Reply #12: Something smells fishy. [View All]

I sold my house eighteen months ago and put the cash in relatively safe investments precisely because I could see the writing on the wall. Ridiculously inflated house prices plus easy credit was an obvious recipe for disaster. I'm not trying to blow my own trumpet here; the situation was obvious to anyone who thought about it for more than sixty seconds.

Yet the Prophet Alan, to whom America has entrusted the management of its finances for decades couldn't foresee it? None of his team of PhD economic advisors could foresee it? I'm sorry, I don't buy it.

I think, like everything else, the current regime was hoping it could use easy credit and the false feeling of wealth rapidly inflating house prices give to fool Americans into believing the economy was sound. They were betting on being able to keep the ponzi game going until the next Dem president is in power, and then blame the inevitable collapse on him/her. Just like every other BushCo scheme, however, it's ended in disaster.