Election '08: Oil & Economics

The 2008 Presidential campaign is in full swing, and representatives for both candidates appeared on CNBC this morning to explain their economic positions.

The Policital Week In Review

CNBC's John Harwood takes a look at the weekend's political developments and how economic issues are taking center stage in this year's presidential election. The latest poll numbers, Harwood says, show Sen. Barack Obama building a lead on Sen. John McCain while the presumptive Republican nominee prepares to go on the offensive.

Holtz-Eakin on McCain's Gas Tax Holiday

McCain Economic Policy Adviser Douglas Holtz-Eakin talks about the candidate's idea to offer consumers a gas tax holiday, as well as the impact he believes the economy is likely to feel. Autonation chairman and CEO Mike Jackson, on the other hand, believes high gas taxes will force consumers to cut back.

Corzine on Obama's Tax Plan

Gov. John Corzine, N.J., discusses Obama's tax plan, including his intent to reduce taxes on middle-income Americans. Corzine asks if the country is going to put the burden of entitlements on Americans in middle- and moderate-income brackets or find a way for everyone to share that burden.