Barack Obama Advisers Unveil Economic Stimulus Plan
Democratic presidential hopeful Barack Obama unveiled an economic stimulus plan sunday that he said would provide tax relief for middle income families and help jump start an economy he said was showing signs of slowing.The plan, which would immediately inject $75 billion into the economy and retain $45 billion in reserve to be used over the next three months if necessary, was presented Sunday by Obama advisers Gov. Tim Kaine of Virginia, former Clinton Commerce Secretary Bill Daley, and economic adviser Austan Goolsbee.
The plan, they said, is one Obama would not only enact if elected, but one he is asking Congress and the president to pass now.
Obama’s plan would provide immediate tax relief and help offset a coming economic slowdown being signaled, he believes, by the recent .3 percent jump in unemployment rates, advisers to the campaign said Sunday.
Obama supporter Gov. Tim Kaine of Virginia said the plan addresses both long-term growth and immediate concerns, and shows Obama understands the importance of education, technology, and a thriving small business sector.
The main difference between Obama’s plan and that being offered by his chief rival for the Democratic nomination, Sen. Hillary Clinton, is that Clinton’s plan would not be able to kick in immediately.
Obama’s stimulus plan has four components to prevent recession:
1.Cut $250 checks for some 150 million low and middle income workers and send them out. If needed, send out an additional $250 per worker, totaling $500 for these workers
2.Likewise, send $250 to seniors earning under $50,000 as a Social Security supplement, and and prepared to send out a second $250 payment
3.Establish a $10 billion fund to help “responsible” families avoid foreclosure. The money would be given to homeowners who did not lie about their incomes and were “mindful of personal responsibility.”
4.Provides money to state and local governments hardest hit by housing crisis to prevent them from slashing infrastructure and other important state spending
5. Expand unemployment insurance
Asked how Obama would pay for the package, Goolsbee said the point was to get the money immediately into the economy, and that while it could increase the deficit in the immediate term, macro macro economic experts agreed it would prevent a costly recession in the long-term.
The advisers said the $45 billion reserve could be used to offset the possible effects high oil prices could have on the proposed breaks.
FOX News’ Bonney Kapp contributed to this report.
It is time to pass the torch away form Clinton-Bush divisive politics of the past 20 years. It is time to move forward !
I hope we have an independent candidate to vote for if Hillary is nominated because I will vote against the Dems for the first time. I fail to see how Clinton can stand for a new direction this country desperately needs.
I’m sory, whose plan is this?
And just who is going to pay for Santa Claus’ Christmas presents?
Talk about fiscal irresponsibility. This guy hasn’t a clue and wants to continue to expand the
size of our less the efficient government.
Gimme mine, gimme mine. Goodies for everyone.
This is a scary guy and doesn’t deserve to live in the White House.
Very concerned.
Define middle income families?
This plan is exactly why this man should not be president. He is naive and scares me when it comes to the war on terror. I am more qualified to be president and smart enough not to want to be.
How novel…How about just cutting taxes on all tax payers?
So let me get this straight….the Bush tax cuts have been chided by virtually every Democrat and liberal for the past 7 years because we couldn’t “pay for them” and have seen the deficit increase. But it is now acceptable for Mr. Obama to put out an election-year scheme with a similar outcome because he does it under the guise of helping middle and lower income families? I’d use the pot and kettle analogy, but I’m sure I’d be accused of racism, so instead I’ll simply point out the hypocrisy.
How is giving away one time / 2 time money payouts help the economy?
OK, I’m a democrat and I must have missed something. “Asked how Obama would pay for the package, Goolsbee said the point was to get the money immediately into the economy…” Is there a genetic defect in politicians that does not allow them to answer the question asked?
Only 250.00 in a year WOW….that mean that one of my bills would be paid on time….and since it will not be implemented right away this is another “hope” thing that I can look forward to…so the hope is that I may get additional 250.00 later….PLEASE tell me how is this going to help me NOW!!!! When the taxes in my home state went up in January…..
And how long would I have to wait until Congress to vote on that and then that can be turn down…..
give me a freaking break 10 billion for nonresponsible people to help pay for their houses while i drive an old car with no payment.. and these people have nice cars with payments.. If i went out and bought a h3 hummer i would need help with my house payment also.
Anyone with common sense knows that sooner or later we, the American middle class, will be hit with increased taxes. If I am not mistaken, every Democratic Presedential canidate said they will raise taxes. You cannot give out money for nothing. This is a ploy to increase taxes later on.
Buying votes takes on aq whole new look.. oh yea, sorry , Hillary already tried that with 5,000 dollar accounts and money for nothin> chics for free. A recession isn’t on the way. The jobless figures always jump in this cycle as seasonal employees are out of season and student workers return to school. Do they think we are stupid? The answer is yes.
Great another raise in taxes for those of us paying the most–typical politician–no changes–take more from the biggest taxpayers and give it to those who can’t save/won’t work–or can’t make it on their own. If you are a failure in America–you’d be dead in almost any other nation!
The gov has already taken almost all money from social security which they are suppose to pay back with interest.While obama is printing out money to send citizens he needs to send some to the social security fund and put in in a lock box. which is going to be totally bankrupt in next 14 yrs with 2 workers to one person drawing a check.
It is the kind of plan pres. Roosevelt used to bring us out of the depression.
You can disagree with it, certainly republicans will do so. Republican theory is that giving away money to the richest ones is more stimulating for the economy.
But do not call it stupid.
1.) It seems like all Obama is doing here is buying votes, like Chavez in Venezuela does. 2.) The effect of a cash infusion of an extra $250. per person will not stop or prevent the minor recession that we are already in. 3.) Obama doesn’t say how he will pay for his plan, so it will just be a drag on the economy after the election is over 4.) Most of his proposal consists of ideas that President Bush has already put forward. 5.) I heard Obama speak in Los Angeles, when he came here to support Angelides in his run against Schwarzenegger and while he may have charm, he came across as a snake that would say anything for his party or to get elected. I’m definitely in the “Anyone but Obama” camp. He doesn’t have any experience or intelligence, just a bunch of handlers that are trying to shape his image and hand craft his speeches for each specific crowd that he addresses.
I am a life-long democrat … and I am not buying this at all.
Goodbye states rights, Hello Big Government!!!
This is a bogus plan brought out of the blue just to get votes ….. Barack Obama does not have the plan to help America but to destroy it from the inside out ,just like the Radical Muslims said they would . They use one of their own ” Barack Obama ” ..This news from Jarkata ..I can not believe Americans are buying into his extorted mind . especially born america citizens… It time to put a halt his real plan . No votes No Muslim ,No terror,
This is a good plan and it shows that Mr. Obama will be a ressponsible president, connecting today’s reality with future events.
This is goblbleygook. Get real Obama Its the same old spin which is suppose to be CHANGE?
How do you think you alone can get this done if you don’t have the backing of both houses which is a rarity. Even your so called {friendly dems and repubs) will not give you what you say without sumission to their wants. I fear you are believe you rheotoric. So Sad
This is worse than I thought…
Obama has such little substance … he is record is so thin….his experience thinner….
Maybe this is a shot at buying votes for the mentioned recipients.
How are you going to give money payouts to help the economy when you won’t answer questions about your record as Senator. Its spin spin spin. Thank you very much. I can’t believe you think you are the best person to run this country. You haven’t proved to me you can with being so naive. I think you need to get a few more years of experience before you can even think of becoming President and not because Oprah says you should be.
Why can’t Obama present the plan himself like Clinton did? Yes for details, he can let the surrogates talk but atleast show some knowledge, experience and understanding of economy other than shouting “yes we can” and giving speeches.
Obama isnt fit for being a President as he showed his inexperience again.
And PulSamsara, increase your knowledge beyond your hatred for Clinton unless you are another fairy tale follower who doesnt have any experience in life.
Obama tells me change is new, I agree (not knowing every election Presidential politicians talk about change and nothing changes).
Obama tells me to hope so i start hoping.
Obama tells me to change, so I change my parents since they are past and status quo.
My friends (fellow Obama supporters) tell me to repeat Hillary hate posts 100 times a day, so I do it. It’s a change from my other work.
Obama tells me to convince my other immature youth friends to cheer for change, I do it.
Obama tells me to ignore experience, so I ignore my parents experience of knowing the world as again, they are past and status quo.
I ignore every old person who was served nationally as they are status quo. Your national service doesnt count in the new world of hatred filled starry eyed fairy tale following youths like me.
This is what America needs. The change that Obama represents not the Clinton`s again!
Sounds like another welfare scheme to me. Anyone receiving $50,000 or even $40,000 in SS should not need any $250 dollar checks. Our whole income ,retirement and SS is under $36,000 and $250 wouldn’t make a bit of difference. It’s time people took resposibility for thier own lives, and stop depending on the government. We have been married 53 years, 20 in the U>S> Airforce, raised 3 sons,( who all served in the military for 20 years) own our own home outright, don’t owe anyone. All because we were resposible citizens,buying what we could afford and doing without what we couldn’t afford. The biggest problem today is that there is a whole generation or two, who want everything NOW, and don’t care about how they pay for it.
That is a deep plan, very complicated. Barack must have had help from Goerge W. to figure that one out. How ’bout cuting taxes, cuting spending and limiting entitlements. Anyone………..Anyone…………..mmkay.
This is exactly why the Democrats do not need to be in control of anything. They dis Bush for doing the same thing and turn around and want to do it themselves.
How does this tie in with his goals as he promised in his campaign to raise taxes?
Anyone that would consider voting for any of the Democratic fools needs there head examined.
How sad, This guy gets the money and the press, yet the candidate with the most right answers Duncan Hunter can’t get either…
As far as I can recall, there has never been a recession in modern times, which was not the direct result of Federal Resrve Bank actions. And they do that because they have a fear of inflation getting out of hand. so, why do people believe we are going to have a recession now?
“2.Likewise, send $250 to seniors earning under $50,000 as a Social Security supplement, and and prepared to send out a second $250 payment”u put and times
OK dummies. If you put money into the economy now, people will spend it… retailers will have money to hire more folks, this in turn means more taxes to the government… and it goes on… This is a long term plan to get the economy back into shape.
This is something Bush has been advised to do for many years but obviously Bush never listens… look at the mess we have now with the Iraq war…
Stop complaining if you don’t have a solution… cry babies………..
Infaltion?????
How is he going to decide which home owners deserve the money?
My Question is “Has he ever read the constitution?”
The only way to get that money is by raising taxes, and thats not going to help anything.
“2.Likewise, send $250 to seniors earning under $50,000 as a Social Security supplement, and and prepared to send out a second $250 payment”u put it and two times
you got to be kidding. direct subsidies for people who can’t manage money? ok we think we are going into a recession. let’s create more national debt….that’ll fix it for now. This is why we need someone from business that knows how to run it successfully. Want to slow or eliminate a recession, we need business atmosphere that will create jobs now. There is no way to throw money at irresponsible people and fix an economy. Fix the business to create more jobs, better jobs, increase pay, and help people learn to manage money and think responsibly.
Stop bailouts. If CFC and other financial institutions want to loan money to people that can’t pay, let them go out of business. Propping up poor business models only weakens the economy. Let the weak fall and the remaining will be stronger and allow new business to enter the market.
That’s it…..Pat Paulson for President (sorry he’s not around this time)
Election promises ( fairy tales). Do we have anyone dealing in reality?
Every congress member, House and Senate alike should be required to take micro-economics and macro-economics and pass the course with a C, If not they are terminated with no benefits and or pay.
These people are just clueless.
This guy is an idiot. plain and simple.
Scarier and scarier…he lives in theory land. Hmm…no mention where the money is coming from…no way this man is qualified to be president. He said he would “speak to the Mexican and Canadian presidents.” He doesn’t know that it’s the Canadian “prime minister.”
Give me a break.
And what the heck is $250 going to do to help? One tank of gas? Meanwhile we go 45 billion more in debt? Am I missing something?
Well, a plan like this was tried somewhat before. President Bush did it shortly after his getting into ofice the first time, and it did work. It was $300 for individuals and $600 for couples. Worked good then, seems Obama sees that President Bush’s plan the first time worked and he’d like to copy it. I don’t knock him for this, but, he obviously is intelligent enough to see that he shouldn’t re-invent the wheel either. However, I notice he’s hitting the middle class. Which is fine, but, what he does have to understand that the rich are the ones that contribute most of the money into the economy. If you overly tax the rich, they will likely be spending less. Remember when Congress forced the first President Bush to do this? Overly tax the rich in the very early 1990’s? Many middle class workers lost their jobs as a result of the luxary tax because rich folks stopped buying expensive boats. Wow, the Democrats seemed to really know how to help out the middle class then huh? If they go after the rich again, and I were rich, I would close every factory I had over here and ship it all out of the country for cheap labor. I’d then take whatever wealth the government was allowing me to have left and put it in a foreign country where the tax rate is cheaper, or, where the U.S. government couldn’t touch it. Imagine all the trillions of capital that will be lost? Imagine the effect on the economy! Libs gotta learn, perhaps the hard way again, if you overly tax the rich, it’s going to hit the middle class and lower class. You’re not gonna help them by going after the rich.
Dennis Kuchinich has an even better way to pass out money, at least here in NH. Use money his fat cat donors give him to pay people to hand count all the primary votes. If he does this in all the other states it would pump a lot of money to ordinary people.
Let’s see. Obama is going to give the princely sum of $250 to low and middle income families, said income range not defined and really old people, and salt away $10billion to reward folks who made lousy loan decisions. All of this will be a net payout, when all he has to do is cut taxes, which will stimulate the economy and raise tax revenues, a net inflow not outflow. Do these idiot leftists understand nothing about our economy? Well, of course, Obama, the Hildabeast and the Breck Girl understand EXACTLY what is going on. It’s their useful idiot base that doesn’t understand.
So let me get this straight: the government doesn’t have the money. Therefore we will have to borrow it from somebody, which likely means China or somebody else with shady policies. How does increasing our debt help in the long-run?
Obama is correct that the money will help to stimulate the economy, but only in a superficial manner. Increases in our country’s wealth can only be achieved through the process of capital formation. Read Mises and Rothbard. Stop listening to Keynes.
Sounds like vote buying to me…copying the Bush plan and taking credit for it is a good indicator of how shallow Obama is. No specifics, no new ideas, and no clue…so much for “change”.
Where is he going to get the money to do this? This man is nuts!!!!!
Democratic way is just give away.
I don’t like this plan, but it’s the current I_IOT in the white house who has been the most fiscallly irresponsible in history.
Wow…Mark from Wisconsin has an original concept…why not cut everyone’s taxes? Why not cut the gasoline tax while we motorists are paying over three dollars for gas instead of beating up the oil industry? Why do the libs what to impose targeted taxes, instead of just cutting taxes in general?
Obama’s plan is just another classic example of the imposition of Big Brother govenment imposing it’s will on the poor taxpayer.
I am waiting for a candidate, any candidate, to suggest cutting business taxes and providing strong incentives for business to invest in capital equipment and process improvements. Productivity improvements and lower operating cost will help reverse the tide of out sourcing jobs to “low wage (?)” countries. If as a nation we improve the health of our manufacturing base we will create high skill, high wage jobs.
Would this not be a better solution than $250 handouts? I remember from economics that hand outs, read subsidies, never provide any economic incentive. Give a man a fish and he will eat for a day, teach him to fish and you get him off the welfare roles.
Ridicules. $250 may help some, but many will blow this money. I myself can spend $250 in two weeks in automobile fuel costs. (This may help the economy but not in the right way) Help “responsible” families avoid foreclosure? Come on now. How will the government decide who is “responsible”. Are we going to start a new Governmental department?…Department of the Financial Truthfulness. Barack, you want to help me, tell me how you are going to decrease America’s fuel costs? Many American companies and citizens are paying more in fuel cost than we have ever paid. This is hurting American companies and families. What say YOU?
Ridicules. $250 may help some, but many will blow this money. I myself can spend $250 in two weeks in automobile fuel costs. (This may help the economy but not in the right way) Help “responsible” families avoid foreclosure? Come on now. How will the government decide who is “responsible”. Are we going to start a new Governmental department?…Department of the Financial Truthfulness. Barack, you want to help me, tell me how you are going to decrease America’s fuel costs? Many American companies and citizens are paying more in fuel cost than we have ever paid. This is hurting American companies and families. What say YOU?
Look here, to all the people scared of change. The only way to make money is to spend money. You can complain about the state of the economy, but most of us can’t even budget or food allowence every month. You want change start at home, then teach your neighbors. Then have them teach there families. We don’t need a hand out (but thank you Mr. Obama). We need swift kick to get off our own butts. Then and only then will our economy grow, we’re destorying our selves people. So put your pointed fingure back in your pockets.
Do What? 250 won’t even pay a months rent for most people. You might possibly get their car payment covered, if that. So, please tell me… 250.00 in the grocery store would help out… but how? Why can’t we put more then that in peoples pockets without taking it out of mine?!
Sad. We have to tax, tax, tax, tax, then give some back, then tax, tax, tax, tax. I’m one of the ones having to pay it. Honestly, it’s not any different having money and having to pay taxes on it, then not having it and not paying taxes on it… both are hard to do.
Think about it… I’m paying an employee 10.00 an hour, actually 14.00 an hour is coming out of my pocket ( do to taxes) but he/she’s only realizing about 7.00 an hour. Now, where is that extra money going? TAXES!
I personally like doing away with the IRS, and only paying a fair tax. That gets more people on the board of this monopoly game….. Drug Dealers ( who aren’t paying now) Hookers ( who aren’t paying now) Wait staff doesn’t have to be over charged on what the government “thinks” their making, but on what they’re actually spending. Seems logical to me, but I could be wrong. There’s my two cents.
This is Peter Pan policy first step towards Animal Farm.
inflation, inflation, inflation will be the only result of this. Obama might as well say, “Let’s create more money to drive the price of the dollar even further down. Certainly this will pull us out of the whole we’re in.” This is ridiculous!
Maybe you Nay-Sayers have forgotten. When President Bush took office he sent out $300.00 checks to taxpayers. This type of economy stimulus is very common when trying to head of a recession by injecting money into the economy.
Yes I would have preferred a plan to pay for the tax cuts but I would all like a plan to pay for Bush’s war on Iraq. Which as turned out to be a waste of the United States taxpayers money.
The article was never specific and it gave me the idea that he is trying to buy votes. My common sense tells me that if I voted this guy in office he would send me $250 or maybe even $500 if I was a worker. This is insane. The article did not give any specifics besides how much money people would receive. Where is the money coming from? How much higher would my taxes go to pay for someone else’s misfortune or a better term mismanagement of their own money? These sounds too good to be true and most times it is.
Alright Obama ! here comes the “new” New Deal for Americans….Sorry all you rich guys in America—the party’s over! It’s time for the people–not corporate America to reap some of the profits that the big corporations enjoy on a daily basis!
Obama / Edwards ‘08 : America redefined
Tax the top 1-2% of the wealth at 47-48%…..there should be no limitations on what amounts they are taxed on at all!….Does the working class or middle class get “cutoffs” on the amounts of income that get taxed? Answer: hell no! — so why should the wealthiest get the cutoffs on amounts when they can afford to pay taxes more than the working or middle class?
Who are these macro macro economic experts?
This is a great strart for Obama, we also need to tax anyone who buys an Gas Hogging Suv. Also tax 50% tax on all junk food.
In his Iowa ‘victory’ speech, Obama said he was going to raise taxes on corporations. So, more corporations will lay off more workers to come up with the cash to pay Obama’s new taxes. Then Obama will send all those laid off workers $250. I’m sure they will thank him for his generosity as they read the want ads.
It all sounds great and dandy on paper. But really who is going to pay for such a plan. Obama and the rest of the people running for office is just throwing out short term fixes which the American people want to hear. Just like every other election, everyone of them is going for votes. Once they get in office, it won’t be them running the US, it is going to be the congress and not the American People. Go figure two Democratic People are coming up with the same “BUDGET PLAN”. Can we get someone who has a clue what America needs to run this country?
Obama is very naive, that is why as a reagan democrat i will not be voting for him. I will vote for a republican !!!!!
we have flooded areas in ill… have not seen obama or little dick durbin on are local news saying anything about it if it were bush our media would have strung hime up…. were is sean penn when we need him… what a joke libs are
William Eddy: remember Bush has destroyed the economy, with spending money like it is going out of style. Bush has given so much money to the rich we are going to paying for the next eight years.
Sounds like someone is going after the senior citizen and low income voters. I’m sorry, I just don’t see how this is going to stimulate the economy.
I can only pray that he doesn’t get elected.
I will vote for any other canidate but this one.
Can you say “WELFARE STATE” ?
How can one even take that man seriously?
Give a man a fish, he eats for a day, teach a man to fish, he eats for a lifetime.
Obama is pandering just to get votes, its kind of pathetic.
Why not save time and energy and just pay people $100 outside of the voting booths to vote for Obama?
I hope this economic plan was a gag and we can expect the real plan to be revealed in the future.
If he is going to help people who overextended for housing, why doesn’t he do something about all the manufacturing jobs lost overseas?
Didn’t Bush do the same thing? $250 won’t do much for a middle class family who has a $1500 mortgage, $800 in car payments, plus utilities. In addition to the $5000 in car insurance, homeowners insurance and property taxes on an annual basis, it’s a drop in the bucket.
I don’t think it’s a very good plan and is quite wasteful. What about the people on poverty?
Wait a minute, the money Obama is asking the government to “give people” is in the form of tax credits - he even said that this is supposed to be emergency tax relief to stimulate the economy. I thought that as conservatives we were supposed to be in favor of cutting taxes!
WHY NOT JUST SUSPEND THE FUEL TAXES FOR A QUARTER?
nice plan give more money back to people that dont pay any taxes ,the dems think that you are rich if you make more then 1ook ,your just paying your bills in NY with that
250 dollars won’t even pay for my monthly gasoline bill…this is a joke…use the money for education and other services
Obama is the biggest copy cat in the world. Didn’t he has some, even just one, original idea belong to himself?
He badly distorted Clinton’s words to play the race card. He is definitely politics of hope. He is the politics of distortion, personal attacks, and character assassination. The reason he would not wait to have more experience before he run for president of our country is because he puts his own interests before our country’s. What people are so stupid so as to be fool by this dirty politician?
Bush had the same answer, but it was $90.00 for the low to middle working families at two different intravails. $250.00 will not even pay for a half of a months transportation back and forth to work. Obama trying to buy some votes. That is what President Bush did. Obama is a BUSHLITE.
Another democrat buying votes with my money. Hillary did it last week, Obama comes in this week. Can’t wait for the others to weigh in.
If these folks were doing their job, legislating, they would be in Washington to do the necessary to pass this spending give-a-way vote buying programs instead of tryinb to spend my money. Maybe it’s a good idea they are out making fools of themselves.
The winner of the next primary/election will be the one who can promise the most in bread and circus!!!
$250? I have a wife, two kids and a dog………… $250 goes very quickly and will not do anything to move the economy. The economy goes in cycles, always has, always will. In my opinion, Presidents have zero effect on the economy, although they love to take credit for a good one and blame a bad one on the other party. I am a Repulican, and would still take Obama over Hilary in a heart beat, but this plan is, as usual from all politicians, too vague to even be considered a ‘plan.’ Want a plan? (of course I’m going to tell you anyway) Here goes: 1. Cut Spending….. I don’t mean on important things like medicare etc. I mean on the billions and billions of dollars we give to ‘help’ foreign govts. or their people. We’ll never get this money back and most of these people will turn their backs on us as soon as they get the chance. Kinda like France after two world wars. 2. Give a president a line item veto…….. stop all these reps. and senators from adding crap to important legislation. 3. Make certain ‘island U.S. commonwealths’ start paying income tax or better yet, cut them off from access to our welfare/ssi system. Actually, I prefer the latter. 4. Make the members of the House and Senate join the same health care plan we are all forced to be on…….. my guess is you would see changes quickly. 5. If you’ve made it this far, I apologize form my rant…… I’ll stop. Good luck in ‘08 whomever you vote for.
That sounds crazy, the economy is not going to be stimilated by giving $250 or even $500 to the low income, middle income and to the elderly. Although I am for helping others it sounds like this plan is just to give people some money to spend. It is not enough to stimulate the economy. The economy is stimulated by long term planning not short term cash. You should give small and medium size businesses incentives. People spend money when they make money. Keep them working.
Alright Obama !
It’s time Americans got their “New ” New Deal !
The corporations of America have reaped trillions…where is the equal economic distribution to the people who have actually made these corporations rich??
Tax the the top 1-2% of the elitist Americans at 47-48% and this would balance our deficit, provide a national healthcare…and for once in the last 9-10 years..give us a balanced budget!
Why should the tax breaks got the wealthiest individuals who can actually afford to pay a higher tax??
The “upper” upper class is only taxed to a certain point of their incomes..why is this??
Does the working class or the middle class get this perk? NO! we pay taxes on every cent and dollar we make…so why shouldnt the Wealthy and Rich of our Country?
Obama / Edwards ‘08 : America Redefined…..
Im actually hoping that Obama and Clinton will try to out do each other with this mortgage crisis. That way, I can stop paying my mortgage and get all of you[whoops, i mean, the GOVERNMENT] to pay it for me. Is that what the American Way is now? I make a bad financial decision and everyone else pays for it?
I think this incredibly short-sighted and irresponsible waste of taxpayer money is second only to Hillary’s $5000 baby-bond idea. “Deficit” means we don’t have the money to pay for it in the treasury. That means the governement needs to print an extra $75 billion to $120 billion and “inject” it into the economy by sending it out to their (largely undefined) target audience of low and middle class people. Well, what happens when a currency is diluted like that? It is worth less, and the value of the dollar declines that much more. This is not economic stimulus, it is economic sabotage. Most of Obama’s ideas are questionable at best, but this one really takes the cake. It’s really too bad. He would make a charasmatic leader otherwise.
Next he will be asking the compassionate servent Hugo Chavez to give out gas cards for votes.
This plan is as empty as all of Obama’s rhetoric.
As soon as I got to $250.00 for Seniors I stopped reading. This is an insult…go back to the drawing board and get those advisors working again for you! Mr. Obama, you need another 8 years in the senate and then try again. Only the fools that do not realize how serious our country needs someone with experience. People that believe in your empty words. You see to make change you need experience to bring the make this change happen. You need experience to bring our hopes to a reality. You made promises to Illinois and what did you do? Not very much!
How can you possibly run our country? are you counting on all those advisors, well we might as well know who they are, so that we can see who we are really voting for. No we need to vote for a president that will be the leader and not depend on advisors fully like a child to his father.
a vote for prosperity, a vote for a good economy, a vote for our troops to come home and a vote for global respect would NOT BE A VOTE FOR OBAMA! WE NEED TO VOTE FOR SOMEONE THAT HAS EXPERIENCE!!!
LET US NOT FORGET, ITS OUR COUNTRY, ITS OUR LIVELYHOOD, ITS THE FUTURE OF OUR CHILDREN…
Okay so you (1) say that Barack Obama doesn’t ever specify on any specific details on his policies/views, then (2) when he does, you complain and criticize without offering alternatives… hmmm, sounds like The Same Ole Politics that we’re quite frankly tired of. Thanks
So define middle income, then on top of that define responsible families. Of course im going to need that other $250 check, so go ahead and put that in the mail.
This is a big handout. It beginning now. Watch your wallet my fellow hardworking Americans. It is a trick to get the votes of the low and middle income citizens who comprises majority of the voters.
I work very hard for my money, really hard. I don’t want this handouts tricks in luring people for their votes. Where will Obama get this big payout? My fellow Americans please think it over!