Senator Isakson speaks on the Senate floor about a 9/11-style commission to investigate the causes of the Financial Crisis. April 22, 2009.
Senator Isakson speaks on the Senate floor about a 9/11-style commission to investigate the causes of the Financial Crisis.
Sen. Isakson criticizes President Obama's budget for borrowing, spending and taxing too much and does not believe that it will stimulate the economy. Instead, Isakson offers his own solution to the economic crisis in the form of a housing tax credit that would encourage homebuyers to get back in the market, therefore reducing existing inventory. Isakson argues that the housing market is the key to getting the economy back on track.
Sen. Isakson shares the devastating effects that inflexible mark-to-market accounting rules on the overall economy. He has repeatedly called for reform of these rules because he believe they are disproportionately penalizing American banks.
Sen. Isakson explains the importance of fixing the housing market in order to stimulate the economy through his "Fix Housing First" proposal. He argues that we have an existing roadmap for solving this problem due to a similar situation in the 1970s. He was a Realtor at that time and a federal housing tax credit restored the housing market during an economic recession. Therefore, Senator Isakson proposes a $15,000 tax credit to give consumers an incentive for purchasing a home.
Senator Johnny Isakson on MSNBC discussing the proposed economic stimulus bill and the housing crisis.
Senator Johnny Isakson welcomes you to YouTube. Visit http://www.youtube.com/SenatorIsakson for more videos.
Senator Johnny Isakson on Fox Business Channel discussing the Senate Commerce Committee hearing where leaders from General Motors and Chrysler testified.
Senator Isakson discusses the Lilly Ledbetter Act and advocates that the bill should apply only to action taken after bill is signed. January 22, 2009.