Tuesday, June 10, 2008

Obama Calls for More Stimulus

The Doctor is getting antsy:
Are we ready to discuss issues yet?

How about the new "economic plan" rolled out by Obama with "details to follow". Did that 50 Billion in new spending include the new round of stimulas checks or is that in addition too?
Obama's specific proposal is being rolled out.
"Such relief can't wait until the next president takes office. ... That's why I've called for another round of fiscal stimulus, an immediate $50 billion to help those who've been hit hardest by this economic downturn,"
Now, Doc, if you want a multi page itemized audit of the proposal, then you don't want to discuss issues, you want to nit pick the details. While Sen Obama is proposing ways to get us 0out of the self inflicted mess the current Presidents mismanagement has gotten us into, so be it. Meanwhile, Obama wants to send out a second round of checks, and do what the first bill should have done, extend unemployment benefits.

I know what you are going to say. It is their own dang fault they are unemployed and they don't deserve any assistance. They should suck it up and get out there looking for a job (that doesn't exists) and we shouldn't help at all. I can't tell you how much it burns me when these conservatives simply turn their back on the less fortunate and blame them soley for the predicament they are in. They call it 'personal choices' and how the 'publc' shouldn't have to help those that did it to themselves.

To continue his detailed plan, Obama also discussed tax relief, you know, to the people who actually need relief:
Obama has pledged to keep the tax cuts in place for everyone except those making roughly $250,000 and up. He has also made proposals to cut taxes further for the middle class, some of which he reiterated in his speech: exempt seniors making less than $50,000 from having to pay income tax; give a tax credit worth up to $500 per working person ($1,000 per family) to offset the Social Security tax on the first $8,100 of earnings; and expand the earned income tax credit.

To boost retirement savings, he has also proposed a 50% federal match on the first $1,000 of savings for families that earn under $75,000.
So as is consistently the case, Democratic candidates are out there with clear ands specific proposals to rescue this country from the dire straights of Republican mismanagement. It is why the GOP doesn't want to talk about issues, they are on the wrong side of them.


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