I believe that Hillary is looking to awaken the ghosts of FDR with her sweeping economic stimulus package. The plan is heavy on bailouts, rule changes, and expansion of several already bloated government programs. Clinton gives tax cuts a token look promising to look at a 40 billion dollar direct tax cut only if the recession continues to worse.
Clinton plans on not only giving a 30 billion dollar bailout to struggling mortgage holders but also ten billion dollars to expand unemployment insurance, and $25 billion for heating assistance.
She wants to put a moratorium on foreclosures. If all of that still fails she wants to give a tax cut.
This is a poor man's version of FDR's first 100 days. There are layers and layers of things going on here. First, it is pretty obvious that something about her message on mortgages is polling well because it is becoming a bigger and bigger portion of her domestic policy. If that is so, I would love to see the polling her plan receives among general election voters. I just cannot believe that the majority of the country would buy the garbage she is spewing.
Her purported mortgage bailout is nothing more than a plan to delay the inevitable. The idea that holding off the banks for ninety days will do anything is the sort of thing someone naive and with no understanding of the dynamics of the crisis would suggest. If someone is about to be foreclosed they have missed payments for six months and more. Moratorium or not, their situation is dire. She can hold off the bank for ninety days but that won't change the dynamic that got them there. ( Here is my previous review of her mortgage bailout.)
The stimulus through government spending not only takes Clinton to her socialist roots but I believe it is also some sort of homage to FDR. In any case, I think it should be clear to the voters how each party party would approach the economic crisis.
This sort of big government populism should be a staple in every democrat's economic stimulus package. The Republicans will respond with tax cuts like what Rudy proposed. McCain has tied all of this to spending cuts while Thompson and Huckabee have used the debate to highlight their respective flat and fair tax proposals. We will see what the public likes...
Please check out my new books, "Prosecutors Gone Wild: The Inside Story of the Trial of Chuck Panici, John Gliottoni, and Louise Marshall" and also, "The Definitive Dossier of PTSD in Whistleblowers"