FReepmail “Antoninus” to be added or removed.
FReepmail “Antoninus” to be added or removed.
The guy needs help from his staff to prevent popping off and making loony statements.
People were struggling to pay the bills. Gas prices were up to $4+. That increases costs of not just gasoline, but shipping and other goods. Luxuries were not being bought, and credit cards were being maxed to pay for the essentials. Eventually, foreclosures kicked in with missed payments.
It didn’t help. The Fed cranking up interest rates to cool down the economy was probably a bigger factor.
Fannie Mae/Freddie Mac Hearings 2004
http://www.youtube.com/watch?v=Yga7TlsA-1A
Dim leadership at its best!
It think he is right but $4 gas was only the pin that pricked the bubble. If it wasn’t that it would have been something else.
People were struggling to pay the bills. Gas prices were up to $4+. That increases costs of not just gasoline, but shipping and other goods. Luxuries were not being bought, and credit cards were being maxed to pay for the essentials. Eventually, foreclosures kicked in with missed payments.
Seriously?
Sigh...
ungh......oh no.
There are a lot of people out there struggling to pay their mortgages.
High gas prices lead to higher prices for goods, such as food, and services.
No matter what, inflation hurts the economy even though the government pretends it doesn’t and pretends that food and services don’t fit into inflation.
Santorum is right here in a roundabout way. We are in deep doo doo again because of high gas prices. Food prices are rising fast.
If you are a person living on a fixed type income, you are feeling a lot of pain.
He may not be so wrong, a lot of people I know drive 1-2 hrs to and 1-2 hours from work. I live in a rural area, and fortunately don’t have to do that. I also have relatives 15 miles outside NY that work in the city and it can take them up to two hours to get to work. You add in family travel and other activities, gas really takes a bite out of the budget.
What a total idiot!!!
He isn’t smart enough to flip burgers!
The housing Crisis has been cause primarily by building 10 years worth more homes than we have families, and similarly overbuilding commercial sites.
You had to be pretty damned stupid to not know it was coming.
If I may........the housing crisis was looming way before 2008. People were being given 1st mortgage loans they could barely qualify for and were also financing their down payments. If this wasn’t bad enough, they would then get second or even third mortgages for vacations, new furniture, decks, blah, blah, blah, the lenders were giving up to 120% value on these loans. These people were way over their head, before they made their first payment. Most of them were adjustable rate mortgages, taxes were not quoted correctly, they were lying about income and by the time all these expenses rolled out accurately, there is nt way they could afford the home, so turn key, walk out. Hell, they were so buried in housing expenses, they couldn’t afford anything, groceries, utilities, docotr, dentist, , gas, nothing. For Santorum to assert this is ridiculous.
When you have all the feathers you can carry can you carry one more. The fuel price was the feather that broke the camels back, so to speak.
Finally a DC politition who gets it. The high price of oil was manipulated, it was the trigger that led to the meltdown. When one builds a house of cards, it just takes a breath to bring it down.
Finally a DC politition who gets it. The high price of oil was manipulated, it was the trigger that led to the meltdown. When one builds a house of cards, it just takes a breath to bring it down.
I’d like to know who we’re going to blame for Santorum?