On the recordJuly 27, 2022
That is exactly right. You are spot on. Listen, this administration can try all they want to redefine the meaning of a recession, but they cannot change the realities of what this means to the average family. Like you just described, we have people who are trying to get in homes, and with the hike today, there is no question that is going to prevent many people from being able to get that car that they desperately need to replace the one that is falling apart or a home or whatever it may be, loans of different types. This is going to, right out of the gate, take thousands and thousands and thousands of people across this country away from being able to get those things. I was speaking just this week with a leader in the construction industry in the State of Georgia, and I just said, Tell me the truth, what is your future? And he said, it was dismal. Man, we are seeing the brakes being put on in a major, major way. Of course, as far as construction, right now Georgia is a major mover and shaker, and they are seeing it come to a halt, in his words--just along with what you said--we see no end in sight. It is just now starting to slow down, but we do not see on the horizon anywhere soon that this is going to be turning the corner.
