Posted: January 11, 2008 5:17 PM
Clinton Unveils Plan to 'Jump-start' U.S. Economy
As the nominating calendar steams toward Democratic contests in Nevada and South Carolina, Sen. Hillary Clinton, D-N.Y., announced the release Friday of an economic stimulus proposal that she bills as a plan to “jump-start America’s economy”.
On the heels of her win in New Hampshire, where voters ranked the economy among their top concerns, Clinton unveiled the comprehensive economic package. President Bush has been weighing the release of an economic stimulus package of his own but details are yet to be made public.
The proposal could add more juice to Clinton’s presidential momentum at a time when she is facing economically-concerned voters in Nevada and Michigan. The Clinton plan appears to be structured to please Democrats looking for a robust federal government, but also conservative enough that she says she will not pay for any of it with tax increases.
Included in the package is $30 billion that would go to states to help families struggling to make mortgage payments, a big change from last year when she only proposed $5 billion. for the same fund. Clinton’s package also calls for a $70 billion emergency spending package that could be supplemented by a $40 billion tax rebate if the economy worsens.
Though she lost an endorsement from the Service Employees International Union in Nevada to Sen. Barack Obama, D-Ill. this week, Clinton is wasting no time showing those Western voters that she is indeed a candidate who has ‘found her voice.’ This week, Clinton walked door-to-door in a predominantly Hispanic neighborhood in Las Vegas, telling people that, ‘we’re going to do everything we can to get a president who cares about the middle class’ and then explained her strategy to freeze interest rates on subprime mortgages over chips and salsa at a local Mexican restaurant.
And just as New Hampshire breathed new life into Clinton’s campaign after a third place finish in Iowa, it has also produced new facts on that ever illusive American voter.
Polls show that 38 percent of Democratic New Hampshire voters cited the economy as the biggest issue. in the election. Thirty-one percent named Iraq and 27 percent said health care.