Today, Obama rolled out a new economic stimulus plan. The new plan would cost $60 billion over the next two years. The main points of the plan include:

- 90-day moratorium on foreclosures for homeowners making good-faith efforts to pay their mortgage.

- $3,000 tax credit for companies for each new job created in the U.S. over the next two years.

- Penalty free withdrawals from 401(k) and IRA retirement accounts up to$10,000 for the next two years.

Source: Truly Newsworthy, www.TrulyNewsworthy.com

I think this is a good start. I know McCain is also reworking the dialogue of his campaign. I heard his new stump speech today. It sounds much better than previous speeches. I still think anything can happen in this election.

how about eliminating the Income tax, enact a consumption tax and put a constitutional limit on it. Start backing our money with gold again. Let the businesses with bad ethics fail, then our economy will be strong again. Taxation and hand outs are never the answer. It only makes you more people more dependent on a government whos very nature is corrupt.

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*Sarcasm inserted.
"Government 'help' to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off."-Ayn Rand
"The Constitution is not neutral. It was designed to take the government off the backs of people." William O. Douglas
I'm a Tarheel born, I'm a Traheel bred, and when I die I'm a Tarheel dead!.
Proudly Born in the #2 Manliest city in the U.S.

Yeah, anything, like proposing silly new incentives like 90 day moratoriums in a market where there supposedly already is a shortage of cash on hand. That ought to help out alot.

Good to see ya Bloodphart! Been awhile!!!

You miss the point of the liberal progressive, which is to make more people dependent on government, its called buying votes.

yea...i've been depressed about our contry lately.....it's going down fast thanks to Washington and our idiot electorate....but whatever...And i've been too involved in Fantasy Football....lol

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*Sarcasm inserted.
"Government 'help' to business is just as disastrous as government persecution... the only way a government can be of service to national prosperity is by keeping its hands off."-Ayn Rand
"The Constitution is not neutral. It was designed to take the government off the backs of people." William O. Douglas
I'm a Tarheel born, I'm a Traheel bred, and when I die I'm a Tarheel dead!.
Proudly Born in the #2 Manliest city in the U.S.

The only problem i see is where is he going to get the money according to the http://www.usbudgetwatch.org/ both mccain and obama plans are in the red http://www.usbudgetwatch.org/files/c...205%202008.pdf

the deeper we go into dept the more investers get worried

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Eagles don't flock, you have to find them one at a time. Ross Perot
If you see a snake, just kill it - don't appoint a committee on snakes. Ross Perot

Good idea and much much less expensive than McCain's plan that the taxpayer cover the cost of failed mortgages.

Smart - most new jobs are created by small and medium sized businesses where 3K per hire means something. Great economic boost.

Good idea - don't punish Joe Six-Pack for having to dig into savings because the economy is screwed up by others.

Tax fee withdrawals is silly, the market is hurting as it is. Let's provide policy that incents the creation of more pain. 401k loans are already readily available if someone needs the money.

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Obama The Naive: “To those who cling to power through corruption and deceit and the silencing of dissent we will extend a hand if you are willing to unclench your fist.’’ The Iranian response? “The Great Satan now has a black face.’’

This will undermine any confidence left in the mortgage industry. Foreclosure is something that neither the banks nor the lendees want, but it is the only tool of last resort the bank has. Now you are adding 3 months to an already extensive process.

Once again, will this not support a flood of investment securities on the market. This will then force the market further down, not to mention a drying up of investment capital. This natural affect will then force others to lock in a solid loss with the sell of their 401k. I have never heard of such an idea to take out a long term investment for the future, to further burden America's corporations with deflated value all to prop up a service economy that is living beyond its means.

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I find it to be near impossible for someone to have a valid perception of reality and maintain a clear and consistent preference of one political party over another.