My thinking is that the downward spiral in housing prices was a necessary adjustment back to where they should be. Congress failed to properly regulate the real estate/mortgage aspect of all this and let special interest groups like ACORN run amok.
I know what you mean about Acorn. Congress let the Iraq war start which ruined house prices. Also, the Civil War didn't help, damn Lincoln.
My point was that Acorn had nothing to do with this. As one who is over a hundred Gs lighter from the government suing me for not selling a house at its peak 2005 value, my lawyer and I know the intricacies of housing values, having calculated them for every month since then.
I was simply, properly, pointing out that the mess we got into about over inflated housing prices was the fault of a lack of proper government oversight, home buyers, mortgage companies, financial institutions and assorted special interest groups. Now those prices have adjusted back to where they probably should be, but will also probably be kept suppressed due to the general economy and the backlog of short sale & foreclosed mortgages.
The short-sighted oversight occurred on the Bush watch, but your Acorn example is a shill which Republicans often throw randomly into any discussion to energize their side and deflect blame. Here's the same. Segue from anti-one party to anti-the other. Just fill in the blanks. The Afghan war's not going well for Obama, kind of like the fake housing boom which propped up the Bush economy____ the Watergate hearings _____ Reagan lied that he hadn't help sell weapons to Iran...12 straight years of Republican presidents gave us the Depression...King Herod crucified pacifists...you get the idea.
I love stalkers, but I'm sorry, I don't go that way. But never stop pursuing your life's dream. You have a lot to offer and I'm sure you'll find someone.
You're answer is short sighted. It's a liberal sheep answer. To be sure, Bush played his part. But so did Obama, the left, the right, and special interest groups like ACORN. You just can't accept it due to your political blinders. But most people with those same blinders simply refuse to think their political party is ever at fault for anything and the other side is at fault for everything. It's a false argument. And always will be.
Okay, maybe I'm wrong. Tell me how Acorn caused the housing crisis. I haven't read everything. It is possible, though unlikely, that there was something in the news that my keen eye missed. So tell me how Acorn fits into the subject of this thread.
By the way, BP, I think you have a conscience, which rates you above many Republicans, in my book. You probably don't want to tell your Republican friends that you meet with my approval. Just between you and me. I won't tell them.
I don't know where exactly he's getting the Acorn thing, though there is an indirect relationship. W talked a lot about "ownership society" which encouraged people to buy property. The Democrats in congress blocked his attempts to put stronger regulations on Freddie and Fannie because those Democrats claimed (aligned with Acorn) that they wanted lower income people owning homes (that we now know they couldn't afford). So playing to their base (Acorn) is the indirect relationship.
First, I didn't say "ACORN caused the housing crisis". I said that special interest groups like ACORN were a part of the problem. Or, played their part as lobbiest... But here are some examples- BTW, I don;t necessarily buy into everything said but I do believe special interest & lobbiest groups played their part in the housing crisis. http://www.chicagomortgagespecialis...acorn-caused-mortgage-crisis-and-bailout.html http://sweetness-light.com/archive/thank-acorn-and-their-ilk-for-mortgage-crisis http://www.americanthinker.com/2008/09/barack_obama_and_the_strategy.html Anyway, there are a lot of articles pro & con written by good people on ACORN. My best understanding is that they, like many other special interest lobbying groups, pushed grossly unsound lending practices for minorities and other groups and put a lot of money and pressure to expand such practices and influence legislation that it was one of the main precursors of the mortgage lending crisis.
I get it now. When rich Wall Street fatcats sold junk derivatives and wrote uncollectible balloon rate mortgages to anyone who dreamed of owning a house, it was the fault of--I'm catching on now--homeless black poor people and the weak organizations like Acorn that lobby to help poor people. Let's get those homeless vagrants who held a gun to the head of Goldman Sachs and robbed the economy of a trillion dollars. Let's get that loot before it's spent on booze.
[sigh] I give up. Sound & logical debate is truly a thing of the past. Independent thinking and civics is dead. Maybe I should become a sheep, too. BAAAAAAAAAAAAAAA! BAAAAAAAAAAAAAAAAAAAA! BAAAAAAAAAAAAAAAAA!
You can't win against a self-amusing abuser of PapaG and Adderall (is that a new calculator or something?).
