Tuesday, October 14, 2008

Obama's Proposal To Stabilize The Economy

Yesterday, Sen. Barack Obama took steps to separate himself from Sen. John McCain in terms of economic policy by introducing his own economic proposal. Obama's proposal includes the following: placing a 90 moratorium on home foreclosures, giving businesses a two year tax break to help create jobs, and allowing people to withdraw up to $10,000 from their retirement accounts without any penalty this year and next.

Obama's proposal will cost $60 billion, I just wonder where all of the money is going to come from to finance the package if enacted. The Atlanta Journal Constitution provides more details on the proposal.

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