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

To: CalculatedRisk who wrote (37511)	8/10/2005 8:53:57 PM
From: shades	Respond to of 306849

Kudlow interviewed bush's econ man on his show today - alan hubbard - I have never seen a more flakly interview in my life - he sits there and kisses the guys ass telling him how easy access he is and then when kudlow tries to get a real question in about the highway bill care of info given to him from norquist - hubbard dodges and kudlow just keeps on gargling the diarrhea - pathetic. The guy sits there and says, well Larry, we all have traffic problems, things are too congested, so this highway bill will fix it - what BULLSHIT - more roads in the cities I have been too will not fix the problems, too many people in too little space is the problem - but this is typical bush logic - he never sees the forest, just a tree(shrub) He has bought into the fallacy of the broken window. Its like another poster said here about the baseball player that tested positive for drugs, and bush doesn't care about the science, its all about what the guy says - oh my god - and now I hear kansas is going to set back science for intelligent design - oh the humanity. I drove hwy 60 from the west coast to the east coast of florida and back - there is a LOT OF EMPTY LAND in the middle of florida - sending people there would be better than sending them to crowded cities with even MORE ROADS. I listen at this Phil Grandie guy, and he really slams kudlow and cramer and friends for all thier bullshit - some congresswoman made a deal that she would not show up to vote against CAFTA and would be given 10 million in pork for not voting from the highway legislation, had she voted against she would not get the pork, had she voted for it she would have lost her re-election. Those guys in Japan have it right, redo the election while people are still charged, one time every 4 or 6 years gives them time to cool off and forget - hehe.

To: CalculatedRisk who wrote (37511)	8/11/2005 12:21:07 AM
From: John Vosilla	Read Replies (3) \| Respond to of 306849

I beliieve the housing industry and related businesses in the 1950's were much less as a percentage of total GDP compared to today. Only number of housing starts due to the 20 year period that preceded it is even comparable. Everything else from remodeling, to costly gadgets,and improvements and furnishings, creative mortgages at high LTV's and a secondary market for loans, second home and investment craze plus all the jobs in legal, title insurance, appraisal, home inspection ect.. that did not exist back then and it's not even close.