Even as wars in Afghanistan and Iraq continue to rage, the nation’s weakened economy likely will be Barack Obama’s or John McCain’s top issue to tackle for at least their first year in office.
Within that framework, there’s no shortage of embedded matters to take on – restoring consumer confidence, reinvigorating the financial markets, thinning housing inventories, stabilizing house prices, reducing energy costs, evaluating Medicare and Social Security, creating jobs and keeping existing jobs from heading overseas.
“I don’t think it can be overstated what an important issue it is,” says Marty Wiseman, director of Mississippi State University’s John C. Stennis Institute of Government. “It permeates … at every level.”
Obama and McCain have detailed, pages-long economic plans, and how the economy fares in the next four years will be influenced not only by who’s in the White House but by which party controls Congress.