Thursday :: Dec 31, 2009

Who Knew Bush's Economy Was Dangerous?


by Mary

When did you know the Bush policies for home ownership were designed to bankrupt the nation? I think this was my earliest reference.

Yet, putting aside the anemic job growth record right now, the economy is growing increasingly unstable and liable to a collapse that could rival the savings and loan bailout in papa Bush's term. The problem is the amount of personal debt Americans hold, especially in their homes and how much that debt is based on adjustable-rate mortgages.

And that was before the loans turned really bad.

Mary :: 10:49 PM :: Comments (0) :: Digg It!