Are tent cities now emerging in America sealing the Bush/Republican leadership as depressive and ineffective?

Question

Southern California now has a tent city of recently forclosed homeowners who have nowhere else to turn for a place to live. Hundreds of thousands of families across America were incouraged to sign up for morgages that they could not actually pay given the existing and beginning monthly payments and this does not even count the increasing monthly rates in a realitive short period. The George Bush lead Government stood by and encouraged this activity by not warning and even stopping these practices before the bogus economic realities hit home and forced the homeowners into bankrupcy. The Bush Administration was asleep at the switch again just like when the Katrina situations unfolded. Republican leadership meant no leadership once again and the American people are paying the bill for the lack of leadership of the Bush Administration with the Republicans in Congress asleep at the switch.

Answer 1

The Bush economy has relied on the Housing Bubble that was fueled by dangerously low interest rates.

He encouraged industry move their shops oversees so they could use cheap Chinese labor to put lead in our toys.

Now that the speculators bid up the market, the bubble is bursting.

It will start with the sub-primes and move to the mainstream before election day.

As more and more houses come on the market, prices will drop.

Neighborhoods will erode.

Unemployment will rise due to a lack of service jobs.

Morgan Stanley has released a "recession alert".

They are being optimistic in light of Bush's consistently considerable failures.

Bush will make Hoover look good in the History books.

Answer 2

I know of a couple. When I supported the Army during an exercise, I lived with many people in tent cities. When I lived in New Orleans, many of the prisoners at the jail were in a tent city. The government put many people in communist education camps that were tent cities during the depression. It seems the current ones are signs that the government is actually doing something and is probably a good thing. Heck, with Katrina, there were camp trailer cities - much more costly and superior to tent cities. Surely that is a sign of the contingency plans working. It also only took three days for the federal government to kick into action and that was an extraordinarily fast reaction time and would have been faster if the state governments were not so slow to react. Homeowners decided on taking on debt, how much, and how to pay it back - that has little to do with government except in a communist/Nazi dictatorship scenario. The banks didn't know this or the loan would not have happened as it hurts them greatly when a foreclosure happens. Even IF the Republicans were "asleep at the switch", I prefer that to 21 criminal indictments and the resulting impeachment, the "wagging the dog" activities, war on the west/military/rural USA, crippling taxes that enriched the Democrats in power, and selling out of the US to the competing interests of the EU, China, and the UN that happened in the prior administration.

Answer 3

Southern California now has a tent city? I live in Southern California where is tent city? You can get a good deal on a foreclosed home right now. I didn't know the Bush Administration forced all these people to buy beyond their means. I have a good job a lot of money in a TSP. I have never spent beyond my means. Why is it the people who want things for free are doing all the complaining? GET A JOB and pay your own way.

Answer 4

People who could not afford to pay for a house should not have bought in the first place.

With that said, I take offense at some of the remarks by Conservatives who seem to be holding the Bush administration blameless. If the government is not protecting the citizens from lenders preying on the ignorant, whose job is it?

If the chosen leader of the country is not to responsible for protecting the property and welfare of citizens, what is the extent of his responsibility? His lunch?

Bush administration has been irresponsible for the economic hardships of many people. The Republican Party, once the party of the people will pay heavily in 2008.

Answer 5

Why are people only blaming Jorge Bush for the problem with Katrina? Yes, the feds didn't act like they should but the blame should be laid at the feet of the local leaders more than the feds! They sat and did nothing when they could have saved lives!

Answer 6

they are? wow they better vacate quickly they might put them into debtors prison to slave labor their debts away which will never be paid off no matter how hard they work they just add fees and fines and this cost and that cost to their bill.

I mean they have all those empty camps and they might be tempted to use them as a study to see how well they can make money with minimal expense (meaning food rationing, little medical care etc) and see how well it works out and how long a person will live and work productivily before they start to weaken and can't work anymore that way they can gauge how many people they will need and for how long before they need replacements etc.

from what I read our country has been mortgaged and they may decide one day (when the united nations has all the guns and armies under their control) to call in the notes and that means we may end up homeless and then of course we will have a right to shelter and a job so they put us into a prison camp to work since that is our right. (the un rights charter includes shelter and right to work and right to food etc)

can you see where I am going with this? maybe they might put us into prisons when we run to the hills or wilderness as we will be considered trespassers the wilderness areas have all been used as collateral and they are slowly calling in the debt by seizeing them, via hertiage sites and wildlands projects), think about being a illegal alien in another country, like mexico, what do they do? put you in jail.

we will be considered an illegal alien on our own land that was sold out to foreigners without our knowledge or consent (and contracts based on deception or fraud are null and void), kind of works like this, a relative of mine applied for a loan, and used his grandma as a co signer without her knowledge, and without her consent, now the bank called her and she told them she didn't authorize it, she would have had to be there in person to agree. thank goodness they wanted to avoid a fraud charge against the bank.

but now use this scenario with the government, it goes to the bank for a loan and signs you as a cosigner without your knowledge or consent or presence (like in the first instance) and of course the government has no money of it's own, but taxes you to pay on those loans you neither agreed to or signed to or were even aware that was happening. you were deceived, but they control the guns, like the mafia, they may defraud you but how you going to get justice if the mafia is the top rulers with all the power?

these subprime mortgages work on the same principle there is trickery and lack of full disclosures, and the people desperate for a home, sign without really understanding it, I think when you loan someone who can't pay back and charge high interest is called loan sharking right?

the difference is the mafia guy is loaning real money while the bank is loaning money out of thin air and takes no risk. it is only a symptom of a bigger problem called the federal reserve system which loans money out of thin air and gets exorbant interest back of real assets, (gold silver, mineral rights, land, taxes which represent parts of yoru productivity or amount of goods your produced) they also sell dollars to other countries so they can buy oil, and the only backing the dollar has forcing others to have to use them to buy oil is the military might.

I hope nothing like this ever happens, it is just conjecture guesses and wondering myself about it all. other countries and other empires in times past did that.

RRRRR
.

Answer 7

I'm glad the tent cities are in California, they would freeze in this part of the country.

Answer 8

Tell us something that we don't know. I didn't mean to be sarcastic, but this has been obvious for the past eight years. Nevertheless, people who voted for these "Baboons" keep living in denial, trying to bury their heads in the sand instead of face up reality and said: "Hey man we made a mistake and we are sorry, lets get this country really together and grease the wheels so we can go back to be the strong country that we were once."

Answer 9

Don't worry they are trying to fix it. By the way his term is up soon and the next president will be picked from a pretty good group of republican candidates they know how to make money and can handle anything. Hang in there!.

Answer 10

Blame Bush for people being irresponsible and not paying their debts. Blame Bush because people were not realistic about what they could afford for a mortgage. He should have warned people about what? That they were spending more than they could afford on housing. How was that his responsibility? This is the problem with liberals they don't believe in personal responsibility.