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Politics : Formerly About Advanced Micro Devices
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To: Taro who wrote (269062)1/18/2006 12:20:07 PM
From: American Spirit  Read Replies (3) of 1571398
 
The housing bubble started under Bush when Greenspan lowered rates to almost 0%. Why Greenspan did that I'm not sure, but it was both a gift to the housing industry (and Bush) and also blew up a balloon which is sure to pop. The house next to mine hasn't sold in five months. Six months ago, another neighbor's house got 18 bids above the ask. Look out below.

Also remember, Bush's entire economic growth is driven by deficit spending. That and those ultra low interest rates, which are no longer so low.
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