Obama 50 Billion Dollar Economy Boost
In an campaign speech on the ailing U.S. economy in Raleigh, North Carolina, on June 9, 2008, Democratic Presidential Candidate Barack Obama called for a stimulus package worth $50 billion.
Fast Facts
- Location of speech: Raleigh, North Carolina
- Date: June 9, 2008
- Obama wants $50 billion to go towards further tax rebates and extended unemployment benefits1
- Obama did not specify how much would go towards rebates and how much towards benefits
- Obama supported February 2008 stimulus package that sent rebates to 130 million Americans
The $50 Billion Boost
In the speech, Obama attacked the economic policies of John McCain, connecting them to the policies of current President George W. Bush. Obama criticized McCain's support for the 2001 and 2003 tax cut extensions, and said that tax relief should go towards the United States's neediest families. Of the $50 billion, Obama proposed devoting some of the amount towards further tax rebates, and some towards extended unemployment benefits.1
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