QUOTE(hamwbone @ Apr 2 2008, 01:30 PM)
I just find it a shame that people feel the need to do something like that. Quite shameful, I must say. If any one in that crowd thinks that one man is responsible for the state of current affairs they are absolutely ignorant.
Didn't mean to snare you like that. I thought it was meant to be a tasteless jab at Mr. Bush.
I would disagree. We all know that Bush have misled us to war in Iraq. The funding of the war requires borrowing more money to the national debt, thus reducing dollar's effectiveness. Ever since the Iraq invasion, the production of oil in Iraq decreased, thus one of the reason why oil price is as is today.
The housing crisis is a ticking time bomb. The low low interest rate, cheap loans with little or no down, and double digit price increases is the cause of the problem. Alarm bells should ring instead Bush was touting that the housing market was so great.