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

[Billiejeens]

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”.

You are not a good guesser.

 

[pknopp]

Money should be free or nearly free and there should never be any inflation related to all that cheap money..........or at least that's the word of the greedy.

 

[Marener]

You are not a good guesser.

You’re not a good liar.

 

[Papageorgio]

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

Funny how you want an unbiased source however, you continue to blame just Republicans for 2008.

Here a a few links I have given you several times and you continue to perpetuate the lie.

Who Caused the Economic Crisis? - FactCheck.org

Summary A MoveOn.org Political Action ad plays the partisan blame game with the economic crisis, charging that John McCain’s friend and former economic adviser Phil Gramm “stripped safeguards that would have protected us.” The claim is bogus. Gramm’s legislation had broad bipartisan support and...

www.factcheck.org

The 2008 Meltdown And Where The Blame Falls

(Image credit: Getty Images via @daylife) Note: This blog is based on my notes for a speech at the Harvard Class of 1957 55th reunion in Cambridge, Mass. on May 22nd. Armageddon was threatening the financial system on Wednesday, September 17, 2008. The largest bankruptcy in American history...

www.forbes.com

Who to blame for the Great Recession? So many big names are in the frame

Fred Goodwin lost his knighthood but the global financial crisis was not all his fault – and the list of those who erred is long

www.theguardian.com

25 People to Blame for the Financial Crisis - TIME

The good intentions, bad managers and greed behind the meltdown...

content.time.com

 

[Dagosa]

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.

Pretty much where they should be. The low interest rates are what drove banks into a volatile and undependable stock market. You need to reward savings. Savings account should at least keep up with the cola. It was ridiculous. Everyone is forced to live beyond their means with free money.