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Issues '08: The Economy
People walk to work on Wall St. (AP)

People walk to work on Wall Street last week. (AP)

Whatever the candidates planned to run on to win the presidency, there’s One Big Issue that has galloped past the Iraq war, terrorism and everything else. You know it, we know it, they know it: It’s the economy.

It’s how do we get out of this mess, and then, what will the new rules of the road be? That’s our issue.

Barack Obama and John McCain come at America’s suddenly-raging economic challenge with different instincts, different records, different plans, and different parties behind them. What would they do as president?

This hour, On Point: We’re talking with the top economic advisors to candidates McCain and Obama on how they would put the United States back on the path to prosperity.

You can join the conversation. What’s your question, your advice, for the men who have the ear of Obama and McCain on the economy? Who do you trust to change the course that brought us to crisis? Do you want to change?

Guests:

Greg Ip, U.S. economics editor for The Economist. He led the magazine’s recent survey of 142 economists for their views of the two candidates’ economic policies.

Douglas Holtz-Eakin, senior policy adviser to John McCain. He served as chief economist on George W. Bush’s Council of Economic Advisers in 2001-2002 and as director of the Congressional Budget Office from 2003-2005. Most recently, he was a senior fellow at the Peterson Institute for International Economics.

Austan Goolsbee, senior economic adviser to Barack Obama. He is an economist at The University of Chicago and the Progressive Policy Institute, a research associate at the National Bureau of Economic Research, and former editor of the Journal of Law and Economics.

UPDATE:

Marc Ambinder at The Atlantic points to the exchange during this show between Holtz-Eakin and Goolsbee over the Treasury Secretary Paulson’s proposal to recapitalize banks, which Holtz-Eakin called “disturbing” and “not the way things should be done in the United States.” We’ve posted a transcript of the exchange here.

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Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

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Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

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Jul 3, 2015
Harmonica master Howard Levy, in a photo dated February 2012. (Courtesy the Artist)

Harmonica virtuoso Howard Levy tears it up with us. From Bach to the blues.

 
Jul 3, 2015
Demonstrators shout slogans during a rally organized by supporters of the YES vote for the upcoming referendum in front of the Greek Parliament in Athens, Tuesday, June 30, 2015 Greece's European creditors were assessing a last-minute proposal Athens made for a new two-year rescue deal, submitted just hours before the country's international bailout program expires and it loses access to billions of euros in funds. (AP)

Overtime pay. Diplomatic ties with Cuba. Greece defaults. Iran deadline missed. Chris Christie jumps in. Our weekly news roundtable goes behind the headlines.

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