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

To: Hawkmoon who wrote (106109)	2/22/2008 10:59:11 AM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

yeah I'm exempt because as I told you, that 4 trillion and doubling of the national debt and its effect on the dollar and any asset seen as an inflation hedge, is basically the ENTIRE REASON real estate is where it is. If Bush had continued to pay down the debt like Clinton was doing, real estate would still be going up but nowhere near to these levels. The entire problem is Bush's doubling of the national debt in front of a retiring baby boomer class, the resulting stagflation this has caused and likely hyperinflation in the future. that part of politics, if you want to call it politics, is relevant to real estate. as far as where the government t-bill would have been without the Bush spend-o-rama, WHO CARES, because Clinton had the US debt free by 2012 in their plan. Rates would have been higher, because there would have been no reason to drop rates every few mos to avoid a recessoin. By this time we would have had almost nothing in the debt pool. Clinton economic plan: Deficits Replaced By Surpluses: Keeping Us On Track to Be Debt Free by 2012 · 1992. The deficit was $290 billion – the highest dollar level in history. When President Clinton took office, the Congressional Budget Office projected the deficit would grow to $455 billion in 2000. · Today. In 1999, we had a budget surplus of $124 billion – the largest dollar surplus on record. This year the Administration forecasts a surplus of $211 billion. This is $666 billion less drain by the government on private financial markets than projected when President Clinton and Vice President Gore took office. With the President’s plan, we are now on track to eliminate the nation’s publicly held debt by 2012. clinton4.nara.gov