Barack Obama puts out four point plan.
After quite a wait Obama now gets down to specifics and what specifics they were.
At the moment I am still digesting them – but it looks like it is a plan that McCain is not only going to have to call but raise beyond his ability – or his advisers.
“I’m proposing a number of steps that we should take immediately to stabilize our financial system, provide relief to families and communities, and help struggling homeowners,” Obama said at a campaign event in Toledo, Ohio. “It’s a plan that begins with one word that’s on everyone’s mind, and it’s easy to spell: J-O-B-S.”
Rather than ANOTHER $300Bn on top of the $700Bn that has been had – Obama wants to work within the initial $700Bn to get it to work for both the middle and working-class of America.
Why John McCain has gone in for a wholesale socialism is beyond me – he wants to buy up all those mortgages and it will cost the tax payer billions, with no return!
The Democratic candidate called for new legislation that would give families the option of withdrawing as much as 15 percent of their retirement savings — up to a maximum of $10,000 — without facing a tax penalty this year or next. He also called for a temporary lifting of taxes on unemployment insurance benefits.
The Illinois senator also proposed a 90-day foreclosure moratorium for homeowners acting in good faith, and a new effort to address the growing credit crisis at the state and local level.
Stupendous! That will give breathing space to those who need it most. Yes it will cost a certain amount of money – but that money has been allocated already, so it will mean NO MORE tax payers money.
“It is clear that the economy is hurting, that Americans need across-the-board tax relief, and yet Barack Obama has proven unwilling to break with the left-wing of his party and stand up for the American taxpayer,” spokesman Tucker Bounds said.
Oh, Tucker, Tucker! You know that this is a fabrication, John McCain, your boss, is asking for an extra $300Bn – Obama isn’t, Obama is cutting taxes for those who need it and not for those who don’t. Letting the tax exemption laps my seem like a tax hike – but it isn’t, and you know it!
During the primaries, Obama criticized Sen. Hillary Clinton’s plan, which, unlike his, included a freeze on interest rates.
Good that Obama is listening to those who are probably advising him – isn’t that what leaders do?
“Let me give you the state of the race today and some straight talk. We have 22 days to go. We’re 6 points down. The national media has written us off,” McCain said to a sea of boos.
CNN’s most recent poll of polls shows Obama leading McCain by 8 percentage points, 50 to 42 percent.
“Sen. Obama is measuring the drapes, and planning with Speaker [Nancy] Pelosi and Sen. [Harry] Reid to raise taxes, increase spending, take away your right to vote by secret ballot in labor elections, and concede defeat in Iraq. … But they forgot to let you decide. My friends, we’ve got them just where we want them,” he said.
Obama’s campaign dismissed the Arizona senator’s remarks as a “political speech about where he is in the polls.”
“Less than 12 hours after his campaign announced that Sen. McCain would finally have some new ideas on the economy, he decided that it was more important to give a new political speech about where he is in the polls,” said Obama-Biden communications director Dan Pfeiffer.
Even Bush is in negotiations about a withdrawal from Iraq – how is that defeat? Bush is advocating defeat? John McCain would tell the Iraqis that he is staying – no matter what – MORE tax payers money to pay for his war.
McCain said that today he would come out and do something different to restart, again, his campaign. But all he did was go back to what he was saying several months ago. Amazingly new, don’t ya think?
Let’s see what McCain comes up with tomorrow – it will probably be a plagiarised Obama plan – so far that’s all he has done.