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Old 03-03-2008, 09:07 PM   #1
Default Tragedy Of This Recesssion
jessical
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THOUGHT THIS REPORT WAS INTERESTING!


The Tragedy Of This Recession Is Its Bad Ending Is Already Penned
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Old 03-04-2008, 09:41 AM   #2
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I found this quite interesting, and even more that it was on Fox since Fox is heavily Republican and they hardly ever have any bad things to say about the economy.
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Old 03-04-2008, 11:08 AM   #3
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This is so scarry. Thanks for sharing.

I can't believe Bush had the nerve to say he didn't know about $4 a gallon gas. Gas around here was $2.89 a gal on Friday and then on Monday it was $3.09. I sure am glad I fill up on Friday. Driving around isn't going to be much of an option this summer.
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Old 03-04-2008, 12:22 PM   #4
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Well, I can't stand Bush (as far as I'm concerned his whole presidency has been a tragedy), but I think it's a bit of a stretch to blame him for the housing crisis. The real blame for that goes to the lenders and the buyers. The lenders have been too free and easy with the credit and now it's biting them in the rearend. The buyers didn't pay attention to what they were signing and didn't realize that if a creditor approved them for a particular loan amount, it didn't necessarily mean that the buyer could actually afford it. The housing crisis was caused by greed, plain and simple. I haven't been really thrilled about the government trying to bail out the lenders, but what else could they do? If they didn't step in and try to do something, the housing crisis could be worse.

OK, I'm off my soapbox.
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Old 03-04-2008, 02:49 PM   #5
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Quote:
Originally Posted by Starlite
Well, I can't stand Bush (as far as I'm concerned his whole presidency has been a tragedy), but I think it's a bit of a stretch to blame him for the housing crisis. The real blame for that goes to the lenders and the buyers. The lenders have been too free and easy with the credit and now it's biting them in the rearend. The buyers didn't pay attention to what they were signing and didn't realize that if a creditor approved them for a particular loan amount, it didn't necessarily mean that the buyer could actually afford it. The housing crisis was caused by greed, plain and simple. I haven't been really thrilled about the government trying to bail out the lenders, but what else could they do? If they didn't step in and try to do something, the housing crisis could be worse.

OK, I'm off my soapbox.
Starlite...I know I've told you before, but I'll tell you again...this is why I love you You have got to be the only democrat I know who doesn't want to blame Bush for everything...ingrown toenails, bad breath, gaining weight...anything....has to be Bush's fault. So I want to thank you once again for being such a reasonable person. Makes me respect your opinion so much more even when it's anti-Bush, than those who can't do anything but gripe, gripe, gripe. Just my opinion.
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Old 03-04-2008, 04:19 PM   #6
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Quote:
Originally Posted by aliadam
Starlite...I know I've told you before, but I'll tell you again...this is why I love you You have got to be the only democrat I know who doesn't want to blame Bush for everything...ingrown toenails, bad breath, gaining weight...anything....has to be Bush's fault. So I want to thank you once again for being such a reasonable person. Makes me respect your opinion so much more even when it's anti-Bush, than those who can't do anything but gripe, gripe, gripe. Just my opinion.
Thanks! <blush, blush>
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