Oldstyle, post: 22611713
Gee, Not Fooled...how do you think Barry's economy would have fared if the Fed hadn't given him near 0% interest rates for most of his two terms in office? Now contrast THAT with the 8 rate increases that Trump has had to absorb since he was elected!
The Fed did what it is supposed to do when dealing with a recession.
Did TrumpO come into office during the worst recession since the Great Depression? No, that was Obama.
TrumpO followed over six years of steady economic growth when he took office.
TrumpO had to know that the Fed needs to raise rates when the economy is growing with low unemployment.
Didn’t he? Or is he stupid about what he the Fed does?
When TrumpO said his tax cuts would produce 4% - 6% GDP thus putting Obama’s economy to shame, he must have known the Fed was doing their quantitative tightening,
TrumpO never qualified in his forecasts time that his promised tax cut economic growth boom required the Fed to cut rates during a period of growth, low unemployment and low inflation.
But never mind all that. Could you please explain why TrumpO’s 2.9% GDP full year is so much better growth than Obama’s 2.9% GDP full year.
How can that be?
I’d really like to get an explanation,