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Former-President Bill Clinton, during his initial race to the Presidency, had a saying, “It’s the economy, stupid.” The focus on the failings of the Bush economy lead to Clinton’s election and swept the supply-side Republicans from office for eight years. Eight years of Democratic-lead prosperity, balanced budgets, and a peace-time economic bonanza for small business and working class families.
Now, America is faced with another economic debacle thanks to another member of the Bush family and to supply-side Republican economic policies that only benefit the rich and big business. Sen. Barack Obama (D-IL), presumptive Democratic nominee for the Presidency in Election 2008, has a detailed plan to strengthen the U.S. economy and to deliver us from eight years of mismanagement.
Obama’s plan is especially needed in the Coachella Valley with California one of the states hardest hit by the housing crisis, predatory lending, and rising commodity prices, with Riverside County one of the hardest hit counties, and with the Inland Empire, the San Gorgonio Pass, and the Coachella Valley as some of the hardest hit local regions.
More below the flip…
Over the course of the next few days, I will review Obama’s plan with a focus on:
- jumpstart the economy
- provide middle class Americans with tax relief
- job creation
- support small business
- protect homeownership & crackdown on mortgage fraud
- address predatory credit card practices
- reform bankruptcy laws
- work/family balance
On September 17, 2007, Obama stated:
“I believe that America’s free market has been the engine of America’s great progress. It’s created a prosperity that is the envy of the world. It’s led to a standard of living unmatched in history. And it has provided great rewards to the innovators and risk-takers who have made America a beacon for science, and technology, and discovery…We are all in this together. From CEOs to shareholders, from financiers to factory workers, we all have a stake in each other’s success because the more Americans prosper, the more America prospers.”
– Barack Obama, New York, NY, September 17, 2007
Unfortunately, Obama’s Republican opponent, Sen. John McCain (R-AZ) has stated that he has little to no knowledge concerning things economic. Lucky us if McCain is elected as President of the United States.