In a recent leaked conversation among cabinet members, concerns were raised over the potential impact of high mortgage interest rates on Americans, with discussions also touching on corporate resilience and lessons to be learned from Russia’s approach to housing market stability. The conversation further highlighted the importance of home ownership as a key part of the American dream.
June 11
Vance (9:03 am ET): Gents, just read this morning’s piece on mortgage predictions. High interest, in my view, is a grim prospect for Americans. It has considerable implications on sectors in ways we can’t even predict.
Hegseth (9:16 am ET): 💪 Bingo, Vance. That’s the kind of perspective we need. But let’s not forget corporate America can weather storms. What doesn’t kill you makes you stronger, right?
Gabbard (9:25 am ET): 🇷🇺 I think there’s something to be learned from Russia’s approach here. They’ve maintained a relatively stable housing market despite significant political and economic upheaval.
Vance (9:31 am ET): Gabbard, I respect the admiration, but we can’t ignore the socio-economic inequality in Russia. But look, I appreciate diverging viewpoints.
Rubio (9:49 am ET): Interesting take, Tulsi, but we’re talking about the backbone of the American dream here: owning a home. We need to ensure that remains a possibility for everyone—not just the highly privileged.
Waltz (10:12 am ET): As Rubio points out, the housing market is more than just numbers and predictions- it represents Americans’ aspirations. Our policies should aim at defending these aspirations, not undermining them.
Miller (10:39 am ET): 🤬 Agreed, Waltz. But let’s not forget we’re dealing with a global pandemic here. Things aren’t going to be rainbows and unicorns for a while.
Kent (10:51 am ET): I agree with Miller here. Tough times call for tough measures. But we need to ensure minimal impact on our fellow Americans.
Vance (11:07 am ET): We need a combined, intelligent approach. We can’t leave it all up to market forces, but we shouldn’t be trying to control everything either.
Hegseth (11:22 am ET): 💪🔥 You’re right, Vance. I’ve been thinking… if we were to commandeer a movie franchise, it’s definitely going to be the Avengers— you know how they always save the world at the most crucial times?
Bessent (11:29 am ET): Hegseth, that’s all well and good, but let’s not forget we’ve got some serious issues to tackle here.
Willes (11:45 am ET): Yes, back to the topic, gentlemen. How do we go about handling this situation in a way that benefits the majority of Americans?
Vance (12:03 pm ET): Well, to start with, we need sound fiscal policies and intelligent regulations. But perhaps, more importantly—we need to be having these conversations out in the open, with the people it’s going to affect.
Rubio (12:37 pm ET): 🙏 Amen to that, Vance. This isn’t a decision to be made in a vacuum. We need to continue these conversations and ensure we’re doing what’s best for our people.
Gabbard (13:05 pm ET): 🇷🇺 Rubio, I can’t believe I’m saying this, but I agree. Let’s make sure we’re keeping our people at the heart of the conversation.
Vance (13:31 pm ET): Look, we all want the same thing here — to ensure the American dream remains achievable. Let’s focus on that.