IF ---

[RIJIMMY]

getting back to Crafty's post, I wish there was an independent organization to analysis on all the "conclusions" noted by Crafty and other voices of the Democratic party. Is anyone familiar with Six Sigma techniques? Its data bases analysis and can be used to determine cause and effect. Its used in analzing business and engineering processes. I would love to see it applied to all the "symptoms" of Bush's policies to really determine what the true source of the problem is. There are no independent voices when it comes to the current economic situation. I think an un-biased, data driven cause and effect analysis would shed a lot of light on our situtaiton. As Crafty and many others feel strongly about their opinions, I wonder how much is based on fact and not perception. personally, I doubt the impact of Bush's policies on our current situation. for example, Obama is blaming the Lehman and Merrill issue on Bush. I doubt anything Bush said or did had any influence whatsoever on any decisiosn made by the management of those two companies. We need independent analysis.

[sokinwet]

The Bush administration housing policy promoted "homeownership" over affordable rental housing. While on it's face it appears to be a noble aim "the american dream" of everyone owning a home, the fact is that most major housing organizations felt that this was impractical. Many people are not ready or able to afford the responsibilities of homeownership. Low downpmt. requirements, reduced underwriting standards, failure to monitor lending practices, pushing Fannie & Freddie to purchase all these "questionable" loans. These were all driven by the administrations housing policies. While nobody was making some of these "fools" refinance their houses multiple times, policy makers and regulators should have realized that the "housing bubble" would self correct eventually and cause this mortgage mess that is in fact the major factor in the failure of the investment banks. Lots of blame to pass around...uninformed borrowers, predatory lenders, $ blind investors and the administration that let it happen without 1 effort to reign in the problem before it was too late.l

[RIJIMMY]

Originally Posted by sokinwet

The Bush administration housing policy promoted "homeownership" over affordable rental housing. While on it's face it appears to be a noble aim "the american dream" of everyone owning a home, the fact is that most major housing organizations felt that this was impractical. Many people are not ready or able to afford the responsibilities of homeownership. Low downpmt. requirements, reduced underwriting standards, failure to monitor lending practices, pushing Fannie & Freddie to purchase all these "questionable" loans. These were all driven by the administrations housing policies. While nobody was making some of these "fools" refinance their houses multiple times, policy makers and regulators should have realized that the "housing bubble" would self correct eventually and cause this mortgage mess that is in fact the major factor in the failure of the investment banks. Lots of blame to pass around...uninformed borrowers, predatory lenders, $ blind investors and the administration that let it happen without 1 effort to reign in the problem before it was too late.l

But yet, many on this board were saying a few months ago that Bushs policy is what drive housing prices up and thus made it impossible for new homeowners to buy a house. So which is it? You cant have both.
BTW - if the administration tried to reign in the problem, it would have been to STOP loans to people less qualified for loans. Want to wager who that might be? You'd have the NAACP and La RAZA all over them. Next time you read " We're an equal opportunity lender". Think about what that means!

[spence]

Originally Posted by RIJIMMY

Is anyone familiar with Six Sigma techniques? Its data bases analysis and can be used to determine cause and effect. Its used in analzing business and engineering processes. I would love to see it applied to all the "symptoms" of Bush's policies to really determine what the true source of the problem is.

The problem is, there's been no variation in Bush Policy. Incompetence, dishonesty, cronyisim, etc... have all been pretty consistent thoughout both terms

More interesting would be to use QFD to choose the next President!

-spence