Obama Defends Wright's Reputation, Not Words

A recent Gallup poll indicates that 28 percent of Clinton supporters say they would vote for McCain over Obama should she win the nomination. But 19 percent of Obama supporters say they would go for McCain over Clinton.

And though he has yet to win the Democratic nomination, Obama isn't wasting any time in starting a potential race against McCain.

"When it comes to our plans for withdrawing troops from Iraq, when it comes to dealing with the economic crisis that's affecting so many families out here … the Democrats are gonna have to unify in order to win in November," Obama said.

It's the Economy, Again

In his speech at Cooper Union Thursday, Obama called for immediate relief for homeowners hit by the housing crisis, modernization of the regulatory framework and an additional $30 billion stimulus package.

"We both think that if, that we need to have some government action to stabilize that market," Obama told ABC News, when detailing the difference between him and Clinton on their economic plans. "Not, to bail out people who took excessive risks but to make sure that you don't have a spillover that affects the entire economy for a very long time."

While Obama has proposed a $10 billion fund to help lenders rework existing subprime loans into 30-year, fixed loans and to crack down on mortgage fraud and predatory lenders, Clinton has proposed a $30 billion emergency fund to help states combat home foreclosures as they see fit. She has called for a 90-day moratorium on subprime foreclosures and a five-year freeze on subprime interest rates.

Obama argued that Clinton's proposal to freeze subprime interest rates goes too far.

"I think that's a bad idea, because what the mortgage market will do is make it much tougher for you to get a mortgage in the first place or refinance a mortgage. It may help those who get their mortgage frozen, but it's not gonna help the market as a whole, and a lot of hardworking people who are trying to get a home or hang on to their home," Obama said.

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