Stock market is falling apart, mainly because of delinquent and default mortgages. Banks knowingly made loans to people not qualified. BushCo wanted a strong RE market. A lot of builders and contractors needed the work and they vote Republican.
Now the house of cards is tumbling. Add in oil prices surging because of NO ENERGY PLAN from BushCo and the inability to curb the appetite for profit from W and Dick's oil buddies.
I will not even bring up our Attorney Generalgate.
Its time for impeachment. Cons feel free to answer, but we don't care what you say, you are irrelevant.
2007-03-14 06:20:16 · 3 answers · asked by Anonymous in News & Events ➔ Current Events
Economically speaking, things have cyclical phases and cannot stay in the boon phase otherwise prices will get too high and unaffordable. Using an investing analogy, it's like the stock market principle "buy low and sell high". When it became obvious that certain industries like construction, real estate and oil markets etc were going to do well then it was time to invest in good companies in those industries, after appreciation then there comes a time to sell and take profits. When some industries cool down then other industries heat up, find those and partake of the appreciation there. Even interest rates have an up and down trend in order to keep inflation under control.
2007-03-16 20:29:03 · answer #1 · answered by sunshine25 7 · 0⤊ 0⤋
Bush had nothing to do with it. all this trouble started before his time. the prime lenders, sub-prime lenders are a greedy bunch. this includes real estate agents, brokers,Realtors. their motto is " it's always a good year to sell, or its a good year to buy". they win either way. people want more money and they agree becaust of the per centage they get. the irrelevent is you. for you dont see it the way it really is.
2007-03-17 15:03:50 · answer #2 · answered by J 4 · 0⤊ 0⤋
it is kind of late for impeachment
2007-03-14 22:24:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋