Obama & His Economic Plan

It doesn't take an economist to recognize that our economy is in pretty bad shape and in the opinion of plezWorld we are teetering on the brink of recession. Loss of jobs, shrinking value of the dollar, the mortgage crisis, the high number of homes in foreclosure, the financial institution collapses of the past 3 months, inflation, and soaring gasoline prices point to the horrible shape of our economy.

The Bush Administration has allowed our economy to go into the tank with very few initiatives to fix the problems. Sen. John McCain has not offered any tangible solutions (as little as 24 hours ago, he was saying that the "fundamentals of our economy" were strong). Sen. Barack Obama appears to be the only presidential candidate who has even attempted to address American's economic woes.

Barack Obama: Confronting an Economic Crisis
Golden, Colorado on September 16, 2008

Sen. Barack Obama has spelled out his Plan for the Economy in great detail:

• Tax Cut for Middle Class American Families
  Cut income taxes by $1,000 for working families, because the economy needs to be revitalized from the bottom up, not top down. Read more...
  
  
• Energy Rebates
  Enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. Read more...
  
  
• Create Jobs through Fair Trade
  Obama and Biden believe that trade with foreign nations should create American jobs, not send them overseas. They will stand firm against agreements that undermine our economic security. Read more...
  
  
• Create 5 Million Green Jobs
  Obama and Biden believe that we should invest in innovation and manufacturing jobs in the growing clean energy market, freeing us from our dependence on foreign oil within a decade and creating 5 million green jobs. Read more...
  
  
• New Jobs Through National Infrastructure Investment
  Obama and Biden believe that rebuilding our highways, bridges, roads, ports, air, and train systems will create jobs, ensure safety, and bolster our long-term competitiveness. Read more...
  
  
• Technology, Innovation and Creating Jobs
  Increase federal support for research, technology and innovation for companies and universities so that American workers can lead the world in cutting edge jobs and products. Read more...
  
  
• Support Small Business
  Level the playing field for small business by eliminating all capital gains taxes on start-up and small businesses. Read more...
  
  
• Labor
  Strengthen the ability of workers to organize for good wages, healthcare, and secure pensions. Obama and Biden will fight for passage of the Employee Free Choice Act. Obama and Biden will ensure that labor appointees support workers' rights and will work to ban the permanent replacement of striking workers. Obama and Biden will also increase the minimum wage and make sure it remains a real wage year over year. Read more...
  
  
• Protect Homeownership and Crack Down on Mortgage Fraud
  Crack down on fraudulent brokers and lenders. They will make sure homebuyers have honest and complete information about their mortgage options, and they will give a tax credit to all middle-class homeowners. Read more...
  
  
• Address Predatory Credit Card Practices
  Establish a five-star rating system so that every consumer knows the risk involved in credit card borrowing. They will establish a Credit Card Bill of Rights to stop credit card companies from exploiting consumers with unfair practices. Read more...
  
  
• Reform Bankruptcy Laws
  Reform our bankruptcy laws to protect working people, to ban executive bonuses for bankrupt companies, and to require disclosure of all pension investments. Read more...
  
  
• Work/Family Balance
  Help working families by doubling funding for after-school programs, expanding the Family Medical Leave Act. They will provide low-income families with a refundable tax credit to help with their child-care expenses, and encourage flexible work schedules. Read more...

Read the Obama Economic Plan in its entirety at barackobama.com.

Read the CNN.com article about how the next president needs to address the economy here.

Read the CNN.com article about how Obama has moved ahead in national polls here.

Read the New York Times article about which candidate the polls favor for CHANGE here.


plez sez: i support the candidacy of Sen. Barack Obama.

this country needs a BIG CHANGE, not cosmetic change (not by changing one pit bull for a different pit bull wearing lipstick). this country needs a president who is thoughtful and progressive, not a someone who relies on polls and a fading gut instinct. we need leadership who can clearly articulate a vision, not a neanderthal whose only plan is to attack his opponent's plan.