Obama’s Economic Recovery House Meetings

By: Diane Tuman, Zillow Content Manager | February 2, 2009

As he did prior to being elected president, Barack Obama is taking to cyberspace again to unify people on a grassroots level. Called “house meetings,” President Obama is asking you and your neighbors to gather in a house or coffee shop this weekend and hold a meeting to:

Connect with your neighbors and discuss how the current economic crisis is affecting your community.
Watch a short video that will outline the basics of President Obama’s economic recovery plan focusing on how it will impact working families.
Commit to taking the next steps in your community to help push forward President Obama’s plan to jumpstart job creation and long-term economic growth.

Interested?

Host an Economic Recovery house meeting Saturday, February 7th.

If you don’t host or attend one, that’s OK. Just submit a question and get your questions out there. I submitted one, wanting to know the details of the $7,500 tax credit proposal: Is it only for first-time homebuyers? Do you have to refund the money? What are the deadlines to be eligible? Is it retroactive?

A lot of people like the sounds of the idea, but the devil is in the details.

Stumble it!
Categories: Real Estate Industry

Comments

8 Comments so far

Robert Eskiw on February 2, 2009 1:34 pm

I think we all need to hope and pray that Obama figures out how to turn things around. It’s pretty messed up as it is.

Robert Eskiw - Home In Edmonton
Spencer Rascoff on February 2, 2009 2:16 pm

cool
Tim Wright on February 2, 2009 2:47 pm

OK — this site is obviosly very political….. only those on the Obama -email list have heard about these hostings.

Check out the details of the so-called stimulus plan. It’s available online from Congress. Nothing in there will help us home owners….
Lalaine De Leon on February 2, 2009 3:32 pm

The main problem is I believe the inability of banks to lend money to individuals, and small business, which slashed away people’s ability to spend. Our economy’s growth is based on “credit”. On the other hand, people are freezing their assets to buy and invest in stock markets because of the financial loss vs. profit they have gained the past few months.
Finally, since millions of families have been affected by mortgage crisis, forclosures, their credit standing has been tremendously affected as well; thus, their ability to borrow money has been frozen, if not eliminated as well. If we continue on this path, where no one out there could qualify for any types of loans, for instance mortgage, auto finance, travel, even getting a decent job because of one’s credit standing, then, how can anyone expect this economy would run or improve within the next decade?
Lisa on February 4, 2009 10:14 am

I think you all are right. We have a home here in Snowflake and I talked to our mortgage company and they say that nothing can afect them, that they can do what they want to no matter what people our goverment doe’s. I whould like to know if there’s help for us home owners out there. With out lossing our home’s. Were going to ve on the verg before to long,cause my other half is’t working like he was. So I hope there is help on the way, sooon.
Prince William Homes on March 1, 2009 7:35 pm

It is interesting that though the administration mouths they want solutions, the dredit is pared form 15K to 8K for a first time home buyer with income limits. The bill was cut from 35 billion to 2-3 billion, and the administration wants to cut mortgage interest deductions. So they espouse aid, and their actions say different. They did not even read the bill before signing.
Herman on October 8, 2009 10:31 am

Did the Housing Bill Pass to extend $8000.00 Tax Credit
Diane Tuman on October 8, 2009 12:39 pm

No — not yet, although it’s being discussed.