We are in for rough times anyway.
No plan can get us out without some major pain.
But this plan would at least give people a little breathing room, time to prepare.
I like the increased new homeowner credit bump to 15000 - I wish they would do the same (albeit lower) for cars and other large durables and/or investments into retrofits to ones existing home (i.e. solar panels, etc). My biggest fear is mass unemployment. When people are unemployed it has a dramatic effect on all elements - crime, health, education, imcrease in birth rates (many not prepared for), etc.