Why do the inflated home prices, rising foreclosures, and growing deficit mirror the Reagan years?
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Answer:
Cause Repubs never want to help anyone but themselves.
It's not surprising that during the entire length of Republican control in congress, not a single thing was done/passed to help anyone except for big business execs and to line their own pockets.
Because Bush's role model growing always has been Reagan.
both filthy gop?
trickle down economics
De ja vous all over again.
Hey is this one of those riddles?
Post it in the entertainment section.
because republicans like to destroy the economy. they like to redistribute wealth upwards and the middle and lower class get poorer and poorer while the upper class get richer and richer. republicans are selfish.
Republicans are in power.
becuase there is an administration in power that tries to mirror the Reagan years on steroids.
Real estate prices have risen an average of around 4% nationally for years, including during Clintons administration and before. The deficit is shrinking.
Coz the dems have Congress again?
Becuase Raygun was / is the 2nd worst president in hstory ?
They mirror the part just before the S&L problem. Democrats ran Congress. The problems we face now are like what happened at the end of the Clinton years. Wall Street went kookoo for Coco Puffs on tech companies. They bid up worthless stocks and the market eventually crashed in early 2000.
I blame neither president for either problem.
Because the economy operates in business cycles. That and apparently coke is back in style. Is it just possible the housing bubble was caused by the ridiculously low interest rates set by the Federal Reserve..thanks Greenspan!
It's exactly the same policies now that Reagan had. No new ideas, no study, no thought, no nothing. The same old smoke and mirrors dog and pony show. Yawn.
This is more of an economics issue than political one. Economic rises and falls are cyclical. We haven't mirrored the Reagan years yet - when interest rates on mortgages went to 14 & 15%. 1981-83 saw the real estate market almost grind to a halt. We're nowhere near that yet.
Things like wars will also speed and slow that cycle, but its a back and forth thing, nonetheless.
No reminds me of the Carter years...
LOL! How old are you, anyway? Do you remember the Carter years? Because I do. My father sold real estate, in Florida. It was terrible. A reasonable interest rate was 14% for a 5 year balloon loan. And it wasn't a media created housing bust, like this one, either. It was inflation-driven and unemployment driven. And regardless of what is going on currently with the real estate market (we are settling down after a boom, in my opinion, to the prices we should be at), interest rates are still low. Unemployment is still low, and gas lines aren't around the corner.
After Carter, Reagan could do no wrong, and the economy soon came back. And Clinton probably enjoyed the results of Reagan, more than any President.
Funny that the most outrageous home price in what states?! you guess it, most Liberal States! NJ, MA and CA.
Insulting Reagan is blasphemous.
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