Clinton, Obama on the economy

April 15, 2008 7:16:43 AM PDT
All this week we will be taking a closer look at where Hillary Clinton and Barack Obama stand on crucial issues. Eighty-thousand jobs were lost in March. Americans are hurting from high prices on everything from food to gas. The chairman of the fed has used the r-word: recession. How would the democratic candidates turn the economy around?

Hillary Clinton and Barack Obama both talk about tax cuts for the middle class, closing tax loopholes for the wealthy and big business, and rolling back the Bush tax cuts on people making more than 250-thousand dollars.

Both have plans for education and job retraining. Both want to invest in green technology like solar power and in rebuilding infrastructure, which they say will generate jobs.

The difference comes down to the catch words for their campaigns: change vs. experience.

Obama says he doesn't take PAC money while Clinton does, which he charges makes her too indebted to the Washington culture to change it.

"Senator Clinton and I differ on this. She doesn't think that's the root of the problem. I do. We may have similar policies and proposals, but I think we have to change Washington. Otherwise, nothing is going to change," Obama said.

Clinton charges back that Obama took PAC money for most of his political career until he ran for president and has among his individual donors people who work for the industries he wants to reform.

She claims she's better on experience, namely being a witness to her husband's administration, which she says turned around a deficit.

"I've heard my opponent criticize the 1990's. I think the prosperity we were able to achieve sets a good framework for what is needed," said Clinton.

You can read more about each candidate's plans by clicking on the links listed below:

Barack Obama's economic plan

Hillary Clinton's economic plan