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www.cnbc.com
Fed to pump in more than $1 trillion in dramatic ramping up of market intervention amid coronavirus meltdown
The Federal Reserve intervened in financial markets for the second day in a row.
Buying securities. Like crazy folks.
For you folks that know what this means.
I'll show you more federal spending before Biden even took office.
Inflation didn't start until Biden started his "war on energy", his $1.9T "blue state bailout" and his "$1.2T "infrastructure/green energy" bill, DUH.They did it all eight years under Obama also. So as far as economics go, Trump and Obama were pretty much one and the same. But yes, this is the biggest reason we have the inflation we have now.
www.foxbusiness.com
They did it all eight years under Obama also. So as far as economics go, Trump and Obama were pretty much one and the same. But yes, this is the biggest reason we have the inflation we have now.
Inflation didn't start until Biden started his "war on energy", his $1.9T "blue state bailout" and his "$1.2T "infrastructure/green energy" bill, DUH.
View attachment 673596
Remember: there have been massive spending bills flushed into the economy this year – already -- and mostly financed with debt: the $1.9 trillion blue state bailout bill back in the spring and the $1.2 trillion infrastructure/green energy bill.How Biden's policies ignited inflation
A simple and inviolable law of economics and finance explains in one sentence why the Biden government's spending bills have accelerated the rise in consumer prices to their highest rates in nearly 30 years.
NoThe difference being that Obama was doing it to soften the impact of the recession and was reducing both the deficit and the amount of Federal Reserve intervention at the end of his Administration. When Trump came into office, he went on a debt fuelled spending spree throughout his 4 years in office, and cranked up the Fed's printing presses.
Trump SHOULD have been raising taxes and cutting spending in the boom, not cutting taxes. His tax cuts and spending were highly inflationary in a boom economy, and then came the trade wars. Watching Trump in office, it was easy to see why he's presided over 7 large corporate bankruptcies. Stupid and incompetent doesn't begin to cover Trump's business skills.
No
Over 2 million people lost their homes between 2009 - 2014.
But the banks and investors that owned the mortgages?? - They were bailed out 100 cents on the dollar, included profits - AND - they got to keep the houses to boot.
That is what happened.
Millions went bankrupt. Except the wealthiest Americans. They had record earnings at the same time period we were all sucking on eggs.
And you are too stupid to know it
It really is amazing how Pres Obama has never done anything wrong. The dude gets to blame everything bad on the last guy or the next guy but gets to take credit for everything good that happened during the same time period. I have to tip my hat to him.The difference being that Obama was doing it to soften the impact of the recession and was reducing both the deficit and the amount of Federal Reserve intervention at the end of his Administration. When Trump came into office, he went on a debt fuelled spending spree throughout his 4 years in office, and cranked up the Fed's printing presses.
Trump SHOULD have been raising taxes and cutting spending in the boom, not cutting taxes. His tax cuts and spending were highly inflationary in a boom economy, and then came the trade wars. Watching Trump in office, it was easy to see why he's presided over 7 large corporate bankruptcies. Stupid and incompetent doesn't begin to cover Trump's business skills.
More than that, the cult took credit for the economy that had trillions of inflationary stimulus pumped into it, AND the orange buffoon BEGGED the Fed for MORE.Buying securities. Like crazy folks.
For you folks that know what this means.
I'll show you more federal spending before Biden even took office.
www.cnbc.com
The difference being that Obama was doing it to soften the impact of the recession and was reducing both the deficit and the amount of Federal Reserve intervention at the end of his Administration. When Trump came into office, he went on a debt fuelled spending spree throughout his 4 years in office, and cranked up the Fed's printing presses.
Trump SHOULD have been raising taxes and cutting spending in the boom, not cutting taxes. His tax cuts and spending were highly inflationary in a boom economy, and then came the trade wars. Watching Trump in office, it was easy to see why he's presided over 7 large corporate bankruptcies. Stupid and incompetent doesn't begin to cover Trump's business skills.
You 2 mental giants realize that the Fed isnt controlled by the President right? They dont do the POTUS's bidding. So there's that.More than that, the cult took credit for the economy that had trillions of inflationary stimulus pumped into it, AND the orange buffoon BEGGED the Fed for MORE.
But, of course, they're not told about that stuff in their universe.
Trump calls on Fed to cut rates by 1% and urges more quantitative easing
In a two-part tweet, the president says more easing would make the economy "go up like a rocket."
xiden’s america …9.1 inflation, massive interest rate raise…xiden and dembots making americans poorer againWhat does this have to do the the intervention by the Federal Reserve, doofus???? We weren't discussing the Housing Bubble or the bailout, we were discussing the interventionist policies of the Federal Reserve under Obama and Trump.
Yes, there was a House Bubble and millions lost their home, but we're talking about the Federal Reserve. Please try to keep up and stay on topic.
Of course. As a 21+ year CFP, I'm well aware of that.You 2 mental giants realize that the Fed isnt controlled by the President right? They dont do the POTUS's bidding. So there's that.
It really is amazing how Pres Obama has never done anything wrong. The dude gets to blame everything bad on the last guy or the next guy but gets to take credit for everything good that happened during the same time period. I have to tip my hat to him.
xiden’s america …9.1 inflation, massive interest rate raise…xiden and dembots making americans poorer again
there were consequences, record low UE, and booming market.Did you think they would be no consequences for the economic incompetence of the Trump Administration, FuckBoi???? Did you think Trump could run the economy into the ground for four years and you wouldn't have to PAY for that.
There is no limit to the depths of right wing gullibility and stupidity.
