Biden BOOMM Baby
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Re: Biden BOOMM Baby
... none of these statistics are unique to the USA and are largely due to the unusally low interest rates that were availabe in the pre-COVID era.
Now that global interest rates are approaching a somewhat normal range, people have less disposable income.
US Presidents do not control interest rates. The ex President was simply fortunate to enjoy low interst rates during his four years in office and to try and imply that current higher interest rates are the fault of President Biden is simply bogus.Last edited by SalesServiceGuy; 09-01-2023, 03:30 PM.Comment
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Re: Biden BOOMM Baby
... none of these statistics are unique to the USA and are largely due to the unusally low interest rates that were availabe in the pre-COVID era.
Now that global interest rates are approaching a somewhat normal range, people have less disposable income.
US Presidents do not control interest rates. The ex President was simply fortunate to enjoy low interst rates during his four years in office and to try and imply that current higher interest rates are the fault of President Biden is simply bogus.
Higher interest rates are generally a policy response to rising inflation. Like many other things, the Biden administration downplayed inflation and promised it was "transitory". So, yes, Biden is responsible for high interest rates.Adversity temporarily visits a strong man but stays with the weak for a lifetime.Comment
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Re: Biden BOOMM Baby
... none of these statistics are unique to the USA and are largely due to the unusally low interest rates that were availabe in the pre-COVID era.
Now that global interest rates are approaching a somewhat normal range, people have less disposable income.
US Presidents do not control interest rates. The ex President was simply fortunate to enjoy low interst rates during his four years in office and to try and imply that current higher interest rates are the fault of President Biden is simply bogus.Comment
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