Catastrophic problem. Mortgage rates may exceed 8% under Biden. The banks won’t play ball on a home loan unless you make $120,000 a year

[Rambunctious]

Home sales and car sales will plummet.... and then job loses will occur more striking workers and higher inflation...
This is what progressive dems do its just the same as Obama's economy....

 

[Hossfly]

No worse than a crustacean.

Ever see Oriental women cracking crab lice with their teeth? Can't do that with a crab.

 

[Lord Long Rod]

Dems have no sense of the value of money. Why would they when the leftists give them just about everything they need.

 

[theHawk]

You do realize that increasing the interest rates is how the FED, (not Biden), fights inflation?

At the macro level inflation is a result of a supply demand problem. To high a demand, not enough supply drives prices up.

The only way a the government can actively influence this problem is by taking money out of the economy. Making individual dollars more valuable and decreasing demand. This happens by increasing interest rates, making saving money more interesting and borrowing more expensive.


When you complain about both high interest rates and inflation at the same time. You are complaining about both the disease and the cure.

Raising interest rates does not “fight inflation”.

Strangling the oil industry and raising gas prices causes inflation.
Printing money to fund the government causes inflation.

If we want to stop inflation, then stop doing these asinine things.

 

[BluesLegend]

I just wasn't the Democrats alone who did it.

Yeah, some MF'ing RINO's also had a role.

 

[Moonglow]

Ever see Oriental women cracking crab lice with their teeth? Can't do that with a crab.

You can with a stainless grill.

 

[Moonglow]

Yeah, some MF'ing RINO's also had a role.

And MAGATs.

 

[FranklinRoosevelt_FTW]

You do realize that increasing the interest rates is how the FED, (not Biden), fights inflation?

At the macro level inflation is a result of a supply demand problem. To high a demand, not enough supply drives prices up.

The only way a the government can actively influence this problem is by taking money out of the economy. Making individual dollars more valuable and decreasing demand. This happens by increasing interest rates, making saving money more interesting and borrowing more expensive.


When you complain about both high interest rates and inflation at the same time. You are complaining about both the disease and the cure.

That’s true to an extent …thing is political people got us to this point. They gave us the lockdowns that destroyed the economy. They gave us the war in Ukraine that jacked up the prices of resources.

Biden has bad energy policies too