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September 6, 2008 1:43:27 AM CDT

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Clinton Unveils $70B Fix for Economy

Posted Jan 11, 08 8:25 PM CST in Politics 

(Newser) – Hillary Clinton upstaged her rivals today by proposing $70 billion in emergency spending to help avoid a US recession, Reuters reports. Her plan would include $30 billion for homeowners, $25 billion for families with high energy bills, and another $15 billion aimed at unemployment insurance and alternative energy plans—all on borrowed money. "I don't think we can wait," Clinton said during a stop in California.

Romney  blasted her plan, which he said "ignores innovation and instead grows the size and role of government." Other GOP hopefuls joined today's economic debate: John McCain attacked Romney's promise to bring back textile and manufacturing jobs, as Rudy Giuliani proposed a $3,000 tax cut for middle Americans. Meanwhile President Bush is said to be mulling a tax rebate to help spark the US economy, Bloomberg reports.

Sources: Reuters, Bloomberg, Associated Press

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Democratic presidential hopeful, Sen. Hillary Rodham Clinton, D-N.Y. greets people during a stop for lunch at King Taco in East Los Angeles Friday, Jan. 11, 2008. (AP Photo/Elise Amendola)   (Associated Press)
Democratic presidential hopeful, Hillary Rodham Clinton, D-N.Y., speaks during a rally Friday, Jan, 11, 2008, in Commerce, Calif. Clinton called for Congress to pass an economic stimulus package that...   (Associated Press)
Los Angeles Mayor, Antonio Villaraigosa, left, and Democratic presidential hopeful, Hillary Rodham Clinton, D-N.Y., greet supporters at a Mexican restaurant Friday, Jan, 11, 2008, in Los Angeles. (AP...   (Associated Press)
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Hillary Clinton  • John McCain  • Mitt Romney  • US economy  • Rudy Giuliani  • recession  • foreclosure  • economic stimulus


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