It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
His approval rating is more than 2X bushes when he left office.
Gas almost $5 per gallon!
originally posted by: Cancerwarrior
a reply to: kurthall
His approval rating is more than 2X bushes when he left office.
Yeah, that was not a very high bar for him to jump over there.
Gas almost $5 per gallon!
Thats weird, it was about 1.50 here in LA.
For every "good" accomplishment you list I bet I can name at least two bad ones.
originally posted by: kurthall
Let me say this once again!! When Obama took office...
Gas almost $5 per gallon!
Housing crisis in full swing( you know the one Trump said Obama caused LMAO)
Jobless rates at an all time high since the GREAT DEPRESSION!
Osama Bin Laden still at large
Millions uninsured
Man people, it looks to me like things are a hell of a lot better now, hmmmm,
Was Obama really THAT BAD?? Not perfect for sure, but come on people wake up!
His approval rating is more than 2X bushes when he left office.
So now Donald is going to undo what PROGRESS has been made!
Instead of taking what Obama was doing wrong and making it better, let's just **** it all up!!!!!!
Trump does not control the interest rate - the Fed does
originally posted by: CB328
The President appoints the head of the Fed who controls the interest rates- it's not that hard.
Yes, low rates have been good. They have enabled people to buy houses and cars which is what pulled us out of the great recession. Our economy is 70% consumer spending, so if you jack up rates and people spend less the economy will slow down.
Raising rates will redistribute money from working people to the banks. How could that possibly be a good thing?
Of course rates can't stay so low forever, but it needs to be done very slowly and in small increments to prevent another recession.
Yellen is quite possibly going to increase rates before Trump even takes office
originally posted by: CB328
The President appoints the head of the Fed who controls the interest rates- it's not that hard.
Yes, low rates have been good. They have enabled people to buy houses and cars which is what pulled us out of the great recession. Our economy is 70% consumer spending, so if you jack up rates and people spend less the economy will slow down.
Raising rates will redistribute money from working people to the banks. How could that possibly be a good thing?
Of course rates can't stay so low forever, but it needs to be done very slowly and in small increments to prevent another recession.
I don't know anyone that wants to give up their cash, do you? And Americans are too dumb and undisciplined to save anything anyways, that's why they voted for Trump because they think he will magically save them from being losers.
originally posted by: CB328
all the extra, valueless cash that has been pumped by all the qualitative easing
I don't know anyone that wants to give up their cash, do you? And Americans are too dumb and undisciplined to save anything anyways, that's why they voted for Trump because they think he will magically save them from being losers.
Paul A. Volcker, the Federal Reserve chairman, received an urgent warning two weeks after Ronald Reagan won the 1980 presidential election. Some of the president-elect’s advisers, he was told, wanted to abolish the central bank and replace it with a computer program that would manage interest rates and monetary policy.
Today, a Democratic Fed leader is once again bracing to see whether victorious and emboldened Republicans will try to overhaul the central bank.
In almost three years as the Fed’s chairwoman, Janet L. Yellen has led an aggressive campaign to stimulate economic growth. Donald J. Trump, the president-elect, has embraced criticism that the Fed is causing more problems than it is solving, and he has surrounded himself with advisers who would like to rein in the institution that has the greatest influence over the direction of the nation’s economy.
Mr. Trump can fill a majority of the Fed’s seven-member board with his own nominees over the next 18 months, including replacing Ms. Yellen in February 2018. He also could work with Congress on new constraints, including some form of an old idea on the right that a formula should dictate the Fed’s movements of interest rates.
www.nytimes.com...
Mr. Trump can fill a majority of the Fed’s seven-member board with his own nominees over the next 18 months, including replacing Ms. Yellen