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.
Look at all the graphs for the other races linked on that page. They all follow the same curve. Homeownership across the board followed that curve, not just for black Americans. You have an obvious agenda.
It is to your claim that he specifically failed black americans.
And it’s also your move to prove that Obamas policies were actually the issue, because similar things happened all over the world, and a government can only do so much.
He took on after 8 years of deregulation and bad policies set the economy up for an unsustainably driven bubble followed by the inevitable pop. Just like the fed printing more money than has ever been printed before during Trump’s rule, followed by…surprise! Inflation!
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Obama took over after the housing market fell out from under the entire country and the economy was in complete recession…
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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.
Actually Bush signed that before Obama was president. It was 2008.
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The guy who offered first time home buyers 8k? Lol.
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Look at all the graphs for the other races linked on that page. They all follow the same curve. Homeownership across the board followed that curve, not just for black Americans. You have an obvious agenda.
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It is to your claim that he specifically failed black americans.
And it’s also your move to prove that Obamas policies were actually the issue, because similar things happened all over the world, and a government can only do so much.
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No, you didn’t say “specifically”, you just completely imply it if you word it like that. Stop playing wordgames please…
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What policies of Barack Obama do you think contributed to this?
Do you believe the president actually has a role in determining whether black people can achieve home ownership?
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Ah, yes! 2004! A truly defining year for the Obama presidency when…
checks notes
…he was still the junior Senator from Illinois. Huh…
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Obama’s policies were a disaster
He took on after 8 years of deregulation and bad policies set the economy up for an unsustainably driven bubble followed by the inevitable pop. Just like the fed printing more money than has ever been printed before during Trump’s rule, followed by…surprise! Inflation!
Don’t forget expanding the Bush wars and giving insurance companies a captive income stream