Politics and money by Claudia Sonea

The latest subject approached on Thursday by presidential candidates is economy. Mostly both Democrats were attacking the Republican nominee, but there was an exchange of lines and allusion even between them. Both Barack Obama and Clinton referred to the credit and mortgage crisis and how they would improve things. Although the two Democrats had similar ideas, there were also different ones. Hillary Rodham Clinton proposed a retraining program for a new job in case problems might appear at the current job or just because it is good to have something else to count on. In addition, she would materialize Pell Grants, a program to extend federal aid for those willing to update their skills. If Obama is the target of her campaign spot as inappropriate for handling national security, John McCain is not prepared to handle the economical situation, especially due to his opposition against government intervention in the crisis created on the market of credit and housing. On the other side Obama, besides the same ideas that Clinton exposed, revealed other six included in the $30 billion stimulus package similar to that of his democratic rivalry. He picked on Clinton by making allusion to the Glass-Steagall Act signed by President Clinton that is to blame for the outdated bank regulation that don't match modern realities. Furthermore, he attacked openly McCain and added some improvements to his plan which he consider not good enough. Unfortunately, he was just listing some ideas without developing them and only with the mention that Fed should be more involved. And that was all Neera Tanden, Clinton's policy director needed to say he was just repeating the ideas of the New York's mayor without any fundament and McCain said that it is to talk from outside, but they should wait to face the real problems. There is a Romanian saying, the country is burning and the old lady is brushing her hair. It suits the situation of US nominees who are more preoccupied about the election itself than the fact that indeed the economy is on the verge of regression.

related story: http://news.yahoo.com/s/ap/20080327/ap_on_el_pr/democrats_economy;_ylt=AnX9DArx1Erb6gfs2Qe.HAKs0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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Edited by: Katarina Bosanska