my real estate reviving plan

While haveing a short sleepless moment and thinking about Obamas task for today to get the economy going, i came up the the following idea.

We have high unemployment ( !0 % )that needs to be solved with work and business activities in the states. All the government ideas to give every one a few hundred $$$ will not work except for Walmart and China where most of the money goes.The middle class will just use it to pay off some debt.

I propose we make 10 % of the purchase price of a home tax deductible up to a max. of $ 50,000 for a $500,000 home. I was also thinking to make this higher for new construction maybe 15 %.

Home construction,remodelling,interior decorating is a major stimulus for the economy as we saw in the early years of this decade.

Maybe a simular system can be designed for domestic produced cars. But I am not sure about political problems with Japan, Korea and Germany.

I did not do a reality check on these numbers ,maybe one of the accountants that see this blog can do that for me.

Let me know what you think.Have agreat day !