McCain, Obama Outline Dueling Economic Plans

Candidates differ sharply on how to get economy rolling again

By Rob Quinn, Newser Staff

Posted Jun 11, 2008 6:24 AM CDT

(Newser) – John McCain and Barack Obama drew clear battle lines yesterday over a central election issue—the sputtering economy. McCain promised to boost the economy with tax cuts and reduced regulation, while Obama set out a strategy to help the hard-hit poor and raise taxes on the rich, reports the Washington Post.

The rival plans conform to the pair's respective party lines—and both invoked the names of earlier presidents. "I've said John McCain is running to serve out a third Bush term, but when it comes to taxes, that's not being fair to George Bush," Obama said. McCain went a little further back, saying it seemed as if Obama was "running for Jimmy Carter's second term."

Democratic presidential candidate Sen. Barack Obama D-Ill., speaks about the economy, Monday, June 9, 2008, at the North Carolina State Fairgrounds in Raleigh, N.C. (AP Photo/Alex Brandon)

John McCain gives a thumbs up as he makes a campaign stop at the National Federation of Independent Business and eBay 2008 National Small Business Summit in Washington, Tuesday, June 10, 2008. (AP Photo/Charles Dharapak)

John McCain makes a point during his speech to the NFIB & eBay 2008 National Small Business Summit, Tuesday, June 10, 2008, in Washington. (AP Photo/LM Otero)

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McCain, Obama Outline Dueling Economic Plans

Candidates differ sharply on how to get economy rolling again

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Candidate looks to cut taxes, project fiscal responsibility

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McCain, Obama Outline Dueling Economic Plans

Candidates differ sharply on how to get economy rolling again

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OTHER STORIES ON OUR RADAR

Barack Obama • John McCain • US economy • tax cuts • tax hikes • economic stimulus package • economic plans • campaign issues

MOST POPULAR STORIES

[ By Views ]

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More Newser Stories

Obama's Cure Not Potent Enough for Economic Ills

Call for bold action on economy followed by plan that falls a long way short

Dems Don't Like Obama Tax Cuts

Hill leaders doubt plan's stimulus power, say prez-elect trying too hard to woo GOP

Obama Cracks Open Lead on Economic Fears

Poll finds Obama leading McCain by 9%; Palin approval ratings falling

McCain Outlines More Specific Fiscal Stance

Candidate looks to cut taxes, project fiscal responsibility

Second Stimulus, Additional Debt Release Coming

President to trade short-term spending for long-term cuts

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