Well, in the long run it did “work”. But it was a shitty liberal solution by a liberal president, not sure why anyone is surprised.
That said, he became president as the entire world economy was imploding. I would wager that anyone in the position would have presided over the drop in home ownership you referred to. It’s not really fair to put any kind of blame on him.
Except maybe Bernie, or another actual socialist that would have just paid off people’s shitty mortgages rather than bail out banks. But shit, we can’t even get student loans forgiven, people in this country would have revolted if they saw black people being “given free homes,” while they still have to pay their mortgage. Literally revolted.
Obama took over after the housing market fell out from under the entire country and the economy was in complete recession…
And his response to that recession was to give money to banks and ask them politely not to foreclose on people. We see how well that worked.
Well, in the long run it did “work”. But it was a shitty liberal solution by a liberal president, not sure why anyone is surprised.
That said, he became president as the entire world economy was imploding. I would wager that anyone in the position would have presided over the drop in home ownership you referred to. It’s not really fair to put any kind of blame on him.
Except maybe Bernie, or another actual socialist that would have just paid off people’s shitty mortgages rather than bail out banks. But shit, we can’t even get student loans forgiven, people in this country would have revolted if they saw black people being “given free homes,” while they still have to pay their mortgage. Literally revolted.