Quote:
Originally Posted by Vendzilla
workforce participation stopped going down, the unemployment rate has fallen from 4.8 to 4.1 under Trump. That's better
Food stamps is down to it's lowest since 2010, that's better
The stock market is up over 25%, unlike under Obama using quantitative easing , it's based on the forecast of the economy. That's better
Consumer confidence has reached a 16 year high That's better
And not much of what Trump has done has taken effect yet, this is people betting on the future. The last two times presidents did a tax cut, the economy boomed, both under JFK and Reagan, more people worked.
You say nothing has changed, maybe you should step outside and look around. Here in LA if you want to do a remodel on your house, you have to wait a year for someone to have the time and most that are doing it don't seem to have a contractors license.
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Fyi dec 2008 obama wasn't president. Bernanke who is an authority on the great depression started it and Obama being smart kept him.The president doesn't tell the Fed res what to do so you know.
Quantitative Easing 1 (QE1, December 2008 to March 2010)[edit]
"On November 25, 2008, the Federal Reserve announced that it would purchase up to $600 billion in agency mortgage-backed securities (MBS) and agency debt. However, these purchases were to have no impact on the balance sheet, and would have been sterilized by Treasury sales by the SOMA desk. On December 1, Chairman Bernanke provided further details in a speech. On December 16 the program was formally approved by the FOMC, however their approval was not required as the SOMA desk was already authorized to acquire Agency debt and MBS as part of their OMOs. On March 18, 2009, the FOMC announced that the program would be expanded by an additional $750 billion in purchases of agency MBS and agency debt and $300 billion in purchases of Treasury securities. These purchases would be unsterilized and this date more appropriately marks the beginning of QE in the US.