- Feb 22, 2017
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You know that raised is the OPPOSITE of lowering, which they did to prop up the Obama economy, right?
and you know even with the raises, before the last drop, they were still at historically low levels, right?
Um, no because the historic low rates were under Obama
and they continued with Trump despite the tiny raises from the Fed.
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You see the flat line almost at 0% during the Obama years, right? They were a few basis points! Highest ever was probably 40bps! As soon as Trump was sworn in they started raising rates up to 2.25% That's a HUGE Increase! Costing us tens of billions annually, that's the whole HUD budget!
They started raising it in 2016, not after Trump won. Also, again looking back at history the rose it pretty slowly compared to the past. If we really had the "best economy ever" as we are told almost daily by your god in the White House those raises would not have been a problem. But they were, because Trump's economy is only slightly better than the Obama economy that he inherited.
Now we have Trump begging for negative interest rates...how do you feel about that?