Now that the Democrats have their presumptive presidential candidate, it is time for the wrangling to begin. I’m going to take a look at McCain v. Obama on the economy over the next few days, addressing what each promises to do in terms of:
- Social Security
- Health Care
- Housing Market
- Government Spending
Whoever ends up in office could have a very real effect on your personal finances — especially if he has a Congress that is willing to work with him. The above items represent issues that can impact your personal financial situation directly.
This is actually a pivotal election in terms of personal finances. Since at least 2000, the middle class has actually been voting against its economic interests, electing politicians that actually put into practice policies that favor the wealthy at the expense of the middle class and the poor.
So, if the threat of an economic slowdown – and maybe a recession – have you worried about your personal finances, it is time to consider the candidates on that basis.
Disclosure: While I will do my best to simply present each candidate’s economic plans, I must confess, at the outset, that I favor Obama and his economic policies.