AP: Obama, Clinton offer economic plans

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Democrat Barack Obama said Thursday a firmer government hand is needed on Wall Street and a $30 billion stimulus is needed to rescue homeowners and the jobless. Rival Hillary Rodham Clinton called for a new job retraining program to remedy what both candidates derided as Republican indifference to a sputtering economy.
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Among other things, the former first lady called for a new program to extend federal aid known as Pell Grants to workers enrolled in education programs aimed at updating their skills. She also promoted a pre-emptive training initiative to allow workers concerned about potential threats to their jobs to receive grants to help transition into other industries.
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While many of the two Democrats' ideas on the economy overlap, Obama laid out six different areas where he would stiffen regulations of the financial system. He proposed relief for homeowners and the long-term unemployed as part of an additional $30 billion stimulus package, much like the one Clinton offered last week.
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He said outdated government regulations have fallen dangerously behind the realities of modern finance.



http://news.yahoo.com/s/ap/20080327/ap_on_el_pr/democrats_economy