The Final Debate and the Economy
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The latest polls show Barack Obama increasing his lead over John McCain with tonight's final debate focused on the economy. We take a long look at their rescue packages, long-term plans and what to watch for in their last face-to-face confrontation. Will they be able to deliver on what they’ve promised? Also, the stock market falls despite good news in the credit markets, and a court ruling on voter fraud puts the pressure on election officials in the swing state of Ohio.
Wall Street Sharply Down Again on Bad Economic News ()
There was some good news today about the credit markets with a drop in the interest rate at which banks lend to each other. But that wasn't enough for Wall Street. E.S. "Jim" Browning covers finance for the Wall Street Journal.
Candidates Vow to Help Swing Voters on Eve of Last Debate ()
John McCain and Barack Obama both know that when it comes to the economy, the next president will have to hit the ground running. But the ground keeps shifting and the crisis has produced demands for detailed proposals from both candidates. On Monday, Obama outlined a rescue plan worth about $110 billion. Yesterday, McCain countered with about $52 billion. After a day when stocks have been falling again, voters will see the candidates under pressure tonight in unpredictable circumstances. We compare what they've come up with so far on foreclosures, investments, home mortgages and all kinds of taxes. With three weeks until election day, which constituencies are they aiming at? In the debate, will McCain attack as promised? Will Obama dare to be dull?
- Michael Hirsh: Senior Editor, Newsweek, @michaelphirsh
- Maya MacGuineas: President, Committee for a Responsible Federal Budget, @MayaMacGuineas
- Roberton 'Bob' Williams: Principal Research Associate, Tax Policy Center
- John Mercurio: Senior Editor, The Hotline
Is There Something to the GOP Charges of Voter Fraud? ()
The McCain campaign and Republicans all over the country are zeroing in on the Association of Community Organizations for Reform Now. ACORN claims to have registered 1.3 million young, minority and working class people in several states and admits that some of the names submitted are phony. A Federal Appeals Court has ordered the state of Ohio to establish a system to verify the eligibility of newly registered voters and to do it by Friday. It's the latest move in a long-running battle over allegations of voter fraud. Rick Hasen, Professor of Law at Loyola Law School, writes ElectionLawBlog.org.
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