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Reply to "Republicans are increasingly anxious about a midterms wipeout"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Good, I hope we mop the floor with them. [/quote] It’s not going well. Despite all the bluster from MAGA posters, the negative effects of Trump’s destruction of the federal government and our economy is starting to be felt. It’s only going to get worse as more people are told that the program or contract they relied on has been cut. Remember many thought it would be similar to Trump’s first term. The GOP will pay the price. As it should. As the governing party. [/quote] Interest rates, mortgage rates are coming down. .62% drop in ten year yield. Already the government is paying over a trillion dollars a year in interest. If rates hit 6% this will be over two trillion dollars a year on a debt that would be increasing by even more than that. The current paid rate is around 3% and will increase as debt rolls over. Getting rates from 4.79 to 4.17 is significant, and even more significant if it goes down to 3%, and thus stops the increase in interest payments.[/quote] Does it help if interest and mortgage rates are low if no one can afford to buy anything?[/quote] Yes, Goober, lower rates is an economic stimulant. Lower rates make it more possible for people to finance purchases. Geesh[/quote] I don’t care what the interest rate is. I’m not buying a new car if it costs 20-25% more. I’m just not. I’ve never received a pay increase that high and I will likely be laid off soon. Dh’s job is uncertain too. I’m not moving any time soon either. [/quote] Vote better[/quote]
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