Obama’s economic goals
Posted by Vriz on May 23rd, 2008

Senator Obama continued yesterday on his campaign tour of Florida. Obama touched upon several important topics at his first campaign rally in St. Petersburg, FL. He talked about foreign policy, he talked about gas prices, and he talked about economic proposals in his election platform.
If elected, Obama would establish a $1,000 per family tax cut paid for by closing corporate tax loopholes and a $4,000 yearly college-tuition credit to every student in exchange for community service. He would eliminate income taxes on Social Security payments and change corporate bankruptcy laws to protect worker pensions. Senator Obama would make a $150-billion investment over 10 years in alternative energy sources such as solar and wind power, and biodiesel fuel.
Barack Obama contends that investing in alternative energy will create new jobs, protect the environment and lessen our dependence on foreign oil. Another way to create jobs in the U.S.? Obama also said he would put 2-million people to work by investing in improvements to roads, bridges and mass transit. “If we can spend $10-billion a month in Iraq we can spend $10-billion a month right here in the United States of America,”
he said.
Undoubtedly, America’s infrastructure needs a comprehensive upgrade program. We need to build up America’s manufacturing base, so that our economy is a net exporter and not a net importer. We’ll employ more Americans at home and borrowing less overseas to pay for the things our nation needs.



