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

Barack Obama Photo by AP

Barack Obama

  • Proposes a 90-day moratorium on home foreclosures at some banks
  • Proposes allowing people to withdraw up to $10,000 from their retirement accounts without any penalty this year and next year.
  • Supports a two-year tax break for businesses that create new jobs.
  • Voted for the $700 billion bailout for the financial industry
  • Has called for a new economic stimulus plan in response to stock drops that followed the bailout bill's passage