October 13th, 2008
02:45 PM ET
6 years ago

In Ohio, Obama talks jobs, multi-billion dollar economic plan

 Obama offered specifics on his economic plan this afternoon.
Obama offered specifics on his economic plan this afternoon.

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.


Filed under: Candidate Barack Obama
soundoff (160 Responses)
  1. S. Boatman

    Keep Up The Good Work Obama! You Have Mccain Right Where You Want Him! Dont Let Up! I Will Support You With My Vote!

    October 13, 2008 05:05 pm at 5:05 pm |
  2. Eric Cooper, GA

    @ Rob Kole, allow me to school YOU on a few things since you obviously think you know more than Senator Obama (the Columbia and Harvard Grad).

    You see, the Democrats already have a working majority in Congress, and based on the way things are trending right now, they may have an opportunity to achieve a 60-seat plateau for a filibuster-proof majority. In order words, if "that one" wants it, and it's good for America, so shall it be.

    Obama/Biden '08

    October 13, 2008 05:05 pm at 5:05 pm |
  3. Jimi NY

    AMERICA . . .

    We only have one more chance . . .

    OBAMA/BIDEN '08

    THE LOGICAL CHOICE . . . THE ONLY CHOICE!!!!!!!

    October 13, 2008 05:05 pm at 5:05 pm |
  4. Enough

    A what has MCCain offered since this financila crisis??? Erratic behavior, uncertainty, and indecisiveness. In short...lots of BULL!
    I am tired of MCCain and his circus act taking folks for granted. There is just a tiny amount of folks among your followers who fell of the turnip truck.

    October 13, 2008 05:05 pm at 5:05 pm |
  5. Enough

    And what has MCCain offered since this financial crisis??? Erratic behavior, uncertainty, and indecisiveness. In short...lots of BULL!
    I am tired of MCCain and his circus act taking folks for granted. There is just a tiny amount of folks among your followers who fell of the turnip truck.

    October 13, 2008 05:06 pm at 5:06 pm |
  6. independent in Texas

    Go Hillary...thanks Rachel !!! Its JOBS baby, JOBS !!!!
    White people power for Obama Biden...straight democratic ticket...
    D.Bradshaw
    Texas turning BLUE

    October 13, 2008 05:07 pm at 5:07 pm |
  7. mc indy

    just make sure everyone gets out the vote,,,thats whats going to win this election for Obama/Biden..its battleground states and the people in those states who support the one true obvious choice,,,,Obama/Biden...

    October 13, 2008 05:07 pm at 5:07 pm |
  8. Dallas TX - Latinos

    We salute you, PRESIDENT OBAMA

    Latinos for Obama !

    October 13, 2008 05:07 pm at 5:07 pm |
  9. Upenn Student

    These new ideas polices sound promising! Now if we can only get CNN to stop Harping on the so called BRADLEY effect, Maybe we will hear something of relevance like what economists have to say about Obama's plan. PLEASE CNN report the news DONT "create" it!

    October 13, 2008 05:08 pm at 5:08 pm |
  10. tulsa

    Rob Kole,
    Senator Obama will be able to do it because the congress won't have the same mix as it does now.
    We're looking at a complete, filibuster proof Demcratic majority with this election.
    That, "my friend" is how.

    October 13, 2008 05:08 pm at 5:08 pm |
  11. DebM, Allentown, PA

    Rob Kole...want to bet? Besides, remember who Obama's running mate is? The highly-respected Joe Biden. Obama picked him to solidify his ticket. He addresses any possible shortcomings in experience or tenure that Obama might have.

    And pray tell, remind me why McCain picked Palin? Because she has foreign policy experience? Because she's a pathological liar? Or because he thinks we're all stupid enough to take any woman instead of Hillary, or because he think enough men are stupid enough to vote for her because she's reasonably attractive?

    October 13, 2008 05:08 pm at 5:08 pm |
  12. Obama Supporter

    This man is SMART! He knows what he's doing and what's best for us. I wish people could see that and look PAST his race. GEEZ.

    October 13, 2008 05:10 pm at 5:10 pm |
  13. JuTon

    Rick from CT, I know you as well as others may disagree about the 401K and IRA additions but desperate times call for desperate measures. People are really struggling in this economy and in many cases we have to worry about today in order to see tomorrow...401K and IRA's are a great way to save and if I had to save for a tough time then I think now is definitely a tough time for many. I think Obamas plans are very solid and can help save many people bankruptcy, foreclosures and to get out of debt to save more money from their paychecks.

    Obama/Biden 2008 & 2012

    October 13, 2008 05:10 pm at 5:10 pm |
  14. kim hussein taylor portland, oregon

    "John McCain’s campaign told reporters on a Monday afternoon conference call that Obama’s plan would have little impact" — yet another example of mccain's POOR judgment in hiring his staff!!

    "adding that the Republican nominee would be unveiling economic proposals of his own on Tuesday."-aka, AFTER WE REWRITE OBAMA'S PLAN AND CLAIM IT AS OUR OWN!!!!

    obama's plan is the ANTI-republican way-it will work, it will help us regular americans, it will start us back on track for being the strong, respected country we ONCE were (7 1/2 years ago)... it's VERY non-republican, exactly what we NEED!!!!

    October 13, 2008 05:12 pm at 5:12 pm |
  15. Andy - Atlanta, GA

    While the McCain campaign plots & schemes the next attack, this is what the Obama camp has been upto! Formulating a rescue plan for the average Joe.

    Simply amazing, the contrast between these two campaigns. I'm certain the country will unite, & prosper under President Barack Obama!

    October 13, 2008 05:12 pm at 5:12 pm |
  16. MD, TX

    Dear Greg in mpls.

    I think you're right. An Obama administration will have a solid democratic majority in both the House and Senate. This is why the country is going to go through 8+ years of quasi-depression as Obama, Pelosi and Reid systematically distroy the economy without any real opposition.

    October 13, 2008 05:14 pm at 5:14 pm |
  17. Obama Supporter

    Notice how McCain NEVER comes up with a plan first...

    October 13, 2008 05:14 pm at 5:14 pm |
  18. Jerry, Illinois`

    John McCain is looking more like Hugh Hefner every day
    except without the bathrobe. Likes the young ladies standing
    around him.

    October 13, 2008 05:14 pm at 5:14 pm |
  19. tulsa

    Nobama,
    YES IT"S GREAT news....

    And why did it happen?

    Because economic leaders from all over the world got together and are moving in unison. Buying into banks and injecting money into the system.

    EXACTLY what OBAMA wanted to do! and what the Republican party has been against for decades.

    Wise up. Vote Obama 08

    October 13, 2008 05:14 pm at 5:14 pm |
  20. Accountant Guy

    Awesome job President Obama. Once again you prove why you deserve to be our Presdient!!

    Obama/Biden '08

    October 13, 2008 05:14 pm at 5:14 pm |
  21. jrzshor

    as a rich guy according to obama (and one who struggles to pay the mortgage, the kids tuition, gas for the 2 suv's and the hawaiian vacation) I do not like to think that people who could never have bought a house years ago because they had no incomes can now cry a little and keep their houses. And with my to be increased federal, state, local taxes, property tax increases, the local "fees" going higher, along with stagnate salary, who will help me?

    October 13, 2008 05:19 pm at 5:19 pm |
  22. Accountant Guy

    I like many, would like to know why CNN is not reporting more on Palin being found guilty of abusing her power!!

    Obama/Biden '08

    October 13, 2008 05:20 pm at 5:20 pm |
  23. jeff

    Obama is ahead in the polls because of all the voter fraud the ACORN organization is going!! At least McCain hasn't stooped that low!

    October 13, 2008 05:20 pm at 5:20 pm |
  24. Serge the Dem

    As much as it gladdens me to hear Obama is ahead in the polls, please remember... the president is not elected by the popular vote, but instead by an ELECTORAL COLLEGE. This practice should be abolished, as it could easily undermine the will of the people.

    October 13, 2008 05:20 pm at 5:20 pm |
  25. Laura, Boston

    So what did Obama say he would do. Allowing people to take from their 401(k) and IRA isn't the greatest idea I've ever heard.

    Your article said that most of what Obama proposed Congress already has the authority to do so the more important question Senator is why don't you encourage Reid and Pelosi to do whatever it is you are proposing instead of just talking about it.

    McCain had the RMD idea which is a good idea since it affects seniors who cannot afford to lose money after saving for a lifetime and to be taxed on that very money. That makes sense to me!

    McCain also plans on laying out his economic package tomorrow. We will then be able to judge who has the better package. I just don't think the IRA idea was enough. Not everyone has IRA or 401(k) savings.

    October 13, 2008 05:21 pm at 5:21 pm |
1 2 3 4 5 6 7