posted on Feb, 26 2009 @ 07:39 PM
Let us look at Mr. Beck's chart and ask ourselves where the price of houses was in 2000 when GWB jr. took office, shall we? Why that would be
where Mr. Beck says "the market wants them to be".
Now, let us apply our logical minds and short-term memory and ponder when and why this dramatic increase in housing costs took place.
Could it have had anything to do with GWB jr.'s position that every American should own thier own home and that the banks were then completely let
off the leash allowing them to make $$$ giving loans to whomever walked into their place of business? And then further deregulated oversight to allow
those insititutions and Wall St. to bundle these bad loans to buyers all over the world, in turn cratering the global economy.
I guess there needed to be some strategy to giving tax rebates out to the everyman and tax deductions and evasion loopholes to the rich, so we would
not see that our economy was being gutted, methinks that was it.
Honestly, do you folks not see the obvious paralells here?
[edit on 26-2-2009 by TheWayISeeIt]