Monday, September 29, 2008

9.29.08

Bailout Vote, VP Debate Hangs Over Campaigns
On monday Obama was in a campaign on and Biden was getting ready for the vice president debate on thursday, McCain and Palin were attending a rally in Ohio.Voters are consumed with the flailing U.S economy and McCain and Obama are pounding that issue. McCain says he can restore financial oversight while slashing wasteful spending and cutting taxes on individuals and businesses. McCain represents a continuation of the unpopular Bush's economic policies and argues McCain backs corporate tax breaks and lax regulation that have contributed to the financial crisis. Polls says that the race titles on Obamas side while McCain is losing his political strenght. By Sunday, both campaigns were taking partial credit for the shape of the financial bailout. McCain said in a tv show early in the morning that the latest version of the bailout plan meets his insistence of an oversight body to monitor the treasury secretary and limits the compensation of executives of financial institutions applying for loans.Vice presidential candidates seldom decide elections. But in a contest as close as this one between McCain and Obama, a misstep could set back either campaign in the final weeks before the elections.

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