Obama's Economic Plan Is A Pitch to the Working Class - washingtonpost.com

Obama's Economic Plan Is A Pitch to the Working Class - washingtonpost.com: "He said he could pay for "every single element of this economic agenda" -- primarily by ending the Iraq war and by increasing taxes on corporations and the wealthiest Americans.

The newest element of his proposal was the establishment of a National Infrastructure Reinvestment Bank, which would spend $60 billion over a decade to rebuild deteriorating roads, bridges and waterways. Obama said the spending would generate 2 million new jobs, many of them in a construction industry that has been hard hit by the housing market downturn.

Obama took a page from the 2004 presidential campaign of Sen. John F. Kerry (D-Mass.), promising to fund his spending by ending tax breaks that he says encourage companies to invest overseas.

Clinton's campaign quoted a McCain economic adviser as dismissing Obama's proposals as "the most shameless piece of potential plagiarism" that he had seen because of its similarity to Clinton's own plan.