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: bentway who wrote (292758)	11/20/2010 4:17:41 PM
From: John Vosilla	of 306849

<<"For years, I listened to politicians from both sides of the aisle allege that I had squandered the massive surplus I inherited. That never made sense," Bush writes. "Much of the surplus was an illusion, based on the mistaken assumption that the 1990s boom would continue. Once the recession and 9/11 hit, there was little surplus left." Now he tells us? This illusory surplus was the cornerstone on which Bush built his economic policy. "You see, the growing surplus exists because taxes are too high and government is charging more than it needs," Bush said in February 2001. Far from sounding cautionary notes, the administration asserted its surplus estimates were, if anything, conservative. "If there's going to be a mistake, the likelihood is a mistake will be made on the other side of the scale, that more revenue will come in," Press Secretary Ari Fleischer said in March 2001. You know how that worked out. "I took my responsibility to be a good fiscal steward seriously," Bush writes.>> Putting Bush/Cheney in charge of the house was like leaving your spoiled teenagers home alone for an extended time with all the credit cards and the car keys. Real bad things had to happen

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