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Real Estate News and Advice |
January 8, 2009 |
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Breaking News From The Midyear Meeting: President Bush Speaks To NAR Leadership
by Blanche Evans
Keeping the 3,100 realtors amused until the arrival of President Bush, the projection screens offered facts of trivia that were curious. Among them were such bon mots as "Rats can't throw up," "Snakes are immune to their own poison," and "Camel milk does not curdle." Then the crowd was treated to John Phillips Sousa recordings. Suddenly President Bush appeared, ready to charm the crowd that was wondering, what the Federal Government's next move might be against the real estate industry. If attendees thought that the president would address such recent issues as the DOJ investigation into Internet data policies, or banks in real estate, they were disappointed. Instead, President Bush used the opportunity to promote his social security programs. He opened with a joke. So he comes back from his trips overseas, where even President Putin had heard that Laura Bush was now the Comedienne-in-Chief, and that when staffers knew that he was going to speak to the NAR association, he was told, "Don't start looking for a house yet. You have 3½ more years!" He then began with his agenda: The government's responsibility is to keep the country "prosperous, safe and free." He will also continue in his unrelenting quest to spread democracy throughout the world. "Free societies are peaceful societies," he said. "Europe is now peaceful because of the spread of democracy." He continued, "Our real-a-tors play a crucial role in the American experience -- owning a home. One role of government is to promote ownership. Last year we set a record: 69 percent of Americans own a home. There are 74 million, homeowners. The country is halfway to it's goal -- to increase minority home ownership; to double it by 2010." These were his only remarks about homeownership and real estate issues. He also addressed very briefly, medical liability reform, gas prices, and developing new energy sources. The majority of his speech covered social security; in which he urged the Realtor audience to contact their congresspeople to address this issue. He promoted a new concept called "Progressive Indexing," in which the lowest paid workers' benefits would be tied to a wage index, while the highest paid workers' benefits would be tied to an inflation index. This would allow lower paid workers' benefits to grow faster. The plan is for younger workers to grow their benefits because fewer workers will be supporting a greater number of retirees. Younger workers would also be able to contribute to a "Thrift Savings Plan," in which part of their social security benefits would go into an investment account. "If the Thrift Savings Plan is good enough for Congress, it's good enough for every American who works, and pays, into the Social Security System." He abruptly ended his speech with a wave and a grin, said, "Thank you for having me," and away he went. The Realtors gave the president a standing ovation. And if they had expected more, it was not obvious from the enthusiastic whoops and clapping. Published: May 16, 2005 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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