Friday, February 15, 2008

Clinton, Obama Offer Similar Economic Visions

Hillary Rodham Clinton slammed Barack Obama during an appearance at a General Motors plant here on Thursday for what she charged was a lack of a record of achievement on the economy.

Clinton and Obama both promised that they would make the tax code more middle-income-friendly and would protect consumers from threats -- including predatory credit card companies and rapacious college lenders. Both candidates condemned corporate tax breaks that they say send jobs overseas. Both pledged to protect homeowners and said they would repeal President Bush's upper-income tax cuts while extending those for the middle class. Both promised to rein in credit card companies that arbitrarily raise interest rates, sending families into a downward spiral of debt.

"I've been looking for ways to differentiate these two, and it hasn't been easy," said Jared Bernstein, an economist at the liberal Economic Policy Institute. This week's economic speeches do not "make it a whole lot easier,"
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