McCain, Obama Again Dodged Priority Questions
Posted in Main Blog (All Posts) on October 10th, 2008 4:28 am by HL
McCain, Obama Again Dodged Priority Questions 
Even though questions about spending and tax priorities and “too much debt” were asked again at Tuesday night’s presidential debate, Sens. John McCain (R-Ariz.) and Barack Obama (D-Ill.) once again failed to answer them. In fact, they both perpetuated the fantasy that they can keep all their policy proposals intact — and add new ones — and pay for them with fuzzy spending cuts. “We obviously have to stop this spending spree that’s going on in Washington,” McCain said. “Do you know that we’ve laid a $10 trillion debt on these young Americans who are here with us tonight, $100 billion of it we owe to China?”
Will McCain Make the Investor Connection?
While the presidential candidates were debating in Nashville on Tuesday night, the Asian stock markets were selling off by 10 percent. Earlier in the day, the U.S. market plunged by 500 points. These were big-time drops, yet presidential debaters never talk about the stock market. Nashville was no exception. Roughly $2 trillion in U.S. shareholder capital has been lost in the past 15 months. Stocks are down 20 percent over the last month alone. Those are nasty hits. Stock market people are very unhappy campers right now. And the bad-news financial statements for September are now either in the mail or on the kitchen table. But there were no references to investors either by John McCain or Barack Obama on Tuesday night. This is nuts.
