The pre-2000 Real Estate and Mortgage Markets will be back soon. Price decline will flatten out, appreciation rate of Real Estate will equal the GNP rate, anemic, but the downward trend will subside, in most areas, homes will not be able to be used as ATM machines. When? 2008 in areas that did not experience double digit appreciation, 2009-2010 in areas that had the huge appreciation rates. People looking for mortgages will NEED TO QUALIFY!! The nonsense that got us to the crisis we are in is OVER!!
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"The economy, stupid," was a phrase in American politics widely used during Bill Clinton's successful 1992 presidential campaign against George H.W. Bush. For a time, Bush was considered unbeatable because of foreign policy developments such as the end of the Cold War and the Persian Gulf War. The phrase, coined by Clinton campaign strategist James Carville, refers to the notion that Clinton was a better choice because Bush had not adequately addressed the economy, which was undergoing a recession at the time.
In order to keep the campaign on message, Carville hung a sign in Bill Clinton's Little Rock campaign headquarters with the following three points:
- Change vs. more of the same
- The economy, stupid
- Don't forget health care.
Although the sign was intended for an internal audience of campaign workers, the phrase became something of a slogan for the Clinton election campaign. Clinton's campaign used the recession to successfully unseat George H.W. Bush, whose approval ratings had been in the 90% range one year prior.[1]
The phrase is repeated often in American political culture, usually preceded by the word "it's", and with commentators sometimes substituting a different word in place of "economy". e.g., "It's the deficit, stupid!"[2], "It's the corporation, stupid!"[3], "It's the math, stupid!"[4], "It's the voters, stupid!"[5]
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