More McCain vs. Obama and the impact on government contracting

Many defense contractors are on the fence about this year's presidential election because both candidates hold positions that are not business friendly, according to a BusinessWeek report.

Traditionally, the Republican Party is seen as more defense friendly, while the Democratic Party wants to increase domestic spending. But the lines aren't so clear cut this time around.

While there are few doubts that GOP nominee John McCain wants to keep a strong military presence in Iraq and Afghanistan until the wars there are won, he also wants tighter reins on government spending. For example, he wants to eliminate some types of multi-year contracts.

Obama is a staunch defender of U.S. jobs, which should help defense companies.