Bush Housing Plan: “Pray a lot and hope to heck we’ll win the Lotto”
Iraq. Katrina. Pain at the pump. Unsafe food. Record debt. Real incomes falling for the first time since the Great Depression. A long list of failures trails the Bush administration as it limps through its final days.
But the saddest legacy of the saddest presidency may turn out to be the decline in homeownership, which fell to its lowest point in 20 years even as the White House crowed about “the ownership society”- its initiative to give millions of minority and lower-income families a chance to buy their first home.
According to a New York Times report this weekend, foreclosures and the mortgage crisis have the new renters “struggling to get into decent apartments as vacancies decline, rents rise and other renters increasingly stay put.”
Or as a 68-year-old retiree thinking about her dream home says in the story: ““I pray a lot and hope to heck we’ll win the Lotto.”
At least she doesn’t have to worry about the costs of making her home “visitable!”
Posted on June 23, 2008 – 1:07 am by APR
2 Responses to “Bush Housing Plan: “Pray a lot and hope to heck we’ll win the Lotto””
Uh, didn’t Bush also make a lot of people rich with increasing home values?
By anonymous on Jun 23, 2008
bush did that, did he?
By seagull on Jun 23, 2008