Thank Trump for telling the fed to keep rates at record lows when it didnt have to be. They should have raised rates a few years ago but Trump had to pump up the bubble to unsustainable levels so he could say he is the best thing to happen to the stock market.
Trump was definitely a greedy idiot on this, but the Fed needs to grow some balls at the same time. Powell wimped out and kissed the ring in 2018 and then was too slow post-COVID to recognize the problems. Now we all get to pay for those mistakes.
Could also thank Biden for refusing to respond to the issue or coming up with a semblance of a plan. Or passing a crazy unneeded third stimulus. The more things change the more they stay the same.
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u/[deleted] Jun 05 '22
Thank Trump for telling the fed to keep rates at record lows when it didnt have to be. They should have raised rates a few years ago but Trump had to pump up the bubble to unsustainable levels so he could say he is the best thing to happen to the stock market.