Obamanomics

Obama plans to unveil specifics of his economic plan this afternoon in Toledo.

Democratic presidential candidate Barack Obama plans to give a speech on the financial crisis and issue a ``rescue plan'' for the middle class, his campaign said.

``Our economy is facing its greatest uncertainty in over 70 years,'' the Illinois senator's campaign said in an e-mail to reporters this morning. ``Families who saw their incomes decline by $2,000 in the economic `expansion' from 2000 to 2007 now risk seeing deeper income losses.''

His campaign didn't release details about the new proposals. Obama, 47, is due to speak at 1:30 p.m. local time today in Toledo, Ohio. It's the only public event he has scheduled in the next few days as he prepares for his final debate with Republican nominee John McCain on Oct. 15.

Will the plan include any austerity measures? Times are tough here in the tri-state and across Ohio. Perhaps on October 29 during the 30-minute prime-time block he's bought we'll find out more about that.

Obama needs to be ready to hit the ground running with his econ team on November 5, and part of that I think needs to include leveling with the American people on the fact the party's over.