Obama Campaign to Announce Economic Stimulus PackageVirginia Gov. Tim Kaine, Former Secretary of Commerce Bill Daley and Obama Economic Advisor Austan Goolsbee to host conference call with the media
Chicago, IL -Virginia Gov. Tim Kaine, Former Secretary of Commerce Bill Daley and Obama Economic Advisor Austan Goolsbee will host a conference call today with reporters to announce Barack Obama's economic stimulus package.
WHO: Virginia Gov. Tim Kaine
Former Secretary of Commerce Bill Daley
Obama Economic Advisor Austan GoolsbeeWHAT: Conference call with reporters
WHEN: Sunday, January 13, 2008
1:00 pm CT
The results of the call, courtesy of Bloomberg (the news service, not the possible independent presidential candidate):
Democratic presidential candidate Barack Obama, raising rival Hillary Clinton by $5 billion, offered a $75 billion economic stimulus plan that includes tax cuts and government spending to stave off a possible recession.The proposal, released today as Obama campaigns in Nevada, includes an immediate $250 tax cut for most Americans, an extra $250 Social Security payment for low-income senior citizens and $10 billion to help people facing home foreclosures.
Gov. Kaine says "We're seeing significant challenges" and "We've got to have a strategy to keep the economy strong." No argument here; this economy's looking worse by the day, thanks in large part to the Republicans' ruinous economic policies, as Nobel Prize economist Joseph E. Stiglitz writes in the December Vanity Fair ("The Economic Consequences of Mr. Bush").