here or there? that s over 1,000 bucks in fees. no. it s amazing to me that this kind of policy is even being suggested and then and implemented. it really is counter to the american way of doing business. we teach people, you know, as part of our financial literacy efforts here in the state to pay off your debts and increase your credit score and you ll be in a position to borrow money and now this flies in the face of that. it really distorts market as treasurer moore said. another example coming in and punishing people trying to do the right thing drawing criticism from members of cabinet. of course it is. they lived through the mortgage crisis that we had under
could change over the next year and a half. i thought david axelrod put a fine point on it by saying i think the state of the economy, whether we have or don t have a recession in 2024 is a big factor. here is the point, marc. we had no idea when we began in january of 2007 by the time september 2008 the country would hurdle into a mortgage crisis and economy collapse. there are real concerns. we re due for a recession. if it hits at the wrong time it can have bad effects for the incumbent. the big unknown now as you sit back and try to gauge how this campaign may or may not go. 75% of americans think the economy will get worse. majority of them blame biden. he is probably the weakest incumbent going into re-election in many, many years. while he has a high disapproval rating, so does donald trump. the wall street journal, a trump former pollster and now a
say you have a 640 credit score, that would be considered a below average credit score, and you put 20% down on $350,000 mortgage. in the past, before today, you would have paid more than $10,000 in fees. now you are paying less than $8,000. so a nice break for you if you have lower credit scores. problem is, if you have a 740 credit score, considered a very good score, in the past you would have paid less than $2,000 in fees and now you will pay more than 3,000. not fair, say a lot of people. rewarding folks with lower credit scores, also one real estate economist points to the housing bubble and the mortgage crisis then and says we could be in for another run there. listen. the end result could very likely be the same even though the inputs are different. it s not a subprime mortgage crisis but it s a general
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or at least expose the biden administration trying to do something that might put is back in the position of a mortgage crisis of 2008. bill: we don t want that. house speaker kevin mccarthy. the sad part is that the democrats need to do their job. the president can no longer ignore not negotiating. senator schumer, if he thinks he has a plan, put it on the floor and see if you can pass it and we can go to conference. but now the president can no longer put this economy in jeopardy. we lifted the debt limit and sent it to the senate. we ve done our job. the only body in here that s done theirs. bill: the house speaker kevin mccarthy touting a major win as republicans pass the bill to hike the debt ceiling. majority is slim. this was right on the edge. he says it is now up to democrats to do their part and compelled the president to