Tuesday, March 11, 2008

Who does Obama, Hillary and McCain listens to?

http://biz.yahoo.com/cnnm/080305/030408_economic_advisers.html

McCain - Douglas Holtz-Eakin

"In his view, the sooner the long-term shortfalls in Medicare and Social Security are addressed, the better for the economy. Shoring up both programs would involve tough choices when it comes to spending cuts, Holtz-Eakin has said, a route he believes would be more effective than tax increases. "


Obama - Austan Goolsbee

"
In one of his New York Times columns, Goolsbee points to data showing income for the top 1% of earners rose disproportionately relative to everyone else both when tax rates fell and when they rose.
"Seeing the same pattern ... indicates that tax cuts weren't responsible. It suggests that cuts for high-income taxpayers likely gave windfalls to those whose incomes were already rising sharply because of broader market forces," he wrote.
"

Clinton - Gene Sperling

"With hundreds of millions of new middle-class consumers coming into the world economy, we should be confident that in the long run America will win more than it loses from an open global economy," he writes. "What practical options do we have between simply assuming greater globalization will lift all boats, and resorting to self-defeating protectionism?"

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