Biden is not only ripping off taxpayers for hundreds of millions (billions?), but he’s trashing the economy for all of us. Could he conceivably be any worse of a president? Or is it deliberate?
We ain’t seen nothing yet. I remember the stagflation and economic malaise of Jimmy Carter. When my wife and I bought our first house in late 1979 we had a 30 year fixed mortgage at 11.25%interest. Within a few months mortgage rates were above 15%.
Okay I’ll play contrarian. Why are 7.2% home interest rates bad? I bought two houses in the 90’s using VA loans. One was 8.5% fixed, and one was 8.0% fixed. Artificially low interest rates kill savers, and drive up real estate prices because of cheap money.
7.2% from a historic perspective ain’t bad.
The war in Ukraine is not the cause of inflation. It is the result of “Bidenomics”.
There was no war when Trump was president. Why? Fossil fuel was cheap. Putin needs high energy prices to finance his war. Biden’s first actions in Jan 2021 were to guarantee that Putin could and would finance his war on the backs of American consumers...and consumers everywhere.