Posted on 10/29/2023 7:54:15 AM PDT by Kaiser8408a
Bidenomics is a windfall for the donor class (high rate of return on campaign contributions) while the middle class gets beaten to a pulp. Waiting for Biden to lean over and creepily whisper “It’s working!” Even though it is clearly not working, at least for the middle class.
Evidence that Bidenomics is not working and destructive? Try the surging income needed to buy a house under Biden. Home prices are rising faster than median household income. As in $111,000 income needed to buy a house, while median household income is only $78,000. So, housing is simply unaffordable under Bidenomics. The Biden era is outlined in pink.
Mortgage purchase applications have collapsed to 1994 levels.
Meanwhile, stressed households are seeing credit card delinquencies at the highest level since 1991.
2022 was a bad year for investments under Bidenomics. 2023 year to date is showing huge gains for Bitcoin, the NASDAQ and gold. Bringing up the rear are long duration Treasuries and REITs (real estate investment trusts), both earning negative returns thus far of less than -10%.
When will we see rats fleeing the sinking SS Bidenomics as it sinks? JPMorgan Chase stock slips after bank says CEO Jamie Dimon is selling 1 million shares.
Biden, Treasury Secretary Janet Yellen and Fed Chair Jay Powell have a bad case of screwing you (Doctor, Doctor).
(Excerpt) Read more at confoundedinterest.net ...
“..It’s 100% guaranteed that the courts will never allow that...”
Yup. Without a doubt.
However, at some point, it’s gonna reach the point where the “courts” no long have standing anymore.
Or just ignore them like the democrats do.
What are their options?
Until legitimate law and order can be restored and judges can’t make rulings based on their emotions, like the guy in NYC, do what you want.
Bidenomics: a financial wet dream spawned from within Joe’s dirty diaper.
I would have left .
…
Taxes. Ever-higher taxes, as a percentage of income. Used to be that a wage-earner could support a family of 6 or more, and buy a home. Lower local, county, state and federal taxes and fees. Only way to preserve your money in inflation times is to invest in property, which elevated housing prices.
Inflation is unsustainable, because of overspending by government and passing paying back debt to future generations. Very out of control.
AMEN!
Prices in Minnesota are like $329,000 for 1.5 acres and 1,600+ sq feet plus a basement and next to a lake or a nice view of forest and grassland. My relative there sends me links to view places. Only drawback is the 6 months of winter plus mosquitos in the summer.
You think I Freep 24/7?
Brings back memories of the late 70s. (Carter time)
The party out of power always tries to make everybody feel miserable to advance their political power. It’s just not that bad right now for my family and circle of friends. I refuse to play these games.
FHA allows up to a 46% DTI ratio for mortgages...doesn’t seem so awfully tight to me...
It is one of those end time things ... lovers of money.
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