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To: Crimson Ghost who wrote (14673)	11/3/2004 12:40:16 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 116555

RE:"If Bush wins he will owe a lot to Greenspan. The housing bubble he created and fostered has made a lot of people feel quite well to do despite the economy's problems." True but it was the Clinton administration that is largely responsible for the housing "bubble".

To: Crimson Ghost who wrote (14673)	11/3/2004 10:42:55 AM
From: Rarebird	Read Replies (2) \| Respond to of 116555

<The housing bubble Greenspan created and fostered has made a lot of people feel quite well to do despite the economy's problems.> Sadly, financial and economic collapses and calamities always catch the vast majority of people completely by surprise. That is true even though all the symptoms are clear to see and have been for months, years, or even decades before the house of cards can no longer stand. Examine any historical debacle and you will see this similarity. For every person who genuinely claims that he or she didn't see it coming, there are ten, fifty, or a hundred who say that they "knew" it was coming, but didn't expect it to happen when it did. The result is the same in either case, most financial collapses blind-side most people. The US situation is a textbook case. While most Americans have been caught up in the election and trying to decide who they "trust" to protect their physical safety, their financial safety is being inexorably pulled out from under them without either candidate even mentioning the danger. If it is mentioned, Senator Kerry has a "plan" for it, while President Bush just needs four more years to finish what he started. Americans are due to be hit with a lot of "surprises" in the aftermath of this election. The facade of a "low (price) inflation" economy will be one of the first to go, and with that will come a profound shock as it becomes impossible to maintain present standards of living through borrowing. In reality, the last four years have been the most genuinely inflationary in US history, and the price rises in oil and Gold are but two of the long-delayed and still suppressed results of it.

To: Crimson Ghost who wrote (14673)	11/3/2004 12:55:53 PM
From: John Vosilla	Read Replies (3) \| Respond to of 116555

The ownership society pushed by zero down 1% ARMS to get everyone in helped a lot though it is ironic that it is the blue states along the coasts and Chicago where prices appreciated the most . Perhaps it was as much all the jobs created by the construction boom especially in the sunbelt. That perhaps put Bush over the top in Florida, Nevada and Arizona. <If Bush wins he will owe a lot to Greenspan. The housing bubble he created and fostered has made a lot of people feel quite well to do despite the economy's problems.>