Obama, McCain Lock Horns Over Economy

SelectPlusObama, McCain Lock Horns Over EconomyObama, McCain Lock Horns Over EconomyThe Associated PressWith the faltering U.S. economy now the most important issue to voters, Barack Obama began a two-week campaign tour, hoping to highlight the fiscal differences between himself and rival John McCain. (June 10)Hoping to seize on record gas prices and a recent spike in unemployment rates....Barack Obama strolled into North Carolina Monday --- kicking off a two week campaign tour that will focus largely around the ailing U.S. economy.And, from the outset, Obama made it clear how he was hoping to frame the debate...SOT: Obama --- When we are fighting two wars, paying $4 a gallon for gas, etc...he's willing to give Exxon Mobile a tax break.The economy is an issue the Illinois Senator is trying to make his own --- rather than national security --- where polls show his Republican rival John McCain has the edge.Obama dubs McCain's economic plan a --- quote -- "full-throated endorsement of President George W. Bush's policies" --- something McCain has said is not true.SOT: McCain June 4th Fiscal Conf. --- "Whoever is elected president, there will be a new direction." But Obama isn't buying it....noting that McCain now wants to make permanent the Bush tax cuts he once called irresponsible.SOT: something has changed about john mccain because these same tax cuts are now his central economic policy.Blasting back, McCain says Obama's fiscal vision -- which calls for increased government spending -- would only further weaken the economy.SOT: McCain --- "One of the differences between Senator Obama and me is that he wants to continue this waste of your tax dollars on unnecessary pork-barrel projects."Federal Reserve Chairman Ben Bernanke tried to calm fears of a likely recession while speaking at a conference last night--- Saying the danger of the country falling into a "substantial downturn" appears to have faded.But exactly how it will rebound has not.Presumptive NomineeRaleighSOT: ObamaSOT: McCainRecent polls show the economy is now the most important issue for voters --- surpassing even the Iraq war. ___ ___, The Associated Press.

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News & Politics

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• pol
• us-elections
• obama
• mccain
• lock
• horns
• economy

[chefgrad]

Give your vote to Obama, and you're naive.

Give your vote to McCain, and you're retarded.

[speakupforjustice]

Corporate taxes and taxes on the wealthy (top 1%) have been much higher during FDR's New Deal program as well as through the 1950s. The highest income tax has ever been was somewhere in the 60-77% range for the top 1%. However did this cause job loss? or another financial collapse? NOPE!! It caused the complete opposite, a huge growth in the American economy and a doubling to tripling of the avg income for the middle class. Clearly this kind of policy works well for the middle class.

[ClarksonsinUSA]

@usio123456789 when has socialism ever created wealth??..The RUSSIANS tried it for 7 decades,they currently have per capita income of $10,521 verses the US of $47,132...

The Russians and Chinese don't even practice it any more.

Why it does not work.....!!!!

[usio123456789]

@ClarksonsinUSA i think that socialism can create wealth, but you're definitely right that it would not work in the current American market economy... it takes decades to change such a deep seated paradigm

[usio123456789]

As of January 31, 2011, the Total Public Debt Outstanding of the United States of America was $14.13 trillion and was 96.4% of calendar year 2010's annual gross domestic product (GDP) of $14.7 trillion.[1][2][3] Using 2010 figures, the total debt (96.3% of GDP) ranked 12th highest against other nations.

Gross debt has increased over $500 billion each year since fiscal year (FY) 2003, with increases of $1 trillion in FY2008, $1.9 trillion in FY2009, and $1.7 trillion in FY2010.

[ClarksonsinUSA]

To finish.....

I have 7 kids and we thrive,big government benefits only the stupid or lazy or both ...What ever happened to free men and women making good choices and and being responsible for their lives...????

[ClarksonsinUSA]

Obama's a moron business creates jobs,government consumes....Thats what they do!!! The thing about Socialism it works just fine as long as your spending someone else's money .....When someone else's money runs out ,they have a problem,.

Why would anyone start a business, take a risk to pay MASSIVE taxes????

Socialism does not ever create wealth,and that is the key to prosperity....

[DobeDobyDo]

OBAMA LIED: US still in Iraq. Budget deficit to be TRIPLE under Obama. Guantanimo Bay has NOT been closed. No transparency in the oval office. Closed door meetings. Congressional Bills are not available online to review prior to vote. Lobbiests and KNOWN-criminals in his administration... The more I learn about Obama, the more I realize that Bush was not so bad as we were told.

[pchdt]

Obama spending is irresponsible! What a hypocrat!

[mbenzsl2000]

your retarded, lol. My post was from 2 months ago....

[zardcat1111]

He did win