Kerry on Boeing

SCHIEFFER: New question to you, Senator Kerry, two minutes. And it's still on jobs. You know, many experts say that a president really doesn't have much control over jobs. For example, if someone invents a machine that does the work of five people, that's progress. That's not the president's fault. So I ask you, is it fair to blame the administration entirely for this loss of jobs?

KERRY: I don't blame them entirely for it. I blame the president for the things the president could do that has an impact on it.

Outsourcing is going to happen. I've acknowledged that in union halls across the country. I've had shop stewards stand up and say, "Will you promise me you're going to stop all this outsourcing? "And I've looked them in the eye and I've said, "No, I can't do that. "What I can promise you is that I will make the playing field as fair as possible, that I will, for instance, make certain that with respect to the tax system that you as a worker in America are not subsidizing the loss of your job.

Today, if you're an American business, you actually get a benefit for going overseas. You get to defer your taxes. So if you're looking at a competitive world, you say to yourself, "Hey, I do better overseas than I do here in America. "That's not smart. I don't want American workers subsidizing the loss of their own job. And when I'm president, we're going to shut that loophole in a nanosecond and we're going to use that money to lower corporate tax rates in America for all corporations, 5 percent. And we're going to have a manufacturing jobs credit and a job hiring credit so we actually help people be able to hire here.

The second thing that we can do is provide a fair trade playing field. This president didn't stand up for Boeing when Airbus was violating international rules and subsidies. He discovered Boeing during the course of this campaign after I'd been talking about it for months.

The fact is that the president had an opportunity to stand up and take on China for currency manipulation. There are companies that wanted to petition the administration. They were told: Don't even bother; we're not going to listen to it. The fact is that there have been markets shut to us that we haven't stood up and fought for.

I'm going to fight for a fair trade playing field for the American worker. And I will fight for the American worker just as hard as I fight for my own job. That's what the American worker wants. And if we do that, we can have an impact. Plus, we need fiscal discipline. Restore fiscal discipline, we'll do a lot better.

SCHIEFFER: Mr. President? BUSH: Whew!Let me start with the Pell Grants. In his last litany of misstatements. He said we cut Pell Grants. We've increased Pell Grants by a million students. That's a fact.

You know, he talks to the workers. Let me talk to the workers. You've got more money in your pocket as a result of the tax relief we passed and he opposed. If you have a child, you got a $1,000 child credit. That's money in your pocket. If you're married, we reduced the marriage penalty. The code ought to encourage marriage, not discourage marriage. We created a 10 percent bracket to help lower-income Americans. A family of four making $40,000 received about $1,700 in tax relief.

It's your money. The way my opponent talks, he said, "We're going to spend the government's money. "No, we're spending your money. And when you have more money in your pocket, you're able to better afford things you want. I believe the role of government is to stand side by side with our citizens to help them realize their dreams, not tell citizens how to live their lives.

My opponent talks about fiscal sanity. His record in the United States Senate does not match his rhetoric. He voted to increase taxes 98 times and to bust the budget 277 times.