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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (151113)	9/26/2008 11:22:28 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

Here is a summary of the debate regarding the financial crisis: McCain will vote for the bill. Obama wants to see the details before committing, but I believe he will vote for it too. Neither discussed why they thought government action was needed, or described what a credit crisis / credit crunch is. McCain kept calling it a fiscal problem (incorrectly, although it could lead to a fiscal problem). McCain would respond to the crisis by freezing spending (once again misunderstanding the problem). Obama said he would have to analyze the fiscal impact and might have to delay his agenda. Obama correctly identified the impact of the economic slowdown on tax revenue as a fiscal challenge. Jim Lehrer didn't help on the financial crisis - instead of asking about the crisis, he asked how it would impact their presidency. Overall, I'd like those two hours of my life back. It wasn't quite dumb and dumber, but neither came across as a policy wonk.