By Daniel Politi
The LAT and NYT front, while everyone else goes inside with, the proposals put forward by the presidential contenders to deal with problems in the economy. Sen. Barack Obama emphasized there should be more federal regulation of the financial markets, while Sen. Hillary Clinton proposed a plan to retrain laid-off workers. Obama put forward a $30 billion economic-stimulus package, and Clinton’s aides took the opportunity to highlight that she had proposed to spend $30 billion to help prevent foreclosures (the country needs “leadership, not followership,” they said). Both the Democratic contenders sharply criticized Sen. John McCain, who said the federal role should be limited because “it is not the duty of government to bail out and reward those who act irresponsibly, whether they are big banks or small borrowers.”
The NYT highlights that, despite the rhetoric, both parties have agreed that the government should be involved, but “the ideological clashes are … more about whom it should try to rescue.” In the end though, their results could be similar, since it’s probably impossible to separate the individuals from the markets, because each would suffer if the other is doing badly.
The NYT‘s Paul Krugman analyzes their proposals and says that, just as with health care, each candidate’s policy tells “a tale that is seriously at odds with the way they’re often portrayed.” McCain, who is often referred to as an independent maverick, “offers neither straight talk nor originality” as he offers traditional right-wing views. Obama is seen as “a transformational figure,” but his proposals “tend to be cautious and relatively orthodox.” For her part, Clinton, who “we’re assured by sources right and left, tortures puppies and eats babies,” offers proposals that “continue to be surprisingly bold and progressive.”
The Post takes a look at Obama’s huge success in raising funds through the Internet and says that in the past two months the senator has “rewritten the rules of raising campaign cash.” The key to his “elaborate marketing effort,” which involves spending heavily on Internet ads, seems to be that his campaign doesn’t ask for money at every possible turn and instead has pursued a “strategy of slow-walking its way into supporters’ wallets.”