CAA Flagship wrote: ↑Thu Feb 13, 2020 12:25 pm
UNI88 wrote: ↑Thu Feb 13, 2020 12:19 pm
They have answered but JSO and others are unable to understand that the economy is not some experiment in a petri dish. It's complicated and impacted by multiple variables that you cannot isolate or control for but still require consideration. The Fed's actions during the Obama Presidency were almost all favorable. Trump has been President for
just over 3 years and the Fed's actions have been mixed.
We could sit down over beers and I could give you my opinions on the impact and timing of Presidential actions on the economy but I'm not going to type up a JSO length manifesto here.
Just curious. On a 10 point scale, with 5 being neutral and 10 being favorable and 0 being unfavorable, what "favorability rating" would you give on Fed actions for the last 3 years?
I don't look at it in terms of "favorable" or "unfavorable". I think the Fed has done what it needed to do. Now the EFFECT of what it's done may be viewed as favorable or unfavorable (particularly by a president who like to tweet and strongarm). But it doesn't change the facts that, in addition to QE1, QE2 and QE3, Obama never had a rate increase until the last year of his presidency. Trump never had a decrease for the first 24 months of his presidency (and in fact had 7 rate INCREASES). So to compare the performance of one vs the other is comical in its absurdity.
For Klammy: I've never claimed to have "answers". But as I've said many times, given the differences in the underlying conditions each faced, its a goddamned miracle we are where we are, what with the belief that Trump is an economic midget and all. How he hasn't fucked this up beyond recognition defies explanation.
And yet instead, we see record after record falling. Stock market highs, unemployment lows, labor force participation highs, etc., etc. It's a Christmas miracle!
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