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 NEW YORK (AP) - Democrat Barack Obama said Thursday tougher government regulations that reflect the realities of modern finance are needed to get a grip on the economy before it gets even worse. Rival Hillary Rodham Clinton said Republican nominee-in-waiting John McCain isn't prepared to handle a call about an economic emergency.
"The phone is ringing, and he would just let it ring and ring," Clinton said, echoing the "3 a.m. phone call" TV ad she used earlier to suggest she was more qualified than Obama to handle a national security crisis. This time, she chastised the Arizona senator for opposing government intervention in the nation's credit and mortgage crisis.
The two Democratic contenders offered competing plans to tackle U.S. economic challenges: Clinton proposed a $2.5 billion job retraining program and Obama urged greater oversight of U.S. financial markets.
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