Obama favors more government intervention, such as a stimulus package, housing bailout and middle class tax cuts. He would pay for his programs by raising taxes on those earning more than $250,000.
Obama's economic plans have paid off with voters in two respects. A recent MSNBC/Wall Street Journal poll had him leading McCain on optimism about the future and being compassionate enough to understand the average individual's problems.
At his economic summit, Obama kicked things off by acknowledging the complexity of the situation:
"American families are facing tough economic times as the costs of healthcare, gas and even basic groceries skyrocket but wages remain stagnant, the dollar remains weak and the housing market continues to decline. Our economic problems are so interconnected and complex that we cannot focus on just a single economic problem in isolation or consider policies from just a single perspective - instead America needs a broad-based strategy to jumpstart the economy in the short run while addressing our long-run challenges."
Obama's solutions include nearly universal health care, a housing rescue plan and another economic stimulus package.
Obama's economic plans have paid off with voters in two respects. A recent MSNBC/Wall Street Journal poll had him leading McCain on optimism about the future and being compassionate enough to understand the average individual's problems.
At his economic summit, Obama kicked things off by acknowledging the complexity of the situation:
"American families are facing tough economic times as the costs of healthcare, gas and even basic groceries skyrocket but wages remain stagnant, the dollar remains weak and the housing market continues to decline. Our economic problems are so interconnected and complex that we cannot focus on just a single economic problem in isolation or consider policies from just a single perspective - instead America needs a broad-based strategy to jumpstart the economy in the short run while addressing our long-run challenges."
Obama's solutions include nearly universal health care, a housing rescue plan and another economic stimulus package.
