The idea that Americans think putting republicans in power will improve the economy is just nonsense as always

[Toddsterpatriot]

And lest we forget, they don't even realize that "the greatest economy ever" (ha) was driven by the Fed,

How much QT did the Fed do again before Covid?

 

[Mac1958]

How much QT did the Fed do again before Covid?

Couldn't tell you offhand. Do you have a point?

 

[DukeU]

It's Trump's tax cuts stupid.

So, the debt is going to go down now that *biden raised taxes on corporations?

 

[Toddsterpatriot]

You know the Fed withdrew 1/3 of the money supply and caused the crash, right?

FDR extended the Great Depression by 8 years and it only ended when Hitler invaded France and US entry into WWII was a foregone conclusion. FDR AVERAGED 20% unemployment over his first 2 terms, greatest disaster ever!

You know the Fed withdrew 1/3 of the money supply and caused the crash, right?

The Fed didn't shrink the money supply, but when there were widespread bank failures that shrank the money supply, the Fed refused to buy bonds and re-inflate the money supply.

“Regarding the Great Depression, … we did it. We’re very sorry. … We won’t do it again.”
—Ben Bernanke, November 8, 2002, in a speech given at “A Conference to Honor Milton Friedman … On the Occasion of His 90th Birthday.”

That's why, in 2008, and after, the Fed opened the taps and lent and boosted the money supply.

 

[Nostra]

It's Trump's tax cuts stupid.

Nope. What bullshit.

 

[Toddsterpatriot]

Couldn't tell you offhand. Do you have a point?

You keep saying Trump's economy was driven by the Fed.
You don't know that before Covid, they started reversing QE?

Obama's economy was the one driven by the Fed.
The Fed's spread sheet was about $2.04 trillion when he took office, $4.45 trillion when he left.

Under Trump, by August 2019, it was down to $3.76 trillion. Down more than 15% in his
first 2.5 years.

Since Biden took office, it's gone from $7.4 trillion to over $8.7 trillion.

 

[Toddsterpatriot]

Couldn't tell you offhand.

Obviously.

 

[Mac1958]

You keep saying Trump's economy was driven by the Fed.
You don't know that before Covid, they started reversing QE?

Obama's economy was the one driven by the Fed.
The Fed's spread sheet was about $2.04 trillion when he took office, $4.45 trillion when he left.

Under Trump, by August 2019, it was down to $3.76 trillion. Down more than 15% in his
first 2.5 years.

Since Biden took office, it's gone from $7.4 trillion to over $8.7 trillion.

QT started in June, 2022.

Charles Schwab

 

[Mac1958]

I just broke my own rule, of discussing markets/economics with a blind, ignorant Trumpster.

Their arrogant ignorance is depressing.

Gotta stop doing that.

 

[Toddsterpatriot]

QT started in June, 2022.

Charles Schwab

This round. Are you really ignorant of the tightening under Trump? LOL!

Recent balance sheet trends

The Federal Reserve Board of Governors in Washington DC.

www.federalreserve.gov

 

[Toddsterpatriot]

I just broke my own rule, of discussing markets/economics with a blind, ignorant Trumpster.

Their arrogant ignorance is depressing.

Gotta stop doing that.

Is that a Trumpster foot up your ass? LOL!

 

[Toddsterpatriot]

QT started in June, 2022.

Charles Schwab

Thanks for the link.
Looks like you didn't read it very well.

What's that gray bar during Trump's term?

Is it your blind arrogance? Or your arrogant ignorance?

 

[Nostra]

Thanks for the link.
Looks like you didn't read it very well.

View attachment 717085

What's that gray bar during Trump's term?

Is it your blind arrogance? Or your arrogant ignorance?

OUCH!

That's gonna leave a mark in the smug dumbass.