President Obama is speaking this morning at the Brookings Institution think tank in Washington, D.C., — live feed is here. The key tidbits are starting to filter out. His proposals include a complete elimination of capital gains taxes on investments in small businessess, and use of TARP funds, as widely speculated. Reuters mentions Obama will try to extend unemployment insurance and COBRA health benefits. Obama is making the case for why the “series of speculative busts” cannot continue in the financial system.
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