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The economy means different things to different people – job and business creation, trade, competitiveness, investment in technology and people, saving scared cow industries, even the budget deficit. A bad economy has been known to sink a sitting president, but a strong one has generally been no guarantee for re-election. This time, around, the economy is somewhere in the middle with growth slowing and inflation seemingly under control. And unlike other democracies, no economist or Treasury Secretary has ever made it to the White House.

 

ECONOMY

 


Current DateTime: 01:20:24 22 Nov 2008
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  • John McCain (R)

      Wants to end pork barrel spending by adhering to strict budgetary priorities.  Would increase transparency in Congress in order to increase accountability. To fight unemployment, supports a buffer account against a sudden loss of income using unemployment-insurance taxes. Plans to draw on the strengths of America's community colleges, applying the funds from federal training accounts to give displaced workers an educational opportunity. Believes government assistance to the banking system should be based solely on preventing system risk that would endanger the entire financial system and economy.

  • Barack Obama (D)

      Supports increased minimum wage as well as job creation and training programs for low-income workers; would increase access to venture capital in underserved communities and help fund a national network of public-private business incubators; create millions of new “green" jobs and invest in rebuilding national infrastructure; strengthen unions and pass the Patriot Employer Act which gives tax breaks to American companies that create jobs and wages at home rather than abroad; supports greater investment in education and basic scientific research to maintain competitive edge; pass comprehensive immigration reform to “attract the best and the brightest."




CNBC POLITICS BLOGS


Current DateTime: 01:20:25 22 Nov 2008
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Current DateTime: 01:20:25 22 Nov 2008
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ADDITIONAL POLITICAL COVERAGE


Current DateTime: 01:20:25 22 Nov 2008
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