The following chart was recently posted on Twitter:

As gasoline prices and interest rates rose in the early 2000’s, many people had problems paying the adjustable-rate mortgages they had taken out, and the cost of commuting to work began to increase rapidly. There were many reasons for the collapse of the housing market in the early 2000’s, but that was a contributing factor. We are currently experiencing the same financial crunch. Hopefully the banks learned their lesson in 2008 and are not issuing as many sub-prime loans.

Elections matter, and unless you want to continue deeper into stagflation, I suggest that you vote for President Trump.