October 2008 Archives

ECONOMIC RESCUE PLANS

Both OBAMA and McCAIN issued emergency economic plans as the financial crisis worsened and the U.S. entered a deeper recession.

Updated: Oct 15, 2008, 4:37 PM | Comments (1)

FINANCIAL MARKETS

McCAIN and OBAMA both voted for the emergency legislation giving the Treasury secretary authority to buy up to $700 billion in risky debt from financial institutions. Both said they did so reluctantly and only because they thought intervention was necessary to keep the economy from a deep recession. Both are also calling for regulatory fixes goings forward, but each has a different approach on long-range strategy.

Updated: Oct 6, 2008, 2:02 PM | Comments (0)

TAXES

McCAIN would seek to make all of President Bush's rate cuts permanent.

OBAMA favors new tax breaks for seniors and low-income earners, as well as keeping middle-class tax breaks.

Updated: Oct 6, 2008, 2:02 PM | Comments (7)

IRAQ

OBAMA wants to withdraw most combat troops from

Iraq

within 16 months.

McCAIN says he'd keep troops in Iraq as long as necessary.

Updated: Oct 6, 2008, 2:05 PM | Comments (1)

HEALTH CARE

OBAMA wants to require large employers to offer insurance or else pay fees to help finance subsidies.

McCAIN would move away from employer-based plans and use tax credits instead.