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Obama Proposes $75 Billion Economic Stimulus Plan

Reuters   |  Adam Tanner   |   January 13, 2008 03:52 PM


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Amid growing worries about a worsening of the U.S. economy, Democratic presidential candidate Barack Obama proposed a $75 billion economic stimulus plan on Sunday that includes worker tax credits, a one-time pension supplement and help to homeowners facing foreclosure.

The plan would include an immediate $250 tax credit for workers, which could double if the economy worsens, a one-time $250 supplement to Social Security payments, a $10 billion fund to help homeowners facing foreclosure and a $10 billion fund to assist states facing budget shortfalls amid lower tax revenues.

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- buske I'm a Fan of buske 3 fans permalink


Hillary announced a plan like this just a few days ago and now Obama feels he has to do the same. Ridiculous.

Has Obama suddenly realized that the U.S. economy is shit or is he just trying to copy Hillary to get more votes? I guess Obama was told by his supervisors to do this in order to confuse people even more.

    Favorite    Flag as abusive Posted 08:50 AM on 01/14/2008
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Woo Hoo!!! $250!!!

Who's gonna pay for it? Oh I know... let's borrow it from China!

    Favorite    Flag as abusive Posted 08:43 AM on 01/14/2008
- mamacat I'm a Fan of mamacat 127 fans permalink

I am waiting for the Republican spin machine to tell us how this plan represents Democratic spending run-amok. "Trillions for offence, but not one penny for Americans!" - The Republican creed.

    Favorite    Flag as abusive Posted 06:55 AM on 01/14/2008
- SCharb I'm a Fan of SCharb 3 fans permalink

Ehhh... kinda jumping on the economy bandwagon here, Barack. You already had a detailed economic policy, and altering it to follow Clinton's lead is not really great. But usually you are the trend-setter, so we can just let this one slide.

    Favorite    Flag as abusive Posted 06:24 PM on 01/13/2008
- jmpurser I'm a Fan of jmpurser 148 fans permalink

Okay, I'm probably voting for Obama next fall but this plan makes pretty much zero sense to me as a stimulus plan. You give me $250 it will "stimulate" me to pay down a credit card for that amount. What good does that do anybody?

    Favorite    Flag as abusive Posted 05:00 PM on 01/13/2008
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