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Unformatted text preview: of the GDP! Also, by focusing on the private sector instead of the public, we are not relying on borrowed money from the FED, but rather promoting private spending. Because people will be motivated to lower their mortgage, remodeling ones home will be imperative, directly creating 9 million jobs. Although ones mortgage will go up after the renovations, with the tax credit and the monthly mortgage reduction, one will actually be saving money on their monthly mortgage payment while greatly reducing carbon emissions. For example, there will be an estimated $236 billion dollar annual restoration market under the plan, all while saving between $44-69 billion dollars in energy savings. By coupling energy reduction requirements with mortgage buy-down, the government can leverage the effectiveness of these reductions to keep families in their homes and revive the economy....
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- Winter '09