Friday, September 19, 2008

Who wants it more?

A recent LA Times article analyzed the responses of the presidential candidates to the current unfavorable conditions on Wall Street. Unfortunately, I haven't followed their responses too closely myself, so what was reported in this article was somewhat surprising.

McCain claimed that, if he were President, he would "fire the head of the Securities and Exchange Commission and create an agency to overhaul weakened financial firms," whereas Obama was more in favor of "injecting more money into the current battered financial system."

Both McCain and Obama are clearly making strong decisions in an effort to appear as agents of change for the struggling economy, but who seems more liberal? According to Robert Litan, vice president for research and policy at the Kauffman Foundation, "It has long been Republican economic orthodoxy to warn against government bailouts, and for McCain to embrace the idea is really pretty stunning." Comparing the candidates' solutions at the surface would suggest that McCain is promoting more radical changes to be made in the country's financial situation, perhaps as an effort to fulfill the "maverick" role into which he and his running mate have been cast.

These two videos show the candidates' recent ads for change in Wall Street. While Obama's is longer than McCain's, it also references the McCain team's "untruths" in this campaign and so is not entirely focused on the economy. You decide which sounds more like a proponent of real economic reformation.

McCain - "Foundation"



Obama - "Plan for Change"

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