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Archive for October 13th, 2008

10/13: Barack Obama’s Economic Rescue Plan For The Middle Class Will Help YOU!

Posted by Paulette on October 13, 2008

 

 Senator Obama delivered a phenomenal and absolutely brilliant economic rescue plan for Americans this afternoon in Toledo, Ohio. It is a comprehensive four-part plan that deals with the immediate crisis that is currently affecting American workers, families and communities that are struggling. A plan that will grow our middle-class and create J-O-B-S! 

 

   Obama’s plan includes four new major ideas about job creation, relief to families, relief to homeowners and responding to the financial crisis. His plan also calls for temporarily eliminating taxes on unemployment insurance benefits; keeping all options on the table to help our automakers weather the financial crisis; having the Fed and Treasury prepare for guaranteeing a broader range of liabilities of the banking system; and instructing the Treasury to help unfreeze markets for individual mortgages, student loans, car loans, loans for multi-family dwellings and credit card loans:

Job Creation: A New American Jobs Tax Credit. Obama is calling for a temporary tax credit for firms that create new jobs in the United States over the next two years.

Relief to Families: Penalty-Free Withdrawals from IRAs and 401(k) s in 2008 and 2009. Obama is calling for new legislation to allow families to withdraw 15% of their retirement savings – up to a maximum of $10,000 – without facing a tax-penalty this year (including retroactively) and next year.

Relief to Homeowners: 90 day foreclosure moratorium for homeowners that are acting in good faith. Financial institutions that participate in the Treasury’s financial rescue plan should be required to adhere to a homeowners code of conduct, including a 90-day foreclosure moratorium for any homeowners living in their homes that are making good faith efforts pay their mortgages.

Responding to the Financial Crisis: A Lending Facility to Address the Credit Crisis for States and Localities. Obama is calling on the Federal Reserve and the Treasury to work to establish a facility to lend to state and municipal governments, similar to the steps the Fed recently took to provide liquidity to the commercial paper market.

 

 

 

 

 
Full text of  Obama’s speech as prepared below:

Read the rest of this entry »

Posted in Barack Obama, Current Affairs, Democrats, Economy, Education, Election 2008, Elections, Finance, Joe Biden, John McCain, McCain, Money, News, Obama, Politics, Random, Republicans, Thoughts, Women | Tagged: , , | 2 Comments »

Interview With Levi Johnston (Bristol Palin’s Baby Daddy): I Love Bristol. I Like Obama.

Posted by Paulette on October 13, 2008

 WASILLA, Alaska — Levi Johnston, who’s having a baby with Sarah Palin’s daughter, can’t believe all the things he’s hearing.

No, he wasn’t held against his will on the campaign trail. No, he’s not being forced into a shotgun wedding with 17-year-old Bristol Palin.

“None of that’s true,” Johnston, 18, said in a rare interview with The Associated Press. “We both love each other. We both want to marry each other. And that’s what we are going to do.”

Standing in the driveway of his family home in this small Alaska town, Johnston spoke about the rumors swirling around him.

The soft-spoken teenager discussed his relationship with Palin and how life has changed with fatherhood fast approaching. He agreed to talk despite the presidential campaign’s advice in the days following Gov. Sarah Palin’s nomination to avoid the media.

“They’re not telling me anything right now,” Johnston said as he checked his Blackberry. “It’s pretty chill.”

Not surprisingly, Johnston was a little shocked when he learned about Bristol’s pregnancy, but he says he quickly embraced the prospects of fatherhood. The baby is due Dec. 18. Johnston has dropped out of high school to take a job on the North Slope oil fields as an apprentice electrician.

Johnston hinted he’s expecting a boy, but he declined to discuss baby names.

“I’m looking forward to having him,” he said. “I’m going to take him hunting and fishing. He’ll be everywhere with me.”

Johnston, a Wasilla heartthrob, said he wanted to set the record straight.

For starters, he said his much-maligned MySpace page was a joke _ the one that claimed he said: “I’m a … redneck,” and “I don’t want kids.” Johnston said his friends created the page a few years ago and he had nothing to do with it.

Johnston said he has dated Palin since his freshman year in high school.

“We were planning on getting married a long time ago with or without the kid,” he said. “That was the plan from the start.”

While Johnston provided few details about next summer’s wedding, the planning has started: A cousin will likely be his best man, and he has asked two hockey buddies, Ben Barber and Dane Wilson, to be groomsmen.

Barber doesn’t think anyone pressured Johnston into marriage.

“If he thought it wasn’t the right thing to do he probably wouldn’t do it,” he said.

Johnston is an avid hunter. He’s dark haired, tall and muscular, sports a bit of stubble and drives a red Chevy Silverado truck. He’d be the perfect cover for Field & Stream.

He’s bagged bears, sheep, elk, and caribou. Some of the antlers are scattered about his yard. Last July on a caribou hunt he lost a “promise” ring that Palin had given him. He said he decided to tattoo her name on the finger and not bother with more rings because he’d just lose them anyway.

Johnston said he wasn’t forced to campaign with Palin’s mother. Bristol Palin invited him and Johnston jumped at the chance. It was a whirlwind experience for Johnston, who was seated with the Palins at the Republican National Convention.

“At first, I was nervous,” he said. “Then I was like, ‘Whatever.’”

While Barber said his friend is a celebrity now, Johnston said it hasn’t changed him.

“I’m still the same old boy,” said Johnston. “I’m just a workin’ man.”

And now he’s also about to become a family man.

“We’re up for it. I’m excited to have my first kid. It’s going to be a lot of hard work but we can handle it.”

Wasilla hockey coach Bill Sturdevant, who was invited to the wedding, said he was sorry to hear Johnston wasn’t going to return for his senior year of high school. But he said he believes Johnston, a talented hockey player, will find his way.

“He’s a tough kid,” Sturdevant said. “He’s taking everything in stride.”

What about Johnston’s politics?

The young man said he wasn’t an expert on politics by any stretch. Asked about Barack Obama, he replied: “I don’t know anything about him. He seems like a good guy. I like him.”

But Johnston still rooting for John McCain and Sarah Palin.

“I just hope she wins,” he said. “She’s my future mother-in-law. She better win.”

Posted in Current Affairs, Democrats, Family, Love, News, Politics, Random, Sarah Palin, Sex, Society, Thoughts, Women | Tagged: , | 5 Comments »