Comments by "Andy Hughes" (@andyhughes1776) on "Michael Bordenaro"
channel.
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@Xlargenoob ALL of our problems today have their roots in the massive moving of our manufacturing plants overseas beginning in the early 1990's (remember the push for Globalization - that's what it was all about, not to "bring people together." That was just to con the public into adopting it)
Ever since then, our economy went down.
So to stop it from collapsing then, the Feds "stimulated" the economy by lowering interest rates.
That created the Dotcom bubble (remember?) to give the illusion that the economy was booming....until that bubble popped.
To fix that, they lowered interest rates again and created the housing bubble, which collapsed in 2008.
To prop that up, they allowed foreign investors to buy up homes in the US, which stimulated our economy (people bought furniture, appliances, etc to go with their new homes)
Then the FEDS cut rates again and by then, ordinary Americans jumped in the housing market and began flipping.
That brings us to where we are today - unaffordable homes for local Americans with local salaries.
So, this is not a partisan issue.
It spanned 30 years under how many presidents both Democrat and Republican?
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