Obama hits again by Claudia Sonea

It is getting hot in the kitchen and Obama is on fire. In spite of the recent ruckus with him not being born on US soil, the Democrat candidate is getting to people’s hearts by approaching the main problem: economy. In the absence of any solutions offered by his opponent, Obama gave in his speech from Monday in Toledo (a crucial city) numerous solutions with quick implementations.
Let us see what he proposed and why it sounded appealing. First he offered a quick solution that the Congress could pass after the elections: 90-day moratorium on home foreclosures, a two-year tax break for businesses and the possibility to withdraw up to $10,000 from their retirement accounts without any penalty for a period of two years. Also he proposed for taxes to be increased 5 percent for those earning over $250,000 a year and tax cuts for those earning less than $200,000 a year. The $3,000 tax credit for each additional full-time job a business creates is definitely a good starting point for the unemployment issue and for small business too.
On the other hand he underlined the benefits of the bailout plan and praised Paulson’s actions, but added that some banks could be bought and partially nationalized. Obama concluded underlining the fact that the final ingredient to all his solutions and the only one that could make things work is the unity of the American people and joint efforts. Well, bravo I would say, he just makes you want to vote for him, doesn’t he?


related story: http://news.yahoo.com/s/ap/20081013/ap_on_el_pr/obama;_ylt=AujoT2PiztODjgKHQX9cT3Ws0NUE

by Claudia Sonea for PocketNews (http://pocketnews.tv)

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