Dealing with the US economy

After looking around I found a very interesting article that piqued my interest. It is from the New York Times and concerns the presidential candidates’ stance on economic policy. According to the article, Senator Barack Obama will air a commercial today (Sept. 17) in which he announces his plans for dealing with the US economy if elected. Obama states that the nation’s economy is in a crisis that demands restitution. His plans for dealing with this issue include such actions as a tax break for the middle-class, a crack down on Wall Street culture and lobbyists, development of energy at home to reduce the reliance on foreign oil, and finally an end to the war in Iraq. Senator John McCain initially had an opposing opinion on the issue; stating on Monday that the economy was “strong.” However, on Tuesday he quickly realigned his views on the subject; declaring the economy to be in a “total crisis.” He now favors increased regulation of the economy. I think this article is worth reading due to its relevance to our current economic state, which affects us all. As the article states, economic conditions have worsened over the past year, so this is an issue that should play an important part in the upcoming election.

Link to article: http://thecaucus.blogs.nytimes.com/2008/09/17/the-early-word-fixing-the-economy/