Friday, October 17, 2008

Economics: Obama

Obama is concerned about the financial situation of regular Americans. He offers a $ 75 million dollar plan that would offer a $500 tax rebate to families and $250 SS supplement to seniors. He also offers to put more money into unemployment insurance. He would pay for this by enacting a windfall profits tax on the oil companies in order to improve financial position of the American families. Obama also wants to provide $50 million to jumpstart the economy and prevent job losses. He believes we should prevent state and local cuts in health, education and housing. But his main objective remains providing relief for middle class families (tax cut and eliminate taxes for seniors making less than $50K)
I think his plan will definitely impact me and many other Americans because the majority of us do not own large companies and are largely affected by the financial crisis. Slowing down the decrease in jobs and helping families through the crisis will most definitely attract many Americans to vote for him.
I would like Obama to set aside more attention to the student loans issue, because it matters to many of the young generation. I didn
t find anything about student loans on his website and currently that is the issue that most troubles me because I cannot go to a private college without a loan. I wish he would address that issue as well.
Yuliya Kozachenko

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