By Art Smith. Posted Wednesday, Jul 30, 2008 at 1:32 pm Filed Under: 2008 Congressional Election, 2008 Presidential Election, Banks, Economy, FairTax, George W. Bush, Housing, Mortgages, TAXES, US Congress
As expected, President Bush signed HR 3221 into law this morning, making billions of federal dollars available to home owners, shoring up Fannie Mae and Freddie Mac, and providing closer oversight of the financial aspects of home ownership to the Administration and Congress.
What a shame.
After speaking with a good friend of mine that is a [...]
By Art Smith. Posted Monday, Jul 28, 2008 at 6:00 am Filed Under: Economy, Energy, Housing, Mortgages, TAXES, US Congress
In reference to my post on Saturday regarding HR 3221, the “Housing and Economic Recovery Act of 2008″, I discovered a site where there is a copy of the Congressional Budget Office Cost Estimate for HR 3221. Over the next ten years, according to the estimate, this bill will create a nearly $25 Billion [...]
By Art Smith. Posted Saturday, Jul 26, 2008 at 10:23 pm Filed Under: Economy, Energy, FairTax, Featured, George W. Bush, Housing, IRS, Military, Mortgages, Nancy Pelosi, Swamp Stompers, TAXES, US Congress
Well, it took almost 3 months, but Congress finally passed the bill today, on older version of which was passed by the House in May, after some considerable back and forth between the Senate and the House. The bill is HR 3221 (pdf), titled: “Housing and Economic Recovery Act of 2008″.
The entire bill is over [...]
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