Stock Market debate, who wins?

Ok.

That's about my best summary to the "town hall" second presidential debate in Belmont University in Nashville, Tennessee; a little better of an opening compared to the responses the candidates pulled on the global economic crisis. According to U.S. News and World Report, last night's debate began on the day where the Stock Market dropped 508 more points and the emotional concern with this issue in the debate failed to match the drama of the plummeting economy. Kenneth T. Walsh writes in his article on the debate, "Neither scored a decisive victory nor made a major mistake as the two quarreled over who has the best prescription to lift the nation out of its financial mess...And while each man avoided the extreme negativity that has dipped the overall campaign into the mud recently, the debate offered only a brief respite from the cycle of attack and counterattack. Immediately afterward, each side resumed the name-calling."

Both candidates agreed on the passing of the $700 billion bailout, oh excuse me, "rescue plan." Let me just say this: is it not interesting that the rhetoric has changed from "bailout" to "rescue" in order to serve as a catalyst for hope and stimulate some growth for the Stock Market and U.S. economy? John McCain explicitly said that, “The first thing I'd do is say, let's not call it a bailout, let's call it a rescue because it is a rescue. It's a rescue of Main Street America,” according to Andy Barr's quote of McCain on a CNN interview. "Rescue" is just want it sounds like, the U.S. government is not "bailing out" the economy and buying out debt as people, CEO's, and fraudulent large companies which have blatantly (excuse my advanced syntax and vocabulary) screwed us over, they are simply rescuing everyone; the government, my hero.

But in the debate (sorry for digressing like both candidates), McCain told the audience and the media that he would spend $300 billion additionally on a federal program to help "buy out bad mortgages" from consumers, according to GMA News in Washington. So the obvious question lingers, after McCain approved spending $700 billion on a "rescue" bailout plan and then offering to spend $300 billion more, totaling $1 trillion, where is he going to get this money? And whose shoulders' is this financial deficit going to fall on? Barack Obama presented flaws in McCain's proposals for the economy, but he did not offer any specific solutions either. Walsh writes that "Obama said he favored a tax cut for the middle class, higher taxes on the rich and big corporations, healthcare reform, and taking more steps toward energy independence," but nothing direct with the Stock Market. However, each program and issue is wired together with the economy.

To answer the rhetorical questions: it's quite interesting where McCain would get this money, as Walsh reports, as he is against raising taxes. No taxes = no money. And the financial crisis is going to fall on, sadly, us; the youth, the college students, the future doctors, lawyers, bankers, the high schoolers, my kids' kids. So as these 4 weeks approach towards election time, understand each candidate and their positions that will benefit the future.