I cant really think of anything since the stock market crash that led to the great depression that did have the economic impact of the housing bubble.
Please explain this further. The fed govt has no real right to step into any disaster until the state govt asks for help. If you want to blame the problems with Katrina on anyone, it needs to be the state govt. Under Clinton, the state got billions to upgrade the levee system, and they used the money for something else. After Katrina, there was so much infighting between the NO govt and the La govt that nothing got done.
You have your opinion on that, I have mine. We dont agree though.
I agree, GOP went crazy with the money and thats one of the reasons they are no longer in power.
You need to go back to Clinton on this one. Bush did nothing to stop it, but all the legislation that caused it came under Clinton.
Find the threads, I was fully against that also.
Exactly what is stabilizing? Housing prices are still falling. Foreclosures are still very high, bank failures are the highest they have ever been, the dollar is falling. Not to mention the 9.7% unemployment which is actually closer to 18% when you consider the people that quit looking for work or took lesser jobs.
In the end, everything he has done in the last 14 months has been a failure. Stimulus didnt even slow down job losses. Health care and cap and trade threats are preventing businesses from investing in expansion. Consumer spending is well off of where it should be. The only thing that could make things worse right now would be if health care passes.
Unemployment is high because consumer spending is low and 25% of construction workers have nothing to build.







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