Democrat presidential nominee Sen. Obama has threatened to stop tax breaks for US companies that outsource jobs to foreign destinations. This stand forms a major plank of his economic policy which is committed to keeping jobs within the country in order to prevent further lay offs in a stagnant economy.
In his first major election campaign after the Democrat Convention at Denver, Colorado last week, Sen. Obama stressed that he and his running mate Sen. Joseph Biden are serious about cutting off tax breaks for those companies which ship jobs overseas. Instead he said, that tax incentives will go to those companies that invest and create more jobs in the US.
Speaking at an election rally in Dublin, Ohio Sen. Obama made a strong anti-outsourcing pitch and criticized the Bush administration for economic policies which have not only put thousands of American out of jobs but has also meant loss of healthcare and pension. Obama further railed at the Republican nominee Sen. John McCain of being a clone of the Bush government who was sure to carry on the same policies of the past two presidential terms.
The state of the US economy has proved to be hotbed of election issues with both presidential candidates accusing the other of pursuing policies which would push the country further into stagnation.
