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


To: tejek who wrote (177258)1/17/2009 2:26:10 AM
From: Skeeter BugRead Replies (4) | Respond to of 306849
 
tejek, it was phony. there was no productivity miracle, rather, there was a bubble market based on unrealistic expectations.

i'm not defending the bushevics - i'd wake up early to be the first to get my shoe throwing shot at that despicable loser.

the productivity numbers were literally fabricated out of whole cloth. look up hedonic pricing and chain weighted dollars. google is your friend.

clinton laid the foundation and the bushevics worked overtime to build the house of cards upon clinton's foundation.

btw, i believe that clinton ushered in the culture of greed that eventually led to the financial crisis today. his phony new economy and productivity miracle turned billionaires into people who had never turned a profit in their life - and never did.

the people who actually were productive saw that and decided they must be worth far more than their working wages... and were willing to lie, cheat and steal to do it.

lie, cheat and steal they did.