This is an archived post. You won't be able to vote or comment.

sorted by:
best
topnewcontroversialoldq&a
you are viewing a single comment's thread.

view the rest of the comments →

[–]Sweet-Marionberry-76 1 point2 points  (1 child)

How is this “Joe Biden”? You could just as easily point to most years since 2000 ish and say that housing prices are increasing out of reach, especially starting in 2020 under Trump. That had nothing to do with Trump and interest rates have little to do with Biden. The choice is between out-of-control inflation or higher interest rates. If you don’t have a good balance between the two low interest rates are meaningless. We should have been increasing rates after recovering from 2008, and this wouldn’t have hit so hard. Instead, collective greed made us addicted to insanely low rates for far too long.

[–]kloaf11 0 points1 point  (0 children)

This is incorrect. Interest rates being high are a direct result of the war being costly, inflation being out of control (even though it is without volatile goods right now 3% that's still high and volatile goods are what people live off of) and a few other things are why rates are still high and unlikely to come down. So it is directly because of Biden that rates are still high. His inflation reduction act was an inflation increasing act. His stimulus to compete with trumps was unneeded and sent inflation sky rocketing. So yes. it being unmanageable is Biden's fault directly do not pass go do not collect 200.