IcebergSlim
Diamond Member
- Oct 11, 2013
- 10,886
- 9,142
I'm not these people are!Bush would have LOVED a recession-free, steady growth record like that.
Under Obama job growth was four times of what BOTH Bushes combined managed to get.
Again how did Obama accomplish this?
Only in the idiotic world of liberal fantasy a anti business president could do it.
.
I don't think that is the question..
Why did this "anti-business" Usurper manage to do FAR better than two putatively "pro-bidness" POTUS?
Not only job creation, but also Equity Markets' performance...
You wanna see some truly gruesome numbers?
Obviously YOU NEVER heard of Quantitative Easing did you?
The Fed’s $3.5T QE purchases have generated almost half a trillion dollars for the US Treasury since 2009
View attachment 124141
The Fed's $3.5T QE purchases have generated almost half a trillion dollars for the US Treasury since 2009 • AEI
WHO is going to pay the $3 T in borrowings???
Health,
You cannot participate in a discussion of the need for, and results, of Quantitative Easing......you have no idea why it was done, what it hoped to achieve, and how it will be unwound....
That established, let me ask you.....
Are you suggesting that the record bull market under Obama was entirely the result of Federal Reserve Policy?
Plus where are your links supporting your position???
Don’t Credit Obama with the Stock Boom, Credit the Fed and the International Economy
Stocks are booming, with the S&P and the Dow each near record highs. Does President Obama deserve the credit? The answer is: yes, but only some of it.
So who else is responsible for the market boom?
I’d give the Federal Reserve about 35-40 percent of the credit. Here’s why. The Fed, along with the Bush and Obama administrations, was an important actor in the bailouts. We tend to focus on TARP when looking back at the financial crises, but other, more obscure and underreported actions—the Fed’s guarantee of the commercial paper market, the Treasury’s guarantee of money-market funds, and the bailout of AIG—were just as important. Many of those were led by the Fed. And for the last several years, the Fed has attempted to goose the economy by keeping overnight interest rates at zero, and by purchasing bonds and mortgage-backed securities to push long-term rates down. These efforts at quantitative easing have helped stock markets in several intended and unintended ways
Don’t Credit Obama with the Stock Boom, Credit the Fed and the International Economy
Daniel Gross
11.13.13 2:20 PM ET
Do you think you might be one of the stupidest humans alive?
Then it goes on to reveal that this is an interview with Art Laffer, the architect of the Kansas Miracle........
furthermore, the article actually DOES give Obama credit....which you might have known had you actually read the whole thing...
The historical rule tends to hold that presidents get credit for bad things that happen on their watch and for the good things that happen on their watch. But in the case of the stock market, I’d give Obama only a small percentage of the credit for the market boom— say 15 to 20 percent. The most important thing the Obama administration did for the economy—and for the markets—was to reverse the free fall of late 2008 and early 2009, stop the panic, and create the conditions for growth. The administration’s implementation and management of TARP and the auto and financial sector rescues, which began under the prior administration, were vital—and largely effective.
The stimulus passed in 2009, even though it was too small, added meaningfully to economic growth in 2009 and 2010. The economy began to expand in 2009. And even though it has been jolted and threatened by political actions—by Republican brinksmanship, by Obama’s inability to forestall crises, and by needless austerity—the U.S. economy has chugged along in low gear, adding more than 7 million jobs since early 2010. That’s not bad, but it’s not the kind of underlying growth that should lead the stock market to boom as it has.