June 10th, 2008
12:00 PM ET
13 years ago

Presidential hopefuls eye the economy

[cnn-photo-caption image= http://i.cdn.turner.com/cnn/2008/images/06/10/art.mccainobama.ap.jpg caption="Obama and McCain are battling over the economy. "](CNN) - The economy is the No. 1 issue on the minds of American voters, and Sens. John McCain and Barack Obama offer vastly different plans to improve it.

Watch: Pros/cons of Obama's new plan

McCain on Tuesday told a group of small business owners that his goal as president will be "to get our economy running at full strength again."

The senator from Arizona is attempting to paint Obama as a typical Democrat who wants to raise taxes and regulate government, charging that Obama would institute the largest tax increase in more than 60 years.

Full story


Filed under: Candidate Barack Obama • John McCain
soundoff (259 Responses)
  1. Debbi

    I don’t see why people are blaming Bush for the lousy state this country is in. I have not had a raise in a year due to the crushing effect the economy has had on the profession I am in. If you ask, “Are you better now then you were a year ago.” My answer would be a profound, “yes.”
    The reason is all around us, the cost of living has gone up, my paycheck hasn’t.

    We are no safer now then we were for or even eight years ago. Just yesterday, the border agents captured fifteen Chinese immigrates trying to sneak into the US through Mexico. The ports are unsafe, we are farming out our Air force and railways to foreign countries.

    All in all, it is not Bush’s fault we are in dire straights, it is those who chose to vote for him the second time around, and now, they are looking for a third “Bush” term through McCain? Can you say masochistic?

    June 10, 2008 01:36 pm at 1:36 pm |
  2. Michele, Oregon

    To Outsider Looking In: Thank you! That needed to be said!

    June 10, 2008 01:36 pm at 1:36 pm |
  3. Henry Miller, Cary, NC

    "The senator from Arizona is attempting to paint Obama as a typical Democrat who wants to raise taxes and regulate government..."

    Obama is a typical Democrat who wants to raise taxes, but the article got the last bit wrong: Obama wants more and more government to regulate you. If he becomes President, one of the first things on his list is apparently going to be to deprive us all of any choice in medical care–not fair letting all those nasty "rich" people get better care than everyone else. And raising taxes is a fundamental deprivation of liberty–things you can't afford to do because the IRS swiped another couple thousand from your annual income are indistinguishable from things you're not allowed to do.

    Obama, like most Democrats, thinks we're all irresponsible idiots incapable making any significant decision without government "help."

    June 10, 2008 01:37 pm at 1:37 pm |
  4. David in Dallas

    McCain just wants to do more of what Bush did.

    Look what a great economy that got us. Look what a great national debt that got us.

    What's McCain want? $8.00 for a gallon of gas, a million foreclosed homes, and so much debt not even the middle east and China will loan us any more money?

    June 10, 2008 01:39 pm at 1:39 pm |
  5. Slected not Elected

    Obama is a Liberalofascist Marxist Muslin socialist who will raise taxes and give it all to the minorities and the gays. If God was still aloud in school none of this would have happened.

    June 10, 2008 01:43 pm at 1:43 pm |
  6. JLW

    The only reason Clinton and Obama have the same platform is because he copied hers. He doesn't have an original thought. And while I thought I would vote for him in November, I am having serious doubts. I have health insurance and I don't want him interferring with private healthcare. I think universal healthcare is great but don't mess with the people who already have it. The last thing we need is a socialist system.

    June 10, 2008 01:44 pm at 1:44 pm |
  7. Karl

    I find it amazing that the HRC suporters think that their 18 million can stop an election. But in 4 years if the 18 million that supported Obama did the same to HRC, would we not be in the same place? By no means do I say you are wrong, I just see the logic as flawed. Help me understand.

    June 10, 2008 01:46 pm at 1:46 pm |
  8. Matt

    The democrats promised you in 2006 that if you put them in charge of congress they would change the economy, end the War in Iraq, and bring down gas prices.

    Well the changed the economy, that's for sure.

    Now they are promising you the same things.

    When will you uneducated people learn they are lying to you??

    June 10, 2008 01:47 pm at 1:47 pm |
  9. The Delaware Oracle

    Mac is made of the real stuff. A real man. Obam is cotton candy fluff and almost womanly with his 39 bowling score..

    Obam was appointed by the DNC and the DNC will appoint a VP.

    After seeing the results and the delegations from the state of Washington where Obam got 25 delegates on less than 30,000 votes and he got more delegates in TX and NV when Hillary won the popular vote are prime indicators that the nomination was fixed.

    So go on and try to seize the headlines on a phony VP search. Give me a break.

    June 10, 2008 01:48 pm at 1:48 pm |
  10. MichaelH

    This forum is just like the race for president. No one seems to know the issues! Even though the democrats are in charge they had nothing to do with the cost of gas. The weak dollar brought on by Republican direction of the Fed, and speculators buying commodities because they cannot make any money in financials (again do to policies by the Fed) is causing the price of oil to rise. Someone mentioned that unemployment is the lowest its ever been, after having been manipulated by the government. How about showing how many people quit looking for jobs because there are none? That figure will not be 5.5%

    Bush not causing the economic problem and subprime mess is the right answer, for the correct answer travel back 25 years ago to the Federal policies of cheap money that is continuing today and the avarice of Wall Street in creating complicated investment vehicles that they do not seem to understand.

    A major commentor was asked "Who would you choose for president?" His answer:

    "I would shoose the smartest person available, and hope that they can hire smart people!"

    As Friday would say "The facts mam, justs the facts!"

    June 10, 2008 01:48 pm at 1:48 pm |
  11. joseph

    Jeff, NY June 10th, 2008 12:06 pm ET

    Remember, John McCain will "veto every single BEER!" lol

    Oh and to clear things up, when Obama misspoke and said that there have been "57 states", he really meant 57 primary election contests.

    No one speaks perfectly, but let's not forget the most notorious butcher of the English language: George W. Bush!

    Isnt that like saying McCain misspoke and meant to say beers instead of bills. WOW you Obamabots really are more educated. I know I dont speak perfect english, but 57 states I know what you say he ment to say, the fact is he said 57 states.

    June 10, 2008 01:50 pm at 1:50 pm |
  12. Broke in NJ

    I applaud those who are wealthy by their own means like going to school, working hard and saving every penny, or inventing something unique etc. What I won't stand for is the wealthy that have gotten there riding on the coattails of someone else. i.e. Bush, McCain, half of Washington DC etc. I don't penalize or badmouth the wealthy for being rich however I do criticize them for trying to tell me that they understand the plight of the poor man when their claim to wealth was their wife, daddy, or other family member. But that is America and the rich will always be rich and the poor will always be fooled to elect and seek millionaires that 'understand' their problems.
    The only guy in the campaign that is self made is Obama and he will get my vote.
    PS I called my senator and his limo driver confirmed it, gas is expensive these days!

    June 10, 2008 01:54 pm at 1:54 pm |
  13. Teddy California

    It is good for Obama finally to talk about economy. He needs to focus on the economy like a laser. McCain's and Republican's economic ideas are all based on less governmental intervention and lower taxes. They do not have that much to talk about because they believe the economy should be run by private businesses, not the government.

    When economy is not good, more people like active governmental roles in economy. In fact, there are very few countries like U.S. In Europe, Japan, China, India, Canada, Korea, Brazil, and other major countries, governments play much more active roles in economy than the U.S. Japan's government gives very detailed macro economic planning.

    Are Americans ready for more governmental roles in economy? When economy is not that good, the answer is yes.

    I just hope my family won't have to pay too much more taxes. We are ready to pay several thousands more a year. But if we have to pay more than 10 K a year additional taxes, we might vote against Obama because in that case, we have to cut back contributions to our 401K/IRA savinvs, or our kids educational and customdian accounts. I will check his proposals carefully after Democratic convention.

    June 10, 2008 01:54 pm at 1:54 pm |
  14. Obama v McCain

    is it a conflict of interest when your current president has "family interets" in oil?

    June 10, 2008 01:55 pm at 1:55 pm |
  15. David in the US

    People who claim to be one of the 18 million betrayed by the DNC should know this: Even if the DNC had voted to allow FULL delagate counts out of Florida and Michigan, Hillary still would not have overtaken Obama. This was not a popular vote election. If it was, the entire strategy for both candidates would have been different from the start. If you don't like the rules, work to change them. Both candidates played the same game.

    These HRC supporters threatening to boycott or throw the election are the same people, who, if Hillary was winning without those delagates from Michigan and Flordia, WOULD CARE LESS about whether or not those states were even counted. It's like, complain that every vote counts when you need them and keep your mouth shut if you don't. C'mon, you think HRC would have cried foul if she were already winning? Fact is, she never counted on going past Super Tuesday.

    What if Obama had won Florida and Michigan. Do you think hillary would have come out and started screaming about counting ALL the votes there??? Give me a break. You lost a close race. Deal with it. Your candidate, HRC, is already supporting Obama and she should be more upset than you.

    Why did you vote for her in the first place? Because you care about the future of our country? If so, vote for Obama now. Otherwise, you either voted for her only because she is a woman or because you are racist against black people. There is no other reason why you would switch from her to McCain. If it was about issues vote Obama. If it is racism vote McCain. end of story.

    June 10, 2008 01:55 pm at 1:55 pm |
  16. Jay Ramos in NYC

    Anyways, what is the infatuation with Obama? In reality there is little substance behind his public speeches and rethoric.

    I really wonder if Democrats and Liberals really want what is best for this country. Are you guys such big fans of more taxes, bigger government, and running away from Iraq so Al Qaida can take over?

    Do we really take a look at the issues or we just go with the trendy anti-american setiment of the day?

    June 10, 2008 01:56 pm at 1:56 pm |
  17. Ken

    Mary,
    Do you really know some ULTRALIBERALS who will take our money away? The truth is, the wealthy have benefited from the largest tax break in our history and haven't created anything. They put it in their pockets or buy yachts or six or seven houses or whatever. You must be a very wealthy person to beleive that the liberals will take all your possessions. Possessions are the big problem for the wealth. Greed is what has caused the housing crises, the gas crises and the crises of convidence in our government. I consider myself liberal and have been working hard for the past fifty-one years and, oh yes, paying taxes and social security and giving to charity and taking care of my family. Stick your republican crap.

    June 10, 2008 01:58 pm at 1:58 pm |
  18. OBAMA FOR PRESIDENT

    Hillary Lost!

    June 10, 2008 02:04 pm at 2:04 pm |
  19. Rudy NYC

    TrueDat, check your facts.

    Bill Clinton started in a recession left by Bush Sr. The mortgage crisis was created by Bush deregulating the industry to allow contractors, non-banking entities like Trump, to deal in loans. The Wall Street crisis occurrred because of deregulation and lack of oversight.

    How many years of regulation would the $35 Billion Bears and Stearns fiasco have paid for? The GOP has a clear tax record of "slash and spend", which has created every recession seen in the US over the past 40 years.

    June 10, 2008 02:05 pm at 2:05 pm |
  20. STILL BROKE~

    this blog is out of control! The hilary supporters arent not voting for obama because they are angry hilary didnt get the nomination, although she should have! They dont like the candidate... Its that simple. If it were edwards I would be voting for him. Richardson NO its not anger at Obama, its the lack of experience, no record, thats causing us to vent. The dnc has made a very bad decision, and they are going to have to live with it.

    June 10, 2008 02:05 pm at 2:05 pm |
  21. MLG

    McCain/Huckabee 08

    June 10, 2008 02:09 pm at 2:09 pm |
  22. Karen in Fla

    BASIC ECONOMICS.

    The money has to come from somewhere. More hot air from Obama with NOTHING concrete except to slime McCain. And this is change how exactly????

    Before you just blindly follow the empty suit, do some research on what McCain and other candidates are really all about and if necessary, ask someone who works with finances in business just exactly what happens when revenues are down – can you say RIF??? (Reduction in Workforce for those unfamiliar). Guess it is a good thing Obama wants to increase unemployment benefits....

    Please people – learn a little about it. Don't just vote Obama because you like his speech. That is not what electing a President is about. And don't fall for the nonsense about voting party line. Voting for a President is an honor and should be taken seriously. You should be voting for the person capable of running the country – not the person who should be Press Secretary.

    June 10, 2008 02:09 pm at 2:09 pm |
  23. The Truth

    No Hillary then McCain = Racist

    If this is your rational then it's time to take a good look in the mirror and ask yourself if you're really voting on the issues or do you have issues you need to work out.

    June 10, 2008 02:10 pm at 2:10 pm |
  24. Rudy NYC

    Jay Ramos in NYC. Is this the first Presidiential election that you have watched? The actual campaign slates come out after the election. Until that time all that you will hear is "rhetoric".

    But, this year might be something completely different.......

    June 10, 2008 02:10 pm at 2:10 pm |
  25. Karen in Fla

    To Mimi De La Cruz for Obama –

    Getting rid of ALL SCUMBAG POLITICIAN INCLUDES OBAMA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    All hot air – same old same old but this time without any experience.

    June 10, 2008 02:10 pm at 2:10 pm |
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