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Old 06-22-2018, 07:10 PM
 
Location: Alameda, CA
7,605 posts, read 4,842,742 times
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Quote:
Originally Posted by InformedConsent View Post
Incorrect, which is why the Federal Reserve had to step in and create $2 trillion worth QE to buy GSE MBS they didn't hold prior to 2009.
None of the $2 trillion went to the GSEs. The MBS had already been sold by the GSEs. The GSEs did not need $2 trillion. Over 4 years they received around $200 billion, which is all they needed to remain viable.
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Old 06-22-2018, 07:17 PM
 
Location: Alaska
7,498 posts, read 5,745,535 times
Reputation: 4877
Quote:
Originally Posted by bawac34618 View Post
Let's refrain from blaming any politician at first. Let's talk about the current state of the economy. The media on both sides have generally pushed the narrative that it's booming in recent years. However, is that really the case? First and foremost, the only thing that has really boomed since the beginning of 2017 is the stock market. Everything else has continued humming along as it has since at least early in Obama's second term. We have nearly full unemplyoment but it doesn't feel like it. Wages are not rising like they should if the unemployment rate really was as low as the official number. This isn't a '90s economy. This is an '06 economy. It also doesn't feel like a 3% GDP economy. It feels more like 1-2%. I would say this economy is not bad per say but it's not as rosy as some would have you believe. I also think recession is coming sooner than people want to admit as well.

What are your thoughts on the current economy?
People have been told that Obama’s hand outs society was the new norm so when you actually have an economy that can sustain itself through jobs people think it’s abnormal.

Obama was a great manipulator and completely an utterly destroyed this country by dividing people along racial,economic, religious and class lines. If you think I’m wrong look at the country now.

Obama should be in prison and based on what’s coming out now, he just may.
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