Does any one know what the average foreclosure rate under the Clinton administration was?
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Answer:
I don't have statistics, but one doesn't need to see them if you are watching the news.
They are the highest that they have been since 1987, if that answers your question.that is when the stock market crashed and mortgage interest rates prior to that were double-digits.
Remember that the gas prices has ALOT to do with the foreclosure rate. People have to pay to get to work. Their gas expense has went up 2 1/2 times and this is cutting into people's budgets. Some poeople near major cities are paying hundreds of dollars just to get to work, and some have even quit part-time jobs because it costs more to keep them than it does to not work them at all.
If people don't have the money, they pay necessities first.
At one point during Clinton's administration, gas was 98 cents per gallon, on national average.
Just do a google search on foreclosures then narrow it down by date and then to the Clinto era.
But before you go blaming anything on the current or past administrations line up the people who have made bad financial decisions in the past 6-8 years.
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