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Your Salary in 2016 -- The Big Difference Between a McCain or Obama Admin

Started by NicholeW., October 21, 2008, 08:37:10 AM

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NicholeW.

October 21, 2008, 08:37:10 AM
Your Salary in 2016 -- The Big Difference Between a McCain or Obama Administration
By Kevin Drum, Washington Monthly. Posted October 21, 2008.

Middle-class families will earn about $13,000 more in eight years if Obama wins and $5,000 if McCain wins.

http://www.alternet.org/election08/103507/

"We measure progress," he (Obama)  told the partisan crowd, "in the twenty-three million new jobs that were created when Bill Clinton was president -- when the average American family saw its income go up $7,500, instead of go down $2,000, like it has under George Bush."

As rhetoric, it was effective. But was it a fair point, or a cheap shot? It's true that the Bush expansion was one of the weakest economic recoveries in postwar history, but can you really lay the blame for that at the feet of the president? Isn't it the case that, ritual campaign promises to the contrary, presidents actually have very little influence on the economy?


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