Quote:
Originally Posted by Boo
If you blame the housing market on conservative values, you may want to read up on what conservative values are. I qualify for twice the home loan that I currently have. Does that mean that I need to buy a $700K or more home? Nope.
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Fiscally speaking, there is a big difference between what you describe as traditional conservative values and what the Bush administration has done over the past 8 years. Their policies, the ownership society, etc. have directly encourage the marketing of sub-prime mortgages and the lowering of the entry into credit (and credit cards).
If you are a government that *leads* you should lead by policy and you should lead by example.
The Bush administration's examples and policy suggest that it's a good idea to spend what you don't have.