Wake up call... Wrote:
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> ChrisTT Wrote:
> --------------------------------------------------
> -----
> > Simple question to ask idiot liberals...if
> Obama's economy
> > was so good, why did the Fed not raise rates but
> once during
> > Obama's presidency, at the very end?
>
> Simply asking the question is an admission of
> nearly unimaginable stupidity. Had you been even
> marginally intelligent, you would have noted that
> (thanks in significant part to an obstructionist
> GOP), the economy did not get up enough steam to
> make it back to pre-crisis benchmarks until
> 2015-16. It was that gathering positive momentum
> that was handed over to Trump. And that he will
> likely sooner or later lose.
>
> > And why has the Fed raised rates like four
> times
> > during Trump's presidency in just two years?
>
> Whether they raise rates or not, the Fed explains
> itself in detail every six weeks or so.
> Obviously, you have missed many dozens of these
> briefings over the years.
>
> > I know the left lacks a basic understanding of
> > economics in a capitalist system, as
> demonstrated
> > almost every day by AOC, Bernie, etc. But...
>
> LOL!!! Capitalism is a failed construct. It died
> everywhere in the early 20th century. Everyone
> just tossed in the towel and moved on to something
> else. Some moved left. Some moved right. Nobody
> stayed where they were. Laissez-faire free-market
> capitalism simply doesn't work. All that does
> work and has in the modern world is 'managed
> capitalism' -- what confused dummies often refer
> to as 'socialism'.
>
> [Keep in mind that traffic lights are a form of
> socialism.]
>
> > You would think if Obama had the economy
> humming
> > along they would have raised rates once in his
> > first 7.9 years, right?
>
> Wrong. By mid-2007, the GOP had so badly screwed
> things up that collapse was inevitable and a very
> long recovery was the best that could be hoped
> for. Especially given that the villains actively
> opposed recovery at every step along the way, this
> due to shameful beliefs that a bad economy would
> help them at the polls. Party before country has
> been a GOP mainstay for quite a long time.
>
> > I forgot, that pesky recession that officially
> > ended in June 2009...
>
> The end of a recession comes at the point when
> things finally stop getting worse. It does not
> mean that things are all better again. Just
> another thing that you were too stupid to realize.
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