Thread: Did Bush Start The Housing Bubble?

Originally Posted by Binary_Techie

I actually think inflation had more to do with it. I assume we are talking about why so many people bought a house, and many are now losing or in danger of losing their homes, such as my brother and my sister.

I think inflation has more to do with it, and I don't think Bush caused inflation.

I could be wrong.

..................... He presided over the gas price increase, the war drove that, everything goes up when gas goes up, HE IS RESPONSIBLE

The economic policies that the sales man in chief sold to the American people are responsible. That includes the article in the OP.

There bastards knew full well that a devalued dollar was bad, but the took the rick anyway. It was to pay for the deficits, something they also sold the American people on. Remember "the deficit is good to have" remark by Cheney?

The housing bubble was built to bring funds via taxes, and to give you a warm cozy feeling. It was done like so many other thing that this administration does, without full thought!

The Sub prime loans are only one factor in the collapse of the economy although the media would have you believe that it is the soul cause. Truth be known the cause is a weakened dollar, that brought inflation in the double figures, I care fuck not what the feds say about 2~3%. I am tired of being treated like a 3 year old from them.