McCain, Obama Offer Dueling Ideas To Save Economy - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

McCain, Obama Offer Dueling Ideas To Save Economy

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WASHINGTON (AP) - John McCain and Barack Obama continue to offer
ideas to bolster the economy as plunging stock prices feed voter
anxieties.
McCain today focused on elderly investors who may be forced to
take a big hit when they have to liquidate their retirement
accounts. Speaking in Wisconsin, the Republican says the
requirement that investors start selling stocks in those accounts
when they reach 70 and a half should be suspended.
It's McCain's second proposal addressing economic matters this
week. At Tuesday night's debate, he called for the government to
buy bad mortgages and renegotiate them so stressed homeowners can
avoid foreclosure.
Meanwhile, Obama says he's in favor of extending a tax break
that allows small businesses to write off the cost of many new
investments immediately. He says that would help both protect and
create jobs. Aides say Obama also wants to extend the Small
Business Administration's disaster loan program to help business
cope with the credit freeze.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)

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