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Democrats' Ideas to Jump-Start the Economy

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Thursday, January 17, 2008

Presidential candidates John Edwards, Hillary Rodham Clinton and Barack Obama are among those calling for economic stimulus policies. They introduced detailed proposals to deal with the downturn.

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Edwards plan,

announced Dec. 22:

Investment in clean energy.

- Increase safety net for the unemployed: Require Congress to set aside resources to help states cover additional workers in the event of increased unemployment.

- Increase aid to states: Additional federal contribution to Medicaid and other state aid so that a constitutional requirement to balance state budgets does not result in tax increases.

- Action on housing: Create a "Home Rescue Fund" to help families avoid foreclosure, giving people the chance to rewrite the terms of their primary mortgages in bankruptcy; pass a national law against predatory lending.

Clinton plan,

announced Jan. 11:

- $30 billion emergency housing crisis fund: Provide resources to states, cities and community organizations to prevent unnecessary foreclosures.

- Action to end the housing crisis: A 90-day moratorium on subprime foreclosures and an automatic rate freeze on subprime mortgages for at least five years or until mortgages are converted into loans families can afford.

- $25 billion in emergency assistance for heating bills: Home heating assistance grants for 37 million eligible families.


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