4 Money Problems That Obama Can’t Fix

August 28, 2008

The talk sounds reassuring, even if we know these are vapid campaign promises. As fixing the economy surges to the top of the candidates’ to-do lists, Barack Obama and John McCain are starting to promise free money as if it were just sitting there in Washington, undiscovered. OK, what the heck? We’ll take some!

Obama has been sticking his neck out by promising to strengthen the middle class and help struggling families, and now it’s time to explain exactly how he would do that. Part of his plan would be a second round of stimulus checks to taxpayers, totaling perhaps $115 billion, according to the Wall Street Journal. Obama also envisions a huge new government health insurance umbrella for those who can’t get coverage elsewhere. He plans to create thousands of jobs by funding new roads and other infrastructure projects. Perhaps most irresistible: a big package of middle-class tax cuts, to be paid for through tax increases on the wealthy.

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