What will Clinton/Obama do?

I have a couple of practical real-world problems that I'd like Clinton and Obama supporters to address. It might help me figure out who to vote for. The guy best equipped to handle it just left the race. So....is it experience or is it hope? Let me know.

These problems are more fully explained if you read the whole thing at each link.

Problem #1:

Standard & Poor's Ratings Services is considering slashing its rating on more than $500 billion of investments tied to bad mortgage loans, the ratings agency said Wednesday.

The massive downgrade would threaten a broad swath of the world's finance industry, S&P said, ranging from Wall Street's trading desks to regional banks to local credit unions

AP

Problem #2:

Bank Reserves Go Negative
I have been watching a chart of Borrowed Bank Reserves for several weeks. The action is unprecedented.

snip



Banks in aggregate have now burnt through all of their capital and are forced to borrow reserves from the Fed in order to keep lending.

See terrifying chart and the full article here.

As you know there have been a number of articles about people walking away from their houses when they get upside down. 60-Minutes covered it Sunday. So what are Obama or Clinton going to do about it?

Problem #3:

Implicit in this segment is that families are not entitled to make "business decisions." But you know who is entitled? Why, businesses of course. When businesses laid off 1.5 million workers in 2007, it was purely a "business decision." When Wall Street banks "wrote down" more than $100 billion in losses in 2007, it was purely a "business decision."

Look for families to become more comfortable making "business decisions" of their own in 2008.
Banks vs. Consumers

If banks can make "business decisions" to ignore risks, to lend money with no down payment, and fire people at at the first sign of trouble without any remorse, why shouldn't consumers be able to do the same?

The Walk Away Business

These are huge problems facing our next president because George Bush will dump it on his or her shoulders. He surely can't do anything about it. It's the Republicans' fault so they won't get elected.

These are real, ugly problems but they're not hypothetical so what will your candidate of choiice do about them.

I realize this doesn't fit in with the discourse on this site but I'm really interested. And my pockektbook wants to know.