Innovation Update

Obama Unveils Three-Pronged Economic Plan

Stock quotes in this article: BSC , MS  

Obama's plan proves similar to Clinton's in many regards, though Clinton has called for immediate interest-rate freezes and a presidential panel to find an immediate solution to the foreclosure crisis. The Clinton campaign quickly responded with a quote from Neera Tanden, her policy analyst:

"Presidents have to do more than announce principles. They have to solve problems. At a time of crisis in our financial markets, Senator Obama announced a series of broad, vague principles, while offering no new concrete solutions to provide Americans with greater confidence in the market or keep them in their homes."
The Obama campaign has yet to respond to Clinton's comment. But I'm certain it will be quick to point out Clinton's closeness to lobbyists, and that the repeal of the Glass-Steagall Act happened during her husband's tenure in the White House.
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