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The story of the stimulus - Paul Krugman Blog - NYTimes.com
Paul Krugman tells the story of stimulus...
Obama or McCain - who’s better for Housing Market | Wexzilla - Phoenix | Scottsdale Real Estate
Blogger James Wexler summarizes McCain and Obama's strategies for dealing with America's housing crisis:
"Sen. Obama has suggested $10billion in government funding to help homeowners sell their homes of modify their loans to avoid bankruptcy or Foreclosure.
Sen. McCain feels like this is a bailout. He feels struggling homeowner and borrowers should share the responsibility and if helped should share equity (if there is a gain) with the lender and Federal Government.
Obama wants the government to lend money to struggling home owners. Money which usually comes in the form of higher taxes
McCain has pledged to eliminate (AMT ) taxes. A break that many Americans want (and need). However AMT tax cut with other extended tax cuts leaves less money for such help to home owners. Unless, other government programs are sacrificed. A move, most do not want."
Rebates won't work, say 82% of Americans in poll - May. 9, 2008
The impact of the $110 billion of tax rebates Americans can expect in the mail in the next month is questionable to most Americans: "Only 24% of respondents said they would spend the check on something they need or want. Nearly half - 45% - of those polled said they would use the check to pay off bills, and 22% said they would put it in the bank." \n\nNot looking too good as far as "stimulus" goes...
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