I think chips is correct that the Obama tax plan is a credit and not a bracket reduction.
As far as toxic mortgages go there is plenty of blame to go around. Anyone thinking otherwise is just being ideological or angry. One thing is for sure both sides share one thing in common. Greed and Power.
Expect higher inflation from this 700 billion, same for granting tax cuts. There’s a fine line between tax rates, growing the economy and inflation. They all have to be balanced.