I was traveling over the weekend, which explains yesterday’s lack of a post.  But we’re back in full force today!

Even after yesterday’s financial bombshell, the economy doesn’t seem to be in dire straits.  I remember watching CNBC yesterday, and the forecast, nevertheless, appeared to be all gloom and doom.

However, it’s no secret that the bankruptcy of Lehman Brothers and Bank of America’s purchase of Merrill Lynch illustrate that the financial markets and the U.S. economy have some serious issues.  The economy does seem to be teetering on the edge of a downturn. 

With the general election campaign in full swing, the respective candidates are addressing the economy and how each would deal with it as President.

Senator Barack Obama alleges that investors have been reckless and blames the current economic downturn on “failed Bush policies.”  Obama has called for higher taxes on the wealthy and on businesses to help alleviate American economic hardship.

On the other hand, Senator John McCain blames corruption on Wall Street and remains optimistic about the state of the economy.  He stated that the fundamentals of the U.S. economy, which he says “is the American worker,” are strong.  The American worker, he says, ”is the strongest, the best, the most productive and most innovative.”  McCain has also stated various times that lower taxes, not higher taxes, are the answer. 

Who do you think has a better plan for the economy?  Obama or McCain?  Under which President (Obama or McCain) do you think the economy will fare better?

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