I am sure that if President Obama is asked about these programs he will offer plenty of statistics about how many homeowners have been helped. But what about homeowners who signed mortgages after 2009 and June 2009? The economy has certainly hurt homeowners who bought over the past three years.
I hope that Gov. Romney will say that he has a plan to help all homeowners and that he will provide a basic outline for his program.
Back on Aug. 30 I wrote " An Economic Policy Blueprint for a President Romney," in which I suggested an economic recovery plan targeted at Main Street.
Such a program should provide direct help to all homeowners who are current on their mortgage. It would have no red tape and no date stipulations. By fixing the housing and mortgage markets, jobs will be created on Main Street, which is the heart of the U.S. economy.In my opinion, President Obama owns the Bush stimulus programs. He used similar stimulus measures, appointed Tim Geithner as Treasury Secretary and kept Ben Bernanke as Federal Reserve chief. Thus the programs in place since the end of 2007 continued. Keep in mind that Gov. Romney said that if he were elected president, he would replace Bernanke as Fed chairman. The president needs to make the simple statement to justify his economic policy such as this: "The stock market is a leading indicator for economic growth, and stocks are up more than 70% since I was inaugurated. This is a clear sign that the slow and steady growth we have seen going into this election, will accelerate over the next four years." Gov. Romney needs to focus on the middle class and have a solid plan to help Main Street, which was abandoned by both President Bush and President Obama as Wall Street was bailed out. Our economic problems began on Main Street, and it's time to take targeted action to fix the housing market and simplify the mortgage process. Take the debate about the middle class from President Obama. A simple mortgage modification for all homeowners will help stimulate the Main Street economy and create many construction jobs across the U.S. Have a specific plan to repair Main Street, and become the 45th president of the U.S. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage. Follow @Suttmeier