“If we don’t fix the homeownership problem in this country, the cost-of-living crisis, and if we don’t give the next generation [a chance] at being owners and not renters, we are going to see what I call ‘Mamdani-ism’ spread across the country,” he predicted.”
Idiot. Bush Jr. tried to do EXACTLY what he’s talking about (remember “Ownership Society”). Instead he gave us 2008 and smooth path for Obama to take the White House.
Sounds like socialism to me. The free market will correct itself again.
That was because of subprime lending though - giving loans to people who didn’t have jobs to support the size of loan they were given. Subprime lending was one of the planks of the Cloward-Piven Plan to turn America communist. As was the Motor Voter law. And the only thing Obama ever used his law degree for was those 2 planks of the Cloward-Piven Plan. He argued the case for the Motor Voter Law to be forced onto every state, and his regular job was to harass lenders into getting their quota of “minority” loans, which were mostly the subprime loans that the financial world laundered into regular loans that made the whole system go belly-up in 2008, followed by the bailouts and all the crap resulting from that including huge, crippling national debt that we spend over $1 trillion/year now just to pay the interest on it if I’m understanding correctly.
That is a totally different story than trying to build the economy so that inflation is down and wages are up so people can afford more, getting rid of millions of illegals who are using up all the available housing and driving up the costs, and keeping the interest rate high to stiff Trump.
The “smooth path for Obama to take the White House” was a plan put in place long before Bush Jr. The idea of home ownership is good; the Cloward-Piven idea of using corruption and DEI to bankrupt the country is not.