Richard S. wrote:
So are we to infer that high homeownership rates = bad policy? The chart keeps climbing up after 2001 when GWB had a a rubber-stamp _Republican_ congress, appears to level off but doesn't decline, after 2003 when both houses were Republican controlled. Glad to see they did something about the disastrous policies of promoting home ownership.
Hypothetically, IF (a big *IF*) the next administration is Dem and home ownership rates decline is that _good_? http://www.whitehouse.gov/news/releases/2004/08/20040809-9.html
In June 2002, President Bush issued America's Homeownership Challenge to the real estate and mortgage finance industries to encourage them to join the effort to close the gap that exists between the homeownership rates of minorities and non-minorities.
American Dream Downpayment Initiative, which provides down payment assistance to approximately 40,000 low-income families;
One side will make bad policy, then other side will then exploit it for their advantage, while blaming the originating party for the resulting mess. Banks and Wall st. made how much off bad loans?
We can spend days quoting each other facts, charts and political mumbojumbo, none of which address' the fact that both sides of our one party system are out to destroy the middle class.
Corporate welfare or Social welfare, take your choice - notice that both only affect the middle class?. Until there is a major change in US political parties (or the US electorate) the cycle will continue, and at election cycle both parties will use buzzwords and non-issues to keep the masses to distracted from the real problems at hand.
I've never seen a political poll with a "none of the above" choice - it would be interesting to see the results.
(Wish it would get cold so I could watch coal burn instead of entering to political threads