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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (26579)	1/18/2005 1:02:33 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

The S&L/commercial RE debacle was under the Reagan/Bush watch while the internet/telecom meltdown was Clinton/Gore. Unfortunately the coming Bush/Cheney housing/debt implosion will easily have the greatest broad based impact on the economy and general public. And don't forget Congress has been controlled by both parties at different times with the Democrats in control during the Reagan years and Republicans during most of the Clinton years. All are to blame but the one link who has been there time and time again is Greenspan. IMHO the debts of the Reagan years cannot compare to the debts now upon us under GW Bush who is the most fiscally irresponsibile president ever. On the other hand GW Bush and Greenspan are well aware that tight monetary policies and tax increases in the 1986-90 period were a factor in the dire economic times in the early 90's and have done everything in their power to keep it from repeating this decade.