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Wednesday, July 30, 2008

Obama and McCain - Economy Attention



The article is interesting in that the McCain campaign levels complaints at Obama. They are opposed to Obama's interest in removing the Bush tax cuts. The McCain campaign then remarkably fails to mention that former McCain economic adviser Gramm, was intimately responsible for removing the regulations that paved the way for the sub prime mortgage disaster. With that negative mark on McCain's ability to select economic advisers, one might not take his campaign attacks on Obama's economic ideas with much authority, value, or worth.

Reuters: Obama, Bernanke discuss U.S. economic risks
"The two men agreed that Washington must restore confidence in Fannie Mae and Freddie Mac in a way that protects the taxpayer and our financial system, and that we must reform and modernize our regulatory structure to avoid these problems in the future and protect average Americans..."

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