Fast Talk

October 7, 2008

Q: Which policy brought up in the presidential debate seems mostly likely to help the economy? | posted by Fast Company staff

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5 Total

October 8, 2008 at 11:09am

Rip Empson
Well, for McCain, I think it was his $300 billion mortgage buy-up plan. It was the first idea out of his mouth to begin the debate, so I assume that was the one he wanted to take precedence. McCain, if elected President, would instruct the Secretary of the Treasury to “purchase mortgages directly from homeowners and mortgage servicers" in order to alleviate some of the pressure on the American people. According to McCain, the American people can no longer "afford to pay their mortgage payments," so he recommended further government intervention. The "McCain Resurgence Plan" as it is being called, would presumably alleviate some of the uncertainty over mortgage defaults. $300 billion worth of lightening. Now, McCain -- if I'm not mistaken -- spent much of the night decrying government spending, yet his game-changing proposal was one which would lump $300 billion worth of additional spending onto the bailout bill? We've seen how much the first bailout has done to boost the stock market and the American taxpayer's psychology. But, hey, maybe this could do it...

October 8, 2008 at 11:46am

aditi sharma
lets be clear, the debate last night did absolutely nothing to convince me (personally) that either side knows how to solve our economic crisis. Instead, both candidates were blaming each other for the current situation. So in honesty, Id have to say that both sides are clueless.

October 8, 2008 at 5:07pm

Bailey King
Regulating the state of deregulation + Investment in new industry, job creation in high-tech, alternative energy and other green technologies and traditional industries like steel production and agriculture. What was not talked about was a strategy to finance and organize the new industrial complex. Supporting policies both candidates spoke to---cuts on defense spending, pork-barreling, and lobbyist payback cycles is good seed money for a new investment and regulation strategy.

October 9, 2008 at 5:57am

Gordon Steen
Obama's energy and healthcare policy's

October 9, 2008 at 8:34am

Vanessa Gray
Barack Obama was clear and has a better grip on economics and the challenges ahead. I was impressed with his Presidential style and genuine good character. In spite of all the nasty politics, he has risen above the mud slinging. He is continually showing that he is steady and sure no matter how hard the road is. He is a true leader and cares most about all people that live in America. John McCain is clearly "Party First" not "Country First"! HIs arrogance and entitlement issues are serious problems and has no place in the White House for the next few years of his latest years on this earth. I just heard his speech yesterday that addressed the crowd as "my fellow prisoners".....he is too old to be our President.