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Healing the Economy: The Obama-Biden Plan

Launched by the Presidential Transition Project, Change.gov offers more transparency than is commonly available during a government transition. But will it be enough?

Our country faces its most serious economic crisis since the great depression. 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, businesses large and small cannot access the credit they need to meet payroll and create jobs.

Barack Obama and Joe Biden have a plan to revitalize the economy.

1. Immediate Action to Create Good Jobs in America

2. Immediate Relief for Struggling Families

3. Direct, Immediate Assistance for Homeowners, Not a Bailout for Irresponsible Mortgage Lenders

4. A Rapid, Aggressive Response to Our Financial Crisis, Using All the Tools We Have