Interest rates have gone up 17 times since Bush started attacking Iraq. Is that just coincidence?

Question

Have you tried to buy a house lately, it'll cost you a lot more. Have you tried to sell a house lately, good luck. Adjustable house loans you already have, new car loans, credit card rates, business loans, it all costs more now that we're spending, what is it, 4 billion a month in Iraq to find WMD. Somebody has to pay for that bloody, dead end quagmire. Guess who that is.

Answer 1

How can anyone say with a straight face that the economy is booming thanks to Bush? It's still struggling to get back to where it was before the huge crash in 2000 when he took office. Even if employment and the stock market ever get back to their pre-Bush levels, we'll still have his colossal deficit to deal with.

Answer 2

Did you think before you write? The FED is Independent brain cell, You forget that after 9/11 rates were the lowest in 50 years and was done to prevent an economic disaster. Rates are almost identical to 9/10 now. The market is reaching equilibrium
for liberals that means rates are near normal. The Economy is still growing unemployment is 4.6 percent which is .3 percent below the NATURAL RATE of unemployment.
500 Shells of WMD have been discovered in Iraq The Democrats fought the release of this report. The War moves forward. By the Way, Read the Saddam files, if you can you will find your notions challenged. I can tell you ignored Economics in school.

Answer 3

Are you kidding? The interest rates were the lowest they have been in 40 years and are now being raised to slow the economy down because it is doing so well. If the economy grows too fast, then inflation would kill you in everything you buy. There were more homes bought in the history of the United States by minorities because of the great interest rates. The minority home ownership rate rose a record 51.6 percent during the first quarter of 2005, as 15.7 ethnic minorities claimed ownership of the roof over their heads, according to the U.S. Census Bureau.

Overall, home ownership was also at an all-time high in the first quarter, with 74.5 million American families now owning their own homes.

"These new numbers, combined with news that sales of previously-owned homes were near record levels last month, show that housing is still a leader as our economy continues to improve," said Housing and Urban Development Secretary Alphonso Jackson.

Two years ago, President George W. Bush challenged the nation to create 5.5 million new minority home owners by the end of the decade and since then, there has been a net increase of 2.3 million such home owners, 43 percent of the goal.

Answer 4

It means that the economy is running faster than what we need it to be. When we cut interest rates it is to speed up the rate that money is going back into the system. When they raise the interest rates it is to make people and businesses hold on to their money longer. Smart people live well enough within their means that these fluctuations do not bother them. If I am right, they were dropping the interest rates at the beginning of Bush's Presidency meaning that the economy had cooled off so much that we were heading to a depression. If you would do some better research into this and learn better financial skills, you would not have to worry as much.

Answer 5

Interest rates are rising due to our huge deficit and increased deficit spending that our “booming” economy cannot finance through increased revenue (read tax) streams.

Currently our deficit spending (our little misadventure in Iraq, energy and transportation bills laden with pork, New Orleans rebuilding post Katrina [a nice sound-bite, if no actual progress – just try to buy an insurance policy on that rebuilt home in the 9th Ward] and continued tax payer funded subsidies to corporate America – btw if government regulations in matters of the “Free Market” are synonymous with socialism the GOP in its current iteration practices socialism for the moneyed elites) is financed by three foreign countries – the United Kingdom, Japan and China. In order to pay for our dirty little deceits we require a steady influx of dollars – to the tune of US $ 1.9 billion per day. That’s money we do not have and our “booming” economy does not generate – we can hardly create a measly 125,000 new jobs in June (btw, we’d have to create 325,000 new jobs every month just to accommodate our yearly number of college graduates – or what passes as such these days) to generate a tax flow sufficient to address domestic spending, let alone futzing about in Baghdad.

That’s why interest rates continue to rise – after all, the Brits, Japanese and mainland Chinese don’t invest in US Treasury Bonds because they think the ink looks cute – they invest in them for a return that is backed by the full faith and credit of the United States Government – the same GOP government that tries to tell you that those very same US Treasury Bonds are worthless IOUs when they are held by the Social Security Administration, but that they are pure gold when held by the Brits, Japanese and Chinese. But that’s America for you – we’ve always been gullible suckers right down the line.

How does this affect you? Look at last year’s bankruptcy bill and you know who W and friends has singled out to foot the bill while they and their moneyed interests reap the benefit that is the elimination of taxes on dividends and capital gains. But we can all dream, right? That adjustable rate mortgage for your piece of heaven in suburbia and your forty mile one way commute will be financed by your growing 401ks and mutual funds – if you only had them. Meanwhile all the services you depended upon while growing up will no longer be there for your kids – such as good public schools, public roadways, public utilities, public health programs or public parks for your recreational needs - gotta sell those off to generate the mullah for Big Berthas' never ending presence in Mesopotamia.

But the Iraqis are free to tear one another apart along sectarian and ethnic demarcations.

Mission accomplished indeed.

Answer 6

because former presidents approval rankings really a lot continually bypass up. Carter is at fifty 9%. Obama's approval score changed into about seventy six% excellent after he changed into first sworn in, in accordance to a Fox poll. Bush's approval score spiked because of 9/11, as may the approval score of any president after such an journey. 3 issues can generate severe pollnumbers for a president: a million) Being sworn in 2) a nationwide emergency 3) Leaving workplace

Answer 7

The only thing I like about this administration is raising interest rates. I am retired and partly live off of interest. I know you don't like it , but when I was young and trying to buy a house when interest rates were 14 & 15 % no one gave a damn about Me. so why should I feel sorry for you. My home is paid for now and it was not easy so the higher they go the better.

Answer 8

You need to brush up on economics. The two have nothing to do with each other. Interest rates are rising because the economy is booming (thanks to President Bush) and the Federal Reserve Bank keeps raising interest rates because the economy is doing so well that they're trying to slow it down a bit so it doesn't get out of control.

The interest you pay doesn't go to pay down the debt created by the war. That's what your taxes are for. And, thanks to President Bush, the economy is doing so well that the government is receiving record amounts of tax money, helping to pay down that debt.

Maybe we should just not fight terrorism and let them go around killing everyone's family and friends. Is that your preference?

Answer 9

When the country is doing good the president gets the credit, when it's doing bad like now the president gets the credit. Congratulations Bush.

Answer 10

No, the American economy is not doing too well.

In order to make sure that people invest in USD and not GBP or Euro, they have to raise the interest rate.

So this is a measure to keep confidence in the dollar.