bush was responsible for record homeownership and booming economy right?

Question

now that foreclosures are skyrocketing and the economy is in the crapper, what wonderful things has bush done lately?

Answer 1

Low interest rates and low inflation are responsible for the record home ownership. The tax cuts didn't hurt, because many middle class Americans were able to put together enough cash for a down payment.

Notice that the President has very little effect on these factors. But if you want to talk about an economy in the crapper, take a look at the Carter years.

Answer 2

ROFL...trick question, right?

Why else do you think they raise the taxes to the average person, whilst they lower the taxes for the obscenely wealthy?

Why else do they charge Americans triply for the war? You pay for the munitions with taxes. You pay with the bodies of your wives and children. You pay with the increasingly number of derelicts on the street.

They, on the other hand, win by raising the arms budget by several hundred % so their munitions sales can increase to obscene levels.. Meanwhile, screaming your government kitty is empty, they slash budgets that offer Americans basic services at teh cost of the elderly, the children, the disadvantaged, your health and education systems.

Ronald Reagan's administration created this callous system.

They save in taxes. They don't care. And if you think it will change under Hillary, think again. It will be even worse by the time Arnold steps up to the Dictatorship ... er.. Presidential plate.

By the way, Bush has an IQ of only 91. The lowest of any president ever. His daddy, at 98, is the second lowest. It is obvious he is a puppet and my guess is that Cheney is the puppet master. A vicious man that Cheney, one need only look at his face to see this.

Speaking of IQ's. As a point of comparison.

Bill and Hill are 175 & 140 respectively. They tout Hil's genius, etc, but, Madonna and Shakira have IQ's of 140. Who would YOU rather see shake it up in the Whitehouse?

Arnold is 135. He is being groomed for the Presidency. Be afraid, be very afraid. There is a reason these people call it the new Fourth Reich! His family was connected to the Nazis and the Bildenberg family.

I am not for these wars, but I will tell you what he is NOT doing. When they release their info on the war in Afghanistan, they very rarely if ever mention Canada being there. They always focus on their own troops and when reporters speak they do not mention Canada. Ever.

I am sorry you Yanks had your elections yanked from under your feet and these thugs took over!

Answer 3

The economy isn't in the craper where I live. No, bush is not the one responsible for record homeownership. The economy started an upward spiral during the Reagan years. Bush and Clinton and Bush has rode on it ever since. The market has ALWAYS fluctuated during growth years then comes into check and proceeds to upward build again. Learn some economics and all this will become clearer to you. Hate Bush for other things but this, my freind, can't be laid at his feet. By May you'll see the market breaking records again. Invest now will stocks are low and if your in the houseing market now is a good time to buy. If your looking to open a small buisness now is the time for that to. All kinds of grants, tax breaks, and low intrest loans. Do you live in America?

Answer 4

Of course there is record homeownership. In a matter of raw numbers, there are more people now than ever before. The next president will set the same record as will the next and the next.

In a matter of percentage, look at how home loans are being handed out. Anybody can get a half million dollar loan these days, half of which (according to an NPR story) don't even have a down payment! A couple years on and we are really starting to see the result of this in the form of record foreclosures.


In response to AFWife: Bush has weakened our military beyond imagination. We are sending troops on their fifth tours with no more than a few months off between. Unemployment numbers are crap: an engineer with a phd is considered employed if he's sweeping floors on the night shift for $6 an hour. You need to instead look at the falling mean wages. Also, he has not lowered your taxes so what are you so giddy about? I really doubt you, as a military wife, are in the top 3%

Answer 5

The economy is anything but in the crapper, and the Bush tax cuts have INCREASED Federal revenue by over $1,000,000,000,000 over the last five years, due to increased business. As for foreclosures, some people overextended themselves, hoping to be bailed out by rising home values, but the fact that some of them are getting burned has little to do with the national economy.

Answer 6

Honestly,
Bush only had this going for him and this was due to the low interest rates to encourage growth.
If we have normal interest rates, we go in a deep recession.

Now for all of you economy is great people:

How long can an economy thrive if its only basis for growth is the price of real estate.

We used to be the world leader in manufacturing, industry, and technology among other things

Now we lead the world in house flipping..

Thanks Mr. Bush!!

Answer 7

extra Repub propaganda. Clinton, FDR, JFK/LBJ could have mentioned the comparable ingredient. practically each and every president could have boasted that a definite stat is at checklist levels while they have been president. although, in case you examine the p.c. develop according to president, you will see Keynesian Democrats outperform tax cuts for the wealthy Repubs on practically each and every classification. The inventory industry became into larger under Clinton then under Reagan. Are you going to assert Clinton became into stronger in simple terms because of the fact of that? No. you prefer to look on the p.c. develop, no longer absolute cost. Absolute values on such issues as inventory markets, real GDP, tax sales, has a tendency to develop in time because of the fact of inhabitants develop and the upward push in industry by way of technologies breakthroughs.

Answer 8

Thanks for admitting the economy is good. There are a lot of people who have been bamboozled for the last 4 yrs.

I hope Bernake and the FEDs lower the rates this year, keep the economy going. That was one of Greenspans's downfalls in that he didn't lower the intrest rates when the market started cooling.

Answer 9

Of course cons only give Bush credit for the good things. But the debt that was incurred to create those things is someone else's fault.

Cons are inconsistent!

Answer 10

Nah, I think it was Al Gore or Osama bin laden or Gerald Ford or Bill er,Hillary Clinton or Paris Hilton or Anna Nicole Smith or Britney Spears' bald head or Barack Obama or CNN or Fox News or Tom Cruise or.........