only goes to eric: it s 160. bob: obama in 2007? eric: no. prior to obama. bob: so the last years of the bush administration and first of the obama administration, right? eric: hmm-mm. dana: we are talking about housing. the elephant in the room. the theory to let it go. president bush before him came up with programs to help the homeowners and help him hold on longer. so forget wall street. people in their homes that don t have government jobs don t feel fine so their misery income is up. the household income is down. they aren t using money to go on a luxury vacation, perhaps that is good but a ways to go to get to the bottom. andrea: the stimulus was supposed to make the wildest dreams come true, right?
only goes to eric: it s 160. bob: obama in 2007? eric: no. prior to obama. bob: so the last years of the bush administration and first of the obama administration, right? eric: hmm-mm. dana: we are talking about housing. the elephant in the room. the theory to let it go. president bush before him came up with programs to help the homeowners and help him hold on longer. so forget wall street. people in their homes that don t have government jobs don t feel fine so their misery income is up. the household income is down. they aren t using money to go on a luxury vacation, perhaps that is good but a ways to go to get to the bottom. andrea: the stimulus was supposed to make the wildest dreams come true, right?