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Biden’s economy
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Anonymous
The American Dream is home ownership. It was attainable with a decent middle class job and now it isn't. |
Anonymous
So the president sets housing prices? The president sets mortgage rates? No. Neither. This is a capitalist country. So the seller can set whatever price they want. The president has nothing to do with it. And...this president has dedicated BILLONS to new housing (that the GOP opposed) to help increase the supply of housing thus reducing the demand side of the equation. What is the GOP plan? |
Anonymous
https://www.reuters.com/markets/us/us-layoffs-reach-14-month-high-amid-government-tech-cutbacks-2024-04-04/ Through the first three months of the year, companies have announced 257,254 layoffs, down from 270,416 in last year's first quarter, another indication of a job market that continues to hold up in the face of high interest rates. |
Anonymous
So you want the federal government to make homeowners collectively drop their asking prices? Trump is a real estate guy, is that his plan? The American Dream also involves your home going up in value, but you're not good with that? |
Anonymous
The president gets blamed or credited for the economy. That's how elections have always worked. |
Anonymous
I can guarantee that Trump will pressure the fed to lower rates. It's his appointee screwing Biden with high rates |
Anonymous
It hasn't been attainable with a single middle class job for decades. Most homeownership is of either wealthy people, inheritance or dual income families. This isn't a new phenomenon and particularly not new in the last three years. |
Anonymous
That's not something that typically works in the GOP's advantage FWIW. The economy is surprisingly strong given the shambles that Trump left it in. |
Anonymous
So pressure to lower rates + tariffs. How do you think that's going to work for inflation? |
Anonymous
Pre-covid the link between the fed rate and inflation had been broken for a decade. The 2010s had high growth, near 0 interest rates and low inflation. I have no idea how an economy would react to low rates and inflation, but I'm happy to admit that. It's the economists who are constantly wrong (remember this onhttps://www.bloomberg.com/news/articles/2022-10-17/forecast-for-us-recession-within-year-hits-100-in-blow-to-biden) who seem unable to admit their 'science' is just guess work |
Anonymous
And Bush And W Bush The GOP track record with the US economy is abysmal, and yet their media machine manages to dupe people into believing otherwise. |
Anonymous
Why do we have high interest rates? It's not because an appointee is screwing a president. It's because there aren't enough buyers at treasury auctions. Our debt does not look appealing. There's very good reasons for many things. You should seek those out and stop thinking people just don't like you, so they're out to hurt you. Grow up! |
Anonymous
Yes, because you wanted cheap housing for millions that should not actually own a house because they couldn't legitimately afford it. The Bush administration warned over a dozen times that Fannie, Freddie and the GSEs were in trouble because they overextended themselves. This was done very publicly, all the while democrats leading up to the 2007 crisis said "there is no problem". Well, there was. Do not try to rewrite history. |
Anonymous
So coming back full circle, cheap housing is good...or it's bad? Or is it that the American Dream is housing that's kind of cheap--but not too cheap--and it's somehow just right for everybody? |
Anonymous
Appointed first by Trump and then re-appointed by Biden. The central bank is mandated to control inflation. |