Apr 28, 2009

Barack Obama and Joe Biden's Rescue Plan for the Middle Class

Our country faces its most serious economic crisis since the great depression. We have lost 760,000 jobs this year and some leading forecasters project that the unemployment rate will exceed 8 percent by the end of 2009. Working families, who saw their incomes decline by $2,000 in the economic “expansion” from 2000 to 2007 now face even deeper income losses. Retirement savings accounts have lost $2 trillion. Markets have fallen 40% in less than a year. Millions of homeowners who played by the rules can’t meet their mortgage payments and face foreclosure as the value of their homes have plummeted. With credit markets nearly frozen,

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