Well, the National Association of Realtors says things haven't really been as good as they've said for the past few years. I wonder how many other "upward curves" are b.s.? Five years of home sales to be revised lower in 'meaningful' way - chicagotribune.com
QUESTION: Why do Democrat presidents get credit for an increase in the stock market but when it occurs under a Republican president it's considered cyclical or credit goes elsewhere? Why does a Democrat president get a pass when the stock market is down yet a Republican president is blamed? This is why I converted from a Democrat to a Republican. They both have major issues but the hypocrisy and double standards on the left are just unbelievable. Obama is an idiot. Anybody who thinks this guy can save us is an idiot. Regardless of Bush, etc. - we were told this guy had the answers and this would be a quick fix. Now we hear it will take another four years. If he's re-elected we'll start hear additional excuses and we'll have discussion about removing the two-term limit because only the chosen one will be able to save us. This rhetoric about how great the chosen one is and ALL the daily excuses from this administration has grown quite old. Regardless of party affiliation we need a new president. This current clown is clueless!
When has this happened? Who has said this? Be specific. The last Republican administration was a snowballing disaster, only a damned fool would put them back in office.
Call me a damn fool, it won't be the first time you've done it. The collapse was the result of loans going out to people who couldn't afford them in the first place. This was started by the Clinton administration long before "w" was in office. The drive to put minorities and low income wage earners in homes and the lowering of loan standards started this. There were over a million illegals in California that got loans and bailed on them. Who do you think pushed to allow non- u.s. Citizens here illegally to buy homes with no money down and a meaningless job? As much as many would like to say it was the repbs that destroyed the economy, it's not that easy. The repb's deregulated the market allowing default swaps and the such and that was a mistake. It was the dems that lowered the loan standards so everyone, regardless of income and the ability to repay the loan, could get a no money down loan. You didn't even need a social security card in some states.
But that wasn't what precipitated the collapse. The Republicans changed the rules after 2000 so they loans didn't just go to poor people trying to buy a 25K shotgun or a 80K habitat house. Suddenly wealthy people started buying second houses, upgrading to mini-mansions, building summer homes, and worst of all started "flipping" homes in a bubble market and lost their asses to the tune of millions. THAT was what caused the collapse . . . wealthy people spending money they didn't have.
So you think the problem with our economy is not how Bush spent trillions on two wars by sending poorest Americans to die in other countries while cutting taxes to the wealthiest Americans, but that he didn't stop more people from their goal of the American dream? FWIW, it started with Reagan and it's been ****ed up ever since. Clinton threw more fuel to the fire by handing the keys to the economy to Wall Street and ever since then the same group of jokers have been ripping us off...
