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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (1085657)	8/29/2018 6:20:23 PM
From: PKRBKR	1 Recommendation Recommended By RetiredNow Read Replies (1) \| Respond to of 1576250

* Education costs rose as a direct result of Obama's disintermediation of the college loan industry by going to direct government guarantees, which destroyed the free market in interest rates and acted as gasoline on a fire for the educational loan market, driving up the ability of universities to raise prices, given massive loan capability through gov't loan guarantees. * Health care cost increases were a direct result of Socialism in the form of Obamacare, which was mathematically not viable from the moment of the birth of the bill. Give students easy access to government backed loans sounds like a great idea. This has been going on long before Obama. The unintended consequences are devastating. I'm lucky my kids are done but we were caught up in the spiral and it cost me a number of years of retirement. It keeps getting worse. I'm not certain how to unwind this mess. I would love to see a graph from post WWII showing cost of healthcare versus year and compared to inflation. I'm too lazy to find it but I'm sure it spiked after government mandated healthcare came on board in the 60's. Obamacare just increased the slope of the line a bit.

To: RetiredNow who wrote (1085657)	8/30/2018 3:42:17 PM
From: zzpat	1 Recommendation Recommended By sylvester80 Read Replies (2) \| Respond to of 1576250

The government did not print $4 trillion of new money so everything you wrote is based on a misunderstanding of what really happened. You may recall that republicans (at the time) all argued that QE would cause massive inflation. Needless to say they had no idea what they were talking about (as it is with every other issue). There was a zero chance of QE creating inflation because there wasn't any new money created. Faced with the fact that your party was 100% wrong you're forced to find other excuses. Fine, have at it.