Obama Unveils New Economic Ideas - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Obama Unveils New Economic Ideas

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TOLEDO, Ohio (AP) - Barack Obama is urging a number of economic
moves he says would "provide relief to families and communities
and help struggling homeowners."
While stumping in Ohio, Obama proposed that banks taking part in
the federal bailout temporarily postpone foreclosures on families
that are making good-faith efforts to pay their mortgages. He says
those families need "breathing room" to help get back on their
Obama also wants to let people withdraw up to $10,000 from their
retirement accounts without penalty through next year. They would
still have to pay taxes on the money.
To create jobs, Obama is suggesting a $3,000 tax credit for each
additional full-time job a business adds. The credit would end
after 2010.
Obama says his proposals would cost $60 billion over two years.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)