SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Mongo2116 who wrote (1050184)1/23/2018 4:50:42 PM
From: RetiredNow1 Recommendation

Recommended By
Tenchusatsu

  Read Replies (2) of 1574000
 
Well, it wasn't what Obama did, first of all. The market would have recovered with or without all the interventions. But we don't have a free market anymore. We have a tightly controlled market, which is why it is so dysfunctional. What conventional wisdom claims did the trick was a profligate amount of debt spending, $2.5 trillion in QE, and zero percent interest rates for many years. Really, what all that did was build up massive excesses in financial assets, without addressing the underlying problems in our economy and in our ability to prosecute the banksters and systemic fraud that occurred in the Financial Crisis.

What did Obama do? He signed the bills and went along for the ride. Congress and the Fed did the heavy lifting, as they always do. I just wish they were smart enough to do heavy lifting to help the American people, but instead most of the time they just push bags of shit from one corner to another and claim that to be progress.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News