McCain: Obama's No Socialist; Racism Won€™t Determine Election

On Wednesday's "Larry King Live," the candidate says he doesn't think his opponent is a socialist. And/But: Does "believe that he has been in the far left of American politics and stated time after time that he believes in spreading the wealth around." Also acknowledges some racism in America, "but I am totally convinced that 99 and forty-four one-hundredths percent of Americans are going to make the decision based on who is best to lead this country." Watch video clip above. Read the full transcript here.