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Now Focused On the Economy, Obama Is Still Fact Finding

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Created 07/29/2008 - 4:53pm

A BUZZFLASH NEWS ANALYSIS
by Christine Bowman

Most voters have at least something in common with John McCain: "We don't know nothin' 'bout ..." economics. Or more accurately, we don't know all we should.

Still, many do recognize, unlike John McCain and pal Phil Gramm, that the U.S. economy is a mess not entirely of our own making. It's a mess made of bad public policy -- primarily policy that has put waging wars and protecting big capital ahead of balancing budgets or providing a social safety net. We've had seven-plus years of bolstering the Blackwaters and hedge funds instead of supporting the foot soldiers and home owners.

Immediately upon returning from his foreign policy "fact-finding" lap, Barack Obama turned his focus to the economy. Monday he called upon a broad range of economists and financial thinkers, folks like former Fed Chairman Paul Volcker, Google chief Eric Schmidt, billionaire Warren Buffett (by telephone), former Treasury Secretaries Lawrence Summers [1]and Robert Rubin [2], former Labor Secretary Robert Reich [3], New Jersey Governor Jon Corzine [4], as welll as Anna Burger [5], secretary-treasurer of the Service Employees International Union, and AFL-CIO President John J. Sweeney. [6] He's asking for their advice and assessments.

Appearing on MSNBC [7] Tuesday morning, former Senator Bill Bradley, also in the advisory group, said what makes Obama different from others is that he is tapping "the broadest possible constituency" to gather facts on the economic picture. Bradley said Obama aims to chart a path that will enable personal incomes to rise, including a centerpiece policy of a middle-class tax cut in the vicinity of $1000.

Skeptics look at individual advisers and fear the candidate will be swayed by the "wrong" ones. Bradley seems not to share that fear. He summed up the Obama economic vision this way:

"We need economic growth, fairly shared. That's his basic world view."

Once Again, It's The Economy, Stupid [8] (Forbes)

WHAT THE REPUBLICANS ARE DOING TO THIS GREAT COUNTRY [9] (americanchronicle)

A BUZZFLASH NEWS ANALYSIS

Technorati Tags: Analysis [15] Obama [16] Economy [17] Fact Finding [18]

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http://buzzflash.com/articles/articles/analysis/339