Published: Mon, 8 Sep 2008
Description: (NECN: Flint, Michigan) - Democratic presidential nominee Barack Obama discussed the economy and the "American Dream" in Farmington, Michigan this afternoon. Obama said we need to tell John McCain that the economy is in bad shape, be...
Automatically Generated Transcript (may not be 100% accurate)
" International issues like the Russian invasion of Georgia. Raised the prospects of future conflicts. But what people are most concerned about right now is what's happening to be American bring. What's happening to middle class families all across America. And as they struggle to get -- I don't need to tell you having about it but the big report about the effect of the national unemployment rate went up to six point 1%. The highest it's been in five years. But here in Michigan. It has bed at eight point 5%. As manufacturing jobs keep wrong moving overseas. And here and -- Twelve point 3%. Double what it is national. We don't have to tell people went -- the people of Michigan. That our economy. Is not in good shape."
" But. Yeah. You do -- Obama -- Yeah."
" Because just a few weeks ago. John McCain's that the economy. Was fundamentally sound. You said we have made great progress. Economically during the George Bush years. He -- bed. You know the middle class of folks who. -- make him less than five million dollars. -- for a million dollars you must be scraped and Bob. The reason I bring this up is because. John McCain. And his running mate it's our panel under the convention. Asserted that today weren't agents of change then admit it. George Bush as I get them all right great commissioner didn't show much or mention a much during the convention."
" Well it."
" Another try to repackage themselves they've been running on experience. Other try to repackage themselves. And we've been talking about the need to change this country. For nineteen months. And I guess that there must be working because suddenly about John McCain saying output change -- The thing -- You can't thing. For change when that you bragged about how you supported. George Bush 90% of the time."
" You can't -- for change when it's your party. That for the last eight years has ignored the fact that. Wages and it comes middle class families have gone flat. Since George Bush took office when Bill Clinton was an office. Being -- average family went up 7500. Dollars and -- George Bush has been. But that's gone down 2000 dollars if you think that that look good judgment. If you think about -- smart then you're not going to bring change."
" This is the party that has led to a housing crisis where we've got more all -- foreclosures. Then at any time since the great depression. And if you hung around your home. You've seen your home values plummet. John McCain thinks that it. The economy is fundamentally sound he needs to come to plan. And meet some of those folks have been Roosevelt I have. You know -- in your own lives it's harder to say it's harder to retire. At the same time as people are losing their jobs plans gets shipped overseas. As the same time as much money as governor of mormonism going up because of skyrocketing gas prices because of skyrocketing. Admitting all -- because of skyrocketing food prices and health care prices and prices for college tuition. That's been the legacy. Of the last eight years. And when John McCain. With a straight face stands up. And I'm and says I'm going to change things. At the same time as he says that -- George Bush 90% of the time. Yeah it's pretty hard -- only."
" It's it's just. -- hard to believe. When you've been supporting policy is that have made it tough for our middle class gremlins. To suggest somehow that I'm going to change. Possible months."
" You know. There was cartoon him in Washington Post. That's. Yeah we're gonna we're. Watch out George Bush and a picture. McCain -- watch out. George Bush except for economic policy tax policy and health care policy education policy. Foreign policy and and Karl Rove politics. We're really going to shake things up and Washington."
" It. The --"
" There's is that John McCain is offering -- more of the site. What he has said. Is that we are going to continue the bush tax cuts for the wealthiest Americans. We are going to provide 200 billion dollars worth of tax cuts. To corporations. That don't make -- money including ExxonMobil. Given them a four billion dollar tax break while leaving a hundred million people. Without any tax relief at all. That's not change let me tell what changes. What I do -- I says we're gonna give 95% of American families a tax cut for the better."
" They're kids are. Provided. -- families who Obey better. That's what changes."
" John McCain has no plan. Deal with the health care crisis with so many of you know about. 47 million people about health insurance. And his plan is to tax benefits to tax employers. For. The health care that they are providing to their employees to make it no longer deductible. Soviet. Union rules. More likely than not see your employers saying we can't afford to provide health care anymore no -- John McCain's as a result could be a 5000 dollar credit. Which sounds great until you find out health care for families going to cost -- 12000 of 14000 dollars."
" And gridlock. But what if you're somebody. You know rules. But they got laid off in the 55 years old. And you're not getting an employer sponsored health care plan but luck trying to find health -- on the open market."
" That won't give -- a policy that's worth anyway. They might give you one of those where the deductibles so -- It's like -- two at 10000 dollar. Deductible that's that's not health insurance that's house insurance. Of that's just -- avoiding losing all but you can go to a cop drama. So that's not change so here's what we're gonna do. What we've said is that if you got help an -- was given you helped or we're gonna help and support continue to give you helped it. By lowering your premiums of work -- could reduce."
" Pulse. And a few."
" You don't have health care we are going to give you. The opportunity by the same kind of health care that I have as a member of congress because you're paying taxes. -- my -- I should have better health care that you had if you can't afford it will subsidize your. And we were white one is not a good time just another -- we'll -- up by the -- in my first term -- of the United -- about."