Kiker asked:
U.S. New Home Sales down to a 12 year low. So, who believes this is the work of President Bush?
U.S. New Home Sales down to a 12 year low. So, who believes this is the work of President Bush?
Drop a Star if you think the Liberals need to shut up and stop blaming everything on Bush!!!
KURT
ALBERT
Yes, this has nothing to do with Bush’s horrible economy. LOL. Bush=worst president EVER.
LAVERN
This one is not really his fault. Its really based in investor confidence.
Since reposessions/defaulted loans are at an all time high (save for depression era percentages), and much of this is due to unscrupulous lending practices, it makes a lot of sense that consumer confidence is shaken in the industry.
Not to mention property values are dropping, which effectively trap people in the houses they are in and increase their property taxes every year.
It really has nothing at all to do with Bush. Just ask a mortgage professional.
MANUEL
This is because careless people used the tax cuts to overbuild new houses, sold those houses at raised prices, baught those houses with loans that were more than they could pay for, loaned those people the money, and banks ran out of cash to loan.
ROYCE
Of course it’s the inadequate oversight of the Banking Regulators! That’s it! It’s just like all the other Federal agencies that have had their regulations neutured by this George W Bush Republican Administration. The Clean Air Act? Really? How about meat inspectors for meat packing houses? Oh, guess what? They get to inspect their own meat packing businesses! Oh, my, I bet they’ll be tough on themselves.
This Republican Administration led by George W. Bush and his cronies are weakening the fabric of our Democracy.
Thanks
MURRAY
No, of course not, the sitting president with the largest deficit in history, the president who is the decider, the great believer in what his Dad once called voodoo economics also known as trickle down economics. The one man who could have run the Republicans to actually regulate the mortgage industry instead of ignoring the unsavory practices and huge interest rates….he had nothing to do with it.
He isn’t totally responsible of course, but his strong stance on not regulating business does have an effect.
Hes not totally responsible, but his attitude of spend, spend, spend, and don’t worry about paying did rub off on the rest of us.
Or maybe you just think that’s a coincidence?
DORIAN
Bush is actually very intelligent he just makes everyone think he is a moron. But no I do not think this is because of Bush. No stars for you
RUSSELL
I blame NOTHING on Bush. This man seriously has done nothing. I am on no one’s side. The results of the American constituency of both parties, shows no cooperation and no “positive” results. Mysteriously, many of the friends of the United States who are leaders and would-be leaders, have gotten assassinated or died other than “natural causes.” Yet, these leaders were America’s friends. R I G H T!!! Think about it, folk who don’t follow America’s concepts according to its whims, don’t live long.
Our dear Mr. Bush and the allies, all say, it is so sad that our latest would-be ally, Benazir Bhutto, got killed. The world leaders didn’t look all that sad. Questions do abound.
I wish you and your loved ones, a prosperous, healthy,
God-endowed, Happy New Year.
P E A C E!!!
CHARLES
not fault of Bush…its just a coincidence that all these things are happening on his watch….just a victim of bad timing.
its all really clinton’s faut and carter’s fault.
no sirreee….record budget deficits, record trade deficits, record consistently high gas prices, record illegal immigration, record foreclosures, declining real wages, the shrinking middle class, the rising number of billionaires, the fact that health care is prohibitively too expensive for too many americans..etc…..none of that is Bush’s fault…..it just seems like that cause he has been in office for all those years with GOP controlling congress.
CLIFTON
President Bush has nothing to do with it!
MARC
.It’s not Bush’s fault… It’s Greenspan’s. He isn’t as smart as everyone thought he was. Why would you continue to lower the Federal Funds rate at every meeting for years until it’s almost at zero without taking a breather to see what effect it’s having?
I know hindsight is 20/20 but that was a huge mistake and will probably drive us into a recession