Economists agree: Trump, not Obama, gets credit for economy

Thing1 said:
You realize that you just moved the goalposts, right?
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Yep, you got me thing... not every single dollar was due to the stimulus. Good job buddy.

But the stimulus of QE1-4 did indeed cause the majority of that. Forcing interest rates to remain low. Trapping us in this low interest rate environment, because Obama was weak on this issue (common for him on most issues). He refused to take any short term pain for the long term benefit of the country. Stimulus was needed to a degree in 2009, but his use of it beyond that was horrid. Add in his regulatory environment and you got one of the worst recoveries in our history.
 
Superfreak said:
Yep, you got me thing... not every single dollar was due to the stimulus. Good job buddy.

But the stimulus of QE1-4 did indeed cause the majority of that. Forcing interest rates to remain low. Trapping us in this low interest rate environment, because Obama was weak on this issue (common for him on most issues). He refused to take any short term pain for the long term benefit of the country. Stimulus was needed to a degree in 2009, but his use of it beyond that was horrid. Add in his regulatory environment and you got one of the worst recoveries in our history.
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Can you show me where I claimed the bolded?
 
Superfreak said:
Yep, you got me thing... not every single dollar was due to the stimulus. Good job buddy.

But the stimulus of QE1-4 did indeed cause the majority of that. Forcing interest rates to remain low. Trapping us in this low interest rate environment, because Obama was weak on this issue (common for him on most issues). He refused to take any short term pain for the long term benefit of the country. Stimulus was needed to a degree in 2009, but his use of it beyond that was horrid. Add in his regulatory environment and you got one of the worst recoveries in our history.
Click to expand...

Yeah just look how well austerity did in europe. Booming economies there.
 
2Kewl4Skool said:
Yeah just look how well austerity did in europe. Booming economies there.
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You understand of course that when you continually run up your debt, it becomes increasingly harder to try to pay down that debt and still pay for the things the government should be providing? So you get governments playing the game of low interest rates to try to ever juice their economies. Then they get stuck with low interest rates and mountains of debt.

https://www.weforum.org/agenda/2017/10/this-is-how-much-debt-your-country-has-per-person/
 
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