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Discussion in 'Political Action Forum' started by DComeaux, Jan 21, 2021.
Record low unemployment and increasing wages ring a bell?
Wow - the economic envy is strong in this little one......
Question - when you go to the store to buy a bottle of Coke - do they ask how much you make before they tell you the price? Why should government be priced any differently?
It’s pretty simple. Trump had many lofty economic idealism’s that many people voted for. Some he accomplished, many he didn’t. Biden has many lofty economic idealism’s of which some will likely be achieved and some won’t. The net/net is a tough equation and determination of which one was better or worse, from a societal basis instead of a personal basis, is to be best assessed after a couple of years. Trading debt for supposed current economic impact is a not something that can continue forever.
I believe Trump said he wasn’t “thrilled”. And his response was after Powell had already raised the Fed Fund rate two times that year.
Do you know why Powell raised them?
Well you can always do what they did during the Obama Administration when they started to run out of “ammo” - they can print more money.
Does three bouts of Quantitative Easing ring a bell?
...aaannd somebody is standing next to Joe telling the tool what to do next.
I believe he raised them to put a little distance between zero points. If the economy went south and rate cuts were needed he could lower them .But by seeing your previous comments on the stock market you know more then I
But didn't Bush hand Obama The Great Recession the Dow was down 20% the S&P 50 % how was the Trump economy seems hard to compare these 2 administrations
Powell raised them because the economy was humming along at 4% GDP growth, and at that rate you don’t need money priced at 0%. You need money priced at 0% when you preside over the slowest, lowest growth “recovery” in history.
Yes it is.
TARP had already begun under Dubya the Idiot Kings last few months causing the Obama economy to grow due to borrowing $ for the TARP bailouts as well as printing money.
Prior to the Wuhan - Trumps economy was growing due to economic growth. Actually it was growing in spite of Trump and his tariffs.