In the New York Time's article "Candidates React Carefully to Bailout," the reporters explain how both candidates react cautiously to Bush's bailout plan. Barack Obama explained that he wanted to make sure that what was happening on Wall Street did not make it to Main Street. Obama says that he wants to make sure that his plan can help the American people deal with rising prices and keep their homes, as well as creating jobs in the market. However, he said that he wanted to review Bush's plan more before he proposed anything. According to the New York Times, Bush's bailout plan is only three pages long. I don't quite understand why, in such a cut-throat presidential race, Obama has not made a proposal yet.
McCain on the other hand introduced "the Mortgage and Financial Institutions (MFI) trust plan — an approach that would proactively resolve troubled financial institutions, enforce discipline on management and shareholders, and minimize the burden on the taxpayer," according to the New York Times.
I am disappointed that Obama is not being more active on this issue. I think that it looks good for McCain to have a concrete plan laid out. Obama better get his plan out fast and it better be impressive. He is making big promises, and if he wants to be successful, he is going to have to have a concrete and possible plan to help out the economy.
Being a senior, I am very nervous about the state of the economy as I get ready to enter the work force. I want to know that I will be able to afford to live, to have a job, and to make investments in a stable market.
Whoever becomes the next President of the United States of America must be an active and energetic leader that will present organized, beneficial, and realistic plans for America. If Obama wants to play that role, then he needs to act fast.