Oh. Quantitative easing. The fed lowering the interest rate and increasing the amount of money in circulation so as to try to get the economy going after the recession of '08.
Do you think that was a bad idea?
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Do you think that was a bad idea?
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And never stopped. Even after it became obvious that continuing served no purpose.
That is a loaded question, short answer, a little but it went on way to long to make OBAMA look good or at least better..
If the purpose of Quantitative Easing was really to make Obama look good, then it served little purpose. If it really did kick start the economy, that's another matter.
Well its clear it kick started nothing.
But it did make some wall Streeter way more wealthy.
Your a smart guy.. You understand that this went on way to long, the markets had they stopped pumping money in would have lost value for a short term IMO. But then the markets in the short term are never rational, Now in the long term they almost always get it right. With Obama's policy's in place and keeping growth down (IMO) had he cut QE and raised interest rates it would have made him look bad, not for long though the markets would have bounced back. But they were scarred. The markets loved it, but hated Obama's policy's. Bottom line none of it was real and the markets and anyone with common sense knew it.
One other thing, it did very little to kick star the economy.. The Markets and the banks.. well that's another story.
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because unemployment and consumer confidence are the same now as they were in 2008, and the soaring stock market didn't benefit anyone but the wealthy Wall Streeter..oh wait: I'm not a Wall Streeter, and my IRA is going up.
I too have done very well in the markets.. BUT.. what did it cost ? it's not a loaded question. How much did it cost, how much of tax payer dollars were spent?
Your IRA went up as it would have done regardless. The .01% went up meteorically. History shows recoveries occur regardless of what gov't does. FDR & BO and a few others around the world and over time (Japan most recently) poured money and extended the down.
A trillion a year. With a "T".
LOL.. I know I know..
A trillion dollars a year.. I'm still smiling over that one.. because that was my same thought. and you seemed exited or pissed I can't tell from here..
How much was spent, how much will be recovered through increase in the tax base, I'm not sure.
a lot of money, about the cost to the war in Iraq.
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I'm not pleased. But turns out the investment in BO paid super divudends.
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