The homebuyer tax credit closing deadline has been extended until September 30th, 2010 for those who were under contract by April 30th, 2010. Details here. Over the last year or so we’ve had a lot of talk on this site about the homebuyer tax credit. It helped to spur activity in the real estate markets, […]
Democrats Hope To Pass A Second U.S. Stimulus Bill By Early 2010
Fresh off of a $787 billion stimulus package passed in February of 2009, congressional Democrats are now beginning to talk about passing a second, more modest stimulus package sometime within the next few months – aimed at easing the unemployment crisis. From Reuters: Congressional Democrats’ push for another U.S. stimulus package got a boost on […]
$6500 Homebuyer Tax Credit For Current Homeowners Signed Into Law Today. Is It Retroactive?
Last week I wrote about how congress was attempting once again to pass an extension of the $8000 first time homebuyer tax credit. There had been several false starts to get an extension passed as the senate and congress weren’t able to agree on amounts of credits, whether to extend the credits at all, and […]
New Legislation Will Bring Changes To The Credit Card Industry
If you’ve been reading this blog for any period of time, you probably know that I’m not a huge fan of credit cards. As a Dave Ramsey fan and facilitator for his Financial Peace University class, you’d probably understand why. In general I think that using debt and credit are just poor ways to get […]
Are You Participating In All The Doom And Gloom? Don’t! Have Hope.
Ever since last September our (or arguably before then) our economy has been in a downturn. Big companies, small lenders and consumers all engaged in irresponsible behaviors that resulted in the failure of businesses, and necessitated the bailouts of many others. People are being laid off left and right, and things are extremely tight! So […]
When Will We See An Increase In Our Paychecks Due To The Stimulus Package?
credit: kozumel A few weeks ago the American Recovery and Reinvestment Act of 2009 was passed. Since it was passed we have talked about quite a few of the benefits including home buyer tax credits, sales tax credits for new car buyers, and a post about overall stimulus package benefits. Today I thought we could […]
Video: The Crisis Of Credit Visualized
The current economic downturn that we’re experiencing can be quite overwhelming at times. It’s tough to understand, and when people try to explain, it’s easy to get lost in all the details. I found a video online that does a good job of looking at the current credit and housing crunch, and explaining how it […]
First Time Homebuyer Tax Credit of $8,000 in 2009 Economic Stimulus Package
Stimulus Package Good For First Time Homebuyers The 2009 Economic Stimulus Package passed and was signed into law earlier this week. On Wednesday I posted about what parts of the stimulus bill will affect individuals, and what benefits you can receive from the stimulus package. Today I thought I’d take a closer look at one […]
Congressional Budget Office Says 2009 Stimulus Package Could Be Harmful To Economy
credit: kevindooley The Congressional Budget Office released a statement this week stating that they believed the current versions of the 2009 stimulus package would actually be harmful to our nation’s economy in the long run. President Obama’s economic recovery package will actually hurt the economy more in the long run than if he were to […]
President-Elect Obama Talks About Tax Cuts And Stimulus Package
In his address this week President-elect Obama talked about how his administration plans to face the many economic challenges that face them this coming year. In this week’s weekly address, President-elect Barack Obama lays out the challenges that face us in the new year, and his plan for taking them on. “We need an American […]
Obama 2009 Stimulus Plan Could Exceed $775 Billion Dollars
As the new year gets closer the President-elect and his team are making plans for the new year, and his first term in office. One of the first things on the table, a stimulus package that could reach or exceed $775 billion dollars. Regarding the new administration’s stimulus plan, Mr. Axelrod also said that the […]
Greed. It Never Ends Well.
If you’ve been watching the news lately you’ve probably seen the rash of bad news that we’ve had surrounding large companies and CEOs keeping cooked books, running Ponzi schemes and just defrauding people in all sorts of ways. It hasn’t been one isolated incident, but multiple incidents. The one thing they all have in common? […]
Obama Considers $500 Billion Stimulus Package For Early 2009
credit: Tony the Misfit Sounds like a stimulus plan is in the works, to be signed by President elect Obama once he is sworn in. From the Wall Street Journal: Aides to President-elect Barack Obama and President George W. Bush are rushing to craft measures to shore up financial markets and prevent a policy vacuum […]
Full Scale Stimulus Package Pushed Back Until After Inauguration
An article in the Washington Post announced today that democrats have put plans for a full scale stimulus package on hold, at least until after Barack Obama is inaugurated in January. Congressional Democrats yesterday abandoned plans to offer a wide-ranging economic stimulus plan next week, putting off any chance that the federal government would provide […]
