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It’s a race to the white house and McCain and Obama are hoping for your vote. But how will the candidates’ plans hit your bank account? Here are five ways Obama’s economic plan could impact the average American.

Tax Stimulus
Overall, the Obama tax stimulus plan calls for $20 billion to be distributed, but at $300 per family it’ll barely be noticed by the average American family. Small comfort items could be added to the cart that week so it may be time to look into strong grocers like Kroger.

Foreclosure Prevention Fund
Obama’s $10 billion Foreclosure Prevention Fund may be good news for for-profit consumer credit services. His plan calls for ‘pre-foreclosure’ counseling to help families act responsibly when it comes to foreclosure and refinancing.

Tax Preparation Simplification
The concept of simplified tax returns sounds good to a lot of people, everyone except tax preparers. Obama wants Americans to have the option of receiving pre-filled tax forms from their employers. We would only need to verify, sign and return. This move could cut $2 billion in tax preparer fees. Not good news for H&R Block.

Green Technology Investment
5 Million New ‘green’ jobs could be created if Obama gets into office. His plan calls for $150 billion invested over 10 years in next generation biofuels and the infrastructure they require. Look for solid companies making hybrid vehicles, commercial scale renewable energy, low emissions coal manufacturing, and digital electricity grid service providers.

After School Care
Obama’s plan includes expanded after school care for American kids. In addition to doubling the current federal funding for the 21st Century Learning Centers program so that it served a million more children, performance and effectiveness would be monitored. Childcare and educational consultants could profit from new contracts. Look for a company that can consolidate the industry.
Written By: Lela Davidson