There's a LOT of people here who don't even know about the latest QE because they're not told about it in their closed circuit informational universe.Yes, QE kicked in. Obama did the right thing, and watched the Fed pour $4.5 trillion into markets, and that's what unfroze credit markets and brought us back. I don't give him much credit for that, as he didn't have much choice considering what he inherited.
Going off your chart it is clear that a real decline in unemployment numbers did not happen until Obama second term which would mean the House has controlled by the GOP and John Boehner at the time and many State Governments had flipped GOP, can you explain what policies that Obama implemented that caused the downward turn for unemployment and was the drop in unemployment because of job creation or those that ran out of benefits and no longer reported?
You guys are desperate to make this about politics, but it's not.
And now you're celebrating an economy in which we have exploded the deficit AND the Fed is BACK to pouring hundreds of billions of dollars into markets to grease the system.
I don't think you guys even KNOW this. I don't think you care.
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The QE was prudent and needed... Both sensible sides agree with that, US was close to a depression at the time. It was raining and money was needed..
Difference now is Unemployment is low (thanks mainly to economy under Obama (I will concede a President get too much credit and blame for economies)) but Borrowing is at QE days, which is very dangerous... Trump and GOP are overheating this economy by extending it passed its due date to finish.
Compare that to Germnay who expected the down turn and prepared for it... They are running a surplus during a recession and letting the economic market to decide to bounce back... Trump is doing the one thing GOP used to be against, he has the Government interfering in the Market at the rate of a trillion dollars per year.
This a dangerous time, in which a significant portion of our electorate is choosing to operate on partial, aggressively skewed, isolated information.
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