Just Asking

Official market correction or not, the economy continues to be my number one pick for the sleeper issue of the 2008 presidential campaign.

Here are questions the presidential candidates should be ready to answer:

-- If there's a recession, would you cut taxes? Raise taxes?

-- Should the federal government bail out Countryside if it goes belly up?

-- Should the Fed cut interest rates?

-- What should the president do right now to stabilize the markets and prevent bleed-over into the general economy?

Comments

There is a bank named Countryside, but if you're talking about the big mortgage lender, I think you mean Countrywide.

Posted by mdl | August 16, 2007 4:34 PM

Rove's problem is he was not a general and his expertise did not apply to the Middle East. Nor Texas today.
The GOP shoved the immigration problem under the rug for 8 years in Texas and tried to do the same for 8 years in Washington

Posted by Tom Coyne | August 16, 2007 4:42 PM

I don't think any candidate should be directing the Fed what to do. That is not how the system is set up. The Fed is fiercely independent.

The obvious answer is lower interest rates - since that is most apparent to the average voter. It is harder ot make the case for the need to keep interest rates high to curb inflation.

Posted by chris | August 16, 2007 5:01 PM