June 9, 2008
Posted: 01:30 PM ET
NEW YORK (CNNMoney.com) — On the first day of what is to be a two-week economic tour around the country, Barack Obama said Monday he thinks lawmakers need to inject another $50 billion immediately into the sluggish U.S. economy. The presumptive Democratic presidential nominee cited the largest monthly increase in the unemployment rate in over 20 years, and record highs in oil prices, food prices and foreclosures. "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," Obama told a crowd in Raleigh, NC. He said specifically that he supports expanding and extending unemployment benefits, as well as a second round of tax rebate checks. Click here to read more on CNNMoney.com Filed under: Barack Obama |
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