Still Dancing Around the Credit Crunch On the Campaign Trail
Jul 31, 2020806 Shares201.4K Views
As Ari Melberand Matt DeLonghave reported on our site, both presidential candidates are keeping up their war of words over Wall Street’s financial crisis and the state of the nation’s economy. You might think that things have changed a lot since last week, when I pointed out that both candidates had been ignoring the credit crunch in their campaigns, preferring not to address directly an issue so complex and with so much potential for downside. After Black Monday, it would seem the crisis should be front and center on the trail.
And it is - sort of. Both candidates are talking, in general ways, about change and reform. But they’re not going a whole lot deeper, notes L.A. Land’s Peter Viles, who blogs on real estate for the L.A. Times.
From Viles:
Let’s see if either side comes up with something substantive in the next few days.
It’s not likely, given the fear that saying anything could make the markets even more jittery. But also unlikely because there’s just no simple solution to this crisis.
It would be a bold move on the part of either candidate to take the lead on this.
Voters don’t need more bickering over failed policies or promises for reforms. They deserve to know, in detail, how each candidate might handle the biggest financial crisis facing the country since the 1920s, and the unprecedented level of government intervention in the private markets that is taking place because of it.
Hajra Shannon
Reviewer
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