Click to play videoThe US markets may be in turmoil. A series of bank failures, rising foreclosures and a tough job market have many Americans feeling antsy about the economy.
But the Democrat presidential nominee Barack Obama has made his position clear on what are his priorities on the issue.
In early October, Congress passed a $700 billion bailout plan intended to shore up the nation's lenders. Obama’s stance while he showed support for the the $700 billion Wall Street bailout package on October 3 was, “America is facing one of the greatest financial crises in history, and today's passage of an emergency rescue plan was absolutely necessary to prevent an economic catastrophe that could have cost millions of jobs and forced businesses across the country into bankruptcy.”
Now, it seems that he just might pip the Republican to the post if the polls are anything to go by. With the presidential election only a step away, Obama has extended his lead over McCain.
Working hard to win over traditional Republican states, Obama reminded his supporters at the rally in North Carolina that they haven't won yet.
“After 21 months, we are one day away from changing America. That's why in these last 24 hrs, we can't afford to slow down, to let up not for one hour, minute, second, not now when we have so much at stake. We have got an election to win North Carolina,” he said.
Senator Obama stressed on the terrible condition of the economy and said that changing America's situation was his reason for running for the presidency.
“America is in the worst state of recession in decades. Its time to change and that’s why North Carolina, I am running for the President of the United States. That’s the change we have to bring tomorrow,” he added.
He has said in the past that he would create a $25 billion "Jobs and Growth Fund" to invest in infrastructure, such as roads and bridges, and to save jobs. And if America elects him, he has many promises to keep.
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