Tuesday, July 29, 2008

Obama, Bernanke and 16%

As Why You Care noted for you last week, three times as many people say the economy should be the government's first priority over terrorism. That's why both Sen. Barack Obama and Sen. John McCain are out and about talking everything from jobs to oil. We noted that you'll see more of this. The Wall Street Journal reports that Sen. Obama is meeting with Federal Reserve Board Chairman Ben Bernanke today.

Here's why you care: First come the meetings, then come the policy statements. Get ready for lots of coverage of Sen. Obama's - and Sen. McCain's - economic game plans. That's good, we just want clear details so we can have something to analyze. And remember, this is all within the context of a report showing that home prices drop almost 16% from this point last year. (Even more interesting is the market to market analysis - that's why you care about this report).