Cafferty File

Which party can better address economic problems?


Click the play button to see what Jack and our viewers had to say. Antioch, California, has experienced a spike in home foreclosures with a reported 271 homes repossessed between January and August of this year. (PHOTO CREDIT: GETTY IMAGES)

FROM CNN's Jack Cafferty:

In 1992, Bill Clinton rode into the White House on the phrase, "It's the economy, stupid." 16 years later, it's looking more and more like the economy will be uppermost in voters' minds in this presidential race.

Democrats Hillary Clinton and Barack Obama have both been responding to the economic anxiety and fear of recession – especially in states like Ohio and Wisconsin – by campaigning with populist messages.

Clinton stresses economic policies that focus on programs to help families burdened by high oil prices and health care costs, home foreclosures and student loans. She's also going after institutions like hedge funds, oil and drug companies, and trade agreements that she says mean more exported jobs.

Obama is striking a similar tone, describing how the wealthy "made out like bandits" during the Bush administration. He's calling for an end to tax breaks for companies who move jobs overseas and instead giving tax relief to the middle class.

When it comes to the Republicans, John McCain made headlines earlier this week with his pledge of "no new taxes" if he becomes president. McCain says if the economy continues in its current slump, he could see an argument for lowering interest rates and taxes and decreasing corporate tax rates.

McCain says he's open to the idea of helping homeowners who face foreclosure as long as they're "legitimate borrowers". The Arizona senator also believes "the first thing we need to do is stop the out-of-control spending", and promises to eliminate the 10,000 earmarks that Congress adds to spending bills.

Here’s my question to you: Which party is better able to address America's economic problems?

Interested to know which ones made it on air?


Susan from Lorton, Virginia writes:
Democrats can handle the economy if they nominate Hillary. If we can get the economy to be as good as it was under Bill, we should all be delighted. Hillary is best positioned to know what to do "on day one" to revive the economy.

Ed from Riverside, California writes:
Well, Jack, after watching these two parties for over 50 years, the only way I can tell them apart today is by which pocket they're taking the money out of. So, to answer your question as to which party can bail out this economy, my response is "None of the Above." We really do need a third choice.

Mark from Iowa writes:
The Democrats give the money to the poor and middle class which increases spending on consumer goods. Republicans steal from the poor and middle class and give to the rich. Over 60% of our economy is fueled by consumer spending. The Republicans don't understand this basic principle and their greed destroys the economy.

Jason from Berea, Ohio writes:
The Democrats' rhetoric is full of you know what. The Republicans have been on track for more than 25 years. Just look how good the ‘90s were just after Regan and Bush. The media's "chosen one" Senator Obama wants to be loved by all for being the next Robin Hood of robbing from the "rich" which are the upper middle class and giving it to those who hardly pay anything in taxes as the current system is set up.

Gary from Spokane, Washington writes:
Neither of these two parties can do anything to fix our economy. Within a few years, entitlements will swallow up our entire budget while candidates argue about plagiarized speeches and who's proud to be an American. Ron Paul talked about substantive issues with grown up solutions and see how far he got. It's all style over substance, but I guess I'll hang on till next hour to see how that plays out.