Quote:
Originally Posted by Bladewire
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From Seeking Alpha - "The major thrust of economic policy during the Obama Administration was the belief that the monetary policy of the Federal Reserve would pump up the stock market creating a wealth effect that would drive consumer spending which would spur the economy on to more rapid growth.
The Federal Reserve engaged in three rounds of quantitative easing during the Obama reign and this resulted in the stock market hitting new historic highs creating a wealth effect that produced more consumer spending, but the rapid economic growth never materialized."
https://seekingalpha.com/article/404...cy-trumps-time
In other words, QE (printing money we don't have and causing massive debt) was what caused the stock market to go up during Obama.