The Candidates’ Battling Economic Plans

October 15th, 2008

It's going to the battle of the bailouts in tonight's presidential debate. With the withering economy and mortgage meltdown front and center on everyone's mind, the two candidates are competing to see who can offer voters the biggest carrot.

Obama started the ball rolling on Monday by calling for a 90 moratorium on home foreclosures. He also wants to eliminate taxes on unemployment benefits and create tax incentives for small businesses to hire people.

Not to be out done, McCain called for a $52 billion economic stimulus package on Tuesday that would elminate taxes on unemployment benefits, as well as cut capital gains taxes in half, slash taxes on withdrawals from retirement plans and guarantee 100% of Americans' bank savings accounts for six months.