Specifically, what will Obama do for the economy? (health care, vote, wages)

[NSHL10]

More and more, Senator Obama is being touted as the candidiate who will get us out of this recession. I've read his speeches and comments lately regarding our crisis, but can't find anything SPECIFIC about what moves he will do. Does anyone have links to what exactly he will do?

[gsupstate]

Originally Posted by fopt65

More and more, Senator Obama is being touted as the candidiate who will get us out of this recession. I've read his speeches and comments lately regarding our crisis, but can't find anything SPECIFIC about what moves he will do. Does anyone have links to what exactly he will do?

"Hope" it gets better and give loose "Change" to the unemployeed.

[tekka-maki]

I'm going to go out on a limb here and say...

-Ensure BASEL II roll out is effectively regulated and goes smoothly

-Convince the treasury to extend the Stock Injection option to the Paulson plan (I overheard it may be written in the bill as an option)

-My personal fav would be to outlaw 'Lobbyism' and convict those caught doing it

Maybe most importantly, reassure the global markets who are in total meltdown, particularly in Europe. As much as FUD effects all exchanges, diplomacy may go a long way... something the other party doesn't excel at... much better at making enemies in fact.

I wonder what McCain's 'specific plan' is? I bet it has something to do with: What would a maverick do?

[paullySC]

He'll tax the crap out of the rich and give the middle class a tax break equal to about 20 dollars a week. Wow, what a plan for success.

[NSHL10]

Has he formally come out with these proposals?

(Asked of tekka-maki's post)

[amploud]

Originally Posted by gsupstate

"Hope" it gets better and give loose "Change" to the unemployeed.

He'll raise taxes on the "rich." (Not sure how this helps the economy though...)

He'll lower taxes on the "middle class." (Although Bush was widely criticized for cutting taxes, it seems to be a good idea when Obama proposes it...)

He'll increase taxes on dividends. (That'll make people want to put more money in the stock market. After all, it's fun to pay taxes!)

He'll "close the loopholes" in the corporate tax code to effectively raise the corporate tax rate. (Don't worry, I'm sure increased costs won't cause businesses to lay off, outsource, cut back hours, etc. Business always benefit from increased costs, right?)

What a great time to vote Libertarian!

[luzianne]

Obama doesn't have a clue what he will do with the economy or anything else. His goal is to be president. He hasn't thought past that.

[tekka-maki]

Originally Posted by gsupstate

"Hope" it gets better and give loose "Change" to the unemployeed.

Sadly, that sounds more effective than what is being done now. Efficacy is not this administration's strong suit.

Originally Posted by luzianne

Obama doesn't have a clue what he will do with the economy or anything else. His goal is to be president. He hasn't thought past that.

This thread just reeks of intelligence.

Originally Posted by amploud

He'll "close the loopholes" in the corporate tax code to effectively raise the corporate tax rate. (Don't worry, I'm sure increased costs won't cause businesses to lay off, outsource, cut back hours, etc. Business always benefit from increased costs, right?)

What a great time to vote Libertarian!

I agree on the last part, but what makes you think increased (i.e. frankly, warranted) costs to large caps would be any worse than now. They already lay off, outsource, cut back hours, etc. GM has been in a state of disarray for years, but the news today would like you to think their woes are caused by what is happening now. Maybe the fat cats on top cutting off all the oxygen to the bottom should be on a tighter leash (instead of us!).

[boywithstick]

You asked so here it is. It comes straight from Barack Obama | Change We Need | Barack Obama and Joe Biden's Plan

$1,000 Tax Cut for Middle Class American Families

Barack Obama and Joe Biden will cut income taxes by $1,000 for working families, because the economy needs to be revitalized from the bottom up, not the top down. Read more » (http://www.barackobama.com/issues/economy/index.php#jumpstart - broken link)

Energy Rebates

Obama and Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help pay for rising bills. Read more » (http://www.barackobama.com/issues/economy/index.php#tax-relief - broken link)

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 » (http://www.barackobama.com/issues/economy/index.php#trade - broken link)

Create Five Million Green Jobs

Obama and Biden believe that we should invest in innovation, including manufacturing jobs in the growing clean energy market -- freeing us from our dependence on foreign oil within a decade and creating five million green jobs. Read more » (http://www.barackobama.com/issues/economy/index.php#invest-for-jobs - broken link)

New Jobs Through National Infrastructure Investment

Obama and Biden believe that rebuilding our highways, bridges, roads, ports, and air and train systems will create jobs, ensure safety, and bolster our long-term competitiveness. Read more » (http://www.barackobama.com/issues/economy/index.php#new-jobs - broken link)

Technology, Innovation and Creating Jobs

Obama and Biden will increase federal support for research and technology, and promote innovation in our companies and universities so that American workers can lead the world in developing cutting-edge jobs and products. Read more » (http://www.barackobama.com/issues/economy/index.php#tech-jobs - broken link)

Support Small Business

Obama and Biden will level the playing field by eliminating all capital gains taxes on start-ups and small businesses. Read more » (http://www.barackobama.com/issues/economy/index.php#small-business - broken link)

Labor

Obama and Biden will strengthen the ability of workers to organize for fair wages, health care, and secure pensions. Obama and Biden will fight for the 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 living wage year after year. Read more » (http://www.barackobama.com/issues/economy/index.php#labor - broken link)

Protect Homeownership and Crack Down on Mortgage Fraud

Obama and Biden will crack down on fraudulent brokers and lenders, make sure home-buyers have honest and complete information about their mortgage options, and give a tax credit to all middle-class homeowners. Read more » (http://www.barackobama.com/issues/economy/index.php#home-ownership - broken link)

Address Predatory Credit Card Practices

Obama and Biden will 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 » (http://www.barackobama.com/issues/economy/index.php#credit-cards - broken link)

Reform Bankruptcy Laws

Obama and Biden will reform our bankruptcy laws to protect working people, ban executive bonuses for bankrupt companies, and require the disclosure of all pension investments. Read more » (http://www.barackobama.com/issues/economy/index.php#bankruptcy - broken link)

Work/Family Balance

Obama and Biden will help working families by doubling funding for after-school programs, expand the Family Medical Leave Act, provide low-income families with a refundable tax credit to help with child-care expenses, and encourage flexible work schedules. Read more » (http://www.barackobama.com/issues/economy/index.php#famiy-balance - broken link)

[rightofcenter]

What will Obama do for the economy?

He won't ignore it

"It's a dangerous road, but we have no choice," a top McCain strategist told the Daily News. "If we keep talking about the economic crisis, we're going to lose."

Insults fly as Barack Obama & John McCain prepare for second debate