Trying Times Ahead.
We have had doom and gloom in the financial reports dominating the news and the presidential candidates are trading barbs over economic policy in recent appearances. As usual, they are offering sharply contrasting remedies for the country’s ailing economy.
The likely Republican nominee, Johm McCain, attacked his likely opponent during an appearance in Washington on Tuesday, telling an organization of small businesses meeting here that Senator Barack Obama would undo trade agreements that had benefited the United States and raise taxes for “Americans of every background.”
Mr. Obama has called for a more active government role in improving the economy and in providing more direct assistance to embattled Americans, while Mr. McCain has emphasized lower taxes and cutting government waste. Mr. Obama also has sought to tie Mr. McCain to the country’s current economic woes, charging that the Bush administration has been “the most fiscally irresponsible administration in history.”
What are the facts? Unemployment is up, and so are fuel, energy and food prices. It goes without saying that the housing market is in a shambles. These things we know. Who has the best economic plan? If you have a mortgage, kids to feed and commute to work, it doesn’t matter what anyone is going to do in six months to a year. You need answers now. We don’t pretend to have the answers that some of the best economic minds don’t have.
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Tags: barack obama, economy, John McCain, ticosland costa rica
