On this weeks edition of Face the Nation Bob Schieffer sat down with each economic strategist of the Obama and McCain's campaign and outlined their candidates economic plans. They discussed another stimulus package and also the state of our economy. In your response please tell me how each candidate differs on their policy and which one you think is better for our economy and why? BE SPECIFIC and use direct quotes from the program.
5 comments:
Robert Rubin from New York, NY who is one of the economic strategists for Obama’s Campaign explained his opinion and point of view on what needed to be done to help Americans with their financial needs. Robert Rubin states that the current strategy has brought improvements in credit market, but however and overwhelming amount of things still needs to be address like for example mortgages. He express that the recession can be stimulated in a period of time, but when asked how long, months, years replied, “No one knows”. Concerning the currently 6% - 10% unemployment rate Robert Rubin said that public policies needs to be highly activated.
Doug Holtz-Eakin on the McCain ticket expresses that we should invest in advance fuel-efficient cars, putting money into the housing project, don’t raise taxes, help people keep and get more jobs available for the people. With unemployment at 6% and rising, Doug Holtz-Eakin suggests reducing spending; don’t cut off trade and an efficient energy policy. Other than Robert Rubin’s “No one knows”, answer to the recovery of the recession Doug Holtz-Eakin feels confident that the this time next year he will be having an other interview with Bob Schieffer.
In my opinion both ideas can be more efficient when combining. Each policy have their strong points and their weak points, so with corporations from each party I believe they can meet at a certain negotiation. From Obama’s Campaign I enjoy the taxes policy, controlling spending, and energy agenda. On the McCain’s ticket I think helping the housing projects and getting people back on their feet is an excellent way to address the base of the economy problem instead of giving a “bail out” check.
Robert Rubin from New York, NY states that the current strategy has brought improvements in credit market; however, an overwhelming amount of things still needs to be addressed, for example, home mortgages. With the 6% to 10% unemployment rate, Robert Rubin said that public policies need to be highly activated.
Doug Holtz-Eakin, supporter of Sen John McCain, says that we should invest in fuel-efficient cars, investing money into housing, decreasing taxes, and to create more employment opportunities. He also suggests that we should cut back on spending; though, to continue with trade.
I believe that if the two people could sit together and combine their ideas then we would have a positive outlook of the future of our economy. Both presidential candidates argue with each other; though, if you were to combine their economic plans, we would have the potential in becoming a thriving nation once again. By working together they'd be able to figure a better solution than to make a "bail out" plan that would eventually put us right back where we are now.
Re: Richele Joaquin
I agree with your outlook because it's obvious that both people have similar interests on what needs to be done and we could find better ways of getting ourselves out of this economic crisis. The "bail out" plan will just make matters worse in the future.
RE: Richele
After reading "The Fall of America, Inc." by Francis Fukuyama, my knowledge of the economic history of the United States before and during my existence has increased. Therefore, I agree with Richele's stance on Obama's economic plan as far as controlling spending and rebuilding the middle class with his tax policies go. I disagree with Holtz-Eakin's idea of focusing on the $700 billion dollar bailout money and holding off on additional stimulus packages because the bailout mainly benefits the large corporations and puts the taxpayer at risk. The position the Obama campaign is taking with the additional stimulus package seems more enticing to me because it will help not only families, but aspects of city and state governments as well.
Re: Richele joaquin
I completely agree with you. I believe that in order to get America back on our feet both parties have to come together and share ideas and come up with the best plan to rebuild this country. No matter who wins in this upcoming election it is obvious that that president is going to have to do a lot of things including ideas from both parites and not just sticking to their own.
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