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Obama focuses on economy

Posted by Foon Rhee, deputy national political editor June 2, 2008 02:15 PM

In the state with the nation's highest unemployment rate, Democrat Barack Obama said this afternoon that his likely Republican foe John McCain just wants to talk about Iraq "instead of offering real solutions" to the nation's economic woes.

Obama reminded a rally in Troy, Mich., of McCain's comments earlier in the campaign that economics wasn't his strong suit, then declared, "It will be my interest and my priority when I am president of the United States of America."

The Illinois senator said the choice in this election is whether to continue the Bush administration's failed economic policies and to stay mired in a war in Iraq costing $10 billion a year that could be better spent a home.

"I believe strongly we're on the wrong path," Obama said. "....Few understand the need for change more than the people in Michigan."

UPDATE: Tucker Bounds, a McCain spokesman, responded: “In Michigan, a state he’s largely ignored, Barack Obama appears desperate to divert attention from his weak judgment on foreign policy. Barack Obama failed to support the ‘surge’ strategy that drastically reduced violence in Iraq, he’s failed to meet with General Petraeus, and failed to see the conditions first-hand in Iraq for 875 days. With a miserable absence of dealing with the on-going issues in Iraq, Barack Obama’s shift in focus amounts to little more than damage control.”

Obama, who is on the verge of clinching the Democratic nomination, only mentioned his rival Hillary Clinton in passing, saying that she had run an "outstanding race" and calling her an outstanding public servant, and reassuring those who fear a divided party.

"She and I will be working together in November," Obama said.

19 comments so far...
  1. So exactly WHAT will Obama do for Michigan? All I see is he'll bring "change". So what does that mean?

    Posted by None of the Above 08 June 2, 08 01:35 PM
  1. So, what is McCain offering? 4 more years of Iraq with millions of gallons of gas pumped in to military bases. So, if you are in Michigan, how McCain is going to help your sinking auto industry?

    Posted by Sean June 2, 08 01:51 PM
  1. The Clintons had again moved the goalposts in getting the Michigan and Florida delegates seated, and Obama has again to prove he has won the nomination. This is like the sixth time the goalposts have been moved. More of this refusal to give him the victory after he has won FAIR and square by every metric--including the popular vote--and this senior citizen Asian American feminist will lose her cool and ignore the Obama campaign's pleas to be reconcilatory. Millions of us citizens will march to Washington DC to demand that the Clinton dynasty be forced out of town and that the winner be named. Enough with cowardice in the face of Clinton bullying and dynastic entitlement! The US is a democracy where the Constitution and rule of law reign, not Bill and Hill. The Party elders should pay attenttion to our escalating frustration. The next civil war will be in the Democratic Party.

    Posted by lin June 2, 08 01:56 PM
  1. All he (Barrach Obama) has to do is resind all the bills and tax bills Bush got passed on his watch and he will be the greatest president we've had in 50 years.

    Posted by wlbill June 2, 08 01:58 PM
  1. Exactly

    Posted by hudson June 2, 08 01:58 PM
  1. Go to his website and read his economic policies or better yet listen to the Michigan speech. Don't troll when you have done no research

    Posted by Bryan June 2, 08 02:12 PM
  1. Good question. I live in Illinois, which is the state he is supposed to be serving. Our economy is in trouble, and much of our funding has been cut. County and state jobs in my town have been deleted. He's not kidding when he says that economics is not his strong suit!

    Posted by Renee Adams June 2, 08 02:15 PM
  1. Change means:

    Tuition credit of $4,000 pa for every university student willing to do community service.

    Reversing the tax cuts for 2% of Americans businessmen which John McCain wants to increase and extend.

    Tax cut of $1000 per year to those making less that $75k

    No income tax for seniors making less than $50,000

    Transitioning to new industries and green technologies

    Funding for the 50 states of America not Iraq

    Affordable healthcare for all

    Open government

    Posted by Yiannis June 2, 08 02:16 PM
  1. From his website, #1:
    http://www.barackobama.com/issues/economy/#tax-relief

    Barack Obama's Plan
    Provide Middle Class Americans Tax Relief
    Obama will cut income taxes by $1,000 for working families to offset the payroll tax they pay.

    Provide a Tax Cut for Working Families: Obama will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will completely eliminate income taxes for 10 million Americans.

    Simplify Tax Filings for Middle Class Americans: Obama will dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes. Obama will ensure that the IRS uses the information it already gets from banks and employers to give taxpayers the option of pre-filled tax forms to verify, sign and return. Experts estimate that the Obama proposal will save Americans up to 200 million total hours of work and aggravation and up to $2 billion in tax preparer fees.

    Trade

    Obama believes that trade with foreign nations should strengthen the American economy and create more American jobs. He will stand firm against agreements that undermine our economic security.

    Fight for Fair Trade: Obama will fight for a trade policy that opens up foreign markets to support good American jobs. He will use trade agreements to spread good labor and environmental standards around the world and stand firm against agreements like the Central American Free Trade Agreement that fail to live up to those important benchmarks. Obama will also pressure the World Trade Organization to enforce trade agreements and stop countries from continuing unfair government subsidies to foreign exporters and nontariff barriers on U.S. exports.

    Amend the North American Free Trade Agreement: Obama believes that NAFTA and its potential were oversold to the American people. Obama will work with the leaders of Canada and Mexico to fix NAFTA so that it works for American workers.
    Improve Transition Assistance: To help all workers adapt to a rapidly changing economy, Obama would update the existing system of Trade Adjustment Assistance by extending it to service industries, creating flexible education accounts to help workers retrain, and providing retraining assistance for workers in sectors of the economy vulnerable to dislocation before they lose their jobs.

    Technology, Innovation and Creating Jobs

    Obama will encourage the deployment of the most modern communications infrastructure to reduce the costs of health care, help solve our energy crisis, create new jobs, and fuel our economic growth.

    Support Job Creation: Barack Obama believes we need to double federal funding for basic research and make the research and development tax credit permanent to help create high-paying, secure jobs. Obama will also make long-term investments in education, training, and workforce development so that Americans can leverage our strengths - our ingenuity and entrepreneurialism - to create new high-wage jobs and prosper in a world economy.

    Invest in U.S. Manufacturing: The Obama comprehensive energy independence and climate change plan will invest in America's highly-skilled manufacturing workforce and manufacturing centers to ensure that American workers have the skills and tools they need to pioneer the first wave of green technologies that will be in high demand throughout the world. Obama will also provide assistance to the domestic auto industry to ensure that new fuel-efficient vehicles are built by American workers.

    Create New Job Training Programs for Clean Technologies: The Obama plan will increase funding for federal workforce training programs and direct these programs to incorporate green technologies training, such as advanced manufacturing and weatherization training, into their efforts to help Americans find and retain stable, high-paying jobs. Obama will also create an energy-focused youth jobs program to invest in disconnected and disadvantaged youth.

    Boost the Renewable Energy Sector and Create New Jobs: The Obama plan will create new federal policies, and expand existing ones, that have been proven to create new American jobs. Obama will create a federal Renewable Portfolio Standard (RPS) that will require 25 percent of American electricity be derived from renewable sources by 2025, which has the potential to create hundreds of thousands of new jobs on its own. Obama will also extend the Production Tax Credit, a credit used successfully by American farmers and investors to increase renewable energy production and create new local jobs.

    Deploy Next-Generation Broadband: Obama believes we can get broadband to every community in America through a combination of reform of the Universal Service Fund, better use of the nation's wireless spectrum, promotion of next-generation facilities, technologies and applications, and new tax and loan incentives.

    Protect the Openness of the Internet: Obama supports the basic principle that network providers should not be allowed to charge fees to privilege the content or applications of some web sites and Internet applications over others. This principle will ensure that the new competitors, especially small or nonprofit speakers, have the same opportunity as big companies to innovate and reach large audiences.

    Invest in Rural Areas: Obama will invest in rural small businesses and fight to expand high-speed Internet access. He will improve rural schools and attract more doctors to rural areas.

    Labor

    Obama will strengthen the ability of workers to organize unions. He will fight for passage of the Employee Free Choice Act. Obama will ensure that his labor appointees support workers' rights and will work to ban the permanent replacement of striking workers. Obama will also increase the minimum wage and index it to inflation to ensure it rises every year.

    Ensure Freedom to Unionize: Obama believes that workers should have the freedom to choose whether to join a union without harassment or intimidation from their employers. Obama cosponsored and is strong advocate for the Employee Free Choice Act, a bipartisan effort to assure that workers can exercise their right to organize. He will continue to fight for EFCA's passage and sign it into law.

    Fight Attacks on Workers' Right to Organize: Obama has fought the Bush National Labor Relations Board (NLRB) efforts to strip workers of their right to organize. He is a cosponsor of legislation to overturn the NLRB's "Kentucky River" decisions classifying hundreds of thousands of nurses, construction, and professional workers as "supervisors" who are not protected by federal labor laws.

    Protect Striking Workers: Obama supports the right of workers to bargain collectively and strike if necessary. He will work to ban the permanent replacement of striking workers, so workers can stand up for themselves without worrying about losing their livelihoods.

    Raise the Minimum Wage: Barack Obama will raise the minimum wage, index it to inflation and increase the Earned Income Tax Credit to make sure that full-time workers earn a living wage that allows them to raise their families and pay for basic needs.

    Protect Homeownership and Crack Down on Mortgage Fraud

    Obama will crack down on fraudulent brokers and lenders. He will also make sure homebuyers have honest and complete information about their mortgage options, and he will give a tax credit to all middle-class homeowners.

    Create a Universal Mortgage Credit: Obama will create a 10 percent universal mortgage credit to provide homeowners who do not itemize tax relief. This credit will provide an average of $500 to 10 million homeowners, the majority of whom earn less than $50,000 per year.

    Ensure More Accountability in the Subprime Mortgage Industry: Obama has been closely monitoring the subprime mortgage situation for years, and introduced comprehensive legislation over a year ago to fight mortgage fraud and protect consumers against abusive lending practices. Obama's STOP FRAUD Act provides the first federal definition of mortgage fraud, increases funding for federal and state law enforcement programs, creates new criminal penalties for mortgage professionals found guilty of fraud, and requires industry insiders to report suspicious activity.

    Mandate Accurate Loan Disclosure: Obama will create a Homeowner Obligation Made Explicit (HOME) score, which will provide potential borrowers with a simplified, standardized borrower metric (similar to APR) for home mortgages. The HOME score will allow individuals to easily compare various mortgage products and understand the full cost of the loan.

    Create Fund to Help Homeowners Avoid Foreclosures: Obama will create a fund to help people refinance their mortgages and provide comprehensive supports to innocent homeowners. The fund will be partially paid for by Obama's increased penalties on lenders who act irresponsibly and commit fraud.

    Close Bankruptcy Loophole for Mortgage Companies: Obama will work to eliminate the provision that prevents bankruptcy courts from modifying an individual's mortgage payments. Obama believes that the subprime mortgage industry, which has engaged in dangerous and sometimes unscrupulous business practices, should not be shielded by outdated federal law.

    Address Predatory Credit Card Practices

    Obama will establish a five-star rating system so that every consumer knows the risk involved in every credit card. He also will establish a Credit Card Bill of Rights to stop credit card companies from exploiting consumers with unfair practices.


    Create a Credit Card Rating System to Improve Disclosure: Obama will create a credit card rating system, modeled on five-star systems used for other consumer products, to provide consumers an easily identifiable ranking of credit cards, based on the card's features. Credit card companies will be required to display the rating on all application and contract materials, enabling consumers to quickly understand all of the major provisions of a credit card without having to rely exclusively on fine print in lengthy documents.

    Establish a Credit Card Bill of Rights to Protect Consumers: Obama will create a Credit Card Bill of Rights to protect consumers. The Obama plan will:
    Ban Unilateral Changes
    Apply Interest Rate Increases Only to Future Debt
    Prohibit Interest on Fees
    Prohibit "Universal Defaults"
    Require Prompt and Fair Crediting of Cardholder Payments

    Reform Bankruptcy Laws

    Obama will reform our bankruptcy laws to protect working people, ban executive bonuses for bankrupt companies, and require disclosure of all pension investments.

    Cap Outlandish Interest Rates on Payday Loans and Improve Disclosure: Obama supports extending a 36 percent interest cap to all Americans. Obama will require lenders to provide clear and simplified information about loan fees, payments and penalties, which is why he'll require lenders to provide this information during the application process.

    Encourage Responsible Lending Institutions to Make Small Consumer Loans: Obama will encourage banks, credit unions and Community Development Financial Institutions to provide affordable short-term and small-dollar loans and to drive unscrupulous lenders out of business.

    Reform Bankruptcy Laws to Protect Families Facing a Medical Crisis: Obama will create an exemption in bankruptcy law for individuals who can prove they filed for bankruptcy because of medical expenses. This exemption will create a process that forgives the debt and lets the individuals get back on their feet.

    Work/Family Balance

    Obama will double funding for after-school programs, expand the Family Medical Leave Act, provide low-income families with a refundable tax credit to help with their child-care expenses, and encourage flexible work schedules.

    Expand the Family and Medical Leave Act: The FMLA covers only certain employees of employers with 50 or more employees. Obama will expand it to cover businesses with 25 or more employees. He will expand the FMLA to cover more purposes as well, including allowing workers to take leave for elder care needs; allowing parents up to 24 hours of leave each year to participate in their children's academic activities; and expanding FMLA to cover leave for employees to address domestic violence.

    Encourage States to Adopt Paid Leave: As president, Obama will initiate a strategy to encourage all 50 states to adopt paid-leave systems. Obama will provide a $1.5 billion fund to assist states with start-up costs and to help states offset the costs for employees and employers.

    Expand High-Quality Afterschool Opportunities: Obama will double funding for the main federal support for afterschool programs, the 21st Century Learning Centers program, to serve a million more children. Obama will include measures to maximize performance and effectiveness across grantees nationwide.
    Expand the Child and Dependent Care Tax Credit: The Child and Dependent Care Tax Credit provides too little relief to families that struggle to afford child care expenses. Obama will reform the Child and Dependent Care Tax Credit by making it refundable and allowing low-income families to receive up to a 50 percent credit for their child care expenses.

    Protect Against Caregiver Discrimination: Workers with family obligations often are discriminated against in the workplace. Obama will enforce the recently-enacted Equal Employment Opportunity Commission guidelines on caregiver discrimination.

    Expand Flexible Work Arrangements: Obama will create a program to inform businesses about the benefits of flexible work schedules; help businesses create flexible work opportunities; and increase federal incentives for telecommuting. Obama will also make the federal government a model employer in terms of adopting flexible work schedules and permitting employees to request flexible arrangements.

    Barack Obama's Record

    Housing: In the U.S. Senate, Obama introduced the STOP FRAUD Act to increase penalties for mortgage fraud and provide more protections for low-income homebuyers, well before the current subprime crisis began.

    Predatory Lending: In the Illinois State Senate, Obama called attention to predatory lending issues. Obama sponsored legislation to combat predatory payday loans, and he also was credited with lobbying the state to more closely regulate some of the most egregious predatory lending practices.

    American Jobs: Barack Obama introduced the Patriot Employer Act of 2007 to provide a tax credit to companies that maintain or increase the number of full-time workers in America relative to those outside the US; maintain their corporate headquarters in America; pay decent wages; prepare workers for retirement; provide health insurance; and support employees who serve in the military.

    Posted by ObamaMama June 2, 08 02:17 PM
  1. To Renee Adams, I think you are misspeaking. It was John McCain who said that economics was not his strong suit, not Barack Obama

    Posted by mb June 2, 08 02:29 PM
  1. Now that's change we can believe in! Change America needs. Obviously he is a man who love the American people and not bent on world domination.

    Posted by Tre June 2, 08 02:32 PM
  1. Dear American Voters,

    Hon. Senator McCain and Obama, besides each having many attributes and characteristics. The critical differences in my professional, political, and personal opinion are as under:

    1. Presidential "Temperament and Composer".
    2. Little Washington "insider Versus outsider" connectedness.
    3. Vision and mission for our nation future rather than past.
    4. American policies first USA centric than other countries centric.

    In my professional opinion one senator has it and the other does not. We need one for our Greatgrand Nation to address our all these challenges with a fresh, clean and new slate.

    God Bless America. its diverse people, and our Greatgrand Nation.

    Yours truly,

    COL. [retd] A.M.Khajawall
    Forensic psychiatrist, Las Vegas NV

    Posted by COL.[retd] A.M.Khajawall June 2, 08 02:33 PM
  1. John McCain is trying to appeal to 2% of the USA population........the ZIONIST JEWS who got us in the Mess in IRAQ

    Posted by don June 2, 08 02:35 PM
  1. Do you think ending tax breaks for the wealthy might help? Do you think ending the war might help?
    I get sick and tired of the McCain people hounding Obama about visiting Iraq to see how well things are going. Why?
    Because we are winning (or not) does not justify an illegal was
    The point is Mr. McCain we should not have gone there in the first place

    By the way, would someone please explain to me how John McCain showed a $58,000.00 disability payment on his tax return and indicated that the US government had declared him 100% disabled then turns right around and distributes 3000 pages of medical reports to prove he is as fit as a fiddle

    From where I sit, you can't have it both ways
    Either he is as fit as a fiddle or he is 100% disabled
    Depends on who you believe
    But he is continuing to receive the $58,000.00 disability payment

    Posted by npeebles June 2, 08 02:39 PM
  1. Change means:

    Funding for the 50 states of America not Iraq
    Rebuilding our infrastructure with the money saving from Iraq
    Improve our school system with new funding with the money saving from Iraq
    Changes means creating jobs at home instead of encouraging companies to created job overseas
    Changes means when our jobs shift overseas company tax rate should goes up

    Posted by Richard Andre June 2, 08 03:04 PM
  1. Barack Obama is one of the most inspiring politicians that Democracy has surfaced with ability to unit a nation and transform generations from one of division and destruction to that of fresh hope. He is there to finish such great people's yet unfinished jobs Like Abraham Lincoln, JFK, MLK, etc . that America still wishes to see continued by emerging leaders as Obama. This is once in a life time opportunity for American people to come out in November to come out in large numbers and vote for Obama. I promise the best things he will bringing to the American people- from best policies to cool leadership - and the remaining World with the kind of exemplary and unpretentious leadership. He will be communicated with wonderful and clear foreign policy procedures/diplomacy with the remaining world that we hope Obama will be the one to bringing the Middle East seemingly endless dispute to an end; Global terrorism and extremism will no longer continue to be threat to after his presidency. Therefore, go out and Vote for Obama in N.O.V.E.M.B.E.R. Why? You will find the answer after February when he brings back Jobs to America and show you Economics is his best suit!

    Posted by Sebsibe Solomon June 2, 08 03:20 PM
  1. Thomas Sowell

    Many years ago, a great hitter named Paul Waner was nearing the end of his long career. He entered a ballgame with 2,999 hits -- one hit away from the landmark total of 3,000, which so many hitters want to reach, but which relatively few actually do reach..
    Waner hit a ball that the fielder did not handle cleanly but the official scorer called it a hit, making it Waner's 3,000th. Paul Waner then sent word to the official scorer that he did not want that questionable hit to be the one that put him over the top.
    The official scorer reversed himself and called it an error.
    Later, Waner got a clean hit for number 3,000.
    What reminded me of this is the great fervor that many seem to feel over the prospect of the first black president of the United States.
    No doubt it is only a matter of time before there is a black president, just as it was only a matter of time before Paul Waner got his 3,000th hit.
    The issue is whether we want to reach that landmark so badly that we are willing to overlook how questionably that landmark is reached.
    Paul Waner had too much pride to accept a scratch hit.
    Choosing a President of the United States is a lot more momentous than a baseball record.
    We the voters need to have far more concern about whom we put in that office that holds the destiny of a nation and of generations yet unborn.
    There is no reason why someone as arrogant, foolishly clever and ultimately dangerous as Barack Obama should become president -- especially not at a time when the threat of international terrorists with nuclear weapons looms over 300 million Americans.

    Many people seem to regard elections as occasions for venting emotions, like cheering for your favorite team or choosing a home-coming queen.
    The three leading candidates for their party's nomination are being discussed in terms of their demographics -- race, sex and age -- as if that is what the job is about.
    One of the painful aspects of studying great catastrophes of the past is discovering how many times people were preoccupied with trivialities when they were teetering on the edge of doom. The demographics of the presidency are far less important than the momentous weight of responsibility that office carries.
    Just the power to nominate federal judges to trial courts and appellate courts across the country, including the Supreme Court, can have an enormous impact for decades to come. There is no point feeling outraged by things done by federal judges if you vote on the basis of emotion for those who appoint them.
    Barack Obama has already indicated that he wants judges who make social policy instead of just applying the law. He has already tried to stop young violent criminals from being tried as adults.
    Although Sen. Obama has presented himself as the candidate of new things -- using the mantra of 'change' endlessly -- virtually everything he says about domestic policy is straight out of the 1960s and virtually everything he says about foreign policy is straight out of the 1930s.
    Protecting criminals, attacking business, increasing government spending, promoting a sense of envy and grievance, raising taxes on people who are productive and subsidizing those who are not -- all this is a re-run of the 1960s.
    We [subsequently] paid a terrible price for such 1960s notions in the years that followed in the form of soaring crime rates, double-digit inflation and double-digit unemployment.
    During the 1960s, ghettos across the country were ravaged by riots from which many have not fully recovered to this day.

    The violence and destruction were concentrated not where there was the greatest or injustice, but where there were the most liberal politicians, promoting grievances and hamstringing the police.human history.

    Internationally, the approach that Sen. Obama proposes including the media magic of meetings between heads of state was tried during the 1930s. That approach, in the name of peace, is what led to the most catastrophic war in
    Everything seems new to those too young to remember the old and too ignorant of history to have heard about it.poverty
    Thomas Sowell's is a senior fellow at the Hoover Institution, Stanford University, Stanford, CA 94305. His Web site is www.tsowell.com. His column is distributed by Creators Syndicate, 5777 W. Century, Suite 700, Los Angeles, CA 90045. His column is published Thursday in the newspaper and Sunday online.
    [Note: underlined text was in Sowell's original column but some publications deleted those words without indicating there was a deletion.]

    Posted by Mary Nugget June 2, 08 05:35 PM
  1. Hillary has more supporters and more votes, it's just that simple. You Obama people do not have the support you think you do and keep up the insults as you have no class or standards. So don't expect Hillary's supporters to vote for Obama either, we won't. Do you idiots really seriously think for one minute you can win in November without Hillary's supporters? Obama = McGovern. We all know 99% of you clueless and blind Obama followers don't know who George McGovern was, but here is a clue, he was the last President to win the delegates and lose the popular vote. Now it's your turn, go look it up and see what happened to him in November, see if you can find a President McGovern anywhere.. now go look it up and see how well he did in November in the general election, idiots..

    Posted by Hillary All the Way June 2, 08 07:32 PM
  1. Wow, as a Michigan resident, I am completely disappointed that McCain has not addressed any of the issues that matter to our state. How does visiting Baghdad improve Michigan's economy? How does that save our jobs, schools, and infrastructure? We have squandered so much abroad only to leave our economic base hear at home in shambles. We need someone who isn't running to be president of Iraq, but has ideas on how to improve things here at home. We need a candidate who will change course for the better. No to McSame in '08.

    Posted by dcmmvi June 2, 08 07:33 PM
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About political intelligence Field reports from Boston Globe reporters and editors covering the 2008 presidential campaign and the national maneuvering of Bay State politicians.

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