Why Bush Is An Idiot

(1) Invading Iraq (nothing else to say on this).

(2) Promoting potential home buyers to use ARMS (adjustable rate mortgages...which were mainly subprime loans) to purchases houses (we can also attribute this problem to Greenspan). So what we had here was that several homeowners placed NO MONEY DOWN for their houses, and all of a sudden, these guys couldn't make mortgage payments as soon as the interest rate went up. Usually, people place at least 10% down, and several individuals place 20% down. Next thing we know, the big I-banks invested heavily in these subprime loans (the mortgage backed securities), and these stocks plummeted. It's hit the market hard, and now with a big supply houses & a lower demand, the economy will continue to fall for awhile.

(3) Excess spending. By spending too much, we're now in a deficit, while the dollar continues to fall. :(

(4) Bush's proposal of "Amnesty." How on earth are you going to get America better when you are promoting illegal behavior of crossing one's border, while punishing those individuals who are playing by the rules. America is NOW a developed country, and obviously it's better to have those who are educated. This is not the 1850's when there was a huge demand for unskilled labor. Times have changed. It's interesting how people who want to come to the US legally must go through a gut-wrenching process, while this president suggests that we should grant illegal behavior (so these guys can be citizens). What about those who come to American universities to study in the fields that America needs (doctors, pharmacists, entrepreneurship, etc.)? These guys go in debt like crazy, and can't get jobs here (for the jobs we need filled, since there's a huge demand for these jobs). Some of my peers argue that America's immigration policies were racist in the past. Yes, they were. It may be racist, but looking at the population in 30 years, America will have a majority population of nonwhite people. Yea, something must be done to solve this immigration problem, but granting amnesty isn't the best way to do so.