A blog written by Manchester College students studying the 2008 presidential campaign.

Sunday, October 5, 2008

Obama's Take on Job Loss

September's report of job loss is the ninth straight month of losses.  Just for the month of September 159,000 jobs were eliminated, leaving many families unable to pay their bills (including mortgages).  This the country's economic crisis, the presidential candidates not only have to focus on backing the banks, but also creating jobs giving tax breaks.  Senator Obama released a statement this past week stating:

      "...this country can't afford Senator McCain's plan to give America four more years of the same policies that have devastated our middle-class and our economy for the last eight. Instead of Senator McCain's plan to give tax breaks to CEO's and companies that shi jobs overseas, I will rebuild the middle-class and create millions of new jobs by investing in infrastructure and renewable energy that will reduce our dependence on oil from the Middle East..."

So this leads to my question.  Which policy is better for our hurting economy?  Do we trust Obama's rebuilding of the infrastructure and tax cuts to the middle-class to ease the pain of our job cuts?  Or, is McCain's tax cuts to corporations to decrease outsourcing and keep jobs in United States?  The choice is ours, to rebuild from the bottom up or do we benefit the top and hope to feel the trickle down effects later.

No comments: