Well, they were both WRONG. The bill signed by the president only allocates $700 billion. Here is the language from the bill: "...The President transmits to the Congress a written report detailing the plan of the Secretary to exercise the authority under this paragraph, unless there is enacted, within 15 calendar days of such transmission, a joint resolution described in subsection (c), effective upon the expiration of such 15-day period, such authority shall be limited to $700,000,000,000 outstanding at any one time."
Obama claimed that 100 percent of John McCain's campaign ads have been negative.
Obama: "A hundred percent, John, of your ads, a hundred percent of them, have been negative."
McCain: "It's not true."
Obama: "It absolutely is true."
FALSE: Or rather, not exactly. While an independent study by Campaign Media Analysis Group and the Wisconsin Advertising Project found that, during the week of Sept. 28-Oct. 4, nearly 100 percent of McCain's ads were negative, the Wisconsin Advertising project also found that only 74 percent of the ads McCain has run since June have been negative.
Joe the Plumber's Health Insurance
McCain said that small businessman "Joe the Plumber" would end up paying a fine if he refused to provide his workers with health insurance under Barack Obama's health care plan.
FALSE: Under the Obama proposed health plan, small businesses are exempt from a requirement imposed on large companies that they contribute to a national health fund if they fail to make "a meaningful contribution" to their employees' health care costs.