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Economic News, Data and Analysis

Wall Street hurting more than Main Street?

Without comment:
McCain’s chief economic advisor: “the Main Street guys are hanging in there. The Wall Street guys are in a world of hurt.”

Candidates starkly divided on economy – Jeanne Cummings and Eamon Javers – Politico.com

In the Obama camp, the worry is that middle-class families, who were already falling behind when the economy was growing, will slip farther behind in the months ahead.
“If families lost ground in an economic expansion, what will happen to them in an economic recession?” Furman asked rhetorically.
In McCain’s world, Holtz-Eakin said it seems “the Main Street guys are hanging in there. The Wall Street guys are in a world of hurt.”
“The concern is how to keep the travails in the financial sector from spilling over and hurting Main Street,” he concluded.

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