Today, John McCain was supposed to reveal his economic plan to solve the current crisis, but his campaign has since said McCain would not have any more proposals this week unless developments call for some. Instead, McCain will give a stump speech to “signal that’s he not going down without a fight”.
Barack Obama, however, will give his major policy address on an economic rescue plan for the middle class in Toledo, Ohio today at 1:30pm.
From the Obama Campaign:
Chicago, IL – Today in Toledo, OH, Senator Obama will deliver a major policy address to lay out his economic rescue plan for the middle class. Our economy is facing its greatest uncertainty in over 70 years, we have lost 760,000 jobs this year and the unemployment rate is expected to reach 8 percent. Families, who saw their incomes decline by $2,000 in the economic “expansion” from 2000 to 2007 now risk seeing deeper income losses. Retirement savings accounts have lost $2 trillion. Millions of homeowners who played by the rules have seen their housing values plummet and are having a hard time making their mortgage payments. And credit markets are nearly frozen, preventing businesses large and small from accessing the credit they need to meet payroll and create jobs.
Tags: barack obama, economy, john mccain
No question that Obama has been more able to articulate a plan to help the economy. That’s why he’ll win. The economy is the most important issue today and without a plan, McCain is not electable.
I didn’t realize how concerned I was about the economy until I took this poll. . .
http://www.friendsoftheuschamber.com/takeaction/index.cfm?ID=33
- – it asks whether I think the economy will grow over the next year. Heck NO! I’d give it two to three years before we start seeing tangible growth.
It’s bad and getting worse.