Obama Vs. McCain: Who Will Better Serve the U.S. Economy?
The word was that both candidates had prepared meticulously for the final presidential debate.
- Obama had a three point strategy:
- 1. To continue exactly as he has been without making any mistakes now.
2. To close the stature gap; to prove wrong those who still believe that Obama does not have the experience or judgment that McCain has.
3. To show America how he would address the issue of economy
McCain’s debate strategy:
1. To attack Obama’s association with William Ayers without being offensive to the extent where he would turn people off
2. To show America how he would address the issue of economy
After another tumultuous day in the market with the worst one-day percentage declines since the crash of 1987, addressing the state of the U.S. Economy was supposed to be foremost for both candidates in an effort to win the votes of undecided and independent voters. Advisers for each candidate said that he would use the final debate to lay out his vision for the country and promote his economic policies while drawing differences with his opponent.
So what exactly happened?
McCain’s Take On The Economic Situation:
“Americans are hurting right now, and they’re angry,” said McCain, calling struggling homeowners “innocent victims of greed and excess on Wall Street and Washington, D.C.”
Answering criticism of the $300 billion plan McCain said that he would buy Americans’ bad mortgages, and that his proposal would benefit, not hurt, homeowners who had continued to pay their mortgages on time.
He said that he would reduce taxes to help people like “Joe the Plumber” buy the business he had dreamed of and employ people. Joe would not be eligible for tax cuts under Obama’s proposal because he earned more than $250,000 per year.
He also claimed that energy independence will create millions of jobs for Americans.
Obama’s Take On The Economic Situation:
“It doesn’t help that person’s home if their neighbor’s house is abandoned,” he said.
Obama described the new economic plan he announced Monday, a $60 billion proposal that would offer tax breaks for companies that create jobs, eliminate penalties for early withdrawals from retirement accounts, postpone foreclosures and boost federal outlays to states and cities.
Obama suggested that McCain’s economic policy would be a continuation of the Bush administration sharp exchange came as both men outlined their new proposals to rescue the faltering the U.S. economy as they began their third debate, perhaps McCain’s last chance to change the course of a campaign moving decidedly in his opponent’s favor. But McCain sharply refuted this.
But Did Either of Them Really Address the Economics Issue?
Although both candidates certainly talked economics, did either of them either give Americans the big picture? Where we are now… where we are headed….what the long term impact will be? Neither of them really answered the question relating to the deficit.
Did each address the issue well enough to give confidence to American voters? What is your opinion?
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