Obama: McCain Team Cynical, Not Racist

Speaking to reporters in Cape Canaveral, Florida, the Senator says his opponents are "clever at creating distractions."

"They're very good at negative campaigning-- they're not so good at governing."

Referring to his "dollar bill" comments, adds -- "In no way do I think John McCain's campaign was racist. I think they are cynical."

McCain response: "The only ‘cynical’ candidate in this election is Barack Obama...." Read full statement.