TOLEDO, Ohio (CNN) – Barack Obama said the average American consumer is facing an “immediate economic emergency” and steps need to be taken right away to stop things from any getting worse.
Watch: 'J-O-B-S,' says Obama
“If Washington can move quickly to pass a rescue plan for our financial system, there’s no reason we can’t move just as quickly to pass a rescue plan for our middle-class that will create jobs, provide relief, and help homeowners,” Obama told Toledo voters. “If Congress does not act in the coming months, it will be one of the first things I do as President of the United States.”
Obama proposed $60 billion worth of measures his campaign said would offer “relief” to homeowners and workers. Many of the ideas build on policies Obama has already proposed and authority the government already has. The campaign suggested many of them could even be passed in a lame duck session of congress after the election.
The Democratic nominee wants to: temporarily lift taxes on unemployment benefits; allow investors a penalty free withdrawl of up to $10,000 from their 401k or IRA this year or next year; place a 90 day moratorium on foreclosures for homeowners who are “making a good-faith effort” at meeting payment deadlines; and temporarily offer businesses a $3,000 tax credit for “every net new job” added in the United States in 2009.
“It’s a plan that begins with one word that’s on everyone’s mind, and it’s easy to spell, J-O-B-S. Jobs. We’ve got to work on jobs,” he said.
John McCain’s campaign told reporters on a Monday afternoon conference call that Obama’s plan would have little impact — adding that the Republican nominee would be unveiling economic proposals of his own on Tuesday.
Listen: McCain advisors blast Obama's proposals - and tell reporters how the Republican nominee plans to counter them
Obama’s job message could play well in the Toledo area. Recent data puts the city’s unemployment rate at close to 10% and the number statewide at 7.4 percent. These numbers are expected to rise given the recent economic downturn.
Northwest Ohio, where Obama is spending three days preparing for Wednesday’s final debate, is considered a crucial swing area. John Kerry handily won mostly Democratic Lucas County, which houses Toledo, in 2004 but lost almost all of the surrounding Republican leaning suburban, exurban and rural counties.
Upon his arrival Sunday, Obama canvassed a neighborhood in Holland, just West of Toledo, where many residents expressed concern about the home foreclosures on their street and not being able to pay the bills.
This area, according to Eric Rademacher of the Ohio Poll, “has been a fairly good predictor of how the state goes.” Given the current economic climate, Rademacher said he would give Obama the advantage here - but noted that the state of the race could change several times before Election Day.
He does just that – TALK TALK TALK Is this what we need? I don't think so. I for one want our next president ( John McCain ) to address the economy and National Security. These are the most serious issues we face. John was RIGHT when he said that the economy was fundamentally OK.. We American workers are the BEST, the BRIGHTEST, and the hardest workers in the world. We have proved this by the shear power of how great our economy became. We can and WILL do it again. It's not John's fault that the Wall Street mess was caused by the GREEDY CEO's. What CEO is worth millions? NONE. There is something basically WRONG when we the tax paying Voters let this kind of GREED happen. We should be revolting against the products that the companies these CEO harbor. It's UN-AMERICAN. We need a STRONG EXPERIENCED, PATRIATIC PROUD AMERICAN as our next President. Voting for talking change will be a BIG mistake !
This man is amazing. After 8 years of Bush in the white house, it will be great to finally have someone that is competent there – just when we need him.
Alaska, you may like, or even love Sarah Palin, but I don't.
America needs honesty and, my friends, she is not it!!!!!!
Obama Biden 2008
So now he thinks what Clinton stated in the primary will actually work?
What a change. Forget flip flop, just flat out LIE.
Change = Lil' White Lie
You can't say black lie b/c black folks like Lewis will say you are Racist as well as Ted koppell.
Obama marches forward demonstrating LEADERSHIP- he is on top due to highly ethical behavior, calmness in crisis, America and the world at large need this new leadership style and content.
MONTANAN FOR OBAMA *
Great ideas from the Obama campaign! I would say the McCain campaign will try and steal many of these ideas...but they are too busy out there trying to make this a personality contest.
Just one question...after a week of the media obsessing about a totally harmless and practically nonexistent connection between Obama and Ayers...where is the reporting on Palin's abuse of power charges? Why is it that lies are being reported on more than findings from a legislative inquiry into Palin's actions? She is running as a reformer and to end the absuive powers in DC...shouldn't her credibility in that matter be scrutinized and challenged given the report findings?
at least he has offered a plan to solve our problems. Grandpa and the nurse are stuck in the 1960s talking about Ayers.
We are trying to do what we have with some sense of what is going on with Mainstreet and not Wallstreet and our freinds in Washington.
If Obama does not win the Presidency in the USA, do you think he would come up north to be Prime Minister of Canada?
McKain personifies bad judgement:
90%+backing worst president in 1,000 years!
Worst VP pick in 2,000 years!!
Nuff said – Can you say "President O'bama"?
Wonderful! "That one" has a real plan. Glad I voted for him (early ballot)
Obama proposal plan had me speechless.
I often wonder what would happen with the $5,000.00 in McCain healthcare plan if you owe taxes. Like if you had to withdraw on 401k plan early and where penalize but could not get a loan to pay it off but did make arrangements with the IRS.. Would these people see a check?
Then another thought came to mind. I know there are some men and women who owe quite a bit on child support. Would they get a check? Are let's just say who would get the check McCain promise in this type of ordeal?
rob kole, you arent paying attention-obama is liked and respected by all memebers of congress (except for one angry, jealous old man). he is KNOWN for being a senator that works across partry lines regularly, not just for show (like our horrible Gordon SMith).
with a democratic congress and as our democratic president, obama will do very well getting his plans implemented and starting the process of repairing the damage of 8 years of bush and 1o years of disastrous republican dominance in congress!
Obama walking door to door strikes me as one of the most savy political moves ever.
It also shows me that this guy is for real.
Apart from that, the fact that he has a PLAN, On paper, With realistic goals and innovative ideas, well, that sure does put daylight between him and McCain.
Good on you Senator Obama. You have my vote.
That One 08
To Rob Kole,
No, your wrong. He's has friends. Yes siree! My friends, Obama
has "friends" in Washington and he is about to enter into a
roomful of a whole
bunch of new friends! You are wrong on that one, Rob.
Obama is my "friend", and McCain and Palin are NOT!
The Dow soared over 900 points today, bad news for Obama's campaign. Maybe it's not all doom & gloom.
Obama has a sensible workable intelligent plan for our ailing economy. McCain has Gimmicks ike putting a fat ignorant woman in the crowd and having her say that Obama is an Arab. Then McCain gets to put on a show and pretend to defend Obama. This is what really happened and our gullible media fell for it. I know you find it hard to believe but you have to understand stand these Rovian Political Tactics. To the Republicans this is about Power and Huge Money. They will do and are doing anything they can to steal this vote.
JOBS BABY JOBS!
To Rob Kole:
The Congress may look a lot different come Jan. 09 as Dems are showing they could pick up a decent number of seats. Maybe not veto proof, but I'll be they increase their majority status.
So it's a decent bet that if they don't do anything about this now, a President Obama would have a much more friendly House and Senate to work with.
But thanks for the civics lesson.
That's what will get America back on it's feet............Obama knows these are tough times for millions of people and talking about what to do is smart.........VERY SMART. Let's face it If you don't have a JOB it is hopeless................bill collectors will be knocking on your door.
Vote smart America............In November I'll be voting for "THAT ONE"
Haha cool Hillary today stated its jobs baby jobs in comparison to drill baby drill.
what an article ??
So, Mr Obama, what do ya say now ?
Writer listed only 20 issues/points you agree with Bush.
I am sure, there will be more :)-
You just don't get it. You can't cherry pick parts on a sentence and make sense of it.
What the plan calls for is if you need to take money from your 401K to bail yourself out, then for the next couple of years, while we come out of the recession, you can, without penalty. You can already take YOUR OWN MONEY out, but you have to PAY THE GOVERNMENT A PANALTY.
If you think THAT's a good idea, then you really ARE a dope.
I have voted and sent my ballot in today. I am looking forward to our new President Barrack Hussein Obama taking oath of office on January 20th. He will make a great president and lead our country out of this mess that the republicans have gotten us into.
I am one of the "older white" americans who has already cast her vote for Barack. Please continue speaking about our economy, but please also include how it has been raped by 8 years of Bush/McCain. Oh, and Sarah..... mush your way back to the frozen tundra.