I wish I had more time to write about this, but here’s my brief take. Heidi and I will happily accept the $600 or $1200 or whatever we’re going to get under this plan. The thing is, we don’t need it, and there are sectors of the economy being hard hit by this downturn. A better policy would be more targeted and not in the form of tax rebates that get spread too thinly to do any good. Imagine what $100 billion in public works projects that employ the folks most directly affected by the housing downturn would do. Compare that to $300. Can’t even pay rent with that.

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