I didn’t say anything about inflation, but during Carter’s stagflation, I paid 22% on a car loan.
And you could afford to buy that car and pay that outrageous interest rate. Interesting.
In Liberal’s defense, I hastedn to point out that he would’ve been buying a car from the 1970s – the automotive era that gave us such enduring classics as the Opel, the Pacer, and the Pinto.
Well, I had a VW Rabbit with fully-reclining red crushed velour seats. A veritable wolf in sheep’s clothing. Heh. (It’s amazing how well mere VW’s handle on the road too. Them Germans know how to make a car that can take a tight turn at high speed with no problem at all.)
Hey! I liked my Pinto.
Nobody tailgated me. 
As for the OP, lowering interest rates (which Greenspan did, not Bush or Cheney) was one of the few things they did right. The economy would really have been in the crapper without it, since the vaunted tax cuts haven’t helped much. It is just those people who have financed their lifestyle with home equity loans, and are going to retire with nothing in their homes, are going to pay later.
Let’s just focus on the one million lost jobs - and it’s not getting any better.
It was a beat-up used Monte Carlo badly in need of a paint job. The loan was right at a thousand bucks.