Remember when President Bush made homeownership the centerpiece of his domestic policy? How's that working out for America... Krugman: “Owning a
June 23, 2008

Remember when President Bush made homeownership the centerpiece of his domestic policy? How's that working out for America...

Krugman:

“Owning a home lies at the heart of the American dream.” So declared President Bush in 2002, introducing his “Homeownership Challenge” — a set of policy initiatives that were supposed to sharply increase homeownership, especially for minority groups.

Oops. While homeownership rose as the housing bubble inflated, temporarily giving Mr. Bush something to boast about, it plunged — especially for African-Americans — when the bubble popped. Today, the percentage of American families owning their own homes is no higher than it was six years ago, and it’s a good bet that by the time Mr. Bush leaves the White House homeownership will be lower than it was when he moved in.

Exit question: Can you name one positive legacy of George W. Bush's presidency?

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