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McCain: "All I Can Do Is Laugh"

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The GOP nominee scoffs at Obama's promises in an interview with CNN's Wolf Blitzer Wednesday, saying he's been "all over the place" with his economic proposals.

Also defends homeowners in the mortgage crisis, saying they're "the innocent bystanders in a drive-by shooting by Wall Street and Washington."

Watch video clip above.

Read highlighted excerpts here, and read the full transcript here.

Response on CNN from Obama adviser Axelrod: Says McCain's claim that Obama hasn't challenged party leaders "is simply not true" and dismisses claim that Obama is the most liberal Senator. Says the campaign was once 30 points behind, and "we don't pay much attention to polls."

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