American Recovery and Reinvestment Act of 2009

The House of Representatives and the U.S. Senate today voted today to approve the American Recovery and Reinvestment Act of 2009. This act known to most as just the second stimulus package, is promised to provide the boost our economy needs to get out of this recession. The bill text doesn’t appear to be available yet. You can get the full text of the bill, as of February 10, at the online library of congress. This copy of the bill still seems to include the $15,000 home buyers tax credit which word is has been reduced to $8,000 in the approved bill. You can find the text of the bill on line at the Library of Congress Website listed as the congressional report on H.R.1. The bill does list that the first time home buyer tax credit is increased from $7,500 to $8,000 for homes purchased after December 31st, 2008 and before December 1, 2009.

Here is the kicker on this whole deal, as I write this article the Senate is still awaiting the 60th vote from Senator Brown D-OH. This Senator is being flown in on a jet, by the White House, to make his vote, and will then be flown back to OH so he can attend a funeral. I am all for this person attending funerals, or doing whatever else they need to do but I am not paying for this, seriously we call out GM for flying a jet to DC and then we shuttle Senator’s around on the White House’s dime. Bet McCain didn’t get picked up by Air Force One to make it in for his vote today.

— Enjoy your weekend I am turning the news off.

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