Biden's economic turmoil has rendered 'American dream completely kaput': Charles Payne

Payne, host of “Making Money,” noted Federal Reserve Chairman Jay Powell raised interest rates 0.75%, which will cause some debtors to hit the brakes on taking out loan.

With the average home price dropping nearly $ 100,000 in two months, rents skyrocketing and inflation causing companies like McDonalds to increase prices, Payne argued the collective effect has been the dissolution of the American dream:

“You know what the sad part is? A large part [of the population] is already pushed out, right. There are no starter homes and all the houses have been being bought by Wall Street, more recently, by foreign buyers, by second buyers, by cash buyers. This makes it prohibitive,” he said.

GREEN GOVERNANCE NEW GUISE FOR MERCANTILISM; WILL LEAD TO GLOBAL INSTABILITY: HERITAGE PRESIDENT

President Biden famously put his head down and rested it on his hands when faced with tough questions during an August news conference.

President Biden famously put his head down and rested it on his hands when faced with tough questions during an August news conference.

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