Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/denver-offers-testing-ground-for-obama-nomics Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Transcript Apart from hosting the Democratic National Convention, Denver residents are also assessing the possible impacts of Sen. Barack Obama's economic policies, including middle class tax cuts and investments in education and alternative energy. Paul Solman examines Obama's plan. Read the Full Transcript Notice: Transcripts are machine and human generated and lightly edited for accuracy. They may contain errors. PAUL SOLMAN, NewsHour Economics Correspondent: Green Valley Ranch in Denver, Colorado, a new neighborhood for middle-class families able at last to afford, they thought, homes like these.Yet as an aerial map makes clear, foreclosures are spreading like sores all over Green Valley Ranch. This eviction isn't even on the map yet.But Laura Tyson, a chief economist under President Clinton, now advising Senator Obama, came to Denver to tout what's being called "Obama-nomics," and how, in connecting to a happier time, it would address situations like this. LAURA TYSON, Obama Economic Adviser: I think we've had wonderful, natural experiment. We had the 1990s under President Clinton, the longest and strongest economic expansion in American history. PAUL SOLMAN: By contrast, she claims, a near decade of regulatory neglect and tax cuts for the well-heeled have done real damage. LAURA TYSON: The median family has actually seen a decline in their real purchasing power, where the single, most important asset for most American families is the value of their house. And we've already seen losses, the equivalent to about $2 trillion to $3 trillion of household wealth loss. PAUL SOLMAN: An Obama administration would continue to bail out the housing sector, as in the bill that recently passed Congress. LAURA TYSON: Senator Obama has also come out in favor of a second stimulus. The second stimulus would include a fund to go to the states to help them counsel people facing foreclosure. PAUL SOLMAN: This is actually furniture from a family that's been foreclosed. They tried to rent. LAURA TYSON: They tried to rent first, right. PAUL SOLMAN: Presumably that didn't work. LAURA TYSON: Most Americans faced with foreclosure really try very hard to stay in their homes.