Please. Like you or I didn’t enjoy the last few years of prosperity. We ate well, have great homes. The Fed tinkered with the economy so we didn’t have a depression after 911, we had a short recession instead. The Bush tax cuts actually fueled a lot of this economic boom. That and low interest rates which are a good thing for consumers. I don’t like where we are headed because it means we will have to spend time making lots of financial choices as we tighten our belts. This is not as fun as eating out and having fun with friends on my platinum card.
Really? Where's all the reinvestment in the country? Or, did Bush really create a false sense of economic security? What did people do with the money? They spent it, or, at least most did. Now we NEED lower taxes to pay for the rise in energy costs across the board. Did Bush fight for "nucyaler" power to ease some of the burden on utilities? Did he encourage companies to reinvest in American industry?
It's all a paper game. People in the mortgage business were giving away mortgages knowing they would be bought out. They made sure they got their fees and sold the notes as quick as they could. It's all paper. Even those people who think they "own" a home while paying high taxes and a mortgage were taken in regardless if it's sub prime.
Debt is the current industry of the U.S. Keep pushing numbers around in Excel till you come out ahead.