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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (263601)	12/6/2005 8:58:57 PM
From: Road Walker	Read Replies (2) \| Respond to of 1573088

re: Never the less...it not only shut out a generation, turned real estate into speculation but also cause great environmental damage to places like Florida, California and Arizona. Clinton is the biggest environmental boondoogler in recent history because of it. You are making a jump in logic I can't accept on the face. You are saying that the appreciation is real estate is entirely due to the threshold on home sale capital gains passed during the Clinton administration (Republican congress?). Are you saying there are no other factors? Demographics? More restrictive zoning? Low interest rates? Money coming out of stocks to a safer haven? Demand/supply? Bush often brags about record home ownership during his admin... should he be giving the credit to Clinton? Do you rent? John

To: Jim McMannis who wrote (263601)	12/6/2005 9:41:36 PM
From: bentway	Respond to of 1573088

Jim, all AG and Bush had to do to keep a lid on it was to raise interest rates, instead of driving them to the lowest point in 50 years. They didn't because the housing bubble has been the only life support our economy has. You know that. It wasn't out of control until Bush became President. I'm not saying the Clinton exemption didn't have an effect. But until the ultra low interest rates and flaky mortgages, most of the people participating weren't even in the game. The specualtive bubble took off during the Bush admin. To take advantage of the tax break, you have to sell the house you've lived in for two years. Until the specualtion drove the prices out of sight in the bubblezones, it just wasn't worth it for most people. They needed a house where they worked, where their kids went to school, etc. I blame the RE bubbles on Bush and Greenspan.

To: Jim McMannis who wrote (263601)	12/7/2005 3:22:13 PM
From: tejek	Respond to of 1573088

RE:"it was to insure that people have enough money to retire." You have to be kidding. Never the less...it not only shut out a generation, turned real estate into speculation but also cause great environmental damage to places like Florida, California and Arizona. There is a certain kind of person who makes a slight correlation between two facts and them extends that correlation to just about everything. You are one of those people. I really hope you don't believe the nonsense you are spouting. Clinton is the biggest environmental boondoogler in recent history because of it. Yup. Spoken like a true rightie. Did you know you can get cancer from watching tv?