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| Democratic presidential hopeful Sen. Barack Obama, D-Ill., speaks in the Great Hall of New York's Cooper Union, Thursday, March 27, 2008. |
NEW YORK (AP) -- Democrat Barack Obama proposes relief for homeowners and an additional $30 billion stimulus package to address the nation's economic woes.
The presidential candidate spoke not far from Wall Street, hard hit by the mortgage meltdown and credit problems. New York Mayor Michael Bloomberg, the almost candidate, introduced Obama but stopped short of an endorsement.
Bemoaning the nation's economic woes, Obama dismisses Republican rival John McCain's approach. Obama says McCain's plan "amounts to little more than watching this crisis happen."
The political debate comes as a new government report shows the economy nearly sputtered out at the end of the year and is probably faring even worse amid continuing housing, credit and financial crises.
