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Politics : Ask Michael Burke

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To: longnshort who wrote (116830)	11/6/2008 11:09:24 PM
From: Skeeter Bug	Read Replies (1) of 132070

lns, but carter let the economics work - even if that meant high interest rates. W, and clinton, too, suppressed the free market with ultra low interest rates and now it is time to pay the piper. carter was bad, but W's administration almost brought down the entire world's economy. no, it wasn't all their fault, but they had 7 years to fix it - and didn't. i bet lots of people would prefer to pay 18% on a mortgage they could afford than pay 7% on one they can't afford. btw, lots of those folks who paid %18 MADE A KILLING on equity appreciation as rates fell during the clinton/bush credit bubble.

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