Your standard, they are helpless, rant.
Nothing like that appears in any post of mine.
I'm posting about what happened. Your interpretation of the implications of capability, helplessness, mental attitudes and character flaws, etc, are beside the point.
If you want to argue that the facts of what happened imply that the victims of the Republican Crash were helpless or otherwise of flawed character, nobody can stop you - but my posting is not involved.
Interest rates have come down and not up for quite some time
Too late. That hasn't helped those who lost their wealth in the Republican Crash of 2008 - it's done them harm if anything: they can't even earn significant interest on their savings accounts or bond purchases now.
The Crash was a dozen years ago. The ARM adjustments that broke the camel's back are matters of public record.
The rest is either just your standard rant or a result of borrowing more than they could afford
No, it isn't.
That's why you can't actually argue against any of it, and keep posting jerkwater platitudes with no basis in historical fact.
Unfortunately for the American rightwing crowd, this is public record, historical event, stuff that happened - when you post half-comprehended muddle from the first chapter of an economics textbook you never read through, the conflict with what anyone who was paying attention remembers from real life is immediate and stark.
For example: The idea that a few poor people in America for some reason suddenly deciding to take out larger mortgages than they could repay - and apparently holding a gun on their local bankers, to get them to fork over the money - brought down the entire Western financial system on three continents and ruined dozens of the largest banks in the world, is a stupidity so crass one can hardly believe it is honestly endorsed by grownups.
The fact that conning desperate, ignorant, or vulnerable applicants into taking out mortgages that are larger (or set up to get larger) than the applicants can possibly repay is illegal in the US - that there are laws against predatory mortgage lending, for good reason, and lefties favor them is just the beginning of what's wrong with this wingnut fantasy. The fact that the entire American residential real estate market - not just the working class's small overborrowing fraction, the whole thing - was less than one tenth the size of the derivative market that led the collapse, is merely another letter in the game of horse's ass that they lost twelve years ago when Goldman Sachs came hat in hand (and visible fear in aura) to W's White House (to cover emergency cash loans whose origin no one has ever described - although it's no secret who on this planet would have had that kind of money on hand, or how they would have reacted to a failure of Goldman to obtain government bailout money as promised).
If the loans weren't made you would have cried foul (racism) and later when loans were tightened for everyone you now say that's racism in action.
Silly boy.
Why the American wingnut has to invent stupid shit for other people to would have said if things had been completely different than they were is obvious. Why they try to pin it on people who are right in front of them and laughing at their inability to invent anything plausible is less obvious.
Your dumbass fantasy world doesn't exist. I've been all over this forum advocating tighter bank regulation, and warning that the regulations haven't been tightened enough and aren't being enforced by this Republican administration, for example. Nowhere, ever, have I said that the recent and inadequate tightening of mortgage lending in my State is racism in action.
In the real world I and the people like me not only said the opposite of what you just invented there, but put money behind it - the lefties and liberals in my State organized with other States and paid lawyers to try to block the racist mortgage lending that we could see was going to blow up in our neighborhoods, and tried to get the Feds to regulate the banks - beginning by enforcing the laws being broken and the regulations being ignored. We were beaten by the Republican administration and its pet Court.
When interest rates are already high, any increase in taxes does have negative effects. When it's not so high, the effect is not as clear. It's the same with inflation and the unemployment rate.
The US economy has never been in that range.
Btw: You want employment rate, not unemployment rate, for that argument.