Parties Differ on Whom Economic Aid Should Help

[groovedaddy]

WASHINGTON — When an election campaign coincides with both a crisis on Wall Street and soaring home foreclosures across the country, the traditional ideological battles over “more government” or “less government” become blurred.

Senator Barack Obama and Senator Hillary Rodham Clinton, the Democratic candidates for president, claim to have proposed a more activist role for government than either President Bush or the likely Republican presidential nominee, Senator John McCain, and the Democratic rhetoric makes the contrast appear even sharper.

But while their philosophies might seem starkly different, in reality both parties have come to the conclusion that major government involvement is needed to rescue the financial and housing markets.

The ideological clashes are less about whether the government should intervene in the economy, and more about whom it should try to rescue.

http://www.nytimes.com/2008/03/28/business/28regulate.html?_r=1&th&emc=th&oref=slogin