Obama's Tax Policy Causes More Corporate Responsibility

Nicole Tichon of the United States Public Research Interest Group, talks about how Obama's tax plan will bring an end to the era where "high-priced accounts are valued over hard work and responsibility." Additionally, she stresses how tax loopholes, like hiding money in off-shore accounts, has caused the middle-class to pay a disproportionate amount of taxes. (0:32)
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McCain simply “out of touch” with Americans

The Democratic National Committee held a conference call and discussed Sen. John McCain’s (R-Ariz.) “disastrous” week on the campaign trail. McCain was supposed to strengthen his stance on his economic policy this week, but instead showed how “out of touch” he is with the challenges that America’s families are facing. Sen. Debbie Stabenow (D-Mich.) said that she was insulted on behalf of the people she represents by McCain’s words and actions. She explained that McCain doesn’t understand what Americans go through everyday just to make ends meet and how his support for more years of a Bush economy would be disastrous for American families.

Stabenow explained that McCain actually called social security a “disgrace’ when he has “a total lack of understanding” of what it really is. She also said that McCain’s approach on tax policy would make it impossible to balance the nation’s budget, something that needs to be done. McCain also failed to vote for the current medicare bill; he was the only senator to miss the vote which “is critical to the future of medicare.”

Stabenow said that people in Michigan are suffering and are not experiencing “a mental recession.” Since President Bush took office, three and a half million manufacturing jobs have been lost in Michigan alone, and the state is currently experiencing an unemployment rate of eight and a half percent. Stabenow explained that McCain fully supported Bush’s policies and that the people of Michigan “cannot take four more years of this.”

McCain’s economic advisor Phil Gramm said that Americans are “a nation of whiners,” yet Stabenow said that the people of Michigan are not hallucinating when they aren’t getting a paycheck, when they can’t pay their mortgage, and when they can’t put food on the table. Stabenow said that people are struggling as every single cost has gone up while wages have gone down. She claimed that McCain is simply not in touch with what is going on in the real world. Stabenow also declared her support for Sen. Barack Obama (D-Ill.) and said that she is absolutely confident that he will make the changes that will help the country grow, and gets what the American population is going through.
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McCain campaign: Obama "is out of touch"

In a conference call, republican presidential candidate Sen. John McCain's supporters criticize Barack Obama's recent comments on gas prices and tax policy. (10:27)
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