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.
Look people. This is a ridiculous plan. Obama cannot even answer a simple question of “where ya gonna get the dough, Obama”? Oprah Winfrey? To use America’s 45 Billion reserve is to sell our country to the Arabs. Obama is a dangerous idiot and I, for one, cannot believe that so many people like him. How many people base their life decisions on “WWOD…What would Oprah do?” How about getting away from our dependancy on oil by going green? Lets work on that for a change. Go Hilary!
NEO CONS ARE TOTAL IDIOTS
THEY WILL BUY ANY BS
YOU DONT EVEN HAVE TO PACKAGE IT
Once again we have a politician saying, “don’t worry about where the money is coming from. We will worry about it latter.” Then, in some subsequent State of the Union address we will hear those magic words of intent, “Let’s balance the budget.” If you ever wonder why politicians have no credibility, this is a perfect example. They are literally the only animal on earth that can in fact communicate out of both sides of their mouth at the same time.
By the way, we know exactly where the money WILL come from, the socialistic concept of redistribution of wealth. Let those who have give to those who won’t!
I have been a Rep. for all my life this is the first time I would vote Dem. if Opama was the canidate. It is time that we have a black man president we have a secretary of state and it is time for a good man to be our president . Black or white it is the man that we are voting for and what he beleives . My prayers are with this man who admited to his flaws and we all have them but he did not lie about it. That in my books counts a lot. Mrs. Louise Thomas
I have a better idea - How about Obama just coming to my home or place of business and robbing me and my family at gun point.. I would rather look him in the eye when he steals my wallet..
If you can see from where the votes came in New Hapshire you will notice that came from the most liberal parts of that state. I can’t believe that a republican will vote for such liberal, pro-choice, pro-spending candidate.
Like any other socialist, he wants to get people used to the idea of awaiting recieving a government check in the mail.
The government is not our mommy and daddy and we aren’t two year old children. If you made your bed you should get in and work through it. Make better choices, seek better advice, and don’t expect someone else (certainly not the millions of nameless “wealthy” taxpayers) to bail you out. Fall down, get back up. Fall down, get back up. If at first you don’t succeed, try, try again. Sheesh, I can’t stand people who expect others to pay for their mistakes because it might hurt to suffer the consequences. If it doesn’t kill you, it makes you stronger. Cowboy up America! Tell Obama and Hillary to stop wasting our time with handouts.
This is very interesting -….
Who is Barack Obama?
Something that
should be considered when you make your choice.
If you do not ever
forward anything else, please forward this to all
your contacts…it is very scary to think of what could lie ahead for us
here in our own United States…better heed this and pray about it and share it.
We checked this out on ‘ snopes.com ‘. It is factual. Check for yourself.
Who is Barack Obama?
Probable U. S. presidential candidate, Barack Hussein Obama was born
in Honolulu , Hawaii , to Barack Hussein Obama, Sr., a black MUSLIM
from Nyangoma-Kogel , Kenya and Ann Dunham, a white Athiest from
Wichita , Kansas .
Obama’s parents met at the University of Hawaii . When Obama was two
years old, his parents divorced. His father returned to Kenya . His mother then married Lolo Soetoro, a RADICAL Muslim from Indonesia . When Obama was 6 years old, the family relocated to Indonesia . Obama
attended a MUSLIM school in Jakarta . He also spent two years in a Catholic school.
Obama takes great care to conceal the fact that he is a Muslim. He is quick to point out that, ‘He was once a Muslim, but that he also attended Catholic school.’
Obama’s political handlers are attempting to make it appear that that he is not a radical.
Obama’s introduction to Islam came via his father, and that this influence was temporary at best. In reality, the senior Obama returned to Kenya soon after the divorce, and never again had any direct
influence over his son’s education.
Lolo Soetoro, the second husband of Obama’s mother, Ann Dunham, introduced his stepson to Islam. Obama was enrolled in a Wahabi school in Jakarta .
Wahabism is the RADICAL ISLAMIC teaching that is followed by the Muslim terrorists who are now waging Jihad against the western world. Since it is politically expedient to be a CHRISTIAN when seeking major
public office in the United States , Barack Hussein Obama has joined the United Church of Christ in an attempt to downplay his Muslim background. ALSO, keep in mind that when he was sworn into office he
DID NOT use the Holy Bible, but instead the Koran.
Barack Hussein Obama will NOT recite the Pledge of Allegience nor will he show any reverence for our flag. While others place their hands over their hearts, Obama turns his back to the flag and slouches.
Let us all remain alert concerning Obama’s presidential candidacy.
The Muslims have said they plan on destroying the US from the inside out, what better way to start than at the highest level - through the President of the United States , one of their own!!!!
Please forward to everyone you know. Would you want this man leading
our country?…… NOT ME!!! Don’t stop here . Take a look at the picture below.
Subject: Wow!!!
I had heard about this but a picture is definitely worth 1000 words! God save us!!!
Senator Barack Obama, Governor Bill Richardson, Senator Hillary Clinton and Ruth Harkin stand during the national anthem.
Barack Hussein Obama’s photo (that’s his real name)……the article said he REFUSED TO NOT ONLY PUT HIS HAND ON HIS HEART DURING THE PLEDGE OF ALLEGIANCE, BUT REFUSED TO SAY THE PLEDGE…..how in the hell can a man like this expect to be our next Commander-in-Chief????
THAT IS THE REAL “VOODOO ECONOMICS”.