All the hype about Obama is really...boring me.. Yeah he might be a good guy but then hey i dont live in the US i dont have to worry about casting votes.
OBAMA SPEND-O-METER
Obama’s Economic Prescription For The Country Consists Of Hundreds Of Billions In New Spending Funded With Taxpayers’ Dollars
Today, Sen. Barack Obama (D-IL) Is Scheduled To Deliver “A Major Economic Policy Address”:
“On Wednesday, Obama Is Scheduled To Deliver What His Campaign Is Calling ‘A Major Economic Policy Address’ At A General Motors Assembly Plant In Janesville, Wisc.” (Robert Schroeder, “Obama, Mccain Sweep ‘Potomac Primary,’” Dow Jones’ MarketWatch, 2/12/08)
OBAMA’S LIBERAL FISCAL AGENDA: OVER $850 BILLION IN NEW SPENDING
www.obamaspendometer.com
If Obama Could Enact All Of His Campaign Proposals, Taxpayers Would Be Faced With Financing Over $850 Billion In New Spending Over One White House Term:
Obama’s Health Care Plan Will Cost Up To $65 Billion A Year; Equal To $260 Billion Over Four Years. “[Obama] campaign officials estimated that the net cost of the plan to the federal government would be $50 billion to $65 billion a year, when fully phased in, and said the revenues from rolling back the tax cuts were enough to cover it.” (Robin Toner and Patrick Healy, “Obama Calls For Wider And Less Costly Health Care Coverage,” The New York Times, 5/30/07)
Obama’s Energy Plan Will Cost $150 Billion Over 10 Years, Equal To $15 Billion Annually And $60 Billion Over Four Years. “Obama will invest $150 billion over 10 years to advance the next generation of biofuels and fuel infrastructure, accelerate the commercialization of plug-in hybrids, promote development of commercial-scale renewable energy, invest in low-emissions coal plants, and begin the transition to a new digital electricity grid.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 25)
Obama’s Tax Plan Will Cost Approximately $85 Billion A Year; Equal To $340 Billion Over Four Years. “[Obama’s] proposed tax cuts and credits, aimed at workers earning $50,000 or less per year, would cost the Treasury an estimated $85 billion annually.” (Margaret Talev, “Obama Proposes Tax Code Overhaul To Help The Poor,” McClatchy Newspapers, 9/19/07)
- Obama’s Plan Would Raise Taxes On Capital Gains And Dividends, And On Carried Interest. Obama’s tax plan includes: “[i]ncreasing the highest bracket for capital gains and dividends and closing the carried interest loophole.” (Obama For America, “Barack Obama: Tax Fairness For The Middle Class,” Fact Sheet, www.barackobama.com, Accessed 1/8/08)
Obama’s Economic Stimulus Package Will Cost $75 Billion. “Barack Obama’s economic plan will inject $75 billion of stimulus into the economy by getting money in the form of tax cuts and direct spending directly to the people who need it most.” (Obama For America, “Barack Obama’s Plan To Stimulate The Economy,” Fact Sheet, www.barackobama.com, 1/13/08)
Obama’s Early Education And K-12 Package Will Cost $18 Billion A Year; Equal To $72 Billion Over Four Years. “Barack Obama’s early education and K-12 plan package costs about $18 billion per year.” (Obama For America, “Barack Obama’s Plan For Lifetime Success Through Education,” Fact Sheet, www.barackobama.com, 11/20/07, p. 15)
Obama’s National Service Plan Will Cost $3.5 Billion A Year; Equal To $14 Billion Over Four Years. “Barack Obama’s national service plan will cost about $3.5 billion per year when it is fully implemented.” (Obama For America, “Helping All Americans Serve Their Country: Barack Obama’s Plan For Universal Voluntary Citizen Service,” Fact Sheet, www.barackobama.com, 12/5/07)
Obama Will Increase Our Foreign Assistance Funding By $25 Billion. “Obama will embrace the Millennium Development Goal of cutting extreme poverty around the world in half by 2015, and he will double our foreign assistance to $50 billion to achieve that goal.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 53)
Obama Will Provide $2 Billion To Aid Iraqi Refugees. “He will provide at least $2 billion to expand services to Iraqi refugees in neighboring countries, and ensure that Iraqis inside their own country can find a safe-haven.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 51)
Obama Will Provide $1.5 Billion To Help States Adopt Paid-Leave Systems. “As president, Obama will initiate a strategy to encourage all 50 states to adopt paid-leave systems. Obama will provide a $1.5 billion fund to assist states with start-up costs and to help states offset the costs for employees and employers.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 15)
Obama Will Provide $1 Billion Over 5 Years For Transitional Jobs And Career Pathway Programs, Equal To $200 Million A Year And $800 Million Over Four Years. “Obama will invest $1 billion over five years in transitional jobs and career pathway programs that implement proven methods of helping low-income Americans succeed in the workforce.” (Obama For America, “The Blueprint For Change,” www.barackobama.com, Accessed 1/14/08, p. 42)
Obama Will Provide $50 Million To Jump-Start The Creation Of An IAEA-Controlled Nuclear Fuel Bank. Obama: “We must also stop the spread of nuclear weapons technology and ensure that countries cannot build -- or come to the brink of building -- a weapons program under the auspices of developing peaceful nuclear power. That is why my administration will immediately provide $50 million to jump-start the creation of an International Atomic Energy Agency-controlled nuclear fuel bank and work to update the Nuclear Nonproliferation Treaty.” (Sen. Barack Obama, “Renewing American Leadership,” Foreign Affairs, 7-8/07)
JANESVILLE, Wis. (AP) — Democrat Barack Obama said Wednesday that as president he would spend $210 billion to create jobs in construction and environmental industries, as he tried to win over economically struggling voters.
Obama's investment would be over 10 years as part of two programs. The larger is $150 billion to create 5 million so-called "green collar" jobs to develop more environmentally friendly energy sources.
Sixty-billion dollars would go to a National Infrastructure Reinvestment Bank to rebuild highways, bridges, airports and other public projects. Obama estimated that could generate nearly 2 million jobs, many of them in the construction industry that's been hit by the housing crisis.
"This agenda is paid for," Obama said as the Republican National Committee promoted an "Obama Spend-O-Meter" online to track his proposals and portray him as a tax-and-spend liberal. Obama explained that the money for his spending proposals will come from ending the Iraq war, cutting tax breaks for corporations, taxing carbon pollution and raising taxes on high income earners.
Neera Tanden, Hillary Rodham Clinton's policy director, said Obama was offering ideas Clinton proposed months ago. "Voters may ask themselves that if Senator Obama cannot produce his own ideas on the campaign trail, how will he solve new problems as president?" Tanden said in a memo e-mailed to reporters.
Obama, who has faced criticism that he doesn't have enough policy specifics, asked autoworkers at the General Motors plant in Janesville, Wis., to "bear with me" as his began a policy speech that he said would be unlike his typical rousing addresses. He read from a TelePrompTer in an industrial training room, flanked by sparkling new vehicles and a large American flag.
"Today I want to take it down a notch," Obama said. "This is going to be a speech that's a little more detailed. It's going to be a little bit longer, not as many applause lines."
Obama pointedly did not include one of his biggest applause lines, that he would require vehicle manufacturers to raise fuel economy standards. Obama often points out that he delivered that message straight to the automakers during a speech last year in Detroit.
But he didn't mention it on the plant visit that came a day after GM reported the largest annual loss ever for an American automaker — $38.7 billion in 2007.
"I know that General Motors received some bad news yesterday," Obama said. "I also know how much progress you've made, how many hybrids and fuel-efficient vehicles you're churning out. And I believe that if our government is there to support you, and give you the assistance you need to retool and make this transition, that this plant will be here for another hundred years."
Obama heads into Tuesday's Wisconsin primary as the favorite in the state and the front-runner for the nomination. His victories in the last eight contests have put him ahead of Clinton in the delegate chase.
But Obama did not pursue the front-runner strategy of ignoring rivals. He repeatedly criticized Clinton in an effort to beat back the challenge she still poses to him.
He tied her to likely Republican presidential nominee John McCain for their shared vote to authorize the war in Iraq. He lumped her with President Bush for offering an economic recovery plan that didn't include immediate relief, without mentioning that both the president and Clinton quickly adopted tax rebates.
Obama's appearance in Janesville was part of a strategy to reach out to voters who might be struggling in the economy and who have supported Clinton in most contests so far. Combining exit polls from 19 states that had competitive Democratic primaries before Tuesday, Clinton had a 49 percent to 46 percent edge over Obama with voters who named the economy as the No. 1 problem.
But Obama seemed to be turning that around in his most recent victories Tuesday. In Virginia and Maryland, Obama dominated among the one-half of Democratic voters who named the economy as their chief concern. In both states, about six in 10 Democrats who cited the economy voted for Obama.
