Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (7535)	1/26/2012 12:32:59 PM
From: Steve Lokness	1 Recommendation Read Replies (1) \| Respond to of 85487

<<<In spite of the fact that Bush warned about it >>> Bush climbed on the bully pulpit and demanded more housing in one of the State of the Union speeches. You are rewriting history! It's easy to warn about housing after the bubble has been created - heck any moron can do that. It is harder to be able to grasp what the cheap dollar under Greenspan was doing to incentivize the mess. THAT is what Bush clearly missed and the rest is history.

To: Jorj X Mckie who wrote (7535)	1/26/2012 12:48:40 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 85487

jorj, bush was fully involved in using tax payer dollars to fund 'homeownership' with tax credits and direct taxpayer funding of down payments for borrowers: youtube.com both parties have been captive to the RE industry for decades

To: Jorj X Mckie who wrote (7535)	1/26/2012 1:34:22 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 85487

WATCH the video posted by Mulholland Drive and try to blame this on Frank again. The video is less than 7 minutes and was in 2002. It was this initiative by Bush - well and Greenspan for sure - that created the housing bubble. There wasn't a bubble when Bush took office and any push in housing in 2002 took time to develop. All the things needed for a housing bubble took time; by that I mean the permitting - the buying of property - getting the services/utilities/streets in place - the designing and then the building. When Bush warned on housing, all of this was in full bloated development and to suggest it could then just be turned off is ridiculous.