Selective Memory...

"-Economy is kinda of a disaster right now"

Please, if you would, explain how the economy is a disaster right now.

there were tax-benefits from taking a mortage on your real estate. With the sky-high scores we have seen recently, many people were encouraged to take them.

However, the real-estate bubble is beggining to pop. Many people have taken a mortage they suddenly won't be able to afford. A lot of people, common consumers like you and me (well, like me. I don't know about you), will have huge debts with no assets to cover it.

and I have forgot the huge debt that have rised the base interest rate of markets, lowering margins

and I have forgot the huge debt that have rised the base interest rate of markets, lowering margins

Excuse me sir, but the "prime" rate is still down. And before you say it the base market rate is tied to the prime.

If you think the US economy is down, then you don't know as much as you seem to think you do. "Lowest" unemployment rate ever. It's at 4.6 right now. Prime lending rate is down. Interest rates are up. The stock market closed yesterday at the highest "ever" in their history (12000 points). Home ownership is up. How is any of this indicative of a failing economy? And don't believe it when you're told the RE bubble is about to pop. They been saying that for years!

Maybe you should go read this: Link

"Lowest" unemployment rate ever. It's at 4.6 right now

But I beleive the average wage is lower than in the 90's

However, it's something I heard, so nothing to support the facts


STILL, that's a debate for another topic! The core of my blog was about selective memory! Republican partisan will say that they lost simply because of Foley, while the GOP was behind well before the scandal.

But I beleive the average wage is lower than in the 90's

I'm sorry but whoever told you this was wrong. Here's the link: Link
and you're the one that opened this can of worms with this statement:

Even IF: -Economy is kinda of a disaster right now -Iraq is more and more treated as a mistake since the beginning by experts -The democrats had a clear head BEFORE the Foley scandal...

HEY!!

Great news! I just found this article back! I am sure Drmiller is eating his words about the economy.

But, in retrospective, I am also quite glad to see that, starting 2007, things have improved in Iraq. Gate sur did a helluva job as secretary of Defense, and Petraeus is more than talented general leading your troops.

However, please remember that Gate only got appointed after the electoral defeat of the GoP in 2006 (literraly, less than a week after). So I guess it was a good thing for Iraq that 2006 happened.

What comes after, in 2008, is still up to debate, however.

DRMiler was right.  IN Oct of 2006, the economy was doing great.  The seeds had been planted for the banking crises, but it was going well then and would  have continued until the democrats regained control.

That is the funny thing too.  No one other than an idiot or member of the DNC would argue that we are better off today than we were in Oct 2006.  Nobody except the NY Crimes.  But then I did include them in the catchall idiots category.

Aww.. come on. My economic teachers were pointing to the inherent disastrous structure of your economy going as far back as 2005. The whole mortgage speculation and securitisation was a bomb ready to blow. Your real estate sector was exploding in a surnatural bubble.

The structure began collapsing in July 2007, because of the real-estate bubble initial burst. But I could see the trainwreck from 2 years before that. Too many people too stupid mortgages.

Eh? Did I said we are better off today?

Come on. The economic crisis happened between the two. The glass structure collapsed. Off course you are worse off. But the thing it, that structure was going to collapse eventually. No way around that, since it was vulnerable to a domino effect.

The economy was good in 2006, I never said the mistakes had not been made by then.  Nor do I refute that fact now.  However, we were a lot better off and actually had time to stop or at least lessen the crash that was to come.  BUT, the democrats took over and made damn sure the crash would be hard.

You are an economist, right?  I will say I did not see the collapse coming when the bubble started, but clearly into it (probably about the time you did or a little later), it was evident.

No, you did not.  But you did say of 2006:

And then followed it up with.

Which can be interpreted to mean that you think your first statement was right,and I disagree with that part.  The economy was not a disaster, it was a train wreck waiting for the moment, facilitated by the politicians who were more interested in pork than doing their job.