(Community Matters) I’m proud how Barack has handled his involvement in the economy as a US senator and as the Democratic nominee for president. While in constant contact with Treasury Secretary Paulson and Fed chairman Bernanke, he’s responded responsibly to the economic situation this week, not wanting to second guess the Fed, knowing he doesn’t have all the information. Instead of second guessing the AIG loan, Senator Obama has focused on ensuring protections for taxpayers’ interest.
In contrast, Senator McCain said that under no circumstances should taxpayer money be lent to AIG. He says this without sufficient information on the implications to our financial system, jobs and wealth of American taxpayers. It’s another example of his shooting from the hip without information. We all heard him say yesterday morning that the fundamentals of this economy are strong. [and yeah, today he reversed himself on AIG. The point being, he doesn’t even think or gather facts before he speaks. hmm, 4 more years]
Barack’s economic plan and response to the current crisis is informed by real information, an understanding of macro and micro economics and advice from his highly esteemed team of economic advisers: Robert Rubin, Larry Summers, William Donaldson, Jason Furman and Austan Goolsbee.
Community Matters 