Local 192 Amalgamated Transit Union AFL-CIO-CLC

The Obama-Biden Campaign Today PDF Print E-mail

Monday, October 13, 2008

In Toledo, Ohio today, Senator Obama will deliver a major policy address to lay out his economic rescue plan for the middle class. Michelle Obama will campaign in Minnesota, starting in the Rochester-area this morning and continuing with a rally for the Change We Need late this afternoon in the Twin Cities. Mrs. Obama will speak with Minnesota voters about the clear choice they have in this election between change and more of the same. She'll discuss the everyday challenges that working families face as our economy weakens and talk about Barack Obama and Joe Biden's long records of standing up for women and families.  Senator Biden will travel to New Hampshire where he will host a community gathering in Rochester and an afternoon event in Manchester.
 
Economic Rescue Plan for the Middle Class
 
Obama continues to lead on the economic crisis with a rescue plan for Main Street.

  • Over the course of the campaign, Barack Obama has laid out a set of policies that will grow our middle class and strengthen our economy.
  • But he knows we face an immediate economic emergency that requires urgent action – on top of the plans he's already laid out – to help workers and families and communities struggling right now. 
  • That's why Barack Obama is introducing a comprehensive four-part Rescue Plan for the Middle Class – to immediately to stabilize our financial system, provide relief to families and communities, and help struggling homeowners. 
  • Obama has shown steady leadership during this crisis and offered concrete solutions to move the country forward – and his Rescue Plan for the Middle Class builds on the plans to strengthen the economy and rebuild the middle class that he's laid out over the course of this campaign.

Obama's Economic Rescue Plan for the Middle Class will:

  • Jumpstart job creation by providing by providing a new jobs tax credit, cutting taxes for small businesses, and rebuilding our roads and repairing our schools.
  • Provide immediate relief to families with a new plan to allow them to withdraw up to $10,000 of their retirement funds without penalty. He has already announced that he'll give a tax cut to 95 percent of workers and their families.
  • Provide relief to homeowners by putting a 90-day moratorium on foreclosures and taking steps to keeping property taxes down.
  • Stabilize our financial system by unlocking credit, helping states and locations obtain the loans they need, and helping small businesses get back on their feet.