But wait - wouldn’t that decline in unemployment and rise in stocks be because of Bush??? You are a joke.
The economic recovery was purely on the federal reserves shoulders, not Obamas. Historically low interest rates that never went up combined with 10 trillion in new debt and even a monkey could make the economy recover. Funny though how liberals will credit the stock market going up now because of Obamas leadership, but they wont credit Bush with that run up from the low of 6500 to 11,500 that first year Obama was in office.
Please refresh my memory for me: Which US President had the benefit of 3 QE’s where the Fed balance sheet was expanded by trillions, TARP which included expanded US Government guarentees, near 0% interest rates, and a $750 billion stimulus package that included a bailout for a foreign based toy company? Which US President was able to continue to grow employment and see more record highs in US equities in spite of less slack in the labor market, much higher short and long term interest rates, a stronger dollar, Fed reducing liquidity, and trade tensions over much needed renegotiations? It doesn’t make sense to you, right? The key ingredients to continued economic expansion and stock markets gains post Obama is tax cuts, the promise of reduced regulation, and focus on negotiating trade deals to make them more fair. Fairer trade agreements can mean increased domestic manufacturing if it done right. The following concept is really simple: If you create a friendly business environment, businesses will be encouraged to take risks by starting new business ventures or expanding their current operations. US citizens then get the benefit of higher employment rate, greater potential national security through less reliance on foreign manufactured goods, and tax revenues. Even the quality of employment gains under Trump is better than under Obama. Obama expanded Government jobs and helped create opportunities for new businesses that provided goods and services related to increased US Government regulations. Under Trump, we are getting more manufacturing and related supporting business and employment which provides a sound, sustainable economic base. Useful products and worthwhile jobs are being created under Trump, unlike, to some extent, under Obama. If you don’t like this post, please feel free to start another couple of threads on the same subject, like you did before.
Because he had zero knowledge of finance or anything related to running a business. Never had a job in the private sector. He probably couldn’t balance a checkbook. Total bozo.
Barack Obama was a community organizer and junior Senator from Chicago. Liberal media built him up as a genius and way more qualified than Sarah Palin who they called dumb! Sarah Palin was actually, the mayor of Wasilla and was elected as the Governor of Alaska! She is way smarter than the liberal political hacks attacking her! Remember her remarks on the death panels of Obamacare? It is there! Called medical advisory board! Socialist medicine in the UK also, rations its medical care. Not once, mentioned by our liberal media hacks! Sarah Palin would have been a better President than Obama! That I have no doubt of! It was just dumb running John McCain who was clueless about the economy. He was also, way in over his head! Sarah Palin should have been the one running for President and not John McCain!
1. Obama’s solution was “Quantitative Easing” protracted over a period of several years. A “SHAM” jobless economic recovery where the government printed trillions of dollars in order to buy US Assets. Of course the bond and equity markets slowly recovered. UNCLE SAM WAS THE BEST BID. Any IB analyst will tell you about the bogus civilian unemployment numbers. CEO’s were scared shitless to invest or to hire - they didn’t have faith. 2. Obama took hundreds of millions of dollars from Wall Street and the Hedgies - set records in fact. You rail on and on about Trump paying off whores. Let’s talk about the highest priced whore ever - Barack OBama. The Federal Prisons should be at present stocked with tried and convicted criminal mortgage bankers, criminal mortgage loan officers, and criminal mortgage bond ratings agency executives.
The perception is not as popular as you think among the citizenry. The tax law is polling terribly. CEOs laud the windfall of deficit funded tax breaks but they are also reliant on security provided by the military, an educated workforce, transportation infrastructure, and the legal:justice system. All of that stuff cannot be run ad infinitum on deficits. There are no free lunches.
This is bogus. Quantitative easing was a federal reserve monetary policy to combat deflation. Is you believe Obama implemented quantitative easing then you have no idea how our money system works.