Thing. extending it, expanding it, that s a whole other thing. inflation is out of control. we have the highest inflation since 1990 when ice ice, baby was the number one song in the land. they ve a been failing at since day one. the american rescue plan act injected more funds into consumer demand, it ramped up consumer demand at a time when supply was lagging due to logistical constraints, manufacturing delays, and this plan would double down on that strategy. it s juicing demand even more when manufacturing and logistics are still being delayed due to covid issues. so this is going to make the problem a lot worse. it s the reason why people are saying already thanksgiving is going to be 15% more expensive in terms of your meal, there s going to be shortages of christmas presents, some items aren t going to be on the shelves. this is hitting real americans in a very significant way. neil: all right. we ll see. because it s the certainly hitting americans when they go visit the pump
And only the only other ideas that are out there are not really popular with the republican base. so far only front-runner mitt romney has spoken out specifically on foreclosures and democrats were quick to attack. foreclosures everywhere. and what s mitt romney s plan? don t try and stop the foreclosure process. let it run its course and hit the bottom. let arizonans hit the bottom? newt gingrich said the answer is to renegotiate mortgages and write rules to make it profitable for banks to do it. of course he didn t detail how. whatever the option it is likely not palatable to republicans. juicing demand through something like another tax credit would be seen as more government bailout spending. controlling supply by modifying more mortgages, that s bailing out those who acted recklessly. and forcing banks to forgive principle would just end up in more bailouts to the banks. part of the reason the whole
To the housing crisis is no answer. well, because there s no good answer. i think that s why. there s no obvious solution to the housing problem. and only the the only other ideas that are out there are not really popular with the republican base. so far only front-runner mitt romney has spoken out specifically on foreclosures and democrats were quick to attack. foreclosures everywhere. and what s mitt romney s plan? don t try and stop the foreclosure process. let it run its course and hit the bottom. let arizonans hit the bottom? newt gingrich told the las vegas sun the answer is to, quote, renegotiate mortgages and write rules to make it profitable for banks to do it. of course, he didn t detail how. whatever the option it is likely not palatable to republicans. juicing demand through something like another tax credit would be seen as more government bailout spending. controlling supply by modifying