Wednesday, September 24, 2008

Politics or the The Country First Takes Front Page on Economic Front

Today, as the economic future of America continues to look bleak, the two candidates for president, took very different strategies.

First, you have one candidate, that says he must put the Country first and suspends his campaign to return to Washington to help hammer out a plan to help solve the country's economic problems.

McCain said he's temporarily canceling campaign events and advertising to return to Washington and join talks on the Treasury's plan for the U.S. financial system, and urged his Democratic rival to join him in an urgent meeting with President Bush and congressional leaders.
The Arizona Republican also called for the first presidential debate, scheduled for Friday evening, to be delayed as lawmakers continue to hammer out modifications to the plan.
- MarketWatch.com


Meanwhile, the other candidate is putting politics first and is still campaigning, at least in terms of Friday's debate. Has said he would not suspend his campaign like McCain did.

But Obama said that Friday's planned debate at the University of Mississippi should go on as planned to tell voters how he and McCain plan respond to this crisis.
It's "important to communicate to the people where we need to go in order to pull out of this thing," the Illinois senator commented. Obama added that the public needs to know the candidates can manage several issues at once.

- MarketWatch.com


The topic for the debate was to be foreign policy, not the economy. As of yet, there has been no change to that topic according to CBS News with Katie Couric.

While, I don't think this is a time for partisan bickering, I have problems with some provisions of the plan as it currently stands. Quite frankly, those provisions, I am quite surprised are reportedly supported by a so called conservative (President Bush). What, in particular do I have a problem with? That would be the U.S. Government taking an equity stake in the companies it bails out. That to me sounds to much like socialism.

The massive rescue plan is facing skepticism in Congress as members seek assurances that it will work as intended. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke have been pushing for the plan on Capitol Hill for two days.

McCain said he's confident that lawmakers and the administration can come up with a compromise plan before markets open Monday.
- MarketWatch.com
Both candidates are to jointly meet with President Bush at thew White House tomorrow (Thursday). It will be interesting to see what kind of plan the trio can come up with.


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1 comment:

  1. McCain is still collecting money through his website. He has given a ton of interviews (so have his aides) and his adds are still playing on TV. Palin is doing touristic stuff around NEw-Yok.
    You should check your facts first.

    ps: Amazing site you should chekc it out: http://sahmmoney.blogspot.com/

    ReplyDelete