Today marks the 1 year anniversary of President Barack Obama signing the American Recovery and Reinvestment Act. For the past 365 days, the purpose of this stimulus package was to take our hard earned tax
dollars to stimulate the American economy. Part of the package went
towards items such as a 2.6 million dollar solar panel system for the
Denver Museum of Nature & Science, which by the way, has over 90
million dollars in their bank account. Another $25,000 went to the
little town of Sykesville, Maryland. This well to do community of over
4,400 residents don't know where to use the money but they promised to
put it to good use. 9.3 million went to Harvard to create a colony of
tiny little robots called"robo-bees". Another $500,000 went to Duke
University so they can send 6 students each year to Costa Rica to study
the rain forest. Kinda reminds me of summer camp. Or there's the
$400,000 that went to New York State university for their study of the
affects of drinking malt liquor and smoking pot. I wonder how many
students volunteered for that study. That's just a small portion of
the long, long list of outrageous expenditures from the 856 BILLION
dollars of the stimulus. However, I believe the MOST egregious of the
amounts spent was the 700+ million dollars used just to "administer"
the program.


President Obama stated today that, "This program has run cleanly, smoothly and transparently". However, a recent poll shows that 71% of the American people do not believe it is working despite Vice President
Joe Biden commenting that the "...taxpayers have gotten their money's
worth".


Now, don't get me wrong. I am currently taking advantage of all the consequences of the past and current administration's efforts to stimulate the economy. I am pushing the $8,000 first time homebuyer
credit to help get buyers off the fence and into the market. I love
that the decline in home prices has allowed many buyers to enter the
market when just a few years ago, they thought they'd never be able to
afford a house. I love that we now have the lowest interest rates in
my lifetime. I am busy helping numerous homeowners escape the tragedy
of foreclosure by helping them with loan modifications and short
sales. And I REALLY enjoy that much of my "competition" (Realtors that recently entered the business when things were easy and good) are now jumping ship to go back to their old jobs because they don't know how to handle this type of shift in the market.


Our national debt is out of control, our unemployment rates are skyrocketing with no real recovery in sight. So where are we today? Are we better off? Have things improved? What do you say? Are you
celebrating along with the current administration or are you feeling
the hurt? I'd really like to hear your comments and find out where
everyone is in their thinking. So please let me know.


Thanks!


Are you a buyer looking for a home?

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