Hillary Clinton - Making A Point, originally uploaded by Will Merydith.

If there’s one storyline that could have a dramatic impact on the 2008 presidential election, it just might be the high rate of foreclosures across America. No one has better coverage on the political impact than Soren Dayton.

Today the issue took center stage when Sen. Hillary Clinton (D.-N.Y.) unveiled a plan to “protect the American dream of home ownership.” While there’s little in the plan for a conservative to support — it is based almost entirely on more regulation and government intervention — I do commend Hillary for making it a campaign issue.

Hillary clearly gets it and is smart to talk about it now, long before anyone casts a vote. As the new RealtyTrac stats reveal, several key states have significant foreclosure numbers. Hillary’s populist plan might just be what these home owners want to hear.