Ronna McDaniel, chair of the Republican National Committee, says that if the GOP flips the House and Senate this week mortgage rates will come down. According to Freddie Mac, 30-year mortgage rates were as follows:
In 1977, when Jimmy Carter was president, the rate was 8.8%. Ten years later, when Ronald Reagan was president, it was 10.2%. In 2001, when George W. Bush was president, the rate was 6.9%. This year, the rate was 3.4% in January. As of October, the rate has more than doubled.
My question for McDaniel is this: Why don't you quote the ups and downs of interest rates historically? I'm guessing that if you did, then today's rate, while high, might not fit your GOP narrative so neatly.
On the Democratic side of the aisle, I wonder why Sen. Amy Klobuchar, my candidate for president in 2020, didn’t hit McDaniel harder when both were interviewed on CNN this morning. When it comes to GOP election deniers, the RNC chair says her party's candidates need to accept Tuesday's vote results after all their legal challenges have been exhausted.
Given that Donald Trump lost 61 of his 62 court challenges after the 2020 election, I'll ask the question Klobuchar didn’t: Why doesn't that same principle apply to the former president? More specifically, why haven't Republican leaders told Trump, in no uncertain terms, "You lost your challenges, so stand down."
Politics is both art and science. I'm no Georgia O’Keeffe or Dr. Jonas Salk, but I am an interested voter. How 'bout you?
-DF