Avorysuds
Gold Member
This is so true, we are in a housing depression because BO has prevented recovery by eliminating the free market in housing. Had it been allowed to work the market would have cleared long long ago and the economy would be booming now.
Oh bullshit.
George W. Bush started the housing bubble by dropping interest rates to zero, allowing unregulated lending companies to do subprimes and allowing financial institutions to bundle them up and sell them on the big board.
Oh Bullshit Clinton... Wait, Clinton was a Democrats, so you are not capable of listening.
While I understand the role Republicans and Bush played in the housing bubble, I also understand that the OP is correct in that Obama has done everything to keep prices artificially inflated.
You quite literally cant blame Bush for getting people into homes that shouldnt be but then want to be taken seriously by not giving Obama blame for keeping people in homes that shouldnt be Its the same problem only extended and with more Government money (debt) involved.