Bushed

Oh, and I make frequent gratuitous jabs at Bush because I live in the state where he "governed" before the whole country got to learn about him. We already had learned. You could tell people while he ran the first time how little power the Texas governor has and how easy it is to hide a dolt in the office, but they just wouldn't believe it. So, we shared him with the nation. Our own pet dunce. Aren't you all happy now??

Even, then he only uses it properly half the time.

I've seen the severe legalese in these mortgage documents. And the Real Estate agents outright lied obscured the meanings ... even the lawyer, who is supposed to be working in your interest, but was also after that dollar. Yes, the consumer is complicit ... however the realtor, his/her agency and the legal machinery in place to sell the mortgages were greedy to point of criminality and need to be regulated better.

They ripped people off and misled them. Perhaps you or I can look down on people with less means than we have, who want a home. But, it was not mostly their fault; they were victims, even if some were not as unwitting as others.

We bought too much at the store on credit, went to the ball game and spent $200.00 on beer, hot dogs, snacks, soda water, t shirts, curios, souvenirs and junk. We borrowed on our home equity, as urged by Greenspan, to pay off the credit card debt. We were watchful and suspicious of people who didn't look like us, and tried to act normal. We were happy as long as the credit lasted, but it all fell into a pile of remorse when we tried to declare bankruptcy only to find out that the republicans had made it impossible to do so, and now we have to pay back the debt at the 30% interest rate set up by a republican government in the one state where all of the credit industry resides. Bush doesn't have a clue. He just smiled while they did it all.

thankfully there are some obviously informed posters here. there is light through the darkness of ignorance. as for the others: be glad you have someone(Bush) and something(the gov't) to blame or else you could just look in the mirror and find on of the culprits to this situation.

you have a large vehicle that you can't fuel? have a house that the payments were adjusted and you cant afford it? high prices for gas or foreclusure crisis? Bush's fault the gov'ts fault certainly not your own for buying a large vehicle or refinancing to take equity out in an ARM where the payments might increase.

I guess Bush should fiull up our tanks and make the payments then you all would be happy.

Finally, a print article that states the obvious with only a slight concession to biased politics-- the government can do very little apart from monetary policy to address the current situation. The business community policies and practices drives the economy and consumers gladly oblige with lots of credit heaped up to satiate their never ending thirst for more. Who complained when credit was extended and people got into their houses and house proces rose? It was artificial then and nobody complaine because we are only interested in "now." The Congress is exactly the same way. Until we get some leaders in all aspects of business and government that are sane and aren't as greedy as the majority of the US consumers will we see sanity return to government and the US economy. I'm not holding my breath.

vote for Mccain '08

"HE SUCKS LESS"

wow the ignorance of some of the posts here is truly indicative of how simp[listic the voter base is. not very many seemed to have any understanding of government and it's interaction with the economy. they have not taken into account the global marketplace or the fact that much of this was caused by the consumer who: 1. bought into the housing speculation pyramid 2. bought over their heads in housing costs 3. consumed large quantities of energy in behemoth suv's.

None of this is Bush's fault nor can he affect these bygone actions. now everyone will just have to pay the price of these actions for the next period of recovery. No one that's elected will be able to fix anything and will be like clinton was in the 90's and be lucky to be in the right place at the right time to take credit for the drecovery. it is indeed ignorant to think that the Pres. has such power to enact sweepoing measures that will fix things.

people need to be more informed and have knowledge of economics and free markets. otherwise these posts just amount to ignorant complaining causing the general mood to sink even lower. well you people seem to enjoy it anyway.

The reason that Bush cannot do anything for the economy is that he is utterly incompetent. It is also time to end this tax cut nonsense. Our nation is severely in debt and involved in an unnecessary foreign war. Any politician who believes that cutting taxes is a good idea in these times has no business running for office. The tax cuts espoused by Bush, and now McCain are the height of fiscal irresponsibility. If the United States government was an individual, it would be receiving collection calls on a daily basis.

The answer to the question why Bush can't fix the economy is the same answer to why Bush can't fix anything and can be answered in 8 words: BECAUSE HE'S DUMBER THAN A BOX OF ROCKS!

The question why Bush can't fix the economy only needs an 8 word answer: BECAUSE HE'S DUMBER THAN A BOX OF ROCKS!

GWB doesn't want to fix the economy - as far as he is concerned the economy doesn't need fixing. He's making money hand over fist as are all his buddies and that's really all that matters to him

Wow....blaming blacks and pay cuts for our military.... it's interesting enough to watch clueless people reach for something i guess. This burden that you bare of %12 of African Americans should also be mixed in with a slightly smaller percent (but equal number) of whites. This considering that there are just as many white trash meth addicts as there are lazy black people on welfare. The blame does not lie on a race, but on a flawed welfare system that's taken advantage of by ANYBODY who wants a free ride. A military position should be one of the highest paying government jobs in the U.S. Obviously the training qualifications are higher than it would take to sit on the current congress and do nothing, cut their salaries. Anyway the reason our economy is failing. TAX CUTS DURING WAR!! Hopefully whoever came up with the idea on the administration to give tax cuts to make people content with an unjustified war has no job Because whoever did it single handedly put the American economy where it is today. But I imagine they all do considering you don't have to have a real college degree to get a behind the scenes position at the White House anyway. Many people with these positions get law degrees from a Tim Lahaye University that teaches only end time prophecies from the book of Revelations. Seems odd to me but whatever.
http://www.myspace.com/brutalrepublic

Yes the Housing Crisis is a big problem brought on, in a large part, by the weakening of regulatory agencies in Republican Administrations going back to Ronald Regan and Bush the Elder. The other large factor is our weakening dollar, brought on by global supply and demand, and the budget deficits run up by so-called conservative Republicans. What happened to fiscal responsibility? Republicans blame the Democrats for the spending, but if you look at the truth of the matter, when Democrats had control of the Congress during the Regan Administration, Congress cut Regan's proposed budget every year. Secondly, why does the Bush Administration keep the cost of the Iraqi War out of the budget? He doesn't want the Public to know the true cost of his "War of Choice". When Ronald Regan took office in 1980, the national debt was $789 billion dollars run up over two hundred years. In twelve years of the Regan and Bush Administrations, they quadrupled the national debt to over 3 Trillion dollars. And they proved that supply side economics is a fairy tale. But the current Bush Administration was handed a budget supply and has tripled the national debt to over 9 Trillion dollars with no end in sight. Regan took the credit for bankrupting the Soviet Union but the real reason was trying to win a war in Afganistan for ten years. To bad our current president, who claims to be an expert on history didn't stop to think about this when he declared "Mission Accomplished" in six weeks of fighting. He's bankrupting the country and blaming it on the domestic spending of the Democrats. Another four years of these policies will totally wreck our economy. The Republicans get us into a situation where the country has to raise taxes to survive. You don't cut taxes in a war economy if your a "War President". Duh!