The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: tdl4138 who wrote (8374)	1/23/2003 8:44:39 PM
From: Jim McMannis	Read Replies (1) of 306849

RE:"Was the country in better shape...yup...no argument. And Clinton didn't need a propaganda machine like Bush..." I really don't like simplistic blaming of a President but the Markets were heading into the toilet for the last 9 months of Clintons term. The Y2k phenomenon just happened in Clintons term. I wouldn't blame him or give him credit. Only simple minds do that. The groundwork for the current RE boom was laid back in 1997 with the big cap gain tax exemptiion followed by the boom bust stock market and housing becoming the baby boomer bubble of choice. When it hits the fan the administration in power will get the blame. Always does... as simple minded as it is. The government trying to prop it up will just make it worse when it runs out of things to pul out of it's bag of tricks. Jim

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