*Feds Try To Take Credit For Booming Economy*

[chesswarsnow]

Sorry bout that,

1. No, the President gets to claim this rise in economic benefit!
2. Powel needs to shut his mouth, he is a drag on this economy if anything.
3. Powell credits Fed policy for the US economy being 'in a good place'

Regards,
SirJamesofTexas

 

[Harpy Eagle]

Sorry bout that,

1. No, the President gets to claim this rise in economic benefit!
2. Powel needs to shut his mouth, he is a drag on this economy if anything.
3. Powell credits Fed policy for the US economy being 'in a good place'

Regards,
SirJamesofTexas

That is as funny as Trump taking credit


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[healthmyths]

Whether or not it is Trump's positive business attitude (which I personally believe is the case) or the simple fact Trump would NEVER say or do what Obama did to thwart the economy.
READ if you want facts about how Obama blasted American businesses, put policies in place to bankrupt businesses and bragged about it!

 

[frigidweirdo]

Sorry bout that,

1. No, the President gets to claim this rise in economic benefit!
2. Powel needs to shut his mouth, he is a drag on this economy if anything.
3. Powell credits Fed policy for the US economy being 'in a good place'

Regards,
SirJamesofTexas

So you're saying Obama should take credit for this economic boom?

I wouldn't even give it to Obama. He was a steady ship when one was needed, but beyond that it's not his economy. It would have happened.

Even worse than that, the US is still in a dangerous boom and bust cycle that none of the previous presidents has done anything to stop.

 

[healthmyths]

Now as far as the Fed Reserve.. YUP they helped maintain the IMAGE when they did the QE1,2 & 3 infusion of $3 trillion into the market.

Bernanke: Fed's actions led to stock rally
Federal Reserve Chairman Ben Bernanke said the central bank's latest effort to pump money into the economy is partly responsible for the rise in the stock market, but not for the reason critics think.The stock market rally that began last summer was fueled by the Fed's efforts which improved U.S. economic activity, he said

Bernanke: QE2 helped to lift stock prices - Jan. 13, 2011

The market's stability certainly wasn't due to Obama's anti business positions. Obama like all socialists hate profits.