SCHIEFFER: â€¦Senator, it's still very complicated. We should stress this, it still hasn't even been put down on
paper, all of it. But I know you were talking with the negotiators through the night last night. What can you tell us about it, and can you support it?
SCHIEFFER: So as it stands now...
SCHIEFFER: ...from what you understand about it, you will support this?
SCHIEFFER: OK. Well...
SCHIEFFER: Well, let's just--let's just talk about this. When the president came on television and said we need this bailout package, he painted it in the most dire terms.
SCHIEFFER: How--do you agree with him? How crucial is it that this pass? How bad is this situation right now?
SCHIEFFER: So it is as serious--you agree with the president's assessment. It's as serious as he said it was?
SCHIEFFER: Let me ask you this. You and Senator McCain took very different approaches to this. He suspended his campaign, he called for a big summit meeting in Washington.
SCHIEFFER: You stood back a little bit at that point. Now that this--it looks like they've gotten to some agreement, should Senator McCain be getting the credit here for forcing these people
back to the negotiating table?
SCHIEFFER: This was obviously the first topic, as it should have been, in the debate Friday
night. This is your first time to talk about the debate since then. How do you think it went?
SCHIEFFER: All right. We're going to take a break here and come back and talk about some of
that in more detail in just a minute.
SCHIEFFER: And we're back now with Senator Obama.
Senator, it seems to me that the whole debate came down to a couple of questions. You questioned Senator McCain's judgment repeatedly, he repeatedly said you just didn't understand; that you didn't have the knowledge or the understanding to deal with these issues, both the
financial issues and foreign policy issues.
SCHIEFFER: Some Democrats said that they thought he was being condescending to you. Did
you take it in that way?
SCHIEFFER: One of the most heated points in the debate came when we were talking, or you all were talking about whether or not you would sit down with America's enemies...
SCHIEFFER: ...and under what conditions. Would you, and under what conditions would you talk to, say, somebody like President Ahmadinejad of Iran?
SCHIEFFER: While we're still on foreign policy, Senator McCain's running mate, Sarah Palin,
claimed in an interview that Alaska's proximity to Russia somehow enhances her foreign policy
experience and credentials. Do you agree with that?
SCHIEFFER: Well, do you believe she's qualified?
SCHIEFFER: But don't you think what she says is important?
SCHIEFFER: I mean, she could be a heartbeat away from the presidency.
SCHIEFFER: Neither you nor Senator McCain would kind of be pinned down on the changes
that are obviously going to have to me made because of this financial situation.
SCHIEFFER: There are some things that simply we're not going to be able to afford. Senator
McCain said one thing he would do would freeze spending.
SCHIEFFER: Freeze all government programs with the exception of entitlements, national defense and veterans' care. Do you think that's feasible?
SCHIEFFER: We really have to go.
SCHIEFFER: All right, Senator, thank you so much. We're just out of time.
SCHIEFFER: Thank you for being with us. Thank you.
Whew.....Barack must have been a bundle of nerves after that "grilling."