2Fp%3E%0A
The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

How to apply for a drone permit
  • Individuals must register on UAE Drone app or website using their UAE Pass
  • Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
  • Upload the training certificate from a centre accredited by the GCAA
  • Submit their request
What are the regulations?
  • Fly it within visual line of sight
  • Never over populated areas
  • Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
  • Users must avoid flying over restricted areas listed on the UAE Drone app
  • Only fly the drone during the day, and never at night
  • Should have a live feed of the drone flight
  • Drones must weigh 5 kg or less

At Eternity’s Gate

Director: Julian Schnabel

Starring: Willem Dafoe, Oscar Isaacs, Mads Mikkelsen

Three stars

Huroob Ezterari

Director: Ahmed Moussa

Starring: Ahmed El Sakka, Amir Karara, Ghada Adel and Moustafa Mohammed

Three stars

Timeline

2012-2015

The company offers payments/bribes to win key contracts in the Middle East

May 2017

The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts

September 2021

Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act

October 2021

Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence 

December 2024

Petrofac enters into comprehensive restructuring to strengthen the financial position of the group

May 2025

The High Court of England and Wales approves the company’s restructuring plan

July 2025

The Court of Appeal issues a judgment challenging parts of the restructuring plan

August 2025

Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision

October 2025

Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange

November 2025

180 Petrofac employees laid off in the UAE