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The New York Times reports President Bush's announcement on the economy today:
WASHINGTON — President Bush called on Friday for a $140 billion to $145 billion mix of tax rebates for American families and incentives for businesses to provide “a shot in the arm to keep a fundamentally strong economy healthy” and avert a slide into recession.
Here is Senator Obama's response to Bush's plan:
After months and months of watching families struggle to get by in this economy, George Bush finally offered a plan that would leave out tens of millions of working Americans and seniors who need help most and are most likely to spend and boost our economy. That’s why when I announced my economic stimulus package last week, I called for immediate tax relief for working families and seniors who shouldn’t have to wait for help any longer.