Victor Davis Hanson- under President Biden the 30 year home mortgage interest rates have gone from 2.5% to over 6%.

[Dadoalex]

Victor Davis Hanson was interviewed by Tucker Carlson yesterday before the state of the union address and he provided some informative details on how our economy has been performing under President Biden.

What was perhaps the most alarming economic statistic from the Biden era so far and Some thing that has literally priced millions of Americans out of the American dream would be the increase in home mortgage rates on a 30 year loan which have gone from 2 1/2% to over 6%.. It is brutal. Folks could be paying thousands of dollars more than anticipated for their mortgage now Every month ….It is even more brutal for the young couples who have children…. well if they are lucky enough to be together in a country with a divorce rate of over 50% , a country where marijuana sales have skyrocketed from 12 billion a year to over 35 billion a year. And yes I believe this is being done on purpose it is obvious. The government wants people so stoned out of their mind they don’t care that they’re living in squalor. They don’t care if they can’t afford a home for their children they have to keep renting.. if they’re lucky enough to even afford rent. The United States government has turned into a drug dealer leading 22% sales tax in many states on marijuana sales. And they want the money to keep coming in. Astonishingly President Biden and other Democrats are complaining about cigarette use when practically nobody is smoking cigarettes in this country compared to the American past. Marijuana use is skyrocketing though. what can marijuana get us? Psychosis. It can get us a depressed society. It makes men and women weak.


One just can’t get in front of a television as President of the United States and tell the American people things are going great. The State of affairs in America right now is not a good one economically speaking or socially speaking.

You couple the high interest rates with inflation with high gas prices it makes things even worse. It would be one thing if we didn’t have inflation. This is not the 70s this is not the 80s….. it’s much worse now with the rise of the negative side effects of social media with this new type of marijuana vaporizer sticks, “dabbing” no it’s definitely not the same marijuana as it was 30 years ago. We also have a much higher divorce rate compared to back in the late 70s during the days of Jimmy Carter when our economy was also struggling. It wasn’t the same back then it is worse now. So people can’t say “oh you know we’ve been through high mortgage rates before we’ve been through a bad economy “ the difference is now we coupled our poor economy with our social disasters like how the far left has cancel culture and the high divorce rate, the high drug addiction rates. We got a lot of work to do.

It will be a great uphill climb but it can be done through the will of the American people. It’s on us the American people to save the country.

were you born in 2009?

Interest rates the last 15years have been held artificially low by the FED trying to work us out of the previous GOP created economic disaster.

Mortgage Rates	Where they started	Where they were by the end of the decade
1970s	7.31%	7.48%
1980s	7.48%	9.78%
1990s	10.13%	8.06%
2000s	8.06%	5.14%
2010s	5.14%	3.72%
2020s	3.72%	Today’s mortgage rate

Today's rates are near their historic averages.
Biden's economic success is why rates have returned to historic averages

 

[marvin martian]

I suggest you move there and find out first hand.

And join you? No thanks.

 

[Moonglow]

And join you? No thanks.

I don't support the Ruskies in any manner, you do.

 

[marvin martian]

I don't support the Ruskies in any manner, you do.

LOL! You voted for a Russian agent, with a bunch of other Russian agents working for him.

 

[FranklinRoosevelt_FTW]

As far as cannabis products, this grandpa has the real 411 on it, I have used for 45 years and no it is not stronger than products we could score in the 1970s...It's just legal and we don't get abused by assholes now for using. You people who never used the stuff don't know Jack about it.

Brother marijuana can specifically help some people with glucoma and those who have seizures. Now are you smoking flower marijuana or are you using those vaporizer sticks known as Dabs? They have these 1 g vaporizer sticks that kids are using their parents money and spending $50 on a day. Blowing through tons of money getting stoned every day this is not the same product. So again dabbing is not the same thing as smoking flower marijuana that’s part of the issue at hand. Another major issue what about the high prices of marijuana and the 22% sales tax and states like Colorado and Nevada. So what about that a lot of us and I used to be a marijuana smoker until I woke up and realize that it wasn’t for me. But a lot of marijuana users today we’re saying hey when you get to legalize the prices are gonna be great but it’s not it’s the other way around it’s the worst part of capitalism. It’s the ugly part of capitalism the price of marijuana so high at the stores

 

[Moonglow]

Brother marijuana can specifically help some people with glucoma and those who have seizures. Now are you smoking flower marijuana or are you using those vaporizer sticks known as Dabs? They have these 1 g vaporizer sticks that kids are using their parents money and spending $50 on a day. Blowing through tons of money getting stoned every day this is not the same product. So again dabbing is not the same thing as smoking flower marijuana that’s part of the issue at hand. Another major issue what about the high prices of marijuana and the 22% sales tax and states like Colorado and Nevada. So what about that a lot of us and I used to be a marijuana smoker until I woke up and realize that it wasn’t for me. But a lot of marijuana users today we’re saying hey when you get to legalize the prices are gonna be great but it’s not it’s the other way around it’s the worst part of capitalism. It’s the ugly part of capitalism the price of marijuana so high at the stores

How much time did you spend running the streets looking for a lid?

 

[Marener]

"Hey, lets make the Government put pressure on lenders to give credit to people that have neither the means or the inclination to ever pay the money the money back, what could possibly go wrong?"

The bubble happened when banks pushed loans onto middle class mostly white people who thought that their houses would never lose value. The government didn’t tell them to do that. The banks did it on their own because the money was free and the fees were generous.

 

[Marener]

NEGATIVE….Bill Clinton and Democrats pushed the ignorant as fuck dark person EQUITY theory on lenders so lenders did what they were told to do and gave loans to dark people that weren’t smart enough to pay and or reconfigure the loan as terms changed. Simple shit for thirdgraders.

Racial predatory loans fueled U.S. housing crisis: study

Predatory lending aimed at racially segregated minority neighborhoods led to mass foreclosures that fueled the U.S. housing crisis, according to a new study published in the American Sociological Review.

www.reuters.com

You obviously didn’t read the article.

What a moron.

 

[BrokeLoser]

You obviously didn’t read the article.

What a moron.

The leftist spin put on the reality of what happened is/was intended for fools to believe.

Clinton Housing Policy Wrecked Economy, Not 1%

Election '16: With typical gall, Hillary Clinton in her campaign launch lit into "those at the top" for "stacking" the deck against middle-class families when in fact they are buried... Read More

www.investors.com

 

[Independentthinker]

Victor Davis Hanson was interviewed by Tucker Carlson yesterday before the state of the union address and he provided some informative details on how our economy has been performing under President Biden.

What was perhaps the most alarming economic statistic from the Biden era so far and Some thing that has literally priced millions of Americans out of the American dream would be the increase in home mortgage rates on a 30 year loan which have gone from 2 1/2% to over 6%.. It is brutal. Folks could be paying thousands of dollars more than anticipated for their mortgage now Every month ….It is even more brutal for the young couples who have children…. well if they are lucky enough to be together in a country with a divorce rate of over 50% , a country where marijuana sales have skyrocketed from 12 billion a year to over 35 billion a year. And yes I believe this is being done on purpose it is obvious. The government wants people so stoned out of their mind they don’t care that they’re living in squalor. They don’t care if they can’t afford a home for their children they have to keep renting.. if they’re lucky enough to even afford rent. The United States government has turned into a drug dealer leading 22% sales tax in many states on marijuana sales. And they want the money to keep coming in. Astonishingly President Biden and other Democrats are complaining about cigarette use when practically nobody is smoking cigarettes in this country compared to the American past. Marijuana use is skyrocketing though. what can marijuana get us? Psychosis. It can get us a depressed society. It makes men and women weak.


One just can’t get in front of a television as President of the United States and tell the American people things are going great. The State of affairs in America right now is not a good one economically speaking or socially speaking.

You couple the high interest rates with inflation with high gas prices it makes things even worse. It would be one thing if we didn’t have inflation. This is not the 70s this is not the 80s….. it’s much worse now with the rise of the negative side effects of social media with this new type of marijuana vaporizer sticks, “dabbing” no it’s definitely not the same marijuana as it was 30 years ago. We also have a much higher divorce rate compared to back in the late 70s during the days of Jimmy Carter when our economy was also struggling. It wasn’t the same back then it is worse now. So people can’t say “oh you know we’ve been through high mortgage rates before we’ve been through a bad economy “ the difference is now we coupled our poor economy with our social disasters like how the far left has cancel culture and the high divorce rate, the high drug addiction rates. We got a lot of work to do.

It will be a great uphill climb but it can be done through the will of the American people. It’s on us the American people to save the country.

The stupid idiots are only trading high inflation for high interest rates.

 

[Dragonlady]

Yes, I heard the war has been good for the Russian economy.

Who told you that Marvin??? FOX News???? Tucker Carlson??? The voices in your head????

 

[Dragonlady]

The leftist spin put on the reality of what happened is/was intended for fools to believe.

Clinton Housing Policy Wrecked Economy, Not 1%

Election '16: With typical gall, Hillary Clinton in her campaign launch lit into "those at the top" for "stacking" the deck against middle-class families when in fact they are buried... Read More

www.investors.com

It's highly amusing that you use a far right opinion piece from a Questionable Source website, to back up your lies that Bill Clinton is responsible for the collapse of the Housing Market, 8 years after he left office, and 6 years after W passed laws to make it easy to buy a house with no money down.

• Overall, we would rate Investors Business Daily Right Biased based on right-leaning economic and market positions. We would also give them a High factual rating on strictly investing and market news. However, editorially IBT is clearly a Questionable source with the promotion of right-wing conspiracy theories and numerous failed fact checks. In sum, we rate them far-right Biased and Mixed for factual reporting.

Investors Business Daily – Bias and Credibility

RIGHT BIAS These media sources are moderately to strongly biased toward conservative causes through story selection and/or political affiliation. They may

mediabiasfactcheck.com

 

[g5000]

Victor Davis Hanson was interviewed by Tucker Carlson yesterday before the state of the union address and he provided some informative details on how our economy has been performing under President Biden.

What was perhaps the most alarming economic statistic from the Biden era so far and Some thing that has literally priced millions of Americans out of the American dream would be the increase in home mortgage rates on a 30 year loan which have gone from 2 1/2% to over 6%.. It is brutal. Folks could be paying thousands of dollars more than anticipated for their mortgage now Every month ….It is even more brutal for the young couples who have children…. well if they are lucky enough to be together in a country with a divorce rate of over 50% , a country where marijuana sales have skyrocketed from 12 billion a year to over 35 billion a year. And yes I believe this is being done on purpose it is obvious. The government wants people so stoned out of their mind they don’t care that they’re living in squalor. They don’t care if they can’t afford a home for their children they have to keep renting.. if they’re lucky enough to even afford rent. The United States government has turned into a drug dealer leading 22% sales tax in many states on marijuana sales. And they want the money to keep coming in. Astonishingly President Biden and other Democrats are complaining about cigarette use when practically nobody is smoking cigarettes in this country compared to the American past. Marijuana use is skyrocketing though. what can marijuana get us? Psychosis. It can get us a depressed society. It makes men and women weak.


One just can’t get in front of a television as President of the United States and tell the American people things are going great. The State of affairs in America right now is not a good one economically speaking or socially speaking.

You couple the high interest rates with inflation with high gas prices it makes things even worse. It would be one thing if we didn’t have inflation. This is not the 70s this is not the 80s….. it’s much worse now with the rise of the negative side effects of social media with this new type of marijuana vaporizer sticks, “dabbing” no it’s definitely not the same marijuana as it was 30 years ago. We also have a much higher divorce rate compared to back in the late 70s during the days of Jimmy Carter when our economy was also struggling. It wasn’t the same back then it is worse now. So people can’t say “oh you know we’ve been through high mortgage rates before we’ve been through a bad economy “ the difference is now we coupled our poor economy with our social disasters like how the far left has cancel culture and the high divorce rate, the high drug addiction rates. We got a lot of work to do.

It will be a great uphill climb but it can be done through the will of the American people. It’s on us the American people to save the country.

It is precisely because the Fed kept interest rates too low for far too long, and encouraged wild spending both in the public and private sectors, that we have high inflation now.

Nobody ever wants to pay the piper.

 

[Mac1958]

The bubble was built on middle class mostly white people who thought that the free money would never end.

The banks got their cut of the free money. They didn’t need any government pressure because they were making tons of money off of them.

Yep. And, of course, Greenspan flatly refused to regulate the CDOs, CMOs and CDSs that drove us off the fucking cliff when they crashed. And ratings agencies fell asleep and gave those shit securities AAA ratings, which made it much worse.

That led to the Meltdown, and that led to the $9 TRILLION in stimulus that ignited this inflation when supply chains collapsed.

But the rubes don't know about that, as usual, so they'll call it fake news.

 

[marvin martian]

Who told you that Marvin??? FOX News???? Tucker Carlson??? The voices in your head????

LOL! You're so stupid. Just stick to warmongering and hating everyone who isn't like you. Leave the other discussions to the adults.

 

[FranklinRoosevelt_FTW]

It is precisely because the Fed kept interest rates too low for far too long, and encouraged wild spending both in the public and private sectors, that we have high inflation now.

Nobody ever wants to pay the piper.

I believe there’s another play here. That’s not the case my friend. Instead what we have going on is horrendous leader ship. And frankly the handling of the coronavirus could’ve been done a lot better that tank there economy. Better leader ship would’ve avoided that it comes at the presidential and local levels too. I think President Trump has his regrets from the coronavirus… President Biden could’ve handled the virus better…. looking back on how the world government shut themselves down …perhaps 500 years from now the historians will be shocked at this event.


Who will be the next American president to Become a leader. To stop making excuses. To stop saying that the manufacturing jobs are gone. Who will be the next president who can guarantee Americans a job at $30 an hour right out of high school like we used to have by the millions. Man how ugly are country is today and how glorious it was from the 1940s to the 1990s

 

[BluesLegend]

Home mortgage rates up 250% brilliant! Thanks Biden, thanks Dems you assholes!

 

[Billiejeens]

The bubble was built on middle class mostly white people who thought that the free money would never end.

The banks got their cut of the free money. They didn’t need any government pressure because they were making tons of money off of them.

That might be the best that you can explain it, but that is less than accurate.

 

[whitehall]

VDH is the new intellectual voice of conservatism. He is William Buckley without the pompous New England attitude.

 

[Marener]

That might be the best that you can explain it, but that is less than accurate.

You probably believed the right wing narrative of government intervention, which isn’t supported by data.

The subprime mortgages were created and funneled through unregulated derivatives markets. Banks made these loans because they were profitable for them. Not because government made them. In fact, the vast majority of loans were made by unregulated mortgage brokers, not community banks subject to stipulations in the CRA.

My guess is you know next to nothing about this, other than you’ve been told to “blame government”.