The Economy

Barack Obama

On the issue of The Economy Barack Obama's campaign supported the 700 billion Wall Street bailout. He also stated that we need new rules for financial institutions and he supports increasing the federal insurance. He proposed a plan that will help families with their mortgages. He has also proposed to keep jobs within the United States by giving $3,000 to businesses for new hiring. He wants to try to create $25 billion worth of jobs. He proposed a plan that would let families withdraw money from their retirement funds without penalty. He wants to extend unemployment insurgents for 13 weeks. I think Obama's Ideas are good and will help our government get out of this hole.

John McCain

On the issue of The Economy John McCain supports the Wall Street Bail out. He supports increasing the federal insurance and wants to create high-level commission to strengthen federal agencies. He wants to create an agency that helps companies avoid bankruptcy. He proposed a plan that would direct governments to buy bad mortgage loans from banks and homeowners. There would be specific qualifications the plan. McCain has proposed suspending the requirement that investors begin dissolving their IRAs and 401(k)s. John McCain has a good veiw on some of these pionts but I feel that some of what he is informing isn't going to help our Economy get any better.

Posted by Mike