In his first term as president, George W. Bush talked about an "ownership society", in which everybody in America can own their own home.
And then the housing bubble burst.
According to RealtyTrac, the foreclosure rate has increased 71% over the past year.
And for those who have been able to scrape by and keep their homes, ownership is a mixed blessing. According to the Wall Street Journal, nearly one in six homeowners owes more on a mortgage than the home is worth.
Also during the Bush administration, our national debt has grown to over $10 trillion.
Coincidence?
No. I think it all helps to prove that modern conservatism has failed this country.
And we literally cannot afford for this trend to continue.
No comments:
Post a Comment