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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: pstuartb who wrote (304912)3/18/2011 11:25:15 AM
From: bentwayRead Replies (3) of 306849
 
"The point is that the government response in 2003 created the illusion of prosperity for a few years. But they only bought time, and they let terrible imbalances build up in order to maintain the illusion."

Well, Bush bought guns and butter by borrowing money and cutting taxes. You know, because "Deficits don't matter. Reagan proved that." ( attributed to Dick Cheney) There was no NEED to "buy time".

Once the economy collapsed, THAT was when we needed to "buy time", and Bush, and now Obama, did.

The time to pay DOWN the debt is in good economic times. That it hasn't happened is ALL on the (R)'s.

zfacts.com
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