What Billionaire Wilbur Ross is Buying and Extending the Home Buyer's Credit

This morning was a lot of fun! I joined Imus on his show. We talked about last night's Yankees game, Levon Helm (it's a long story but simply put it involves a picture of me and a "Midnight Ramble").

Then Wilbur Ross joined me for an exclusive interview. Wilbur Ross is a legend in the investing community. He's considered a contratrian investor because he buys when everyone else is selling. That's exactly what he is doing right now. Buying, buying and buying and he's enjoying it! I told him he's aging like a fine wine. The older he gets, the more he invests. He had such interesting things to say about the economy. This is a man who knows what he's talking about. Listen to what he describes as an unsustainable services based economy, a devaluation of the dollar to reclaim jobs particularly in manufacturing and why the Middle Class is getting left behind.

Following my interview with Wilbur Ross, Sen. Johnny Isakson, (R-GA), joined me to talk about the extension of the first-time home buyer tax credit. The senator, along with a couple of his colleagues, proposed legislation yesterday that would extend the timing of the program and allow trade-up buyers with higher incomes to take advantage of the program. He says his plan would help sell 700,000 homes and create 587,000 jobs.

What do you think? Should we extend the tax credit? I say YES!

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