Wednesday, September 3, 2008

Economic policy by the Candidates

Here's an interesting summary of McCain and Obama's proposed economic policies from the Council on Foreign Relations. It says Obama proposes big govenment spending programs to increase employment and stimulate the economy, and that very differently, McCain proposes a decrease in corporate taxes, so that they can afford to hire more people.

Interestingly, it says that either one of the them might well be thwarted, either by Congress or by the fact that the economy is in such dire straights that even a lot of government spending might not help dig us out. Also, they think that Obama will adopt a more centrist position once elected.

Thoughts?

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