I've made the point many times before . Bush had the country humming along before the most destructive congress in history led by Pelosi, reed and Obama took over.
Obama would kill to have the bush economy of 2007 when unemployment was 4.5 percent.
And I totally agree with that post... and Ill drink to that.....................while I can still afford to.
I can't believe some of you are sooo blindsided or brainwashed !
You had the largest economic boom since WWII , soley based upon the fake housing boom !
A housing boom does not just mean construction jobs, but everything else new homeowners need.
- All appliances (stoves, fridges, microwaves, washers & dryers), including kitchen cabinetts
- Furnances, hotwater tanks, toilttes and baths, even motors for the garage doors, lawn and garden tools including lawnmowers.
- New strip malls for new neighborhhoods, and new bus routes, even new or extended routes for UPS and Fedex.
- Not just lumber, but tons of steel for those new created strip malls, traffic and street lights, traffic signs, gas pipelines, etc.
- New services from cable/satellite/phone , utility companies to landscaping contracters expanding.
The list goes on and on.
There is probably no larger economic stimulus then building millions and millions of homes thru-out a country, besides a major war, where things need to be rebuilt, like after WWII !
Anyways, we all know now where this all ended up. - Whole neighborhoods became Ghosttowns, or foreclosures on every single street.
New stripmalls no longer fully occupied or even completly empty.
Most Americans lost money on thier properties now. The government in the trillions of record debt.
Was it really worth that all, to have a record low unemployment of 4.6% ?
Better rethink that one !
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