Obama, McCain Focus on Domestic EconomyBy VOA News
27 July 2008
U.S. Democratic presidential candidate Barack Obama is returning his campaign's focus to the domestic economy, after a nine-day trip abroad, while his Republican rival, John McCain, has kept his attention on energy.
Obama says he plans to meet Monday with former U.S. Federal Reserve Chairman Paul Volcker, former U.S. Treasury Secretary Robert Rubin, billionaire investor Warren Buffet and other economic heavyweights.
The Illinois senator said this will be the first in a series of meetings and proposals on the economy that he will make during the rest of the campaign.
Senator McCain criticized Obama Saturday for his opposition to increased offshore oil drilling and additional nuclear power plant construction.
McCain strategists and Republican congressional leaders say their candidate has an advantage over Obama on the issue of how to address high energy costs.
Also Saturday, Obama praised the current Federal Reserve chairman, telling the Reuters news agency that Ben Bernanke has made some good decisions in difficult circumstances.
The Federal Reserve recently offered a financial lifeline to lenders Fannie Mae and Freddie Mac. The two government-sponsored companies have lost billions of dollars due to a wave of mortgage defaults.