Quote:
Originally Posted by directfiesta
(Post 22350826)
First, trade wars are HIS doing .
Now, just imagine if he would have been handed over a recession ( nearly a depression ) , unemployment near 10% ( but as Vendzilla/Robbie stated, more in the 20 % ) , housing market collapse ( :) I took advantage of that ), 3 car manufacturer on the brink of bankruptcy , still 2 unfunded wars going on, etc .... Just imagine ... how much of a genius ( Stable one ? ) he would have needed to be .... :1orglaugh:1orglaugh
Meanwhile:
As GOP Campaigns on Tax Cuts, Federal Deficit Jumps 17% to Its Highest Level Since 2012
While GOP Campaigns on Tax Cuts, U.S. Deficit Jumps 17% | Fortune
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This Kinda helped Obama
US QE1, QE2, and QE3
Federal Reserve Holdings of Treasury Notes (blue) and Mortgage-Backed Securities (red)
The U.S. Federal Reserve System held between $700 billion and $800 billion of Treasury notes on its balance sheet before the recession. In late November 2008, the Federal Reserve started buying $600 billion in mortgage-backed securities.[60] By March 2009, it held $1.75 trillion of bank debt, mortgage-backed securities, and Treasury notes; this amount reached a peak of $2.1 trillion in June 2010. Further purchases were halted as the economy started to improve, but resumed in August 2010 when the Fed decided the economy was not growing robustly. After the halt in June, holdings started falling naturally as debt matured and were projected to fall to $1.7 trillion by 2012. The Fed's revised goal became to keep holdings at $2.054 trillion. To maintain that level, the Fed bought $30 billion in two- to ten-year Treasury notes every month.[61]
Skip to QE3
Purchases were halted on 29 October 2014[77] after accumulating $4.5 trillion in assets.[
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