Democrats Claim Obama's Economy Was Better....Blow Their Argument Out Of The Water With One Question

mudwhistle

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The Democrats claim that Obama's economy was better than the current one. They claim that Obama was overseeing as much as a 5% GDP at times.
I don't remember the economy ever reaching 2% much less 5%, but nevertheless they claim that it was. Officially Obama averaged 1.5% growth overall, including the negative growth he inherited from Bush. The recession ended in June of 09. The only place it could go was up. So if the left's claims are true Obama should have averaged at least 3.9%. But he didn't. He only averaged 39% of that.
But Democrats are claiming now that Obama's economy was better than Trump's.
If you want to blow their silly claims out of the water with one question, try this:

How many times did the Fed raise interest rates to counter inflation under Obama?

Now watch the blank stares on their faces as they try to come up with an answer.

Why does the Fed raise or lower interest rates???

The Fed tries to counter inflation and a growing economy by raising interest rates dramatically. But because the economy was so lousy under Obama the Fed never started raising interest rates significantly until after Obama left office. The first time they were raised much at all was December 2015 (from .o7% to .20%). They had no reason to raise them before then because growth was so slow under Obama the chances of a balloon bursting was absolutely zero. As a matter of fact, until Trump was elected the Fed stayed pretty much away from raising rates. Ever since Trump was elected the Fed has been raising rates like clockwork, mainly because of the positive economic outlook, among other reasons.

Federal interest rates stayed low (or almost zero) the entire time Obama was president. A couple of months after Trump took office the Fed raised them to .66%. There has been a steady increase in interest rates to it's current rate of 1.91%.........which indicates a growing economy.

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Federal Funds Rate - 62 Year Historical Chart

The side-effect of this is that Democrats can start complaining about the debt because as interest rates go up the costs of the debt grows accordingly. But thanks to Obama's buddies in the Fed, he never had to deal with it. He ran up the debt dramatically from $10 trillion to almost $20 trillion and never had to pay much of a price for doing it.

Trump announced that he would run for president in June of 2015. Could it be the fact that a possibility of a Trump presidency caused Obama's friends in the Fed to start raising interest rates....or is is just a coincidence??? Who knows.....but that's another issue.

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While I agree with you the OP is just too busy as in what is the simple question?
Comparing Trump's ongoing presidency to completed presidencies of the past?
where's the data on where past presidents were at this point in their first term?
 
While I agree with you the OP is just too busy as in what is the simple question?
Comparing Trump's ongoing presidency to completed presidencies of the past?
where's the data on where past presidents were at this point in their first term?
Actually that isn't a good measuring stick either.
Not when it comes to economies.
Obama's economy didn't really start going until Obama was 6 years into his administration.....and even then it was fairly stagnant.

But if you really want to compare economies on specific dates.....knock yourself out.
Trust me....Obama will fare pretty badly if you do that.
 

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