Obama's 'emergency' economic plan
By MIKE ALLEN | 8/1/08 9:38 AM EST
Sen. Barack Obama (D-Ill.) on Friday announced an Emergency Economic Plan that would give families a stimulus check of $1,000 each, funded in part by what his presidential campaign calls windfall profits from Big Oil.
The first part of Obamas plan is an emergency energy rebate ($500 to individual workers, $1,000 to families) as soon as this fall.
This rebate will be enough to offset the increased cost of gas for a working family over the next four months, Obama said. Or, if you live in a state where it gets very cold in the winter, it will be enough to cover the entire increase in your heating bills. Or you could use the rebate for any of your other bills or even to pay down debt
Separately, Obamas plan includes a $50 billion stimulus package that his campaign claims would save more than 1 million jobs.
We need to do more, Obama said in a statement. Thats why today Im announcing a two-part emergency plan to help struggling families make ends meet and get our economy going"...snip
I'm seriously thinking the thought of another Rebate check is why some people are voting for Obama.
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Obama should provide working families a stimulus package - a check for all from those windfall profits of the Obama Fundraising Campaign.
If you took 100 percent of Exxon-Mobils’s $15B in 3rd quarter profit you could provide $115 to each taxpayer (130 million)
Of course XOM paid $32 Billion in taxes in the 3rd quarter alone.
Obama want them to do what pay $45B in taxes?