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US elections briefing: It’s the economy (again), stupid September 19, 2008

Posted by trouble97018 in Economy, News, Obama, Politics.
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Oliver Burkeman
guardian.co.uk,
Friday September 19 2008 11:39 BST

As George Bush sought to calm America’s economic jitters with a televised address to the nation, the two candidates kept the focus of the campaign on the economy, a subject that continues to help Barack Obama in the polls. John McCain maintained the drumbeat of allegations that Obama, if president, would raise taxes and public spending. But he drew criticism – and not just from Democrats – for saying that if the Republicans won the White House, he’d fire Christopher Cox, chairman of the Securities and Exchange Commission. (Presidents can’t actually fire SEC chairmen unilaterally, but the main criticism to McCain’s remarks was that they demonstrated, again, a propensity to impetuous gestures – and that dragging a regulatory institution into a partisan political war suggested a poor approach to governance.)  Source Article

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