Quote:
Originally Posted by einbert
Obama accomplished all the outlandish economic goals Mitt Romney promised when he was running for President in 2012. Very low unemployment, steady growth, and a solid recovery overall. But since Democrats can never get credit for anything, the right wing has decided the numbers are fake, BLS is in the tank for Obama, and the truth is unemployment is north of 25%. It's just another way of delegitimizing the Democratic party.
Read what I wrote above.
Republicans can say what they want and democrats can say what they want about numbers. But the real number that matters that shows how horrible the economy really is is the fact that the Fed CAN'T even raise interest rates a minuscule 1/4th of 1 single point.
We are in the biggest bubble in human history. Sure things might SEEM alright, but when the monetary heroin stops and this bubble pops it will be absolute mayhem. You can't have interest rates suppressed at 0% for almost a decade and not have it end in economic disaster.
Heck, Obama and company have done the same thing as Bush except on a bigger level than Bush. Bush blew up a big bubble with 1% interest rate, and its popping resulted in 2008 crisis, and Obama is blowing it up even bigger than Bush with 0% interest rates and the resulting fallout will be much worse than 2008 crisis.