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Keep on spending that money. In response to D. Tree, I am lower middle class and I can assure you I never received a tax cut under Obama the fact is I now pay more thank you very much. Obama forgot to mention that all that change he was talking about during the campaing was all that anyone's going to have left by the time he gets through.

THIS IS A GOOD THING

This particular $8,000.00 tax incentive has proven to be a powerful tool to stimulate home purchases. When people buy homes:

(1.) it spurs the economy and eventually down the road these home buyers pay state and local property taxes,
(2.) which helps fill the governments pocket,
(3.) which spur more government incentives to do more things to spur the national economy.

This is a good thing. Congratulations to bipartisanship.

At least it is an incentive I may qualify for. That will be a first.

LOL, spend that money print some more and spend that to. I do know that there are people out there that need help like this but then there are some out there that can't even make it from day to day and our taxes are paying for them a fine ass house and then some but the ones that need it the most are still homeless

GOD BLESS AMERICA AND THE PEOPLE!!!!!!!!!!!!!!!!!!!!!!!!
if I can still say GOD

Afghanistan? The let Pakistan, & India sort out their differnces, and fight the: "Arab Merceneries." themselves.. We all had them in our time. The thing is: what is their (Merceneries), intensions in that part of their world.. You Mr USA. Ho Ho Ho! Your so funny!!!
Wait until, the Easter Bunny. You will not be talking so Tough come Spring 2010...

This seems somewhat familiar, where have I seen this before, the government pushing people to buy stuff they can't afford.

IRA? I Read Ahead____. I will get your eventually!

Out of curiosity, why do homebuyers get a tax credit, while millions upon millions of renters get none? Are we in any way less productive in this economy? Are we less patriotic? Are we not paying our fair share of taxes?

What a country....hold your hand out and get money. Dodd got his sweetheart deal why shouldn't everyone else?

Again, the government is interfering in the markets by propping up housing sales with tax payer money. This is how we got into this mess in the first place (Gov't interfering in the markets). What is going to happen to the housing market, and to the values of the houses now being sold through these programs, when the government is no longer extending the credits? And the money the gov't does make ($300M) won't even cover the YTD fraud they have already uncovered... Two years from now we will be talking about just how bad of an idea this was...

Great I hope people are taking advantage of this bill. It will help the economy

And who pays for all this? I already know the answer, but i just have to ask it hoping by some miracle, you idiot liberals will contemplate it.

And dodd and barney were in charge of the fannie and freddie fiasco that started this mess to start with? that's scary.

what about all the people who took advantage of the $7,500 tax credit last year. they keep giving everyone else money when we have to pay that back over.

Hopefully this can get young first time home-buyers, and those looking for that dream home...

...in a buying mood...

...slowly but surely the President's plans are bearing fruit...

...the country's GDP grew at @ 3.5%...

...that's GREAT news...

...and the Wall Street mafia (and Rick "Sanctimonious" Santelli) are CRYING!!!!

well..

I guess its better then the govt. squaring away the bankers again. So what do I get for doing the right thing and paying on time ... oh thats right i get the shaft....... and the gop wants to extend this part of the stimulus package? they better check with rush and glen beck.. and just for the heck of it... check and see who is nailin palin.oopps i mean check with nailin palin..not who's nailin palin .. after all she has lead the way with this program in alaska ... hasn't she?

Geez, when will they quit throwing our money away on all these worthless programs? Wheres the program and give away to all of who were responsible and pay our mortgage on time, don't have credit card debt and pay all our taxes? Oh yeah, our reward will be even more taxes out the tax and spend bunch. I got a buck, they want more than half of it. When does it end?

I agree with what the government is doing in helping people stay in their home or buy a home because we have to save the overall economy, "but"
OTOH, it irks me that I have to bail out people who live in a house much better than mine because they bought a home they couldn't afford.
Plus, now we are giving a tax credit for people to buy a home, which means I am also paying for that. Where was the government when we bought a home and one that we could afford? Nowhere to be found!

All you bailed out homeowners need to realize you have to be able to afford the payments so next time buy something that fits your budget! Lenders will tell you that you can afford a home you can't because they get paid a commission on every loan. Next time figure out a budget to see if you can afford the home including a fund for the unexpected so you don't have to use your equity to buy new cars so you can "look" like you can afford to live better than the rest of us.

And just yesterday it was reported that this program is rife with bogus claims, including quite a few from government employees. So of course Congress wants to extend it. After all, we can never have too much corruption.

The housing problem was not started by irresponsible borrowers

It was not the government nor the borrowers, bundled subprime and prime mortgages together and then sliced them into derivatives and them on a closed market.

The government and borrowers did not set up this house of cards, that came falling down when NO ONE could LOCATE the individuals that were defaulting on a specific mortgage. If the industry had been able to locate and isolate the bad loans as a whole entity, none of the mortgage debacle would have happened.

The government and the borrowers did not come up with credit swaps to sell as insurance against loss in the derivatives market.

That was completely the work of big business "wizards" and the deregulations per Phil Gramm 1circa 1999

More tax dollars wasted again.

Someone please explain how decreased home values have contributed to the economic recession. If I'm living in my home why should I care what value someone else sets on it? If the prices are depressed the houses should sell easier. Besides, the buying frenzy of the past shot house prices thru the roof, and now they are falling back to where they should be anyway.
The tax break that GA Senator Isakson is so proud of has helped to raise the house prices again, meaning even with the tax break the buyers will pay the money back through higher mortgages.

I'm SO GREATFUL to have such a HARD WORKING President making a differnce in the lives of the AVERAGE AMERICAN.

stand up and call them out for who they are.

Meanwhile Republicans and Teabaggers complain about taxation - ignoring the fact that Dems have been cutting taxes and extending credits all year long.

Heck, most of these people protesting against the Recovery Act don't even realize they got a big tax cut from it!

About time the Dems got up and called the LIARS for what they are. In the past, they just sat back and took it, as if to stand up for the truth wasn't the nice thing to do.

Forget nice. They don't play nice. Set the record straight. Call out the pharisees for who they are.

Borrowers need to take responsibility, if they applied for a loan they could not afford then they should face the consequences...

Look at the critics. Partisan hacks, through and through. Here's a policy that actually CUTS taxes and you knot heads from the right are against it.

Hey I'm not going to argue, I made the cut (for the first time in 45 years of being alive) to finally purchase a home. I'll take all the help I can get thank you. I've had a full time job and paid the highest (single) taxes for 30 years now with little to show for it other than keeping everyone else's grandma on Medicare or a sister on social security or preserving the national forests.. Thanks to both Senators for a helping shot in the arm. Raise taxes to pay for government programs and services? Who would have thought? Actual Revenue? What a concept! Oh wait, we didn't include the 3 trillion for the Iraq war!

Did they figure out a way to keep children under 10 from getting the credit??

Big government at it's best.

Yippee! My family now qualifies for the $6,500 credit . I'll be out looking for a new home this winter.

we may be making it barely financially, but we are neglecting everything else – church, community, our children's education – just to pay our bills

being financially responsible is costing our country's soul

I thought the republicans said the stimuls bill asn't working, why are they now voting to extend it...

Why don't they come up with a program where if your house is not insulated very well you can trade it in to a builder who bulldozes it and gives you $100,000 off a new energy-efficient house? Bucks for Bungalows?

Big deal. What they need to do is fix the existing mortgage mess and revise the "rules" for loan modification so that more homeowners can save their homes.

why not the government got lots of money.....