The Gop is gonna steal the nov elections again

[Tommy]

juggernaut
bill Clinton created the housing boom

and that's one of the best domestic things any president has done in the last 50 years or so

the housing boom that allowed Bush to go around taking credit for how good the economy was

housing is usually 8 to 15% of the nations GNP
but in the last 5 years its hoovering around 40 to 50% of the nations GNP

what would happen to this economy if the housing boom didn't happen

it would be in the toilet

would you like to know how this happened

see Clinton made a trade agreement with china called
Central America Free Trade Agreement Implementation Act

and that allowed china to invest their money in the us

china choose to invest their money in americian Tbills

the us goverment takes the money from Tbills or tresurarys and lends that money to banks

since there were so much money available to lend to banks that forced the intrest rate to come down and it made the lending requirments looser

since the intrest rate came way down and mortages were easyer to get a lot of people were taking mortages and buying houses

since there was such a demand for houses the houses went up in price

but thats not the end of it

since the intrest rate was so low and the value of a house went up so much
people that already owned homes took equity out of their homes and used that money to buy cars and furniture and computers

which drove up the demand for workers

but thats not the end of it either

those new workers that had money to spend
they went out and bought clothes and pizza and computers and tvs

and that created a demand for even more workers