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I question your assesment that Obama is strong on National Security but that is another matter.
John McCain voted against George Bush's tax cuts. The housing market has nothing to do with the Presidential Administration but Bush has approved legislation to bail-out morons who signed mortgages they couldn't afford. That's about all the Government can do on this issue.
In summary, yes John McCain does know his economics. And yes, the United States economy will rebound just like it always does.
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