Obama Offers New Proposals To Help Economy

By: Associated Press
By: Associated Press

Democrat Barack Obama is calling for a 90-day moratorium on foreclosures and a two-year tax break for businesses that create jobs as part of a plan to heal the nation's ailing economy.

The presidential candidate says banks that participate in the federal bailout should temporarily postpone foreclosures for families making good-faith efforts to pay their mortgage.

He also called for a $3,000 tax credit for each additional full-time job a business creates. The tax break would end after 2010.

Obama also is proposing letting people withdraw up to $10,000 from their retirement accounts without any penalty this year and next.

The Obama campaign emphasizes that these ideas can be done quickly, either through executive order or legislation.

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  • by Kelvin on Oct 15, 2008 at 08:49 PM
    Jeff, Don't worry. I will be happy to debate you once you say something intelligent.
  • by Jeff Location: c/s on Oct 15, 2008 at 02:13 PM
    No Steve you moron I was listening to it LIVE as Obama evaded McCain asking what the FINE would be for not using his methods. THREE TIMES HE IGNORED THE QUESTION. Unlike most of you who pick on Kay, I don't need anyones influence to see Obama is a disaster waiting to happen.
  • by Robert Location: PPCC on Oct 14, 2008 at 05:30 PM
    To blame one party is stupid. This is the WHOLE governments fault! Doesn't matter if you are Republican, Democrat, Independent, or Wig for that matter (yes they still exist). To say its the Democrats ruined the economy is utter stupidity. To say that Republicans ruined the economy is garbage. Both sides did nothing to prevent this.
  • by Steve Location: Co Sprgs on Oct 14, 2008 at 04:27 PM
    Give me a break Jeff...just because you believe the garbage that Kay spews you feel you have to defend her?? Your post is as much of a joke as hers...get the facts straight about the health care proposal before you start copying word for word what they say on Fox News!!
  • by Jeff Location: c/s on Oct 14, 2008 at 12:06 PM
    Dang Kelvin, are you really that afraid of Kay of just plain weak ? Cracks me up how you all pick on one person.True Obama loving mentality. Why don't you share some proof instead of babbling your ugly words.Obama already wants to FINE us if we don't mandate his health control, Mccain asked him 3 times in the debate what that fine would be and each time he evaded the answer. Liar like always.
  • by Kay Location: Co Sprgs on Oct 14, 2008 at 12:04 PM
    Look up the ACORN project and the 3 former Fannie Mae executives who have brought down Wall Street.FRANKLIN RAINES? Raines works for the Obama Campaign as Chief Economic Advisor TIM HOWARD? Howard is also a Chief Economic Advisor to Obama JIM JOHNSON? Johnson hired as a Senior Obama Finance Advisor and was selected to run Obama’s Vice Presidential Search Committee IF OBAMA PLANS ON CLEANING UP THE MESS - HIS ADVISORS HAVE THE EXPERTISE - THEY MADE THE MESS IN THE FIRST PLACE. Sorry if I don't trust him and now this stupid plan. Those are the facts Kelvin, DO YOUR OWN RESEARCH.
  • by Colorado Location: CO on Oct 14, 2008 at 11:21 AM
    Kay, please explain to us all how it was the Democrats that got us in this mess??
  • by Bob Location: CS on Oct 14, 2008 at 07:22 AM
    Another great post by Kay who has NO CLUE what she is talking about...get over it Kay, its time to move on. Your ignorant propaganda posts dont work on here!! Go back to your Fox News or get your lies from somewhere else!!
  • by brubaker on Oct 13, 2008 at 11:33 PM
    nobama, no way, no how.
  • by Patriot Location: COS on Oct 13, 2008 at 09:05 PM
    Are you people smoking crack? The REPUBLICANS have got us into this mess.
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