Obama outlines economic policy
The Fayetteville Observer | June 10, 2008
By John Fuquay
In his first North Carolina campaign stop since last month's primary, Sen. Barack Obama on Monday promoted an economic policy he said would benefit working Americans.
Obama said the policy counters the ideas of his presidential opponent, Sen. John McCain of Arizona.
Now that he has become the presumptive Democratic presidential nominee, Obama is touting his differences with McCain and linking him with President Bush.
Obama spoke to more than 500 guests at an invitation-only speech at the N.C. State Fairgrounds. He reinforced his message of change, blaming Bush for five straight months of job losses, staggering national debt, stagnant wages and a mortgage crisis.
"It's the logical conclusion to a tired and misguided philosophy that has dominated Washington for too long," the Illinois senator said.
Obama repeated his promises to eliminate corporate tax breaks, cut middle-income taxes and make college education and health care more affordable. He also pledged to end the Iraq war.
But Monday's speech was mostly about Obama's economic plans, which he said are new and favor middle-class Americans.
