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Politics : PRESIDENT GEORGE W. BUSH
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To: jlallen who wrote (322269)11/21/2002 5:15:05 PM
From: Karen Lawrence  Read Replies (1) of 769667
 
No it isn't , it's going down in an exact replica of his father's admin:
msnbc.com
Bush (I) years: 1989-1993
Housing prices grew very modestly in the Bush years and failed to keep up with inflation as the economy tumbled into a recession that helped sweep Bill Clinton into office. An overhang of supply also helped keep prices in check. Housing prices in California went into a long and severe downturn, particularly in the Los Angeles area.

This was followed by the prosperous Clinton years, which prosperity is being eroded - again by a Bush

Clinton years: 1993-2001
With inflation well under 3 percent for most of the Clinton years, housing was a solid investment. Mortgage rates of 7 to 8 percent helped make housing affordable, as well. Prices in California continued to fall through much of the decade, but by the end of the 1990s prices almost everywhere were rising well in excess of the inflation rate.
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