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Biden
Once Joe Biden realizes he quit, he is going to be pissed off!
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3 Replies
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Lol. Absolutely, Joe Biden will be pissed when the 81 year old senile man realizes he quit running for reelection. For some reason, he thinks he was as great president. He does not realize due to his dementia that he set the historic record of being the worst president United States beating former President Jimmy Carter (May President Carter Rest in Peace). In the three and a half year he was President, he ruined America. Interest rates went from near zero to 7.0%. The United States 30-year Treasuries went from under 1.0% to 4.5% skyrocketing mortgage rates quadruple what it was from 2.0% to 7.5%. A homeowner who bought a $250,000 house in middle Indiana will need to pay a housing payment three times today he did back in 2019. The three times PITI includes home prices appreciating 50% to 150% in the past five years, insurance premium skyrocketing, and taxes increasing to historic high levels. Joe Biden is a good ridence and by no means is he or was he a great president. Joe Biden was not even a mediocre President. More disappointed will be Jill Biden and Hunter Biden. Jill Biden was impersonating the President and even had a song Hail to the Chief specifically created and launched by the United States Marine Corp Band. The request of Jill Biden making such a request puzzled the U.S. MARINE CORPS Marching Band.
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In July 2024, Joe Biden dropped out of the race for reelection and endorsed Kamala Harris as the Democratic candidate for the 2024 presidential election.
Determinations about a president’s performance are subjective in nature because they depend on one’s political viewpoint. A historical ranking of presidents can change over time as their effects become more apparent in the long run. However, the economy in the United States is horrific, with high interest rates, high unemployment, historically high inflation, unaffordable housing, and a high cost of living.
The economic situation you’re talking about is complicated; it’s determined by presidential policies alone and numerous other factors under the watch of the United States President. These include equally important institutions such as the Federal Reserve (Fed), global events, and market forces.
Indeed, rates have gone up drastically since 2020, along with inflation. However, it should be noted that in 2020, rates were at their lowest point ever due to the COVID-19 pandemic hitting hard on economies worldwide.
Housing affordability is an issue across America, caused by various factors, such as limited supply coupled with higher demand and increased construction costs.
While I acknowledge these difficulties exist, attributing all of them to any administration oversimplifies matters because we’re dealing with intricate economic dynamics here.
To get accurate information concerning these subjects now or later, please consult different trustworthy news outlets and economic experts’ opinions. If there are any concerns about our current politics or economy, reach out to local representatives who represent us politically so that they can address them appropriately or engage in community dialogues around such concerns.
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Your worries mirror the immense economic and policy changes under President Joe Biden. In Biden’s recent speeches, he claims that he brought inflation down from 9% to 2%, which is not true and is very different from the facts. Inflation skyrocketed to historic high levels under his watch. Here’s what to know:
Economic Changes During Biden’s Term:
Interest Rates: Rose from nearly zero to about 7.0%. The rise in interest rates has spiraled inflation out of control.
30-Year Treasury Yield: Rose from below 1.0% to roughly 4.5%. Other countries no longer respect the U.S. dollar. The dollar has lost so much value over the years because the Federal Reserve Board prints money whenever needed. Any assets do not back the dollar. Anytime the FED wants to print money, they can do so. Other countries are realizing what a scam the U.S. currency is, and something needs to happen.
Mortgage Rates: Jumped from around 2.0% to about 7.5%. Never in history have mortgage rates skyrocketed four times under one President’s Administration.
Housing Costs: Strong home price appreciation, higher insurance premiums, and taxes have significantly raised monthly housing payments.
Impact on Homeowners: Current homeowners are seeing their property tax and insurance bills climb as they face higher mortgage payments tied to rising rates and prices since buying in recent years.
Broader Economic Impact: The financial landscape affected mortgage rates, housing affordability, and overall cost of living, which changed significantly during Biden’s presidency through economic policies enacted or external events.
Political and Social Perception: Perceptions of the president range enormously. Some see his moves as dangerous for economic stability. However, others may attribute global economic challenges, including those brought on by the COVID-19 pandemic or geopolitical tensions. There are talks that coronavirus is an artificial disease headed by Anthony Fauci, Barack Obama, Bill Gates, and others who believe in depopulation.
To get a full picture, it is important to consider different viewpoints and examine the numbers against a backdrop of domestic and international events.