AntonToo
Diamond Member
- Jun 13, 2016
- 31,106
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I answered your question as clearly and simply as I could: QE unfroze the system and created the momentum that led to job creation and positive GDP growth.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 know this. I don't think you care.
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Feel free to link me Celebrating this because I assure you I am not but as usual you will put me with the Trumpster group.
The actual fall for unemployment under Obama was mixed but I did ask a simple damn question you did not want to answer and what was it?
Was the downward decline because of job creation or those dropping out and no longer reporting because their benefits had run dry?
The unemployment indicator is a poor idiot way to judge how well the economy is actually flowing.
I never mentioned anything about the pumping of money into the government or the fact during Obama eight years the Feds kept interest rates low as hell...
So pleas kind Sir show where I am celebrating because I can tell you I am not a fan of Trump economy and was one of the few on this board that went off when Trump almost crashed it with his threat of closing off Mexican trade...
Now get busy...
I'm tired of repeating the obvious here.
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But the job creation during Obama eight years were mainly low wage earning jobs and not high earning jobs which many of those high earning jobs in fields like medical and engineering were being farmed out to H1-B visa holders, so again was Obama economy that great?
Also no you did not truly answer the question because you know for a fact the decrease during Obama time was in part from the dropping out of searching for a job and not participating in the labor market.
You know this and play coy as usual because of your TDS.
Fact is the country is heading toward a massive downturn that will not be a recession but a great depression under Trump second term.
I do not feel comfortable with the course of actions Trump has taken and feel his policies and hotshot attitude will cause a war and economic collapse but I also do not credit Obama for saving the economy from George W. Bush time seeing Obama was a Senator during the time when the collapse started.
It take more than one man to save a nation like ours but it can take only one man to collapse it...
Pure fabricated bullshit. Unbelievable.