Saturday, February 9, 2008

Obama Knows Some Economics

This is old news, but back at a debate in January, Obama demonstrated a sophisticated understanding of a complex economic policy issue, noting that both a carbon tax and a cap-and-trade system of emissions control would have a cost to consumers. (Here's a pretty good article which explains the two proposals.)

In contrast, consider John McCain: "The issue of economics is not something I've understood as well as I should."

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