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McCain vows to fight for new direction, distances himself from Bush WASHINGTON - Democrat Barack Obama, bidding to extend his lead in the polls, proposed Monday to put home foreclosures on hold and give tax breaks to businesses that create jobs, while Republican opponent John McCain issued veiled but stinging criticism of the Bush administration. With the U.S. economy threatened with an extended and deep recession, both candidates were mining deep anxieties among voters who watched helplessly last week as last week as the stock market plunged nearly 20 percent, wiping away billions of dollars in retirement savings. Tens of thousands of Americans already have lost their homes to foreclosures and unemployment continues to climb. Speaking in Toledo, Ohio, Obama laid out four new proposals that included a 90-day moratorium on... [read full story]
