Posted by
David Andrews on Wednesday, February 13, 2008 8:17:17 PM
The economy is the fault of the Bush administration? So it was the Bush Administration that held a gun to peoples head who signed up for Adjustable Rate Mortgages to get a larger home at a low interest rate and low payments and now those interest rates and monthly payments are fixing to change where it will put people in a financial hardship. Yep, that is the Bush administrations fault! It was the Bush Administration that started the war after the 9-11 attacks on American soil. It was the Bush Administration that invaded Iraq because of the boasting of Sadam about having weapons of mass destruction. Yep, it is the Bush Administration's fault. It is the fault of the Bush Administration that American people are in financial straights because ease of money has tightened in the financial centers where people cannot take out Equity Home Loans to go on vacations or try and live a lifestyle beyond their current wages. As a result of not being able to get cash from their home equity they turn to their numerous credit cards for quick cash which are already maxed out. Yep, again it is the Bush Administration that created this way of an American Lifestyle.
How about some of us that bought homes that we could afford on a budget that would not squeeze our wallets? How about some of us that pay cash for what we NEED? Yep it was NOT the Bush Administration that made me buy a home that I could afford on a fixed rate mortgage, and it was NOT the Bush Administration that made me decide that if I could not afford a new television that I was not going to put it on a credit card.
It is truly amazing that some Americans think the Bush Administration caused their financial woes whereas they should look in the mirror and take responsibility for their own fiscal matters.