economic policy

Obama Channels Clinton on Economic Plans

Obama is releasing new plans on the economy and one is to have a foreclosure freeze.

He also wants to give a $3000 dollar tax credit to every job created in the United States and of course that question begs to ask are those jobs required to go to US citizens and Green Card holders or can corporations import their foreign cheaper labor?

Democrat Barack Obama is proposing lifting penalties for withdrawals of up to $10,000 from retirement accounts and imposing a 90-day moratorium on foreclosures on some homeowners as part of a plan to boost the economy and aid middle-income taxpayers.

Obama also wants the Federal Reserve and Treasury to lend money to state and municipal governments that are have having trouble raising money and for federal lawmakers to ``keep all options open'' to help struggling automakers.