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#3 Trump has not picked QE Trickle Down pushers like Obama did. Other than that, what specific actions would you have Trump take up to have addressed the inflated stock market that he inherited - please don't go off on tangents again to divert.
#4 True or False, QE is a variation of Trickle Down economics, and all of Obama's Fed picks were for QE?
lol just lol @ lefties blaming Trump for a GLOBAL dip in the markets, ridiculous.
"A market selloff that was sparked last week and accelerated on Monday hit the US and has sent ripples across global markets. Stocks in Europe and Asia subsequently tumbled." https://www.vox.com/policy-and-polit...et-crash-today
The global dip in the markets was started by Americas stock market.
Nazis WERE socialists...where the EFF do you think the term comes from? National Socialism.
No they weren't they were fascists. There is a difference between calling yourself a socialist and being one.
Socialism is an economic and social theory advocating for social ownership, and democratic control of the means of production Strong governmental involvement in production and redistribution of goods and wealth
A fascist government is supreme, and all institutions must conform to the willing of the ruling authority. Opposition is not tolerated and the goal of a fascist country is to rule the world and spread the ideology
Isn't funny how Bush and Obama are like conjoined twins on so many issues! Patriot act, creating power vacuums in the Muslim world, debt, trickle down economics, drones, new military bases, more countries bombed, bailouts, deceptive budgeting tactics, etc...
Bernanke didn't start QE Trickle Down economics until Obama won in 2008 and he met with him. Obvious reason was that Obama got to pick the new Fed chief in a couple months and wanted Obama's approval. Thus WE started in November of 2008.
Obama then made every Fed pick for a QE pusher.
Obama owns QE more than Bush. Obama let it happen, Bush had words.
Isn't funny how Bush and Obama are like conjoined twins on so many issues! Patriot act, creating power vacuums in the Muslim world, debt, trickle down economics, drones, new military bases, more countries bombed, bailouts, deceptive budgeting tactics, etc...
Bernanke didn't start QE Trickle Down economics until Obama won in 2008 and he met with him. Obvious reason was that Obama got to pick the new Fed chief in a couple months and wanted Obama's approval. Thus WE started in November of 2008.
Obama then made every Fed pick for a QE pusher.
Obama owns QE more than Bush. Obama let it happen, Bush had words.
I agree Bush-Obama were bad.
Its not like Obama had wiggle room. Bush never put the war debt on the books and the market crashed right before he took office.
Honestly every President is tied to the last one in some shape or form. Trump not so much because he is basically undoing everything Obama had in place. We shall see if it works.
It is very interesting to me when people think they could have done a better job than Bernanke,
This is a very human tendency - to criticize, but if and when the opportunity ever arose for one to be in such a position, what would they do? This started early in our history. Thomas Jefferson ran for POTUS (he was VP under GW) on a platform of smaller government, no government involvement in banking and no expansionism. He and other also didn't support a standing or large military.
And so be became POTUS and the bank was established...and we fought wars - and we made one of the biggest expansions in history (LA Purchase) and so on.
I think Bernanke and Obama (especially when the GOP Congress tripped them up) did a decent job of pulling us slowly out of the Recession. It was/is working...until now (the tax cut). If we did the right things now with health care and with working toward balancing the budget, we'd truly come out of the Recession. But a new party is in town and they like to party.....or at least they like to party with the 1% and large corporations.
So now we can look forward to starting to pay down the debt "in decades" - yes, that is what they said.
Things change and actions can only be looked at in relation to whether someone else would have done better or worse. Our system of government has a big problem in that it does not do many long term programs....by all rights, the recent tax bills should have been illegal (against the law). Congress should have made certain that the debt and deficit could not be increased at a whim just to give away free money until we got to a surplus. But, hey, free money seems to be popular with many of you - even tho it comes out of your children's and grandchildren's pockets.
Bernanke didn't start QE Trickle Down economics until Obama won in 2008 and he met with him. Obvious reason was that Obama got to pick the new Fed chief in a couple months and wanted Obama's approval. Thus WE started in November of 2008.
QE was started by the Fed chairman GW Bush appointed, and QE started while Bush was in office.
Its not like Obama had wiggle room. Bush never put the war debt on the books and the market crashed right before he took office.
Honestly every President is tied to the last one in some shape or form. Trump not so much because he is basically undoing everything Obama had in place. We shall see if it works.
What a joke.
Obama blasts Bush for deceiving America with off budget expenses and then does more off budget expenses than Bush...Obama on this and many other issues out-Bushed Bush and now it is Obama's fault he did it too. Unreal.
Even more absurd, you claim that Trump isn't tied to Obama as if he didn't inherit a stock market that was overvalued in day one based on historic P/E ratios.
-Obama renewed the Patriot Act and increased spying powers in other ways.
-Obama bombed twice as many Muslim countries as Bush.
-Obama also helped create Muslim world power vacuums - Libya, Syria, etc...
-Obama decreased military spending due to winding down Iraq, Obama increased spending on military in non-combat roles, and broke pledges on nuclear arsenal spending by increasing it.
-Obama tried to implement a regressive social security tax break whereby all get a social security tax break and then the gap is made up for it by increased costs on Fannie and Freddie loans.
-Obama continued Bush's bailouts and TARP
-Bernanke only started QE Trickle Down economics AFTER Obama won, met with Obama, got approval, and then Obama quickly renominated him to continue the largest Trickle Down policy in US history.
Obama had more trickle down than Reagan. Obama made every single Fed pick to a Trickle Down supporter.
Sheep: I hate Bush
Common Sense: Obama did a lot of those same policies and often to even bigger degrees
Sheep: But but Bush did it first so I can ignore Obama doing it!
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