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Economic Crisis and Rivals are in Debate

Tuesday, October 14, 2008

Not only America but also all the world are in economic crisis. You can see all the data which shows the unemployment and further will rise unemployment. These data are the indication of economic crisis of the world. In spite of job, there are crisis in all the sector which create unemployment.

What is the reality of world economic no one knows because big gigantic banks are announcing to their bankruptcy. Recently, ICICI share is unexpected down. No friends, it is the crisis of capitalist systems economy.

Among these crisis two rivals in the US election are in debate of economic crisis. About the crisis news.bbc.co.uk writes,

“...Meanwhile, the two rivals have disagreed on delaying a TV debate over the economic turmoil.

Mr McCain said he was suspending his campaign to return to Washington to help agree a deal, saying he feared the rescue package would not pass "as it currently stands".

He also called for his first presidential debate with Mr Obama on Friday to be suspended - something Mr Obama did not support.

Americans needed to "hear from the person who in approximately 40 days will be responsible for dealing with this mess", Mr Obama told journalists.

Mr McCain stressed his desire to help Congress agree a viable deal in a speech on Thursday to the Clinton Global Initiative, a conference headed by former President Bill Clinton, a Democrat.

Mr McCain insisted on clear oversight of any plan, and said no Wall Street executives should profit from the injection of public cash.

But he made no mention of Friday's planned presidential debate, instead praising Mr Obama's decision to join him in Washington to broker a deal...”


I don't think all the crisis debate will only for the election not to solve the crisis of economy. It is not only in the US but also the crisis is in the world.

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