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Before Obama: How Bush Became “The Worst President Ever”
By Nico Isaac - Wed, 05 Nov 2008 19:45:00 ET

In the wake of Democratic senator Barack Obama’s historic rise to the ranks of United States President, it’s difficult not to acknowledge his predecessor George W. Bush’s precipitous fall from that very position.

Fact is, public opinion of Bush has undergone one of the most radical about faces in recent memory: From first-term “Cowboy” with the highest approval rating in the Gallup Poll’s entire 70-year history — TO — second-term whipping boy with a record-low approval rating of 27%.

In the words of one November 5, 2008 Wall Street Journal: “It seems no matter what Mr. Bush does, he is blamed for everything.” And, according to the experts, “W” will undoubtedly go down in the book as the “Worst President Ever.”

Contrary to popular belief(s), according to socionomics – the new science of history and social prediction based on the Elliott Wave Principle – the REAL reason behind Bush’s fall from grace is not “policy” (say the leftists), “scapegoating″ (say the rightists), or a “breakdown of bipartisanship” (say the middle-ists). It is: A downturn in mass social mood, as reflected by the bear market decline in the Dow Jones Industrial Average.

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Sure, there are credit cards for people with bad credit and you can still get a loan with bad credit, but why not focus on how to repair credit score history to ensure that you get the best deals in life? Students are often handed their first unsecured credit card with little explanation on how to use it wisely. Most understand that it’s ideal to only use what can be paid off within the month, but the balance can so easily accumulate. Many people don’t realize that it could take 10 years to pay off their balances if they just pay the minimum monthly payments and that maxing out their cards will drop their scores significantly, as will paying one bill late.

The first step to repairing your credit score history is to understand the breakdown of that 3 digit number and what factors into your score. According to a leading credit repair Attorney our payment history comprises 35% of the score, so always pay every bill and credit payment in advance. This informs the lender how likely you are to pay them in full and on time, without having to chase you up. Also, the more recent the mistake, the worse it will be for your score. Another 30% of the score is based on your outstanding debt, such as how much you owe on home loans and auto loans and how many credit cards you have at their credit limits. You should have no more than a couple of credit cards at 25% or less of their limits. This indicates whether you’re out of control, maxing them out, and whether you’re literally living on credit or not. The length of time you’ve had credit will account for 15% percent of your score because lenders want to see that you have a long-standing history of paying responsibly. Furthermore, 10% of the score is based on the number of inquiries made on your report. If you are applying furiously for tons of credit cards, then this indicates that you might be in some kind of financial trouble. The last 10% of the score is based on the types of credit you have, which should be a mix of unsecured credit cards and revolving loans to show you are capable of managing money. Credit report repair should start with making timely payments, then working outstanding balances down to 30% of your credit limit, then on to things like type of credit.

To repair credit score numbers, you’ll obviously need to know what that magic number is. By law, you are entitled to one free credit report each year from Experian, TransUnion and Equifax, which are the three major reporting bureaus. Experts recommend that you order one from each bureau since they may all be different. Creditors only need to report to one of the bureaus, by law, so it’s estimated that 40% of all reports contain inaccuracies. You can gather these reports and engage in a little online credit repair at www.annualcreditreport.com. Once you have your report, you can clean and polish it by writing to dispute any inaccuracies.

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