For those of us (like me) who are able to grasp content better by reading it (rather than watching video), there is a very good summary of last night’s vice presidential debate on the “Black Shards” blog. Here is the link to the article, but I’ll publish a bit of it here:
Who’s at fault in lending crisis
Palin: Darn right it was the predatory lenders. There was deception there and corruption on Wall Street. McCain and I will get rid of corruption. People need to band together and make sure we don’t get taken advantage of again.
We also need not to get ourselves in debt. Don’t live outside our means. Take personal responsibility for ourselves. We can learn lessons from this.
Biden: Obama warned about this crisis two years ago while McCain was surprised there was a problem.
McCain’s response is to deregulate everything - 20 times he voted that way - while Obama wanted to re-institute scrapped regulations. A while back McCain was saying that he would do the same thing for health care as he’s done for the banking industry.
Palin: We need tax relief so that jobs can be created here. Obama voted 94 times to increase taxes instead of siding with the people. That won’t bolster our economy. Govt needs to be more efficient and learn to live with less. Obama supported increases on taxes this year and that will kill jobs.
Biden: Obama did not vote to raise taxes and John McCain voted the same way. But you didn’t address the question.
Palin: I’m going to talk straight to the American people and let them know what I’ve done, cutting taxes in many ways in my jurisdictions.
Taxation
Biden: 100M families didn’t get a single tax break from John McCain. Obama wouldn’t increase taxes on anyone earning < $250K, no taxes of any kind will increase. McCain wants to give $300B in tax cuts to wealthy and business. It’s a different focus and people won’t pay under than they did under Ronald Reagan.
Palin: Small businesses fit into the $250k+ category and they’ll pay more. Paying taxes is not patriotic; govt is often the problem and not the solution and the middle class just wants us to get out of the way.
Healthcare Plan
Palin: John McCain’s plan is clear: a 5K tax credit that’s budget neutral, as opposed to a govt. run program. Health care being taken over the feds won’t make anyone happy. We will erase state lines to increase competition and bring down prices. We don’t believe in wealth redistribution.
Biden: Redistribution isn’t the same as giving Exxon a tax cut - it’s fairness. 95% of small businesses earn < $250K and won’t pay more taxes.
In the McCain plan, health care is paid for by taxing as income everyone’s health care contribution paid by your employer. As a result, 20M people dropped from employer coverage and lose out on a $12K/year plan in favor of a $5K tax credit.
Climate Change
Palin: In Alaska we see climate change’s effects more than other states. There’s a natural cyclical effect as well as man-made impact. But how do we address the problem? I was the first gov. to form a cabinet to work on the problem and John McCain is right there with an “all of the above” approach to becoming energy independent and cleaning up the planet.
Biden: It’s clearly man made. That’s why the polar cap is melting. We consume 25% of the oil in the world. McCain has consistently voted against alternative energy, 20 times he’s done so. Obama wants to invest in solar and clean nukes and clean coal technology.
Drill we must but it will take 10 years to get any of that oil into use.
Palin: John McCain does support clean coal technology. People want us to drill because that’s what we need. We’re drilling for clean natural gas even now. You’ve gone on record saying that drilling is “raping the offshore environment”.
Biden: I have 20 years on the record in support of clean coal. Why did McCain vote against alternatives.
Pakistan vs. Iran
Biden: Pakistan already has nuclear weapons and can already hit Israel. But Iran isn’t close. Both are dangerous. John McCain’s central focus is on Iraq but I promise that if we’re attacked again it will come from Afghanistan or Pakistan, not from Iraq.
We need to help them build schools along the border and compete with the terrorists there for hearts and mind.
Palin: Both are extremely dangerous. General Petraeus and al Qaeda both say the central war against terrorism is in Iraq. Iran cannot be allowed to acquire nuke weapons, period. Israel is a sinking corpse per Iraq and this country cannot be allowed to acquire these weapons.
Barack Obama says that he would meet with Iran, et al, without condition. That’s dangerous and should not be undertaken without serious diplomatic work beforehand.
Henry Kissinger and I share a passion for diplomacy but these dictators who hate American cannot be met with on a presidential level. Diplomacy is very important and we’d engage in it. But it’s important to use friends and sanctions before sitting down with Iraq.
Biden: The theocracy controls the security apparataus in Iran, not the president. Our friends and allies want us to sit down with Iran. Finally President Bush is ending diplomats to Europe to meet with Iran because that’s what’s needed.
Meanwhile, John McCain wouldn’t sit down with the govt of Spain, a NATO ally. I find that incredible.
Palestine
Palin: A 2-state solution is the solution. Sec. Rice has been trying to do that and a McCain/Palin ticket will work hard on that . We will never allow another Holocaust, no matter what Iran does. That commitment will be there.
Biden: Israel has no better friend than Joe Biden and I wouldn’t compromise on that. But we needed NATO forces in Lebanon and they didn’t go in. Now Hezbollah controls it. The Bush admin’s policies have been an abject failure. We must back Israel and stand with them.
Palin: I do not believe that the Bush admins polices have been a failure. There have been huge blunders, as there are in every admin, but there’s too much finger pointing. We’ll learn from out past mistakes and put excessive partisanship aside. Change is coming.
Biden: How different is McCain’s policy from Bush’s on Iran or Israel? I haven’t heard anything. It’s the same so far. We will make significant changes.
More HERE

