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.
Why is it that MkKain only has something to say on the economy when Obama proposed something substantive?
Once again, he's all set to announce some new grand "plan" (which no doubt will kick Obama's you know what...)
Sad old guy needs to go home and put his feet up in front of the fire and warm Cindy up a bit...
This election is global, it's not just about America. We need a leader that understands you need to talk to other countries. What's the use of talking is you're already doing what I want. Obama is the leader to lead us in the 21st century not McCain. Under McCain we would keep fighting for oil and lying to the american people telling them it's about terrorism.
Dear CNN, please do a story exposing John McCain's co-founding of a radical extremist group called PNAC or "The Project for the New American Century". John McCain has long been a major player in a radical militaristic group driven by an ideology of global expansionism and dominance attained through perpetual, pre-emptive, unilateral, multiple wars. The credo of this group is “the end justifies the means,” and the end of establishing the United States as the world’s sole superpower justifies, in its estimation, anything from military control over the information on the Internet to the use of genocidal biological weapons. Over its two terms, the George W. Bush administration has planted the seeds for this geopolitical master plan, and now appears to be counting on the McCain administration, if one comes to power, to nurture it.
I am so happy to see that he is stepping up with a plan that is clear. We need a leader and Obama is a true leader. We need a new direction for our country and Obama will move us in a new direction. We must learn from our past, and Obama pays attention to where we have been and understands that the world has changed, and we have to change with it. All things in life must evolve; anything/anyone that cannot adjust to change will become like the dinosaur – extinct!
What a joke. Bait and switch. If you really look at Obama's programs and proposals, he is really pulling one over on the American people. I hope everyone really takes a look at how unrealistic his plans are and how he continually contradicts himself.
Ohio will turn blue this year, no doubt about it, that's the only way to bring the jobs back.
Obama/Biden will fix the economy and bring back the jobs.
Landslide OB/B 08/12.
David October 13th, 2008 5:56 pm ET
I never thought that I would live to see the day when Americians would vote for a man whose middle name is HUSSEIN. Where have we gone?
We've gone away from ignorant racism that looks more at a man's skin color and his name than his character and what he can do for his country, THAT'S where we have gone...unless you're a McCain supporter at one of his rallies..
FINALLY, a President we can be proud of who cares about "we, the people" and wants to 'form a more perfect union', establish justice for all and 'promote the general welfare' for all of us, not just those who have lobbyists and special interests in Washington. Thank-you Senators Obama and Biden for making the commitment you have to our country. We so appreciate you both and your families. We feel extremely blessed and pray for you all often, because we know you are going to need it.
WE LIKE THOSE THINGS CALLED JOBS.
AND WE DO A GOOD JOB ON OUR JOBS,
WHEN WE HAVE THEM. AND WE DON'T
MIND IF WE DON'T HAVE 12 HOUSES & 13 CARS.
WE WOULD BE HAPPY WITH ONE CAR & ONE HOUSE,
THAT THE BANK DOES NOT REPOSES.
thank you senator obama! we need your help! mccain has nothing to offer those of us in need!
Why doesn't Obama quite talking about issues and giving some ideas for solutions. Doesn't he realize he's hurting John McCain and Sara palin.
You would think Obama would show some courtesy to disadvantaged people like John and Sara and quit showing them up by looking so presidental and having so much stature. Same on you Obama.
CNN I have been emailing,asking why the coverage and discussion on ayers and the tight lip on troopergate? What threats has the McCain camp made against you? 10 Rep and 4 Dem board members found her guilty of abuse of power.
If you won't report..at least allow us to comment.
I am not from OH, but I am from a state that borders OH (KY) and I hope Obama carries the state. McCain/Palin have not a clue!
I like Obama Biden. What a great team.
Take a deep breath, folks, because we are not used to someone
telling us the truth. That is what we deserve, the truth....................
Obama Biden 2008 ALL THE WAY. I'm gonna dance in the streets on
election day when Obama wins!!!!!!!!!!!!! America needs this. We deserve a break from the lies.
What has happened to the American press? Back when reporters were hired for their journalistic integrity and not party affiliation we never would have gotten such one sided bias reporting as we have had in this election. I guess the anger over the 2000 election and 8 years of Bush have produced this kind of intellectual desperation in the minds of those who feel they should have won Now because of that we’ll end up with the Democratic version of Bush. I hope Barack Obush proves me wrong, but I’m guess 4 years from now these same reporters will be look themselves in the mirror and tell themselves once again how the ends justify the means.
Anyone catch the video clip of the Ohio plumber questioning Obama's raising his taxes. You clueless Obama supporters need to go back to Kenya and take him with you. I'm sure ACORN will finance your trip.
I think these are great ideas. For those of you who are poo pooing all over the $3K tax credit, think about it this way, based on a salary of $30K per year, it is a 10% savings. $30K is actually a pretty big salary for most small business so it is an even greater savings to most businesses.
Regarding the ability to pull out of your 401(k), if I were risking the chance of losing my home, you bet I want to be able to pull out of my 401(k). $10K shouldn't break anyone's retirement. Anyone who has less than $10K either is very young or probably started investing too late.
Obama's first house was over a million dollars.
Yeah, he feels our pain.
Is it at all possible that the 'market hacker' had anything to do with this uproar. And is it at all possible that extremists are taking advantage of the market right now and buying everything up? Could this have all been the plan all along.
Just a thought.
Woman of 63 you'll be crying in the streets if Obama's Economic Reform goes through. For one thing if you think $3,000 tax credit, do you think companies that are already suffering laying people off, are going to hire more employees, because the $3k credit. What planet are you living in or what 3rd world nation are you from. Obama's plan is ridiculous. He's got you hoodwinked, he's pulling the rope-a-dope on you...
I thought McCain was announcing his plan today. I think he needed to hear Barack's plan first so he could reword it and steal it.
Great work Barack!
I can't wait to vote. I am so happy we vote by mail here in Oregon. I will be first in line to turn my vote for Barack Hussien Obama for President of the USA!
Obama good job. OBAMA/BIDEN 08&12
I wouldn't vote for Obama if he were the only candidate running.
NJ – Get your fact straight. The family did not ask him to stop wearing the bracelet, what they wanted was not to politicize their son's sacrafice which is what McCain does with his.
As for your other statements that you repeat without knowing the truth, Obama does salute the flag and recites the pledge of allegence.
As for serving this country, not everyone serves this country in the military. Obama, who could have taken a high paying job right out of college decided to take a very low paying job working to help the poor and unemployed get back on their feet. What have you done for your country?
As for your idiotic comments about freeloaders, as a lifelong dem, I have worked and supported myself since I was 16 years old. I certainly don't stay at home collecting freebies.
So you think that the tax breaks that Bush gave big business and the wealthy worked? Where are all the jobs? Overseas while the fat cats at the head of big business line their pockets with the extra cash that they did not ask for.
Obama gives me such confidence that we might actually survive this mess the GOP created. McCain once again is reacting to Obama's leadership and is going to come up with "a plan tomorrow." Obama talks about us–McCain talks about McCain.