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Reply #75: You missed four recessions. YOU don't get to "lol" on that one. [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
Inland Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Mar-10-06 02:56 PM
Response to Reply #69
75. You missed four recessions. YOU don't get to "lol" on that one.
Let's just remember that one.

Thanks, I'm familiar with new mortgage products. But it was easy money, in the form of low rates, that made home buying cheaper in the most part...record low interest rates, as a matter of fact. And as Alan Greenspan noted at teh time, prudent fiscal policies allowed him to lower interest rates. Clinton's prudent fiscal policies, you know, the ones that nobody is allowed to talk about.

And yes, I do deny the housing bubble started under Clinton. In fact, it's tough enough to say there is a housing "bubble" now. The bubble is actually localized to portions of the coasts and Florida, and is only a concern because the rest of the economy is mismanaged. What you are obviously confusing is the concept of high homeownership, a record under Clinton, with a bubble, which makes arguing against the Clinton record easy, because it turns something good into the seeds of something bad.

And of course, Clinton gets blamed for Saddam too now. He doesn't invade, and gets blamed for dead Iraqis. He doesn't send troops to Rwanda, and those are dead on his head too. You don't argue that Clinton brought peace. You argue he brought too much. Because you're pretty much unwilling to give the guy a fair shake.
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