Knowledge@Wharton: US Presidential elections Obama and McCain: Different -- and Evolving -- Visions for the U.S. Economy
US Presidential elections 2008 - Obama and McCain: Different -- and Evolving -- Visions for the U.S. Economy
For the most part, the positions of the presumptive nominees, Republican McCain and Democrat Obama, fall along traditional party lines: Obama leans more toward government involvement in the economy, while McCain's proposals rely on private sector solutions. Both plans, however, would certainly add to already troubling deficits, according to Wharton faculty and economic policy analysts who point to worrisome elements of both candidates' plans.
In the Indian business magazine Business Today, V.K. Kaul, professor of business economics at Delhi University, said that rating the most favorable candidate from India's perspective is a futile exercise. "Any U.S. president will look to promote only that country's interests. Who comes to power is, therefore, immaterial."
A fragmented form of integration is emerging in the region, in which Central America and the Caribbean are strengthening their ties with the U.S. whereas South America -- except for Colombia -- is coming together and strengthening its relationships with Europe more than with the U.S. In this context, "Colombia will continue to be a strategic ally of the U.S., even under a Democratic-controlled government and Congress."
Labels: John McCain, Obama, US elections
