Opstradamus
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it had nothing to do with it? The economy was fine? No big event happened in 2001 coupled with the dot com bust? Yes, I am starting to see the trend and blinders you are talking about
Excuse Me? :lolabove: so You are telling me that because people were allowed to move into home they could not afford caused this entire country to collapse??...When Clinton left office the country was in fine shape, The economy was fine...Are You seeing a trend here?...Or do you have your blinders on?...bush starts a war with a country We had no business attacking...NONE...ZERO...And its costing the USA billions a month..National security was NOT at risk from Iraq and if you believe in the weapons of mass destruction crap then you truly are stupid...He attacked iraq and left a madman loose in the world....7 years later that madman is STILL loose...Explain to me oh genius of the civics book why that is?....And why oh why did the USA elect a democratic president if the republicians were doing such a bang up job?...Oh and i've heard this many times from the republicans, " we are so close to winning"...Exactly WHAT are we so close to winning?...Iraq?...See Vietnam for that answer :salute:
Excuse Me? :lolabove: so You are telling me that because people were allowed to move into home they could not afford caused this entire country to collapse??...When Clinton left office the country was in fine shape, The economy was fine...Are You seeing a trend here?...Or do you have your blinders on?...bush starts a war with a country We had no business attacking...NONE...ZERO...And its costing the USA billions a month..National security was NOT at risk from Iraq and if you believe in the weapons of mass destruction crap then you truly are stupid...He attacked iraq and left a madman loose in the world....7 years later that madman is STILL loose...Explain to me oh genius of the civics book why that is?....And why oh why did the USA elect a democratic president if the republicians were doing such a bang up job?...Oh and i've heard this many times from the republicans, " we are so close to winning"...Exactly WHAT are we so close to winning?...Iraq?...See Vietnam for that answer :salute:
Excuse Me? :lolabove: so You are telling me that because people were allowed to move into home they could not afford caused this entire country to collapse??...When Clinton left office the country was in fine shape, The economy was fine...Are You seeing a trend here?...Or do you have your blinders on?...bush starts a war with a country We had no business attacking...NONE...ZERO...And its costing the USA billions a month..National security was NOT at risk from Iraq and if you believe in the weapons of mass destruction crap then you truly are stupid...He attacked iraq and left a madman loose in the world....7 years later that madman is STILL loose...Explain to me oh genius of the civics book why that is?....And why oh why did the USA elect a democratic president if the republicians were doing such a bang up job?...Oh and i've heard this many times from the republicans, " we are so close to winning"...Exactly WHAT are we so close to winning?...Iraq?...See Vietnam for that answer :salute:
That article was written in 2000.
And fast forward 9 yrs later and he is still reaping the rewards. Here is some more interesting info on Mr Cheney.
Dick Cheney, The Carlyle Group - excerpted from the book How Much Are You Making On The War Daddy? A Quick and Dirty Guide to War Profiteering in the Bush Administration by William D. Hartung
Publisher: Nation Books; illustrated edition edition (December 25, 2003)
the 9 yrs answer was a ? that was asked about the article written in 2000. The 2003 article was about more info on Cheney. Perhaps you feel Bush did good while in office, I can point to countless people who have lost hundreds of thousands of dollars from losing their jobs thus their house and it snowballs from there. The default on home loans the past 8 yrs has more to do with finance companies making stupid loans to people with 500 beacons trying to cash in for their investors when property values were soaring. The problem was Country Wide was placing these people in ARM loans and instead of them putting some measures in place to educate and inform the people to refinance within 2 yrs to a conventional loan they rolled the dice to thump the people for more money for them and their investors but it backfired on them. People could not handle the adjusted rates and faulted on their loans, the housing market became flooded with repos and property values dropped.
The default on home loans the past 8 yrs has more to do with finance companies making stupid loans to people with 500 beacons trying to cash in for their investors when property values were soaring. The problem was Country Wide was placing these people in ARM loans and instead of them putting some measures in place to educate and inform the people to refinance within 2 yrs to a conventional loan they rolled the dice to thump the people for more money for them and their investors but it backfired on them. People could not handle the adjusted rates and faulted on their loans, the housing market became flooded with repos and property values dropped.
All of this is directly a product of the initiatives put in place by Carter and expanded by Clinton.
Republicans are what ruined this country the past 8 years...They are the reason unemployment is at an all time high...They started a useless war and have proven absolutely nothing by it...Defending Bush is insane and whoever does is completely blind....And left a complete mess for Obama to clean up..This is certainly not worth discussing in this area of the forum.
Nothing wrong with it if the rules had been followed. You can't let a 500 beacon buy a $250,000 house with a household income of $35,000 a yr.