People assume they were good but most people were spending money and equity they didnt have ie the housing refi boom. Under his watch he allowed the housing industry against the advice of many experts to go unchecked and he housing market to become rediculously inflated which in turn made refi's extremely popular. Why wait and save for that new car, vacation, ect when all u have to do is sign this and well give $30000 cash. Dont worry bout tomorrow only today. Thats he american way. He got us into the depression and obama is extremely unpopular b coz he had to do many of the unpopular things necessary to get us out of that mess on top of a costly unprepared unnecessary war that sucked trillions and trillions of dollars that could have been used domestically
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