The ABC, CBS and NBC evening news networks completely ignored new damning data that bookended Bidenomics as arguably the dumbest set of economic policies the U.S. experienced in its history.
So much for all the media kerfuffle about how President Donald Trump was inheriting a Biden economy in tip-top shape.
The Wall Street Journal reported January 16 that “Mortgage rates rose above 7% for the first time since mid-2024, an early setback for a housing market that is coming off two consecutive years of poor sales.” The data on the average 30-year fixed mortgage, which was released January 16 by Freddie Mac, “marked the first time since May that it rose above 7%, an important psychological threshold for buyers and sellers,” according to The Journal.
The higher rates were “dimming hopes for a recovery in the sluggish housing market,” The…
