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 Obama’s New DealPosted on Oct 13, 2008
Barack Obama unveiled his $60-billion economic rescue plan on Monday and urged Washington not to wait for a new president to take up his proposals. The Obama plan includes tax breaks for companies that hire new workers, a short moratorium on foreclosures and, with an eye on job creation, federal financing for public works and infrastructure projects.
Obama’s Rescue Plan:
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Why Obama Can Keep Gates
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Jump to Comments
By troublesum, October 14 at 1:52 pm #
Well it is something anyway. But why so late.
Report thisBy troublesum, October 14 at 10:48 am #
Wall street gets $700 billion and a clean slate, and homeowners at risk of foreclosure get a 90 day grace period, undertand?
Report thisBy Gmonst, October 14 at 9:42 am #
I think it seems like a pretty smart plan. I don’t think it will make everything better, but it does seem like a much needed step in the right direction. I appreciate it when politicians can put up plans like this that seem to really be addressing the problems at hand. My only complaint is that in this economic turmoil, no one seems to be talking about the poor. Its all about the middle class, and the bulk of this plan does very little to help the poor, who don’t have retirement accounts or own homes. The poor seem to be out of the discussion these days, and I think that’s a real shame. I believe that what we can do to help those with the least in our society will benefit us all. Don’t get me wrong, this is a good plan and the creation of jobs can definitely help the lowest income brackets. I just wish we would hear some concern for the working poor and even more about the never mentioned homeless. I don’t think we have ever addressed homelessness with clever plans or ideas. There seems to be a attitude of callousness toward that problem, and its somewhat distressing to me to see so much concern about the economic welfare of America without even a mention of this forgotten group. That being said, Obama looks to me to be on the right track and I look forward to having some intelligence in the White House.
Report thisBy Purple Girl, October 14 at 6:33 am #
After 4 decades of Corp Whoring by Politicians the Citizens of this Free market Democracy have something to Cheer!
Report thisNow it’s time to make examples of those who have Betrayed US! first on the Block, DICK! then Rummy, Then wolfie, Then McCain! Poor George is too Stupid to be amongst the First group, We’ll Catches His on a Recycled paper plate in Round 2!
How is it you can destroy ‘For the People and By the People’ and not be convicted of Treason?
Keep Shouting ‘Traitor’ and ‘Terrorist’ McCainites and Neo Cons....We’re waiting to Speak them as Jury foremans while passing sentence on your candidate for High Crimes
By mackTN, October 14 at 5:49 am #
(Unregistered commenter)
Obama, I may be voting for you, but this proposal deeply underwhelms me. For someone who rails against “trickle down” theories, I’m surprised to see it affirmed here. Labeling it as a rescue for the middle class is misleading--it’s more of the same stuff happening now, bailing out businesses and banks and convincing the people that by doing so jobs are created and saved. BS
There is an incredible avoidance of the real problem here. Moreso than banks and businesses, people are in debt and in a credit seizeup themselves. An unregulated credit market allows companies to charge usurious rates on unsecured consumer debt--20 to 30% monthly! Try to make some arrangement with them, they unleash their attack dogs and threaten you to death. Then try to declare bankruptcy? No bailout there either; seems like that’s reserved only for the Lehman brothers.
I suggest, Obama, you return to the drawing board and lock out all those credit card lobbyists who hover nonstop these days. How about some power for the people?
Report thisBy RightWing, October 14 at 5:26 am #
This is the same one Hillary wanted and Obama said it wouldnt work… Nothing original
Report thisBy Big B, October 14 at 4:58 am #
A 60 billion dollar program? Is he fucking kidding?
Report thisIf this is the extent of the knowledge of the problem that Barry has, he should do us all a favor and just give this thing to McCain.
By ocjim, October 13 at 8:05 pm #
Wonderful. Exactly what is needed but the inane Bush regime would never consider doing what is needed and/or what is right. So we wait for Obama next year.
Report thisBy Dr. Knowitall, PhD, PhD, October 13 at 4:41 pm #
“Federal financing for public works and infrastructure projects” = Pork and Earmarks with lipstick.
But, I’m all for it.
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