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The bursting of the proverbial real estate bubble coupled with a mortgage and credit crisis has many Americans murmuring "recession."
With 64 percent of Americans harboring unfavorable opinions about the economy, voters are anxious to hear how the presidential candidates will address economic issues, including the housing market, during the October 30 Democratic presidential primary debate in Philadelphia.
"There is some uncertainty due to the tightening of credit following the meltdown in the subprime mortgage market, as well as continuing high gas princes.
Of the candidates' specific plans, Liebman says that Clinton has some innovative proposals to change tax codes.
"It will be interesting to hear her discuss some of her creative approaches to tax reform during the debate," he says.
With recent food and product safety issues making headlines, Liebman speculates that globalization and free trade will soon become hot button issues during the race to the White House.
Dr. Liebman is an assistant professor of economics at Saint Joseph's University.
CONTACTS: If you are interested in speaking with Dr. Liebman for a story, he can be reached by telephone at 610-660-1553, by email at bliebman@sju.edu, or by calling the Office of University Communications at 610-660-1222.
For further media assistance, contact Patricia Allen, Associate Director of University Communications, pallen01@sju.edu, 610-660-3240.
AScribe Newswire distributes news from nonprofit and public sector organizations.
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Posted on October 25, 2007 7:25 PM
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