But there are questions and much speculation as to what kind of real, substantive policies Obama supports and how will he implement them. The most important area right now, and the one to which Obama has first turned his attention to is economics. Howard Fineman, in this piece for MSNBC looks into Obama's economic plan he calls "Obamanomics." Some short samples:
In terms of policy, he is not looking to do the unexpected, or the radically new. He made an unspoken calculation long ago: that he, himself, is change enough.
I just listened to the debut of his newly bulked-up economic team during one of those wonkish conference calls for reporters.
And I have to say, if sweeping change is what Obama is all about, I didn’t hear it on that call.
Obama’s advisors were intent on labeling McCain’s economic ideas as more of the same, rather than touting the newness of their own vision.
Here’s Obama’s new crisis management answer:
- $50 billion to unemployment insurance and to states for serving the needy and unemployed.
- $10 billion fund to prevent foreclosures.
- New “tax relief for ordinary Americans” – that is, those families which earn less than $150,000 per year – with up to $1,000 per family in direct payments.
- A recently proposed windfall profits tax for big oil companies
If the economy is heading as deep into the tank as some economists think (even, evidently, some of Obama’s), then the plan he announced Monday is little more than a bandage.
Check out the full article HERE
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