Bush and the housing bubble

Discussion in 'Politics' started by Londoner, Aug 6, 2010.

  1. Londoner
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    Londoner Gold Member

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    There is some speculation that Bush fueled the housing bubble in order to cover up what his policies were doing to the economy . . . in order to gain a second term.

    We know the Democrats have always pushed for minority housing, but their policies have been in place for ages without much instability.

    Did Bush go too far for political reasons?

    President - Research the news about President - from HighBeam Research


    The smoking gun
    [ame=http://www.youtube.com/watch?v=kNqQx7sjoS8]YouTube - ‪Home Ownership and President Bush‬‎[/ame]
     
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    Last edited: Aug 6, 2010
  2. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Ah..... it's Bush's fault.

    That's original.
     
  3. G.T.
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    G.T. Diamond Member

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    I haven't thoroughly studied the Bubble-Burst of the economy yet, but I will say that since Bush took office is when I started seeing those "bad credit?!?!?!!? no credit?!?!?!?! doesn't matter!!!!!" gimmicks everywhere where literally everyone could get *some* sort of loan.
     
  4. Mr Clean
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    Mr Clean Gold Member

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    Home ownership is the cornerstone of a sound financial plan.

    But buying a home that you can obviously not afford is finacial suicide.
     
  5. G.T.
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    G.T. Diamond Member

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    That comes with a caveat that "home values appreciate." It's been true, and is cyclical, of course, but you never know any more. And, there's condos in Florida going for $25K.
     
  6. Mr. Shaman
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    Mr. Shaman Senior Member

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    Forward this to 6:15.....and, it transitions-into (exactly) what Londoner has shown.

    [ame=http://www.youtube.com/watch?v=rKKvMJeBBSA]YouTube - ‪Q&A: Leslie & Andrew Cockburn‬‎[/ame]​
     
  7. Sherry
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    Sherry You're not the boss of me Supporting Member

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    Yeah, he was in cahoots with Frank and Dodd.
     
  8. Mr Clean
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    Mr Clean Gold Member

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    I didn't know Bush was a socialist.

    Using taxpayer money to help people with their down payments. Isn't that like redistibution of wealth?
     
    Last edited: Aug 6, 2010
  9. uscitizen
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    uscitizen Senior Member

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    Bush was an idiot puppet of the machine.
     
  10. Mr. Shaman
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    Mr. Shaman Senior Member

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    Even The Wall Street Journal admits Lil' Dumbya was clueless....

    [​IMG]
     

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