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PrintFebruary 20, 2009
Don't know much about Arithmetic
President Barack Obama's $275 Billion Housing Handout is designed to help 9 Million American homeowners.
The Obama Administration's summary of the plan says the it could offer a buffer of up to $6,000 against value declines on the average home.
Wait a minute.
$275,000,000,000 divided by 9,000,000 mortgages is $30,555 per mortgage. What happens to the rest?
Source: CNBC, "Housing Plan: $275 Billion to Help 9 Million Families,"
