Joe Biden’s administration is currently facing criticism over its handling of the illegal immigration crisis, with concerns raised about the financial impact on American citizens.
The Federal Reserve chairman of Minnesota has highlighted how the influx of migrants is contributing to higher mortgage rates, which in turn is creating financial hardships for young couples and families across the country.
Despite efforts by Democrats and the media to downplay the negative effects of illegal immigration, the reality is that it is causing significant economic challenges for many Americans.
This issue has even sparked frustration among liberals in blue cities who are feeling the direct consequences of the crisis.
According to a report by Breitbart News, Federal Reserve Chairman Neel Kashkari pointed out that increased immigration under President Biden’s administration has led to a surge in demand for housing.
As a result, mortgage rates have been pushed up due to this heightened demand, making it more difficult for individuals and families to afford homes.
Kashkari emphasized that while the long-term impact of immigration on inflation remains uncertain, there is no denying the immediate strain it puts on housing markets.
The Federal Reserve has been forced to respond to rising inflation by raising interest rates, a move aimed at stabilizing the economy amid ongoing concerns about government spending.
However, Biden’s policies have only exacerbated inflation by allowing millions of migrants—both legal and illegal—to enter the country since taking office in 2021.
This influx has further strained resources and contributed to the economic challenges faced by American citizens.
Critics argue that President Biden’s approach to immigration has been misguided, with his administration failing to address key issues effectively.
The disregard for potential economic consequences has left many Americans grappling with higher costs and limited access to affordable housing.
As Kashkari noted, there needs to be a recognition that immigration policies can have significant impacts on various sectors of the economy, including real estate and mortgages.
In response to these challenges, calls have been made for a more comprehensive strategy that considers both humanitarian concerns and economic realities.
Inflation, gas prices, and mortgage rates are climbing, unemployment just hit the highest level in 2 years, and hardworking Americans are struggling to get by.
Joe Biden's response?
Force YOU to pay for healthcare for illegals and the student loans of art students. pic.twitter.com/4TkcPISyu0
— Karoline Leavitt (@kleavittnh) May 3, 2024
Mortgage rates have SKYROCKETED under Joe Biden & 78% of would-be homebuyers say financial factors are keeping them from being able to purchase a home.
Joe Biden’s economy has made the American dream a fantasy! pic.twitter.com/HWPLt73SR4
— Center for Renewing America (@amrenewctr) May 6, 2024
Is there any wonder why a growing number of Americans want to return to the Trump years?
democrats are just following the communist china plan to destroy America for china
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When are people going to wake up that Biden doesn’t want them or America to proper???
Democrats attitude toward the J6 crowd and prosecuting citizens who only wanted an honest election should have opened the eyes of most, but evidently it didn’t.
Most Americans have turned their backs on “GOD”, now he is turning his back on them.
The whole joke of an Administration has no concern about America, Communist Anti-American pedophile Joe Biden (Not A President) has sold so many Classified documents to the Communist Chinese that they now own his ass and the Whole Dumbest idiots in his Joke of an Administration.
The worthless POS Republicans are allowing the Communist Joe Biden to get away with it since the day he stole the election in 2021.
When President Trump regains the Presidency he should have every Communist brought up on charges for high crimes.
That Illegitimate Joke Joe Biden and his puppet masters should also be charged and arrested “but, Anti-Constitution and Anti-American Joe Biden will probably sell as much of America to the Chinese as he can knowing President Trump will take more than 4-years to get America back on track.
And dumb stupid Communist voters will blame President Trump for everything Pedophile Biden has done to destroy America.!
I absolutely Hate Communist Democrats.!
As a senior citizen who purchased a home years ago, my mortgage payment has increased by over $400 per month since Biden took office. More than half of my social security income is going to my house payment. My IRA account is depleted at this point due to the rising costs of living including utility bills, gasoline, car and house insurance and food costs. Everyday items that are requirements like laundry soap, body soap, everything…I am about to become homeless due to Bidenomics and yet our congress and senate continue to support other countries in war, in allowing illegals into our country, instead of the people who are paying all these taxes to support them. I all for helping other countries HOWEVER, OUR COUNTRY AND ITS PEOPLE NEED TO COME FIRST. I certainly don’t see any other countries coming to the aid of Americans. It is sad and very, very wrong that American citizens are being displaced and becoming homeless due to Bidenomics. This man is the worst plague America has ever had to deal with and he is a plague on all Americans.
Anyone who wasn’t asleep could have seen this coming. DEMORATS ARE JUST PLAIN EVIL to their core. I really don’t understand how they think this invasion won’t affect them.
If you have a two bedroom house and one bathroom, do you really think you can accomodate 100 people???? NO WAY. So what makes the evil DemoRats think this country can accommodate MILLIONS of welfare-sucking, raping, murdering foreigners???? If the Legal U.S. Citizens who are homeless can’t get any help, it sure isn’t right to take what little they have and give it to a bunch of foreigners. Besides that, the foreigners are the most UNGRATEFUL, DEMANDING bunch of miscreants I’ve ever seen. They come here and make demands. What nerve!
Fck the DemoRats, FJB and fck the foreigners.
YOU ALL ARE WELCOME AS LONG AS YOU COME IN LEGALLY!!!
Biden’s Illegal Immigration Crisis is Raising Mortgage Rates ???
No Schiff.
Biden doesn’t have the mental capacity to lead our nation, he is destroying it every day but democraps are so brainwashed that they can’t see it. But as more democrasps become Republicans they discover the error of their previous ways.
President Trump, on the other hand, has a clear record of economic growth and will do so again when he is back in office.
If you want food prices to lower, and gas prices to lower, and mortagage rates to lower, as well as everything else that biden has ruined, vote for Trump in November and you and the entire country will be doing much better under Trump.