October 14th, 2008
03:50 PM ET
6 years ago

Obama weighs in on McCain plan

Sen. Obama campaigned in Ohio Tuesday.
Sen. Obama campaigned in Ohio Tuesday.

DAYTON, Ohio (CNN) – Before heading to greet workers during a shift change at a local factory, Barack Obama told reporters the government’s plan to buy shares in the nation’s banks was “a good one.”

The plan “gives taxpayers a better chance of getting their money out,” he said. “It also gives the treasury some more direct mechanisms to monitor and apply some ground rules to participating banks.”

Watch: Obama lays out his plan to help the middle class and the economy

Obama said he was still “concerned” about “cracking down on excessive CEO pay” and wanted to make sure that was part of the Treasury Department’s plan going forward. He also said he wants the discussion about “guarantees to bank loans” to continue as that might help loosen credit for small business owners.

The Democratic nominee said he had yet to fully review the $52 billion economic plan John McCain put forward Tuesday, but said a heavy emphasis on a capital gains tax cut did not seem like a sound idea.

“I will tell you that nobody really has capital gains right now," said Obama. "So if the idea is to cut capital gains taxes - when I don’t know anybody, even the smartest investors who right now are going to be experiencing a lot of capital gains - that probably is not going to be particularly useful in solving the financial crisis.”


Filed under: Candidate Barack Obama • Economy • John McCain
September 9th, 2008
02:03 PM ET
6 years ago

Obama says he's not worried over Palin poll surge

Obama tells reporters he's not worried about Pailn's popularity.
Obama tells reporters he's not worried about Pailn's popularity.

RIVERSIDE, Ohio (CNN) – Senator Barack Obama told reporters he is not concerned about the spike in enthusiasm among Republicans since Governor Sarah Palin joined the GOP ticket, or recent polls showing a dead-even race.

“My general approach throughout this process has been not to worry about today’s news or yesterday’s polls but worry about what is it where is it that I want to see the country what is it that I’m trying to accomplish,” said Obama at a press conference in Riverside, Ohio. “I know that after our convention we had a bump, after theirs they get a bump. I think that what you’re going to see settling in, is that the race is going to be very close.”

The Democratic nominee, asked whether he wished he had picked a female running mate given some polling data that indicates women are flocking to the McCain-Palin ticket, said he had no regrets.

Earlier: New CNN poll shows Obama-McCain dead even

“The notion that people are swinging back and forth in a span of a few weeks or a few days this wildly generally isn’t borne out,” said Obama. “These are the same polls that had me 20 down last summer that have swung wildly throughout this process. There is no doubt that Governor Palin has attracted a lot of attention.

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Filed under: Candidate Barack Obama
September 9th, 2008
12:41 PM ET
6 years ago

Obama lukewarm on Iraq drawdown announcement

President Bush announced that he plans to withdraw 8,000 U.S. troops from Iraq by February, 2009 .
President Bush announced that he plans to withdraw 8,000 U.S. troops from Iraq by February, 2009 .

RIVERSIDE, Ohio (CNN) – Senator Barack Obama said Tuesday the Bush administration’s announcement it was bringing some U.S. troops home fell short, calling it a “modest” step that indicated no real change in policy.

“At this point what it appears is the next president will inherit a status quo that is still unstable, Obama told reporters at a high school outside Dayton. “And what’s going to be required is a comprehensive strategy, and that’s what I’ve been offering for the last two years.

“We should have a comprehensive strategy for bringing this war to a close and not what we heard from president today, which is essentially some tinkering around the edges and kicking the can down the road to the next president.”

Obama gave lukewarm praise to the president’s announcement that more U.S. troops will be sent to Afghanistan, something the Democratic Party’s presidential nominee routinely calls for in his stump speech.

“I am glad that the President is moving in the direction of the policy that I have advocated for years. But the most substantial increase will come when an additional Army brigade is deployed five months from now – in February, after the President has left office. His plan comes up short – it is not enough troops, and not enough resources, with not enough urgency,” he said.

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Filed under: Candidate Barack Obama