You know to hear some democrats talk you would think , that the great migration from "grapes of wrath" are comming to california to pick fruit again. So you want some comparisons. Alright lets compare.
Carter Administration 21% interest rate 18% inflation 11% unemployment
Reagan Administration 12.5% interest rate 11.83% inflation 7.5% unemployment
Bush Administration 11.2% interest rate 5.21% inflation 7.9% unemployment
Clinton Asministration 6.2% interest rate 5.31% inflation 7.4% high 3.9% low
Current Bush 6.2% interest rate 4.28% inflation 6.1% high 3.9% low
*figures based on historical data from US gov. DES
Now yes, there is a mortgage crisis in this country, and yes there are many markets in this country that are glutted with homes that cannot sale. However, to listen to the democrats you would think this was the great depression. Get over it , banks fail, people make bad home buying decisions, mortgage companies over extend, you think this is suddenly a new concept? The growth rate in this country is the best it's ever been, yes, fuel is prices are all over the place, but why is that? perhaps over regulation, over protection of the environment at the expense of the economy? The bottom line is this, the jobless rate in this country at 6.1% is hardly a sky is falling jobless rate. it has been much much higher in the past and as even spiked at times above 15%. What you dont hear is this that over 90% of the homehowners out there continue to pay their mortgages ontime every month *DES* without fail. I can agree the economy is slowing down yes, but to hear some democrats speak you would think that , we were in a crisis as big as the next depression. A crisis is 1979 when you have a 21% interst rate on your mortgage and an average 11% unemployment rate.
I will give you this though, it's a tried and true tactic the democratic party has used for years, scare the seniors, "they are going to take away your social security", scare the young people, " you have no future the economy is bad", and scare the middle class, "things are not as good as they used to be". Rather than resort to this old tactic in a new wrapper, and phrases "change", why not just come up with a real soultion for the problems and work with both parties to solve them.