Presidential Canadidates Economic Plans: Barack Obama
February 20, 2008 by Miranda Marquit
Filed under Finance
Yesterday we tool a brief and basic look at the economic plans offered by Hillary Clinton. Today we look at those offered by her rival for the Democratic nomination, Barack Obama.
Basics of economic plans offered by Barack Obama
- Economic stimulus in the green economy by providing more green sector jobs.
- Infrastructure bank that would help pay for improvements to bridges, roads and waterways.
- Save money by ending the Iraq War.
- Raise taxes on corporations and get rid of tax breaks for the wealthiest Americans.
- Refundable tax credit for college tuition ($4,000 per year).
- Public insurance program offering a similar plan available to government employees.
What do you think of economic plans from Barack Obama?
I’m leaning very much in Obama’s direction. His ideas, the way I see them, are more concerned about our survival. I do like a couple of Clinton’s ideas —
# Save money by taking away subsidies for oil firms and drug companies.
# Overhaul credit card regulations to limit sudden rate hikes and high fees.
Obama may just pick these up. In fact, he should.
McCain is just too… corporate America rather than having his focus on the American citizens. Corporate America is important, but we need a more “human” approach.
Thanks for sharing your insight! I agree that it would be nice to rein in the credit card industry a little more. Obama, I think, already plans to take away some subsidies in order to help pay for his programs.
But there is no denying the President Bush has presided over the largest government expansion in history, and taken deficit spending to new levels.