Senate plans to add infrastructure and housing aid to stim

[w¡n9Nµ7 §£@¥€r 123]

Democrats plan to add money for infrastructure projects to President Barack Obama’s economic stimulus package next week in a bid to win over Republican lawmakers, said Senator Charles Schumer of New York.

Schumer, the chamber’s third-ranking Democrat, said his party plans to offer at least two such amendments including one increasing mass-transit funds by $3 billion.

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Senate Minority Leader Mitch McConnell, a Kentucky Republican, said yesterday the House plan “doesn’t fix the main problem, which is housing,” and that his colleagues want to make changes “which will actually stimulate the economy.”

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Schumer didn’t put a price tag on the total potential increase, though he said, “There are Republicans as well as Democrats who think there ought to be more infrastructure spending.”

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Schumer said Democrats may also compromise with Republicans who say the stimulus plan wouldn’t do enough to boost the housing market. “There is some openness for changes on the tax side” of the package, he said.

http://www.bloomberg.com/apps/news?pid=206...&refer=home

[rebeccajo 14]

Do we need more houses?

Or are they talking rental properties?

[w¡n9Nµ7 §£@¥€r 123]

Do we need more houses?

Or are they talking rental properties?

they're talking about increasing the tax credit for 1st time homebuyers or removing the current requirement to pay the 'credit' back over 10 yrs.

plankton theory states it might do the trick.

[rebeccajo 14]

Do we need more houses?

Or are they talking rental properties?

they're talking about increasing the tax credit for 1st time homebuyers or removing the current requirement to pay the 'credit' back over 10 yrs.

plankton theory states it might do the trick.

Oh well, that'd be a good thing.

If (and that's a big if) some of these youngsters can afford to buy. *It's usually younger folks who are the first time buyers*

[w¡n9Nµ7 §£@¥€r 123]

Do we need more houses?

Or are they talking rental properties?

they're talking about increasing the tax credit for 1st time homebuyers or removing the current requirement to pay the 'credit' back over 10 yrs.

plankton theory states it might do the trick.

Oh well, that'd be a good thing.

If (and that's a big if) some of these youngsters can afford to buy. *It's usually younger folks who are the first time buyers*

Wassup with WV?

[rebeccajo 14]

*shrugs*

I dunno.

We never had those HUGE equity swings, so maybe that's why. And there were predatory lenders around, but the regular commercial banks were competitive.

Maybe it's just that we are more financially conservative and didn't go for a lot of those weirdo loan products.