Hillary Clinton's Economic Plan
By chance, I happened to watch two different network evening news programs Thursday night. Each had big stories about how we are facing a recession in early 2008.
I also caught the Republican debate in South Carolina. Every candidate was asked about it. They were all in denial.
Who's doing something about it? Hillary Clinton, who will announce an emergency spending plan today in California. The New York Times writes:
For more details, see the Times article or this AP article.
The Clinton package is to include $30 billion for an “emergency housing crisis fund” for states to help low-income families unable to make mortgage payments and in danger of losing their houses. Last year she proposed $5 billion for such a fund.
In addition, Mrs. Clinton’s package would channel $25 billion to help low-income families pay heating bills this winter, a tenfold increase of the existing federal program. Her proposal would also include $10 billion to extend unemployment insurance for people unable to find jobs.
Hillary is the first presidential candidate to come up with the plan. As the Times notes, others likely will follow suit.
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