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2.7%  Q1 GDP    4.57%  avg. 30-year mortgage     9.5%  Unemployment

McCain: 'Disappointed' In Paulson

In a live interview just concluded on CNBC with Sen. John McCain (R-Ariz.) and Alaska Gov. Sarah Palin, McCain said he is "disappointed" in Treasury Secretary Hank Paulson because his $700 billion Wall Street rescue/bailout plan doesn't focus first and foremost on buying home mortgages "and keeping people in their homes."

The Republican presidential nominees were being interviewed by CNBC's Maria Bartiromo in Hershey, Pa. McCain's economic relief plan includes direct government aid to homeowners.

Bartiromo asked McCain if he would ask Paulson to stay on, at least temporarily, if McCain wins. He was ambivalent about the prospect.

Palin pushed her energy plan, saying Americans "cannot lure ourselves into a false sense of security" now that oil prices are low. (Oil is rising to $64 per barrel today, which is less than half of its high this past summer.)

McCain and Palin sat side-by-side next to a roaring fire during the interview. At one point, Palin touched McCain's arm while reminding him of a point, lending something of a husband-and-wife feel to the interview.

CNBC had to cut from the interview because the McCain-Palin team stipulated that only the first five minutes could be broadcast live. The rest is being taped and will air later on CNBC.

-- Frank Ahrens

The Ticker is Twittering!

By Frank Ahrens  |  October 28, 2008; 9:59 AM ET
Categories:  The Ticker  
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