[VRM]

The DNC is not solely responsible for this mess.

Subprime loans are nothing new - they did not just pop up at the request of Frank/Dodd. When you have a lower credit score you will pay more for a loan. When your loan is bundled as an asset it will have a higher risk rating, but it will also have a higher payoff IF the loan is paid off and is not defaulted. Adding more subprime loans is not necessarily a bad thing. Adding loans that had little to no chance of being paid off is a bad thing. Some of this was Barney Frank, but most of it was just plain greed on the part of the lenders. They got paid for every loan they wrote. And then the underwriters passed the risk of the loans on to investors by the securitisation of those mortgages, so there we no incentive for them to properly scrutinise those loans - in fact it was exactly the opposite, thanks to deregulation championed by GOP senator and McCain financial adviser Phil Gramm, and signed by Clinton.

That said, I agree with Freddie - tax cuts will be the biggest shot in the arm with the quickest results. I also want to invest in some medium and long term results.

$825B

$650B tax cut - Every family that makes between $40-200K would get it.

$50B fed infrastructure

$50B state infrastructure - divided by population amongst states.

$50B Alternate energy R&D

$25B math/science education