EUROPE'S BURSTING HOUSING BUBBLES PROVE THAT THE DEMOCRAT'S "BLAME BUSH" CHARGE IS ABSOLUTELY WRONG

• PELOSI AND REID AND OBAMA BLAME BUSH.

• OBAMA SAID THAT BUSH'S ACROSS-THE-BOARD TAX CUTS ARE TO BLAME.

HOGWASH.

• BUSH GAVE NO TAX CUTS TO EUROPEANS, AND YET MUCH OF EUROPE HAS BEEN EXPERIENCING THE PAIN OF THE SAME BUBBLE BURSTING.
  
• YUP: THE SAME PAIN - EVEN THOUGH MOST OF EUROPE IS MUCH MORE SOCIALISTIC THAN THE USA.
  
  LOOK AT THE FACTS YOURSELF:
  
  House prices in Spain (March 2006 – March 2007)
–Source Spanish Ministry of Housing

House prices in UK – Source Halifax

SO WHO OR WHAT IS TO BLAME?

• SIMPLE: THE INTERNATIONAL FINANCIAL COMMUNITY WAS RECKLESS.

• SADLY, YEARS AGO BOTH BUSH AND MCCAIN PROPOSED TIGHTENING REGULATIONS AND OVERSIGHT ON THE MORTGAGE FINANCING INDUSTRY IN THE USA - SPECIFICALLY TO AVOID THE DANGERS OF THIS RECKLESSNESS.

• IT WAS BLOCKED BY THE DEMOCRATS IN CONGRESS.

VOTE ACCORDINGLY.