2007, yep. That's what I said. At the beginning of his term.
Looks EXACTLY like a claim you made. Please go ahead and show evidence of this. We'd all like to see it.
I answered your question already.
He is responsible for making policies and regulations that stifle economic development. Companies have stopped growing as a result of Obamacare and started hiring part-time instead of full time workers. His "shovel ready" jobs program was an utter failure. These and other programs that Obama sponsored have hurt the American economy.
Your question is really just a bunch of bullshit, but I answered your intent anyways.
So the question is: which part of this is Obama's fault?
Is he responsible for workers aging faster?
Do you blame him for young adults going to college?
And the decline has been going on since approximately 1965. So was Obama responsible for that as well?
That would be a neat trick, of course, given that he was a four-year-old in Kenya at the time, but I suppose anything is possible.
* We have the lowest home ownership rate in 51 years.
joefromchicago wrote:So the question is: which part of this is Obama's fault?
The part where his administration has done nothing to improve the numbers.
You still have failed to disprove a single fact. Do you have more stupid questions?
You seem to forget: I accepted all your stated facts as true. I have no interest in disproving any of them. My point here is that those facts are meaningless without any context. Your earnest, albeit ultimately unsuccessful, attempts to provide that context merely confirm that point. Thanks for playing along!
As this Economic Letter suggests, some of the explanation likely stems from innovations in the mortgage market that resulted in greater access to credit, lower down payment requirements, and easy and low-cost access to the equity in a house, which makes homeownership more attractive.
The mortgage business has long been a tug of war between a social commitment to broad homeownership and the schemes of private financial operators looking to make a quick buck. In the wake of the Great Depression, the U.S. government devised a strikingly effective system for bringing homeownership to the masses. Since the late 1970s, however, this system has been dismantled in the name of deregulation, causing a string of disastrous results.
In short: Millennials want to buy houses, but they simply can't afford to.
And unlike during the mid-2000s, there's no credit bubble to paper over their pathetic earnings so they can buy that humble bungalow or huge McMansion.
Do you consider that a positive thing for him?
Do you deny the fact that we have the lowest home ownership rate in 51 years? Is that somehow untrue?
So no one is disputing or contesting the facts, just whining that the facts exist./quote]
Actually, joefromchicago pointed out the FACT that two of McGentrix's points are opinions and four of his points are questions, making them non-points.