Thursday, February 21, 2008

Obama, Clinton offer economic policies in debate

"We've got to stop giving tax breaks to companies that are shipping jobs overseas," Barack Obama said, when questioned about how his economic policies would differ from Hillary Clinton.
Obama also said he would get rid of the tax cuts given to the most wealthy in America by the Bush Administration.
He also suggested working on reducing greenhouse gases and America's reliance on foreign oil.

Mrs. Clinton was asked about her "ready on day one" campaign slogan. She said she agreed with Obama on many of his thoughts on the economy. 'The wealthy and the well-connected have had a president for seven years, it is time we had a president who will work for you."

She suggested a "trade time out" to look and see what trade agreements and working and make sure the ones we have are being enforced.

On the foreclosure crisis, Mrs. Clinton said she would declare a 90-day moratorium on home foreclosures and a crackdown on predatory lenders. "I would freeze interest rates for five years," adding that if that step is not taken many would be left homeless.

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