First, President Bush, who of course is not on the campaign trail, is saying he knows the economy is slowing but tax rebates are coming and they will stem the slow down. So, basically, the President thinks things are under control and wants more of the same.
Hillary Clinton says “…We need a president who’s ready to be a steward of our economy starting on Day One.” She argues that it will take more than tax rebates to avoid a recession. Clinton renewed her call for an extension on unemployment insurance, a government investment to create jobs, and a 90-day moratorium on mortgage foreclosures, along with a five year freeze on subprime mortgage interest rates.
Barak Obama is saying we cannot afford failed policies brought to us by George Bush. In a swipe at his campaign opponent, Hillary Clinton, Obama said, we “… cannot afford another politician who promises solutions but won’t change the divisive, lobbyist-driven politics in Washington.
As usual, Clinton offers a few specifics, while Obama promises change but shies away from any specific plans.
John McCain, who now has the Republican nomination wrapped up, says he feels our pain (well he did not say exactly those words). He does note that people are hurting and calls for repealing the alternative minimum tax and making the Bush tax cuts permanent. The Bush tax cuts are the ones that give major tax breaks to rich folks and the ones that McCain once said he “…could not in good conscious vote for.”
If the presidential campaign debate turns from national security (the issue McCain thinks is his strong point), to the economy, it will be a major plus for the democratic nominee, whoever it turns out to be. McCain promises four more years of Bushonomics, the policies that got us into the mess we are in now. Democrats, at least, say they want to change what we are doing now.
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