Campaign 2008
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THE ISSUE: THE ECONOMY

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Hillary Clinton Photo by AP

Hillary Clinton

  • • Outlined a four-point plan that includes giving more aid to homeowners to restructure their mortgages and giving states and cities an additional $30 billion to fight foreclosures. This amount is roughly what the Federal Reserve guaranteed to back bank JP Morgan for when it agreed to buy lender Bear Stearns
  • • Unveiled a five-part, $70 billion stimulus package designed to help homeowners in foreclosure, address rising energy costs and calls for immediate investments in "green collar jobs".   Details
  • • Supported legislation that would lower the deficit by reinstating some Bush tax cuts
  • More from Clinton's website
  • Clinton's bio, campaign coverage
Mike Gravel Photo by AP

Mike Gravel

Alan Keyes

Alan Keyes

John McCain Photo by AP

John McCain

  • • Advocated a "tough love" approach to the housing crisis, and has said it is not the duty of the government to bail out "speculators." Any assistance should be focused solely on homeowners.
  • • Has said that line item veto is the best way to stop pork-barrel projects
  • • Voted twice (in 1995 and 1997) to remove the Social Security Administration from balanced budget calculations
  • • Unveiled a stimulus plan that lowers the corporate tax rate from 35 percent to 25 percent, allows expensing of equipment and technology investments and establishes a permanent research and development tax credit
  • More from McCain's website
  • McCain's bio, campaign coverage
Barack Obama Photo by AP

Barack Obama

  • • Proposed relief for homeowners and an additional $30 billion stimulus package to address the nation's economic woes, roughly the same amount the Federal Reserve agreed to back bank JP Morgan for when it agreed to buy Bear Stearns.
  • • Has said he would more than double the tax rates for managers of hedge funds and private equity firms
  • • Co-sponsored the Fair Pay Act of 2007 that notes the existence of wage differentials between men and women
  • • Introduced a $120 billion stimulus plan that offers $35 billion in tax rebates to middle-income families, as well as a $10 billion supplement to Social Security
  • • Promised to create a development bank that would invest $60 billion to rebuild the nation's infrastructure.
  • More from Obama's website
  • Download a PDF of Obama's plan
  • Obama's bio, campaign coverage
Ron Paul Photo by AP

Ron Paul

  • • Has blamed the Federal Reserve for the weakening economy by allowing the dollar to weaken
  • • Is an advocate of the Fair Tax plan to replace income tax and the IRS with a national federal sales tax
  • • Voted in support of restricting bankruptcy rules
  • More from Paul's website
  • Paul's bio, campaign coverage