McCainomics and Obamanomics: DOA?

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Unfortunately it's hard to tell if McCain will do what it takes to cut the huge deficit since he had so much to do with getting it there in the first place. While Obama will be faced with the same monumental task that Bill Clinton was faced with when he came into office, righting a reeling economy which had been torpedoed by another huge deficit! But like any educated lawyer it did not take him long to figure out what he had to do and he went ahead and did it leaving relatively smooth sailing economically for the rest of his terms. Obama is smart enough to figure out what needs to be done once in office and hopefully with the Democratic majority he will have in congress he will get the job done. I don't think anyone thinks we will be able to get out of this mess without biting the bullet, but I hope everyone remembers how we got to this sorry point in the first place and stops putting people into office based on rhetoric and sound bytes instead of substance and knowledge!.

Curtis Gwin Jr of WA 2:58AM August 05, 2008

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Capital Commerce

Capital Commerce

U.S. News business reporter Matthew Bandyk examines the issues, people, and debates that shape the nexus of political and economic life in the nation's capital.

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