Right now, there is a lot of focus on the economy, and on how the economy affects personal finances. This is a Big Deal in this year’s election. The major presidential candidates, Barack Obama and John McCain, are bending over backward to convince us that each of them has the right idea when it comes to the economy — thus affecting your personal finances as well.
While taxes have been getting a lot of play (John McCain has decided that the Bush tax cuts for the wealthy — which he opposed — should be made permanent), there is another proposal that …read more

This year, perhaps more than any time since the “it’s the economy, stupid” race, personal finances are coming into focus for the presidential election. From the housing market crisis to gas prices to food inflation, the economy — and its effects on personal finances — are the bread and butter of this presidential race.
One of the questions being asked, especially by those who consider many of Barack Obama’s policies socialist, is whether or not a President Obama would be good for the economy. And by extension: Would Barack Obama be good for personal finances?
BloggingStocks offers this rationale as to why …read more

Now that Barack Obama is the presumptive Democratic nominee, he’s seriously talking about what he intends to do for the economy if he wins. One of those things is repealing tax breaks for the “wealthy.” For Obama, the wealthy is the 2% (according to BusinessWeek) of Americans that make more than $250,000 a year.
But some are saying that $250,000 doesn’t constitute wealth. Some of those who make money in the $250,000 to $300,000 range are complaining that costs are rising just as much for them (even though others would argue that they are better able to absorb the costs). Plus, …read more