Wednesday, February 11, 2009

Studying the Congressional Bailout

Studying the congressional bailout has Jack and I hanging by our thumbs. You need to be a tax lawyer to fully understand what they are proposing in each house of congress and what they will finally work out as a compromise between the two houses. In the meantime the American citizen keeps sucking up the damage that the economy is doing to his personal finances.

For instance, who qualifies for the first time buyers of homes $15,000 tax credit write off? Could you qualify if you bought in 2008? And is the deadline to qualify a home purchased by the end of June of 2009? Beats me. And this is just one small legal detail in this ginormous bailout package.

Well, I guess the stimulus is creating jobs for lawyers if not for blue color workers who are looking for new jobs now that all kinds of manufacturing and construction jobs have been lost in the past year.

In my next life I'm going to be a lawyer.

4 comments:

June said...

I'm sure you'll feel better in the morning and will rethink the idea of being a lawyer. We have stopped watching the news mostly and . . .

Lawstude said...

ooops. i am a lawyer but i enjoy photography better lol.

Let me share to you My World thru Cagayan De Oro's Night Cafe.

DragonQuilter said...

I'm with you on trying to figure it out. I still can't figure out how this will help create jobs in other than blue collar areas but at least I would be thankful for that for others! Sigh!!

fishing guy said...

Joann: I agree, it is such a complicated thing.