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Obama offers new proposals to help economy
   posted 12:48 pm Mon October 13, 2008
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TOLEDO, Ohio - Democrat Barack Obama (web|news|bio) is calling for a 90-day moratorium on foreclosures and a two-year tax break for businesses that create jobs as part of a plan to heal the nation's ailing economy.The presidential candidate says banks that participate in the federal bailout should temporarily postpone foreclosures for families making good-faith efforts to pay their mortgage. He also called for a $3,000 tax credit for each additional full-time job a business creates. The tax break would end after 2010.

Obama also is proposing letting people withdraw up to $10,000 from their retirement accounts without any penalty this year and next.

NewsChannel 8 myTAKE - What's Your Opinion?The Obama campaign emphasizes that these ideas can be done quickly, either through executive order or legislation.

Written By CHRISTOPHER WILLS
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