With the economy and financial system in turmoil, education has been a bit player in the election. Andrew Coulson has a new must-read overview of Obama and education at NRO (with a sequel to come).

But I thought I’d throw up my very short and simplified version of where I see both of the candidates on education…

The differences between Barrack Obama and John McCain on k-12 education policy center on school choice and funding. McCain is more supportive of school choice and local control than Obama, and Obama supports a much larger increase in federal education spending.

While both candidates speak favorably about school choice, only John McCain supports policies like vouchers and education tax credits that would allow parents to choose any school that works for their child, public or private. Barrack Obama wants to increase funding for charter schools, but speaks often of “accountability” for them. “Accountability” is often a code word used by political actors who wish to restrict the relative freedom of action and independence that make charter schools attractive to many parents.

Obama supports a large, $18 billion increase in federal education spending, with $10 billion of that increase devoted to an expanded federal effort in early education and preschool. Preschool, however, has been shown to be expensive and ineffective at increasing long-term achievement. And the federal government’s effort at other levels hasn’t worked either.

McCain proposes to hold spending at the same levels and focus on expanding virtual education, tutoring and school choice, and encouraging local reforms.