Seriously? Really? You think?
“The Bush administration took a lot of pride that homeownership had reached historic highs,” Mr. Snow said in an interview. “But what we forgot in the process was that it has to be done in the context of people being able to afford their house. We now realize there was a high cost.”"
The article goes on to lay a lot of policy decisions that got us into this mess with Mr. Bush. He was so enamored with people owning homes that he removed every impediment possible. He was alerted multiple times to the problems that were brewing but was in favor of the credit bubble because he helped his position.
Luckily for all of us, this blew up on Bush's watch, and he will get the blame.
Not that others are blameless ... But Mr. Bush's leadership pushed us to where we are now and continues to push us into huge debt.
© 2005-2008 Stephen Clarke-Willson, Ph.D. - All Rights Reserved.