No matter who is elected president, the next leader likely will institute new initiatives aimed at strengthening the American economy. Because most voters are concerned that the economy will continue to worsen, many are paying attention to the candidates’ proposals.
Barack Obama unveiled his new plan on October 13 in Toledo, Ohio. His plan calls for suspending taxes on unemployment benefits, allowing people to withdraw up to $10,000 from their retirement accounts without penalties and giving a two-year tax break to businesses that create new jobs.
John McCain announced his new plan on October 14 in Blue Bell, Pennsylvania. Like Obama, he called for suspending taxes on unemployment benefits. McCain’s $52.5 billion plan also calls for reducing taxes on retirement accounts and lowering capital gains taxes.
The candidates’ views on the economy is likely to take center stage at tonight’s final presidential debate, which you can watch on the C-Span Web site. The American economy greatly impacts the world’s financial health – Which candidate do you think would do a better job handling economic issues?
Comments (3)
dennis
16 October 2008 at 00:08 EDT
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The economical crisis which America and the world is facing is not a result of short period of mishandling or wrong direction and deliberation of present US government. But it is an old problem of wrong policy and selfish interest malice. So it will take long time to correct the foundation of economical structure.
In this respect I feel Obama will be more suitable president for America. As far as the way he has projected his policy together with
his manners and attitude gives him plus point.
God save America.
Thanks.
http://www.statedemocracy.org
Elliot
16 October 2008 at 13:14 EDT
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I quite agree with dennis. Actually living in England myself, I’ve been paying attention to the U.S. Economy aswell as our own, and I find in both cases it is not necessarily the governments fault but the self-interest of the people who ‘look after’ our money. Bankers, Loaners, Mortgage-Lenders etc have never spared a penny from their own pocket to keep the economy in ‘tip-top’, and that’s where the root of our problem lies.
Roz
16 October 2008 at 14:50 EDT
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I think he knows more about, how iran is dangerous…………