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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (729252)	3/5/2006 2:43:27 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 769670

Yes, exactly... I agree with both of you, and precisely because people should not become over-leveraged... it's just like over eating... there's no one out there forcing anyone to extend themselves beyond their reasonable limits... that's just plain foolish and greedy, and we all know what happens to the foolish and greedy... sure, living on over-extended credit is a way of life for many, but this doesn't mean it's healthy or smart... the ups and downs of an economic cycle are healthy, it indeed washes out the weak holders, those who are in fact over-extended and over-leveraged... but this is a good thing, otherwise our economy would spin out of control... if individuals and businesses lived within their means, we would not have these kinds of problems... GZ

To: pompsander who wrote (729252)	3/5/2006 3:35:10 PM
From: CYBERKEN	Respond to of 769670

Bush's economic boom-our recovery from the Clinton/Rubin deflationary disaster-has given us an economy that can handle the transfer of capital out of "housing investments" back to legitimate savings. Ending the tragedy of unaffordable housing shifts the capital from "housing starts" back to "household starts", a far more economically viable long term trend. In the ideal economy, people buy a house to LIVE in (and do their saving at a bank or brokerage.) One of the best and least noticed features of the proposed flat tax is the elimination of the mortgage interest deduction...