Vote for the good of the country
February 3, 2008
Well it’s now official. The National Association of Realtors reported last week that the median price for existing single family homes showed its first annual decline in 2007. This would be the first year that home prices actually went down in the 40 year history of the index. Many experts say that 2007 was the first year that U.S. home prices have declined since the Great Depression. (Summit County and many other resort areas seem to be immune from this national trend with average home prices in Summit County jumping 16 percent in 2007 compared to 2006.)The reasons for the national decline are obvious. When you start building a fence between your country and your neighboring countries, many of your neighbors stop wanting to live in your country. When you invade countries that are weaker and smaller than you on the false premise that they harbor weapons of mass destruction, then you are scorned in the international community. When you, as the largest emitter of greenhouse gases in the world, are the only industrialized nation that refuses to ratify the Kyoto Protocol (Australia has now signed on after Prime Minister John Howard was voted out of office), then other countries will join in their disdain for you (as they did at the recent Bali Climate Talks).Under the Clinton administration, the stock market (as measured by the S&P 500) more than tripled in value whereas under the Bush administration, the index is actually lower now than when he took office, more than seven years ago. Let’s be intellegent and vote for the good of our country and our world this November.