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McCain vs. Obama: Who Do You Think Will Help the Economy?

While Americans watch news of trouble on Wall Street on their flat-screen TVs, the candidates have hit back hard with criticism and calls for change. Both candidates addressed the financial crisis. McCain said this morning:

There’s nothing wrong with the workers of America. I believe that they’re the fundamentals. . . . Others may not. I think that the worker of America is the reason that we’ve been the preeminent economy in the world for a long, long period of time. America is in crisis today. . . . We need a 9/11 commission, and we need a commission to figure out what went wrong and how to fix it. And I know we can do it and how to do it.

After dismissing McCain's call for a commission as passing the buck, Obama said:

My priority as president will be the stability of the American economy and the prosperity of the American people. And I will make sure that our response focuses on middle-class Americans – not the companies that created the problem. To get out of this crisis – and to ensure that we are not doomed to repeat a cycle of bubble and bust again and again – we must take immediate measures to create jobs and continue to address the housing crisis; we must build a 21st century regulatory framework.

McCain argues that his tax cuts for the wealthy and for corporations would simulate growth, while Obama says that he would prevent future crises, a plan he says is contrary to the GOP's philosophy of deregulation.


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Mesayme Mesayme 8 years
JazzZ...u r silly :) ... since we're giving credentials I took macro and microeconomics in college and a course to study Andrew Carnegie and the Rise of Big Business. And business law am I holding up with education fourteen years old YY? Hope the yearly self-tutoring and child raising hasn't completely rotted my brain! Did I just make an argument for continued education and why it's beneficial to fund it....hmmmm...well, I do believe I have. :) Goodnight you guys...
Jazz-Z Jazz-Z 8 years
Michelann Michelann 8 years
Haha, actually it's not very rigorous. It's mostly for people who want to be in law enforcement, but I just picked it because it's easy and there's a few classes on the law. I plan to go to law school, not become a cop.
yesteryear yesteryear 8 years
ahh. makes sense actually. very rigorous! for me it was city planning.
Michelann Michelann 8 years
yesteryear yesteryear 8 years
yes i think economics is a requirement to graduate, right? at least it was in california. so just out of curiosity, mich, what are you studying? political science?
Michelann Michelann 8 years
Kastarte, I guess I should clarify that I took an economics class in high school, but it was taught by a football coach, and I knew more about it than he did. You should know that you don't have to take a class to be educated about something. I've read books, and I have personal experience in the matter. I think my statements should speak for themselves, though.
Mesayme Mesayme 8 years
Dick Cheney works in oil, Bush works in oil...and we're still suffering in that area too...go figure. and while we've been 'discussing' the DOW dropped 450 AIG's news... it just gets better!
Mesayme Mesayme 8 years
Dick Cheney works in oil, Bush worked in oil...and we're still suffering in that area too...go figure.
kastarte2 kastarte2 8 years
Hmmm.. A debate between some one who has never taken and economics class and another person who works in economics everyday and has taken multiple classes.... Sounds like entertainment to me! Think I'll just pull up a chair... :cocktail:
Mesayme Mesayme 8 years
Take notice of this trend... The most recent figures show Alaska produced 3.4 percent of the nation's total energy output in 2005. The state's largest contribution to that figure was its oil production, which runs about 14 percent of the U.S. total. Alaska contributes about 2 percent of the nation's natural gas production. It produces negligible amounts of coal and renewable energy, and has no nuclear energy. One other fact to note: President Bush's home state of Texas ranks No. 1 among the states for total energy production, followed by Vice President Dick Cheney's home state of Wyoming. McCain on alternative energy: "Innovation in the use of alternative fuels in transportation presents the greatest opportunity for energy independence." McCain opposes government subsidies for ethanol production, supports lifting tariffs on foreign ethanol, and promotes expanding nuclear energy. Obama on alternative energy: "I will invest $150 billion over the next 10 years in alternative sources of energy like wind power and solar power and advanced biofuels." Obama supports tax incentives and subsidies for the development of wind and solar technologies, as well as for biofuels. sources: By Nedra Pickler. Associated Press writer Jim Drinkard contributed to this report. And US News Sept. 12th, 2008
yesteryear yesteryear 8 years
:cheer: military industrial complex! :cheer: military industrial complex!
Jazz-Z Jazz-Z 8 years
[340] No doubt has his finger in the pie.
Great-Sommelier Great-Sommelier 8 years
yesteryear yesteryear 8 years
mccain's plan to help the economy is to keep us in iraq 100 more years, allowing him to sign more contracts with weapons manufacturers.
Mesayme Mesayme 8 years
Jazz...yes. I am 'shocked' that they still defend it...and in 'awe' at the economic state we're in...when we were supposed to be stabilizing Iraq. Heal thyself...Dr.Peppa!
Jazz-Z Jazz-Z 8 years
chancleta ~ your words do bring back memories of President Bush when he declared war on "Iraq"?*@!
Mesayme Mesayme 8 years
No...that's 'well, we're movin' on the east a de-luxe apartment in the sky-yyy...' LOL or trailer these days...a shelter anyway. ;)
yesteryear yesteryear 8 years
nice way to make 227 relevant again, mesayme... i have a soft spot in my heart for that show.
Mesayme Mesayme 8 years
chancleta chancleta 8 years
There is no magic fix so we need to strap on our rain boots and get ready to weather this economy.
chancleta chancleta 8 years
To answer the question: "Who do you think will help the economy?" McCain! :cheer: McCain! But it's important for us to all remember: this economic hole is big and it will take years to fix (no matter who wins the presidency)
bellaressa bellaressa 8 years
Yellow shower.
Mesayme Mesayme 8 years
YY...we can't call it the 'chocolate' fountain...No. you know why...umm hmmm... better to call it the water fountain (it's clear!) shameful I know.
Mesayme Mesayme 8 years
YY...LOL...that's what I was thinking...notice my avatar, guess why I picked it? I always listen like, what are you talking about? They talk about people like they are items...not real people. So I wave every now and then 'Hello' I'm the single mom you're trying to get to buy everything. I won't even buy cable. And I just got dial-up, that's an upgrade from using the public library...I am a good steward of my dollars!!! ;) John McCain peeing... are you sure??? heeheehee... I'm glad I don't have to see that toilet! I have young thanks...I'll take the welfare for $800 Alex...
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