October 20, 2009

First Time Homebuyer Credit

Looks like that the First Time Homebuyer credit may get extended. Senator Johnny Isakson (R-GA) is pushing this through the Senate at a hearing today.

You can follow the results of the U.S. Senate Banking Committee hearing. After the hearing is over you can download the transcript of all the participants.

Read Senator Johnny Isakson floor statement on exapanding the Homebuyer Tax Credit until May of 2010. Here's a quote:

People will say: Well, it costs too much. Let's look at what we have done in 2 1/2 or 1 1/2 years in terms of cost to try to save an ailing economy. We have put $85 billion in 1 night in AIG. That is a lot more money than $16 billion. The Federal Reserve has at one place or another invested over $5 trillion. That is a lot more than $16 billion. The stimulus, which is a 2-year stimulus, which is just in its infancy of trying to make some difference, was $787 billion. The Troubled Asset Relief Program, or TARP, which was passed in October of last year, was $700 billion. Yet we have a proposal that has generated 350,000 sales, costs $16 billion, that is about to die, where all of those other programs and trillions of dollars have only saved a collapse but not regenerated an economy.

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October 20, 2009

Apple II at the Smithsonian.

Someone at the Smithsonian National Museum of American History doesn't like Apple. Click on the image to see a larger view of a exhibit at the Smithsonian. Notice the price of the Apple I. 

Someone at Reddit told me that the price is correct, and that its not some trick that someone at the Smithsonian did. I can't believe that to be true, but there is an old brochure that shows the price of the Apple I as the same as the one in the Smithsonian.

Next time I'll double check my facts before posting it.

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