Actually only 350 billion has been spent. Mortgage rates are currently at their lowest level ever, according to Fredie Mac, 5.01 percent. This was a goal of the intial investment of 350 billion and, at least when it comes to mortgage rates, it is having an effect. Freeing up credit will help get real estate going.

I agree with several of these posts. I hate to see the money handed out to individuals as tax cuts. I would rather see a large percentage of the stimulus to be spent on infrastructure improvement, paying to help businesses hire new employees, help start new businesses that are a benefit to our country. But we have to be careful because infrastructure improvement can quickly become pork. The bridge to nowhere was probably described as an infrastructure investment when it was proposed.

I do think that the bush tax cuts for the rich should be repealed immediately, at least the top end of it.

Obama has just today been given defacto control over the 350 billion remaining in the TARP money and has indicated that he will use it at least partly to stop foreclosures. This can only help our industry, although I have to admit that I do a lot of foreclosure searches.

to post a reply: login - or - register