Anyone else notice McCane referred to the Kennedy assasination as an intervention?

SCHIEFFER: Senator Obama, your campaign has used words like "erratic," "out of touch," "lie," "angry," "losing his bearings" to describe Senator McCain.

Senator McCain, your commercials have included words like "disrespectful," "dangerous," "dishonorable," "he lied." Your running mate said he "palled around with terrorists."

Are each of you tonight willing to sit at this table and say to each other's face what your campaigns and the people in your campaigns have said about each other?

And, Senator McCain, you're first.

MCCAIN: Well, this has been a tough campaign. It's been a very tough campaign. And I know from my experience in many campaigns that, if Senator Obama had asked -- responded to my urgent request to sit down, and do town hall meetings, and come before the American people, we could have done at least 10 of them by now.

When Senator Obama was first asked, he said, "Any place, any time," the way Barry Goldwater and Jack Kennedy agreed to do, before the intervention of the tragedy at Dallas. So I think the tone of this campaign could have been very different.

And the fact is, it's gotten pretty tough. And I regret some of the negative aspects of both campaigns. But the fact is that it has taken many turns which I think are unacceptable.

One of them happened just the other day, when a man I admire and respect -- I've written about him -- Congressman John Lewis, an American hero, made allegations that Sarah Palin and I were somehow associated with the worst chapter in American history, segregation, deaths of children in church bombings, George Wallace. That, to me, was so hurtful.

And, Senator Obama, you didn't repudiate those remarks. Every time there's been an out-of-bounds remark made by a Republican, no matter where they are, I have repudiated them. I hope that Senator Obama will repudiate those remarks that were made by Congressman John Lewis, very unfair and totally inappropriate.

So I want to tell you, we will run a truthful campaign. This is a tough campaign. And it's a matter of fact that Senator Obama has spent more money on negative ads than any political campaign in history. And I can prove it. And, Senator Obama, when he said -- and he signed a piece of paper that said he would take public financing for his campaign if I did -- that was back when he was a long-shot candidate -- you didn't keep your word.

And when you looked into the camera in a debate with Senator Clinton and said, "I will sit down and negotiate with John McCain about public financing before I make a decision," you didn't tell the American people the truth because you didn't.

And that's -- that's -- that's an unfortunate part. Now we have the highest spending by Senator Obama's campaign than any time since Watergate.

SCHIEFFER: Time's up. All right.