Results 11 to 20 of 22
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06-01-2011, 02:10 PM #11
See, I can't argue with that. They should be able to own a house. But it should be a house they can actually afford, and that's where the country screwed itself, with people buying houses they couldn't afford propped up by a variety of shady deals from the banks and mortgage industry.
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06-01-2011, 02:25 PM #12
I can argue with it. The american dream is not gaurenteed. Some will be apartment dwellers. Also, I think alot of the shady deals can also be traced to regulation by that administration. If you didn't do it, you'd be penalized......But I do agree with you that the banks were overlending and causing alot of issues as well.
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06-01-2011, 02:46 PM #13
I agree it's not guaranteed, but no one's saying just to give everyone a house. Owning a home should be reasonably affordable and attainable for all. Granted, some will only be able to afford a 500 square foot thing, but that's life.
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06-01-2011, 06:37 PM #14
That's a whole different recession this one we are in RIGHT NOW started with Bush...not unless you want to count the recession's from the 1800's too...
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06-01-2011, 06:39 PM #15
If you are going to beat him up, you have to give him credit for turning clintons recession around as well.
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06-01-2011, 06:41 PM #16
Ok, that's fair. He took us out of a recession and put us right into the worst one ever.
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06-01-2011, 06:42 PM #17
Not sure about worst one ever. And again, I believe MR CLinton has some responsibility as well.
At the current rate, it could be alot worse thanks to the policies being enforced currently. We'll be heading for a Depression.
So, Bush postponed clintons recession and had some seriously prosprous years. Obama has been in 3 years with things getting worse....sounds like a winner strategy to me.Last edited by sanfran22; 06-01-2011 at 06:49 PM.
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06-02-2011, 08:25 PM #18
The Bush-Obama recession is not the worst recession ever, just worst recession in a generation or two. I don't see anyone jumping off buildings like they were in 1929. Considering the relative prosperity of the past two generations, cry me a river. It's a bump in the road, and more than likely it's the markets undergoing a mass self-correction.
Besides, the President has so little to do with the economic direction that it's ridiculous to praise or bash them for the economic happenings of the country. Blame/praise the chairmen of the Fed.
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06-02-2011, 09:37 PM #19
I would agree with the fed comment, except that the President can do alot of things that can slow recovery. The fed is a whole different item that needs to be addressed (thanks woodrow).
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06-03-2011, 09:33 AM #20
Right we had a whole lot of prosperity from 2001-2008 with 2 wars, rapid unemployment and foreclosures. Bush really took care of us.Drug and smoke free trading.
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