Wall Street has been gyrating as it considers the Bush
Administration's proposed economic stimulus plan and the Democrat
controlled Congress's response to it. The plan is largely based on tax
cuts for businesses and small cash rebates to individuals and families
which Washington apparently hopes will be quickly spent rather than saved
or used to pay down debt.
What is clearly missing in the current
proposals is any mention of the terrible state of
housing which started the current economic slide.
There
are a dozen places that the government could plug in and
stimulate the housing/lending industry...
...