Did Bidenomics kill the American dream?
Homes and cars are becoming increasingly
unaffordable for the middle class
Daily Caller News Foundation,
by
Will Kessler
Original Article
Posted By: ladydawgfan,
9/24/2023 6:12:27 PM
Average Americans are finding homes and cars increasingly unaffordable as inflation from high government spending raises prices and degrades purchasing power.
Half of consumers are being priced out of the car market as the cost of a monthly car loan payment is far exceeding what an average American can afford, while the home affordability index has fallen from a 169.9 point average in 2020 to 87.8 points as of July, according to the National Association of Realtors. One key driver of the rising expenses is inflation, which peaked at 9.1% in June 2022 and is linked to high government spending under the Biden administration,
Reply 1 - Posted by:
TrueBlueWfan 9/24/2023 6:37:12 PM (No. 1562667)
All on purpose.
20 people like this.
Reply 2 - Posted by:
bighambone 9/24/2023 6:43:01 PM (No. 1562672)
You better believe it, the middle class can no longer afford cars and houses, the poor are out on the street increasingly homeless, and the welfare money is being diverted to feed and house the masses of poor and uneducated illegal aliens from the Third World who Biden and the leftist Democrats are allowing into the USA in unlimited numbers.
18 people like this.
Reply 3 - Posted by:
DVC 9/24/2023 6:44:23 PM (No. 1562673)
This is exactly to plan.
They hate us.
They want us dead.
In the meantime, they want us to be serfs.
24 people like this.
Reply 4 - Posted by:
24tea@Mag 9/24/2023 7:00:51 PM (No. 1562679)
Unaffordable and becoming scavengers is what Joe and Dimos want.
10 people like this.
Reply 5 - Posted by:
VietVet68 9/24/2023 7:23:44 PM (No. 1562687)
This is intentional and hasn't happened by accident. The goal of the democrats is to destroy the middle class bcfause we stand in the way of their plans for total control. Everything they do from the so called green movement to electric vehicles is to limit our freedoms and give themselves more control and power.
16 people like this.
Reply 6 - Posted by:
LC Chihuahua 9/24/2023 7:27:59 PM (No. 1562689)
Currently don't even own a car. Rather save my money. The Lady Chihuahua and I share one car. She purchased a new car in the middle of the pandemic for 15500.
8 people like this.
Reply 7 - Posted by:
Historybuff 9/24/2023 7:33:10 PM (No. 1562693)
Get on the bus comrades.
You will like public housing.
After all the White House is public housing.
11 people like this.
Reply 8 - Posted by:
FJB 2022 23 24 9/24/2023 7:37:32 PM (No. 1562695)
He and his minions are killing this country piece by piece. I hope he rots in hell.
13 people like this.
Reply 9 - Posted by:
24tea@Mag 9/24/2023 7:41:03 PM (No. 1562697)
When sleepy Joe was elected, that’s when the downfall began. America and Joe have been on a downhill slide ever since. Bidinomics is a problem, but Joe was the first problem and needs to go.
6 people like this.
You will own nothing…
10 people like this.
Reply 11 - Posted by:
jalo1951 9/24/2023 7:52:58 PM (No. 1562700)
Yes, this is what they want. They want us out of cars and on to public transportation (unless you are rich) and out of houses into apartments in blue cities. What everyone here has said is true. But don't forget that cutting the throat of our natural resources is the catalyst. EVERYTHING we use no matter how much or how little is affected by the price of energy. They are f-ing us big time and enjoying watching us flounder. They are evil and I hope they all burn in hell.
6 people like this.
Reply 12 - Posted by:
seamusm 9/24/2023 7:59:47 PM (No. 1562707)
The MOST important consequence is that children become unaffordable as well.
8 people like this.
Reply 13 - Posted by:
danu 9/24/2023 8:25:02 PM (No. 1562719)
all this too shall pass; america has triumphed through bad times, with bad people.
this time round i believe we could do w/ a booster---from PDT in the WH.
6 people like this.
Reply 14 - Posted by:
justavoter 9/24/2023 9:39:28 PM (No. 1562777)
You can tell Biden loves the poor. Just look how many he is making
6 people like this.
Reply 15 - Posted by:
DanvilleBill 9/24/2023 10:30:54 PM (No. 1562797)
I don't own a car or a home.
I don't even own any clothes. Or food.
But I DO belong to a nice country club in a gated community.
I guess you can't have everything.
But the parties here are nice.
3 people like this.
Reply 16 - Posted by:
JimBob 9/24/2023 11:54:53 PM (No. 1562820)
#15, are you "Rev'rund Sharpton" or Zero, using a pen name?
Never forget what Lenin said:
"The way to crush the bourgeoisie (the middle class) is to grind them between the millstones of taxation and inflation."
.... and that is EXACTLY what The HairSniffer's handlers are doing.
1) Cutting off the petroleum supply and 2) draining our national STRATEGIC reserve 1) increases the price of fuel, which increases the price of everything else, and in the end destroys the value of the Dollar. 2) puts America in a real bind if we get into a serious conflict with, say, China.
Related to 1): Since WWII, countries around the world have relied on the US Dollar as a stable 'reserve' currency for use in international trade. With The HairSniffer's handlers destroying the value of the Dollar, many countries are joining the 'BRICS' (Brazil Russia India China South africa) coalition to set up a stable, Gold-backed currency to use as a 'reserve' currency for international trade, replacing the Dollar. This will further reduce American influence around the globe. Again, deliberately done by The HairSniffer's American-hating handlers.
5 people like this.
Reply 17 - Posted by:
Grateful 9/25/2023 2:44:09 AM (No. 1562853)
Let me fix that headline for you. 'Bidenomics killed the American dream'
There, thats a completely accurate headline!
1 person likes this.
Reply 18 - Posted by:
doctorfixit 9/25/2023 2:51:29 AM (No. 1562857)
Socialism's target for Death is the middle class, along with Faith, Family, Freedom, and Private Property.
3 people like this.
Reply 19 - Posted by:
Trigger2 9/25/2023 5:01:26 AM (No. 1562893)
This is all by design by the corrupt Barry & Joey team.
4 people like this.
Reply 20 - Posted by:
mifla 9/25/2023 5:08:11 AM (No. 1562899)
Retired seniors can no longer afford their rent. They are the new homeless and they will have to fight the immigrants and the veterans for the cardboard box they call home.
3 people like this.
Reply 21 - Posted by:
DiegoDude 9/25/2023 6:35:58 AM (No. 1562925)
I thank God we had financial discipline early on. Our home has been paid off for many years and no car payments
3 people like this.
Reply 22 - Posted by:
GustoGrabber 9/25/2023 6:44:57 AM (No. 1562927)
Should we somehow endure this, we need to remember the important failure of the Bushes, the Republican establishment who didn’t believe resisting communism inside the walls was the stuff of a kinder, gentler America.
2 people like this.
Reply 23 - Posted by:
weirdone 9/25/2023 9:57:32 AM (No. 1563031)
Killing the American Dream
Since Joe Biden took office in January 2020 the U.S. money supply has increased over 32% and the inflation rate has risen every month he has been in office. Overall inflation has now reached nearly 20%.
Interest rates continue to rise with little effect on inflation.
The National Debt on January 1, 2020 was 26 trillion dollars, it is now rapidly approaching 34 trillion dollars and is reported to consume nearly 50% of GDP under the current interest rates.
A Budget short fall of 1.4 trillion dollars is predicted for 2023.
Gasoline prices have doubled, and food is up over 20%.
Credit card debt has reached over 1 trillion dollars, an- all time- high, and can only increase due to the current economic disaster.
Mortgage interest rates are rapidly approaching 8%.
The Biden Administration having given Ukraine 104 billion dollars in aid continues to throw money down that rat hole while ignoring domestic disasters like the devastating fires in Hawaii and the chemical spill in East Palestine OH.
If these statistics don't scare the hell out of you and make you fear for your country and its future, there is something wrong with your perspective of the current conditions.
1 person likes this.
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I'm just grateful that I financed my car while President Trump was still in office!!