Obama, McCain argue over war, taxes in first presidential debate

OXFORD, Miss. -- John McCain accused Barack Obama of compiling "the most liberal voting record in the United States Senate" on Friday night in an intense first debate of their close campaign for the White House. The Democrat shot back, "Mostly that's just me opposing George Bush's wrong-headed policies."

Obama said his Republican rival has been a loyal supporter of the unpopular president across the past eight years, adding that the current economic crisis is "a final verdict on eight years of failed economic policies promoted by President Bush and supported by Sen. McCain."

The two men clashed over spending, taxes, energy and -- at length -- the war in Iraq during their 90-minute debate.

McCain accused his younger rival of an "incredible thing of voting to cut off funds for troops in Iraq and Afghanistan," a reference to legislation that cleared the Senate more than a year ago.

Obama disputed that, saying he had opposed funding in a bill that presented a "blank check" to the Pentagon while McCain had opposed money in legislation that included a timetable for troop withdrawal.

Obama opposed the invasion of Iraq in 2002, before he was a member of Congress, while McCain voted in the Senate to authorize the war.

"You were wrong" on Iraq, Obama repeated three times in succession. "John, you like to pretend the war began in 2007."

McCain replied that Obama has refused to acknowledge the success of the troop buildup in Iraq that McCain recommended and Bush announced more than a year ago.

The two presidential candidates stood behind identical wooden lecterns on stage at the performing arts center at the University of Mississippi.

It was a debate that almost didn't happen. McCain decided a few hours in advance to attend, two days after announcing he would try to have the event rescheduled if Congress had not reached an agreement on an economic bailout to deal with the crisis now gripping Wall Street.

The two presidential hopefuls are scheduled to debate twice more, at Belmont University in Nashville, Tenn., on Oct. 7 and at Hofstra University in Hempsted, N.Y., on Oct. 15. Vice presidential contenders Sarah Palin and Joe Biden are to square off in a debate Thursday at Washington University in St. Louis.