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Obama, McCain Trade Jokes Instead of Jabs

Sens. Barack Obama and John McCain took a break from the campaign trail last night to roast each other at the Alfred E. Smith Memorial Foundation Dinner, a charity event organized by the Catholic Archdiocese of New York. Here's the transcript. Check out some of their zingers below.

Obama's Speech:

McCain's Speech:

And the jokes don't stop there, apparently. CNN reports Sarah Palin will appear on Saturday Night Live this weekend.

Meanwhile, Barack Obama is warning Democrats that mistakes could still bring 'defeat' on Election Day, as some polls show the race tightening again.

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