First Time Home Buyers Tax Credit

I have got to be honest, I wasn't a supporter of President Obama during his campaign, but now the guy has won me over and he seems to be getting our Country on the right track. I think he is one of the better speakers I've heard in my lifetime and he seems to be following in the footstep of other Presidents who have inherited a mess. Franklin D Roosevelt turned the Country around by creating government jobs through various projects such as building public structures and paving new roads. Obama is doing something similar but using technology and new energy resources to create the jobs. What I'm most thrilled about is the $8,000 tax credit for first time home buyers. This plan is different from the 2008 recover plan were first time home buyers were issued a tax credit that they had to pay back over 15 years. Which made it really more like a 15 year interest free loan. The new plan is for a tax credit of 10% of the homes purchase price up to $8,000 which you never have to pay back as long as you live in that home for 3 years. I'm really hopping that this will push people who are thinking about buying into action and the market becomes stable again. Lets all hope and pray that President Obama keeps making good decisions like this.