To the Point
Once Again, It's Politics and the Economy
John McCain today proposed $52 billion in tax cuts and savings guarantees to restore the economy. We look at where both candidates stand and examine so-called "Bradley Effect." Also, the Bush Administration today took a stake in American banks, and with all the dramatic developments on the economy, is it time for a sigh of relief?
By Warren Olney • • 1h 0m ListenJohn McCain today proposed $52 billion in tax cuts and savings guarantees to restore the economy, the issue which is likely to dominate the rest of the campaign. We look at where both candidates stand and examine so-called "Bradley Effect." Do African American candidates face "hidden racism" that doesn't show up in the polls? Also, the Bush Administration today announced plans to partly nationalize American banks, and with all the dramatic developments on the economy, is it time for a sigh of relief?
Banner image of McCain and Obama during Second Presidential Debate: Justin Sullivan/Getty Images
In this episode
3 storiesUS Takes Stake in Banks
The Bush Administration today announced plans to partly nationalize American banks "so they can resume lending and help spur job creation and economic growth."
Read the story6 minThe Economy, the Campaign and Polling
The Bush Administration reluctantly made good on its promise today and partially nationalized American banks with $250 billion. Shortly afterward, John McCain said it's time for action and announced a $52 billion plan of his own. Will McCain's focus on the economy help him catch up to Barack Obama ?
Read the story34 minWill the Latest Bailout Plan Fix the Crisis in Confidence?
Earlier we heard about today's announcement that $250 billion of the $700 billion bailout will be used to prop up American banks . We've heard about the immediate reaction from Wall Street. What about getting credit flowing again? Will the latest dramatic actions help ease the likelihood of a deeper recession?
Read the story9 min
