possible extension of tax credit

Currently the $8000 tax credit for First Time Homebuyers is set to expire on 12/01/2009.
There is talk that Congress will OK an extension until Jan. 1, 2011. Forget about increasing the credit to $15,000 and offering it to all buyers-not just for first timers.
I'm so excited I received an approval for a buyer that lives off of the "grid". She has a savings account; but no checking. No credit cards, she didn't even have a credit score. She deposits her check and takes enough cash to go and pay all of her bills. She even pays her rent with cash. No paper trail. When I called her and told her that we have an approval and by the end of the month the house will be hers, she was so happy that she started crying. I guess that's why I stick with this business.

Government reverse fix

The State of California has prolonged the foreclosure moratorium for another 90 days. After which time it will take an additional 120 days for the banks to take possession of a home in foreclosure. I'm trying to figure what our wonderful government is trying to accomplish with this extension. I'm so fed up with our government trying to fix everything. Let the capital markets work.
Talking with a realtor yesterday, Ripon only has 35 houses on the market currently that don't have offers on them. In our office we have 20-30 buyers looking to buy, but can't get an offer accepted.
This is how I think about it, most of these buyers are first time homebuyers that can finally afford to buy a home. If they were able to buy, realtors, lenders, appraisers, title and escrow, home inspectors, home warranties, would be paid for services rendered. Taxes to our state and local municipalities would all be paid. All of these entities being paid would generate more spending, more spending would STIMULATE the economy!