The Presidential Candidates on the Economy

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A front-page headline in today's New York Times says, "Parties Differ on Whom Economic Aid Should Help."  But the story goes on to say that when a presidential campaign coincides with both a Wall Street crisis and soaring home foreclosures, "traditional ideological battles… become blurred." Barack Obama and Hillary Clinton have unveiled government rescue plans for homeowners at costs of about $30 billion. John McCain says it's "not the duty of government to bail out and reward," but he supports the Federal Reserve's plan to lend banks and investment firms up to $400 billion. Are the parties as different as the rhetoric makes them sound? Why is Wall Street contributing more to Obama and Clinton than McCain? 

Credits

Guests:
Edmund Andrews - Chief Washington Economics Correspondent, New York Times, Leo Hindery - Managing Partner, InterMedia Partners, Gene Sperling - Clinton campaign - @genebsperling, John B. Taylor - Hoover Institution, Dan Morain - Columnist at CALmatters - @DanielMorain

Host:
Warren Olney