The Bright Coast

Progressive Thoughts from San Diego Alums on Law, Politics, and Culture

Obama’s Financial Plan

Posted by brightcoast on October 13, 2008

You can find the full article here. My favorite would definitely have to be the $3,000 credit per new full time employee hire beyond a company’s current level(s). The 90 day moratorium on pursuing foreclosures for homeowner’s attempting to make payments also makes sense as a responsible quid pro quo to the banks who are gaining from the national bailout. It shoudl be interesting to see what MC can come up with…

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2 Responses to “Obama’s Financial Plan”

  1. Ken Wilson said

    How would that help businesses when it costs more than $3,000 to hire an employee, give him benifits, and if the business climate does not warrant the hiring of a new employee?

  2. Gumbi said

    I’m not sure where you read it would “help businesses”, but it would definitely incentivize businesses to engage in hiring because the credit gives them a discount on new labor.

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