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

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

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/10/13/obama1.jpg caption=" 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. White woman of 63 for Obama from Day 1.

    THE ADVANTAGE!!! Obama? Oh, good! Americans are listening to
    the issues!!!!!! Most important vote of our lifetime!!!1

    Obama Biden 2008 or we sink!!!

    October 13, 2008 04:44 pm at 4:44 pm |
  2. ohio

    good i love this guy

    October 13, 2008 04:45 pm at 4:45 pm |
  3. Mel B.

    This coming from a bi-racial women in SC. We are the worst in the country on education and health care. I know both parties were campaigning heavily in NC but what about SC. Are Obama and McCain not campaigning here because this state has been presumably been won by McCain already so that there is no need? Though the voter's registration deadline has come and gone did either one of them realize how many unregistered voters we have in this state or do we matter?

    As of now my vote goes to Obama. I have not heard one thing from the McCain-Palin campaign that benefits the other half of my culture what I have heard with the racial innuendos I am very ashamed of them. This is 2008 granted there is still racism in America and I believe sadly there always will be, but in a presidential campaign there is no room for that. It is sad to know that people will not vote for a good man just because of the color of his skin. Jesse Jackson is a black man and Bill Clinton won the black vote hands down, so in my book African Americans are not voting for him just because he is black.

    October 13, 2008 04:45 pm at 4:45 pm |
  4. Independent voter

    Keep talking positive Senator. Talk about important issues that affects our daily living.

    October 13, 2008 04:45 pm at 4:45 pm |
  5. Bill

    Gee, Obama ahead in FL, MI, and WV.

    I thought the Hillary supporters said he could never win those states.

    October 13, 2008 04:45 pm at 4:45 pm |
  6. Baze

    The organization on this ticket is so strong.


    October 13, 2008 04:45 pm at 4:45 pm |
  7. No McCain

    Right onnnnnnnnnnn...

    OBAMA for President....

    October 13, 2008 04:46 pm at 4:46 pm |
  8. Spencer/Commonwealth of Virginia

    President elect Obama giving the American people a solution and looking very presidential. While McCain is trying to do damage control and not addressing any issues. That's not leadership. War hero, yes, leader you are not!


    Change I Can Believe In

    October 13, 2008 04:47 pm at 4:47 pm |
  9. Praying to God for an Obama Victory

    I saw Barack Obama speak this weekend in Philadelphia. After the speech, he worked the crowd for a while and then went into a diner. The crowd waited for him to emerge from the diner, but he left through the back parking lot.

    What he then did was amazing: instead of driving out with his motorcade, he actually walked down the street (which was blocked off) and met with all the residents in the neighborhood. He came to them. He WALKED down the street and the motorcade followed him.


    October 13, 2008 04:49 pm at 4:49 pm |
  10. Rick CT

    Allowing people to raid their own retirement accounts is a dumb idea. At least Obama will be long gone by the time the government has to make up the difference when they don't have enough to retire on.

    October 13, 2008 04:49 pm at 4:49 pm |
  11. Rob Kole

    Note to Senator Obama,

    If the senate won't do it you as President can not do it either. Anything you request must go through the House and Senate. In addition if you veto a bill they house and Senate can overide it. That is how it works and you have not been a US senator long enought to get the contacts you need to get things done in the Senate.

    October 13, 2008 04:49 pm at 4:49 pm |
  12. ANGIE

    Now thats a President! Talking about US, US people now while Obama is laying out a plan lets watch Mccain try to clean up his campaign dig himself out of the hole and pretty much sink futher and futher away from the white house Good Job Barack keep it up!!!

    October 13, 2008 04:50 pm at 4:50 pm |
  13. N.S of Huntsville, Al

    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.




    October 13, 2008 04:51 pm at 4:51 pm |
  14. matt in pittsburgh

    someone please tell me how obama is going to pay for all of these election bribes without raising everyone's taxes? unless of course this is all just electioneering with no intent to keep any of these promises.

    October 13, 2008 04:51 pm at 4:51 pm |
  15. Farrell, Houston, Tx

    I want to see the hard working honest people of my birth place of Ohio boom again. We were the home of National Cash Register company, Frigerdare, tire companies, steel and many other major industries and now they are gone. I go home to visit and I don't like it when I see people out of work and in some cases without hope and they like many Americans don't deserve what has happened to them. Enough is enough.

    October 13, 2008 04:51 pm at 4:51 pm |
  16. Republican Voting OBAMA

    This is what a president should be doing, laying out the direction that the country needs to be going. Not 4 more years of Bush/McCain

    Obama/Biden 08/12

    October 13, 2008 04:51 pm at 4:51 pm |
  17. David in Illinois

    CNN: Why have you been running the same old story about the "Bradley effect" for months now? We get it! Some white people won't vote for black people.
    Why in the world won't you report on newest research showing the "reverse Bradley effect," meaning there are many people out there who say they won't vote for Obama but really have plans to do so???
    Now that's a NEWS story. What's CNN's agenda on the constant reporting of the same exact question????

    October 13, 2008 04:52 pm at 4:52 pm |
  18. Maggie from Virginia

    The McCain camp is so funny. If it wasn't for the free comedy they provide daily, they wouldn't be of any use at all. Could they at least elaborate on why they think Obama's plan would have little impact?

    October 13, 2008 04:52 pm at 4:52 pm |

    Since the moronic ditto heads were blaming Obama for the market declines last week, I will have to point out that the Dow rose over 900 points when Obama released his :Economic Rescue Plan"!

    October 13, 2008 04:52 pm at 4:52 pm |
  20. Latina for Obama (nj)

    Very Presidential!

    October 13, 2008 04:52 pm at 4:52 pm |
  21. Kenneth

    Obama's doing exactly what he did to Hillary the last leg of the primary. He started moving towards the next step, making his opponent more insignificant and leaving them in the dust. He is already making presidential decisions and leaving McCain behind. That's the way to finish them off! Go Obama!

    October 13, 2008 04:53 pm at 4:53 pm |
  22. Kelby from Houston, TX

    It's amazing. I see article after article month after month for the past two years. Every where he goes, he talks about his plan or he's outlinging specific details. He's telling people what he's going to do when he gets in office AND STILL the best and most common response by these paid bloggers and other detractors of Obama is "he gives a great speech but he has no plan" they always say this. Great speech no substance...the people who are voting against Obama don't listen to him.
    They don't want to know his plan.
    They don't want to listen.

    I try to keep an opened mind and at least I give the opposition a chance to change my mind. I give them the chance to persuade me.
    Why won't you?
    Visit Obama's website. I visited McCain's website. First thing I saw was Palin (weird) Read about his plan and what he wants to do. Educate yourself on your opponent. Make an educated choice. The information is out there just take the time and go through what interests you. You might find that Obama is the better choice. You might stop hate-ing....(I got Hope) But please don't ignore the facts. please stop being ignorant.

    THAT ONE '08

    October 13, 2008 04:53 pm at 4:53 pm |
  23. George James

    Goodluck Obama!I am afraid of the stupid policies of McCaine.Adding insult to injury, there is Sarah Palin!!!

    October 13, 2008 04:53 pm at 4:53 pm |
  24. That one is Karl Marxs friend too

    OK.. Just tell me how this package stimulates JOBS??? Not one of the points will stimulate jobs. He proposes a $3000 Tax Credit to businesses that he will then tax much higher than the year before? How does this stimulate jobs??? When will you people ever get it?

    He does not walk the walk. Never before has he been anything but left on his views? His voting record although slim experience it will be? Tax and spend. What is wrong with you people? Sheep.. Drink the Koolaid..

    October 13, 2008 04:53 pm at 4:53 pm |
  25. Jim D

    McCain will reveal his plan two weeks ago. Then at the debate he throws out a half-baked, illegal idea about the government buying mortgages at face value (hello Socialism), then he was going to give us a plan over last weekend. Now it's Tuesday.

    Incompetent old man.

    October 13, 2008 04:54 pm at 4:54 pm |
1 2 3 4 5 6 7