jbooma Posted August 12, 2004 Share Posted August 12, 2004 Originally posted by PatFischer37 Jbooma I am a realtor and a new home builder who cannot stand Bush. Bush has nothing to do with the real estate boom, that started while Clinton was still in office and has carried over due to the stock market failure for so long. Frankly, DC's market is slowing down bigtime....need an influx of new people to help stimulate the r/e market....hello Massachusetts and NC democrats...got a few homes for y'all to buy! Actually it is the interest rates that has been the reason not clinton or bush. You could blame Clinton for the outrageous economy in the 90's when people bought million dollar homes in a fantasy world and now they are gone because of all the layoffs. The market here in VA is exploding. Link to comment Share on other sites More sharing options...
chomerics Posted August 12, 2004 Share Posted August 12, 2004 Originally posted by jbooma Actually it is the interest rates that has been the reason not clinton or bush. You could blame Clinton for the outrageous economy in the 90's when people bought million dollar homes in a fantasy world and now they are gone because of all the layoffs. The market here in VA is exploding. Yes, the interest rate is the reason for the real estate boom, but lets take a step back ad look at what we've done to the economy the past 4 years (Not an anti-Bush post BTW) We gave a 1.6 Trillion tax cut to Americans. We INCREASED Government spending at a rate never seen before. We had interest rates at an all time low. Do you have any idea how much money this is? We've poured money into the economy to thwart the recession and is worked. Unfortunately, we HAVE to bring up interest rates, this will drag down the economy, there is no way around it. Link to comment Share on other sites More sharing options...
Thiebear Posted August 12, 2004 Author Share Posted August 12, 2004 I agree with the above... Link to comment Share on other sites More sharing options...
Larry Posted August 12, 2004 Share Posted August 12, 2004 Originally posted by chomerics Yes, the interest rate is the reason for the real estate boom, but lets take a step back ad look at what we've done to the economy the past 4 years (Not an anti-Bush post BTW) We gave a 1.6 Trillion tax cut to Americans. We INCREASED Government spending at a rate never seen before. We had interest rates at an all time low. Do you have any idea how much money this is? We've poured money into the economy to thwart the recession and is worked. Unfortunately, we HAVE to bring up interest rates, this will drag down the economy, there is no way around it. Which then leads to a second (or back to the first) topic. Is the economic growth, for example, under Reagan, due to the tax cuts, the spending, or the defecits? Link to comment Share on other sites More sharing options...
chomerics Posted August 12, 2004 Share Posted August 12, 2004 Originally posted by Larry Which then leads to a second (or back to the first) topic. Is the economic growth, for example, under Reagan, due to the tax cuts, the spending, or the defecits? All of the above, which is why I disagree with supply side economics and trickle down theory. We've never cut taxes without increasing spending, it's a little misnomer from supply siders. They try to hide the fact that the economy is growing because GOVERNMENT is growing. They've never put us in a true supply side economy, instead they mask the fact that supply side doesn't work by hiding it under the growth of an increase in government spending. It in turn KILLS our budget and forces us to cut social programs. Link to comment Share on other sites More sharing options...
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