Sunday, June 29, 2008

McCain and Obama: What is the gravest threat to the U.S. economy?

McCain:

The absolute gravest threat is the struggle that we're in against radical Islamic extremism which can affect - if they prevail - our very existence. Having said that, I would say that at this moment it's probably our dependence on foreign oil, affecting our climate and hurting fixed-income Americans the most.


So John is saying be afraid...be very afraid. He has no answer on oil or the economy. So he uses fear of future attack to answer everything. Reminds me of Rudy.

Obama:

If we don't get a handle on our energy policy, it is possible that the kinds of trends we've seen over the last year will just continue. Demand is clearly outstripping supply. It's not a problem we can drill our way out of. It can be a drag on our economy for a very long time unless we take steps to innovate and invest in alternative fuels. The market can accomplish a lot of that, but it's very important for the federal government to have a role.


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