LARRY KUDLOW: The affordability crisis will be front and center at the presidential debate

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FOX Business host Larry Kudlow discusses economic issues Americans are facing under the Biden administration on 'Kudlow.'

It's a kitchen table election and that's the subject of the riff. Heading toward the CNN Presidential Debate next Thursday, one would think former President Trump would be pulling together a scathing critique of President Biden's performance regarding that old political cliché, kitchen-table issues, which surfaced again in the form of today's affordability crisis for working folks regarding housing. Things like inflation, groceries, gas prices, etc.

Even in the healthier red states, sky-rocketing mortgage rates and home prices have made it very difficult, if not impossible, for working folks of any color or stripe to afford to buy a home -- and in particular that includes younger folks. Not enough has been written about this from a political standpoint, but it sure should come up in the CNN Presidential Debate next week and, remember, high inflation and borrowing rates have squelched middle- and lower-income purchasing power.

 

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