Obama seeks advice

The Obama Campaign held a conference call in which campaign staff discussed a meeting between Senator Obama and economic advisers. Dr. Laura Tyson, former chairwoman of the President’s Council or Economic Advisers under Clinton, said structural issues like health care and education were discussed alongside large economic issues like the financial markets.

Tyson said tax cuts proposed by Obama are similar to tax cuts in the mid 1990s that lowered unemployment in some places to two percent. She said others and herself in the first Clinton administration never imagined unemployment would be capable of dropping below five percent. According to Lynch, Obama’s tax cuts would give $1,000 to 95 percent of middle-income families.

Former Senator Bill Bradley (D-N.J.) said Republican candidate John McCain’s call for increased domestic drilling to lower gas prices would not be functional for at least five years, comparing the strategy to McCain’s call for a gas-tax holiday. Bradley suggested that Americans will view both strategies as an attempt to grab attention. Bradley, implying Barack Obama, said only one candidate truly understands long-term economic strategies and the need for government to set and enforce economic rules.