Bidenomics.
Auto loans:
Delinquency rates at highest level in almost 30 years
https://www.bankrate.com/loans/auto-loans/subprime-auto-loan-delinquencies-surge/
Homes:
Home Sales Were the Lowest in Almost 30 Years in 2023
https://www.wsj.com/economy/housing/home-sales-likely-fell-to-15-year-low-in-2023-3da220e1
So....Consumers have racked up record credit card debt. They are now defaulting on credit cards at a high rate. They are defaulting on car loans at the highest rate in 30 years. Home sales are the lowest they’ve been in 30 years.
Gosh, why do people think the economy sucks? Clearly they just don’t know how good they have it! Joe should continue to tout Bidenomics and tell them all about this wonderful economy.
I am going to predict that some Democrat is going to suggest that forgiving student loan debt will help alleviate the growing credit card debt.
The penniless college grads could then put the money towards their credit card debt.
And we all know they would do it being the wise Democrat educated people that they are.
And yet the dolts on MSNBC - the Joe's and Mika's and Georg Conway's can't figure out why people are sick of Bidenomics - and are turning to Trump? Liberal liar fools - they can't help Biden out of this one.
They figure they’ll get bailed out, just as with the student loans.
Never fear. Biden will just forgive all this debt as well.