US born child and parents' immigration status.

[posharma]

Hi All,

Please consider the following facts in mind before reading my questions:
1. I have completed 6 yrs on H1B and am currently on extension of another 3 yrs. My I140 has been approved and I am waiting for the priority date to become current to apply for EAD and I485. (My priority date is Dec 2006).
2. My wife is on H4.
3. My 7 mnth old baby was born in US.

My questions:
1. Considering the current backlog of priority dates (2000), it'll take 7-8 years for me to get my EAD. How long can employers keep applying for an extension of my H1B visa? Is there a limit to the # of times, an employer can apply for H1B extension before I can apply for I485?
2. If there is a limit or (God forbid) I lose my job and my priority date is not yet current, can I still stay legally in the US based on the fact that I have to take care of my baby (who is a citizen)? In other words, does my baby have any affect on my immigration status?

Please advice.

Thanks,
-Pranav.

[immihelp]

1. No.
2. You having US citizen baby does not give you any rights to stay in the US. No benefit.