8 Feb 2018 2:00 pm
Let's apply a common sense test to those who stupidly claim that the Obama economy was great.
Why did liberals claim that slow growth was the "new normal?"
Uhhhh, babble liberals.
Why did liberals claim that slow growth was the "new normal?"
Uhhhh, babble liberals.
Obamanomics Is Dead and Trump Killed It
By Brandon J. Weichert
.....During the Obama years, we were told by former President Obama to accept the “new normal” of barely two percent growth rates and chronically high unemployment. For the entirety of the Obama Administration, the economy sputtered along with anemic growth such that the Federal Reserve had to artificially induce economic activity through loose monetary policy. The Fed kept interest rates low, allowed for unmanageable levels of borrowing, and kept printing money. This accounts for how the stock market soared during the Obama years in spite of wages being low, unemployment being high, and overall growth lagging. The eight years of Obamanomics benefited a handful of investors and harmed everyone else....
Whenever a White House engages in a strong fiscal policy of the sort that the Trump Administration has implemented, the Fed has to step in and raise interest rates.
Why?
Because the Fed is signaling that the fundamentals of the economy are very strong, and there is no longer any need to continue irresponsibly printing money or allowing for unfettered borrowing.
https://amgreatness.com/2018/02/07/obam ... mp-killed/