Monday, June 23, 2008

What some people know about the economy

Fortune magazine asked McCain and Obama, "What do you see as the gravest long-term threat to the U.S. economy?

They said:
Obama: If we don't get a handle on our energy policy, it is possible that the kinds of trends we've seen over the last year will just continue. Demand is clearly outstripping supply. It's not a problem we can drill our way out of. It can be a drag on our economy for a very long time unless we take steps to innovate and invest in the research and development that's required to find alternative fuels. I think it's very important for the federal government to have a role in that process.

McCain: Well, I would think that the absolute gravest threat is the struggle that we're in against Islamic extremism, which can affect, if they prevail, our very existence. Another successful attack on the United States of America could have devastating consequences. You've been a supporter of climate-change legislation that would essentially impose a penalty on the use of fossil fuel.
Signed,
Not Atrios