The Affordability Crisis: Who Is To Blame?
Power Line,
by
John Hinderaker
Original Article
Posted By: Hazymac,
11/18/2025 11:45:59 AM
Normally I wouldn’t do anything so facile as to blame inflation on a particular politician, but given that the Democrats are pinning their hopes on hanging the “affordability crisis” around President Trump’s neck, a little historical perspective is in order. Thus, from the Unleash Prosperity Hotline:
We went back to January 2020 when the pandemic started. We found that 13.5% of cumulative inflation (prices are 24% higher today) has happened under Trump, while 86.5 percent of cumulative inflation happened under Biden.
So the “affordability crisis” is the hangover effect of Bidenomics when the White House dumped some $4 trillion of helicopter money out the windows.
This chart shows it nicely:
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Reply 1 - Posted by:
Starboard_side 11/18/2025 12:54:11 PM (No. 2031421)
While I presume they thought this chart would be helpful, it does not show any decline yet.
People are upset with high rents, particularly in the major cities. And with no prospects for building more rental units in those cities except for the luxury apartments which are only higher priced, then it's a continuous cycle.
Many likely forgot how expensive it was due to the waivers many had during COVID where they didn't need to pay their rent so suddenly it's a huge dent in their monthly budget.
There is lots of space in many major cities but they need to be cleared out and new housing built. It takes thought and political leadership which won't happen in those Democrat-run cities.
Need to point to that lack of leadership and the lack of any plan to fix the issue.
8 people like this.
Reply 2 - Posted by:
jalo1951 11/18/2025 1:07:29 PM (No. 2031426)
Rising prices due to inflation are accumulative. They are added to each month, and added to the next month and so on so forth in perpetuity. There is not a clean reboot at the beginning of each month. During the FJB years inflation was crazy high which means prices rose at a higher rate never to come down again. If it is a supply and demand issue when supply is rebuilt the cost products usually falls. Throw in the fact that our money is now worth less than before and it is a double whammy. Trump can help by keeping inflation low but the damage was already done by FJB. All the money that has been wasted on pet projects (climate, buying votes, illegals. "free giveaways", etc) also adds to costs. But thinking that the complete take over by the government is a good idea is f-ing dumb. And if American/World History was taught again in schools maybe the ignorant would not come across the fools that they are.
15 people like this.
Reply 3 - Posted by:
seamusm 11/18/2025 2:04:05 PM (No. 2031431)
Who's to blame will not matter in upcoming elections because the MSM will blame who is currently in office for 'why haven't my expenses gone down?' The GOP is in almost a no-win situation in large measure for just the reasons Hinderaker describes.
8 people like this.
Reply 4 - Posted by:
stablemoney 11/18/2025 2:23:34 PM (No. 2031435)
Democrats are to blame. Things are improving under Trump, but the Democrats created a huge mess that will take his whole term to clean up.
7 people like this.
Reply 5 - Posted by:
Hazymac 11/18/2025 2:37:33 PM (No. 2031437)
The Donks are a party out of bounds. There was a song of that title ("Party Out of Bounds") some 45 years ago. The great B-52's from Athens, GA. They didn't mean it this way, but here's how I identify this song.
https://www.youtube.com/watch?v=tcXMq_DvP6M (Party Out of Bounds)
A sampling of the lyrics ....
"Who's to blame when parties really get out of hand?
Who's to blame when they get poorly planned? ...
Crashers get bombed, slobs make a mess ...
People get sick, they play the wrong games
You know, it can ruin your name ...
Be tactful when making the rounds
And maybe you can save a party
Party gone out of bounds
Gone out of bounds ...."
They're OB. And in golf, that's as good as dead. I know these things.
3 people like this.
Remember Springfield, Ohio and the 2024 media furor over whether illegal immigrants were being unjustly accused of "eating the dogs, eating the cats?" Reporters taking a closer look at Springfield discovered that the sudden influx of illegals under the "Biden" Administration had exerted sharp upward pressure on rents in a community where affordable rental had previously been abundant. When one considers that illegals were exerting the same upward pressure on rents throughout the United States, and couple it with illegal immigration's well-known downward pressure on wages, you have a major chunk of the "affordability crisis."
We need to do a better job of emphasizing that removing illegal immigrants is, in addition to its more obvious benefits, good for the pocketbook.
5 people like this.
Reply 7 - Posted by:
czechlist 11/18/2025 9:20:38 PM (No. 2031536)
IMO we boomers abd gen x are to blame. we became obssessed with wealth - whoever dies with the most wins. After my company initiated a 401k plan they had to limit access to on line accounts as employees were checking their accounts and moving investments several times each day. Children became a liability as they cost time and $$. Big houses, new vehicle , vacations, boats and lake lots, time shares, Keeping up with the Joneses became what mattered.
WE drove up the cost of living with demands that our investments would make and keep us wealthy and the government, corporatoons and banks delivered.
I recently sold my parents house with strict orders to the real estate agency - no flippers nor corporate buyers only families were to be considered no matter the offer. Sold to a young pregnant couple at a little loss but worth it to me.I hope they and their children enjoy that Home as much as we did.
7 people like this.
Reply 8 - Posted by:
Strike3 11/19/2025 10:02:53 AM (No. 2031678)
Somebody had to say it and #7 did. Thank you. Ever since the 1970s, Americans have been spending more than they can afford on overly-large homes, cars that will impress their neighbors and coworkers, and entertainment. Credit cards were somewhat easier to manage back when the interest rates were reasonable but people who get into trouble now face rates approaching 30% and they quickly go under. When you see teenage boys driving monstrous pickup trucks that sell for 70K and beachfront homes that people go into half-million dollar debt just for a view of the water, it doesn't take much of a setback to put an entire family under.
Pay your house off as quickly as possible, drive good quality, not luxurious cars and cook your food instead of eating out all of the time and life is much more affordable. If you have parasites living in your basement who think that "Gaming" is a career, get their fat butts to a job. Avoid universities in favor of trade schools. Those graduates learn lifetime skills and make great money instead of awarding your kids with useless overpriced degrees that keep them dependent on you for the next twenty years.
0 people like this.
Reply 9 - Posted by:
NYbob 11/19/2025 12:22:10 PM (No. 2031738)
Greed. From slobs for leaders and representatives to a media and culture putting money ahead of truth and doing the right thing. We are so far away from the difficult sacrifices that made the USA great, that we probably won't survive. Not without the kind of pain and effort, so many of us resist. We are a nation with gangrene, unwilling to lose a limb.
0 people like this.
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The chart showing inflation since January 2020 (beginning of COVID) is instructive. Yes, FJB throwing about money confetti, turned on those printing presses at the Bureau of Engraving and Printing, and covered the world with $USD, now worth a lot less. Anyone with a grasp of basic economics knows why.