Conservatives loudly claimed the reason for Obama's strong numbers was low fed rates. Now Trump wants to ELIMINATE INTEREST completely...?
..just to prop up his 3 percent growth. Isn't that a bad idea considering these are exactly the dumb ways we caused our last THREE crashes and recessions?
Lol I can tell you exactly which was it was too, chiefly "u-bin-called".
- marsel_duchampLv 77 months agoFavorite Answer
Low? He wants negative rates. Low rates, even zero, make sense to help an economy recover. It makes no sense when the economy supposedly the best ever.
High deficit spending makes sense to help an economy recover. It makes no sense when the economy supposedly the best ever.
- JeffreyLv 77 months ago
What strong numbers? He had one of the worst records for economic growth. Low interest rates makes it easier for businesses and people to borrow money and that helps the economy.
- dominickLv 57 months ago
Obama never had strong numbers the only reason things were muddling along is because of the low rates.
- EdWinterLv 77 months ago
EssJay, that community college "degree" in economics isn't what they told you it was. Just sayin', son.
Now in fairness to His Worship, King Barry the Great, a total disaster was inherited by His first administration and He was severely constrained in what He could do to help the economy.
Now also in total fairness to His Worship, He treated the Evil Corporations as though their job was to hire as many people as possible to help get the country back on track (and to help Him get reelected - but that's a story for another day, son).
For some strange reason, and despite the incredible brilliance bestowed upon Him by the Lord, when those Evil Corporate Chieftans patiently explained to Him that without people willing to buy more of their products, it made no sense for them to go on a hiring spree...He proved to be incapable of getting it. (Probably the community organizer in him (read: shakedown artist)...but still).
When someone such as yourself can get something so easily understood, it makes one wonder about His Worship's failure to grasp such basic functional reality, doesn't it, EssJay.
Tell us, son, in your own words if possible: what was it again, EXACTLY, that made Him...The One?
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- 7 months ago
and you don't think Obama's 10 TRILLION dollars of debt had anything to do with that
- bilLv 77 months ago
Obama had the weakest economy since FDR. Conservatives MOCKED the Obama 'economy.' And used the term great recession....Liberals who LOVE bad economic times claimed an Obama 'miracle.'Source(s): And his 'vice' can easily take down the economy of the planet the same way ~ ' Obama's strong numbers' ha ha ha you must be from a 'smokin' medical ganja state of 'mind.' The economy did not recover until the Hillary defeat day. Even with the Democrat RINO fed holding rates at the emergency UNDER 1 % for the entire Obama/Biden disaster.
- BearLv 57 months ago
Rates are dropping all over the world. An economic downturn is near. Rates will go to zero eventually and more QE initiated
- Anonymous7 months ago
Listen, when you have his record of success maybe you should listen to him.
Trump got conservative judge Neil Gorsuch and Brett Kavanaugh on the Supreme Court.
The stock market is at an all-time high.
Consumer confidence is at an all-time high.
He created millions of jobs by undoing Obama’s regulations.
Mortgage applications for new homes is at a 7 year high.
Unemployment rate is at a 50 year low.
Signed the promoting women in entrepreneurship act.
Gutted over 800 Obama era regulations thus freeing up companies to hire again and get the economy moving once again.
Ended the war on coal and caused a new mine for coal mining to open that will mine clean coal. He also put the miners back to work.