The White House, of course, isn’t just focused on bank bailouts. The administration’s economic stimulus plan is targeted squarely on regular working (and out-of-work) Americans. There are whole truckloads of tax credits, additions to unemployment benefits, healthcare subsidies for layoff victims, home-buyer tax breaks, and even
extra monies in each working-person’s paycheck. For struggling homeowners, there’s a pretty extensive loan modification program, and another program devoted to facilitating low-interest refinancing of burdensome mortgages.
If it’s possible to filter out the misplaced anger and the finger-pointing, I wonder, do the protesters have a point? Is Obama’s plan leaving some people out? What’s your take? Do you have “troubled assetsâ€ that need tending to? How would you fix the economy if you were in charge?
John Simons is the senior personal finance editor at Black Enterprise magazine.