Not the same at all like Covid. The difference between then and now is our recession was caused by reduced spending due to Covid and closed ports, again due to Covid.
Our current situation is caused by idiotic foreign and international trade policy. No amount of reduced rates will cause foreign entities to spend more. Covid was reduced domestic spending. Now is reduced international spending.
no Im talking about him bitching to the fed for a few years before such that rates were already lower than they should be going into it. Rates at the end of obama was going up and his bully pulpit is the reason the fed slowed and started dropping them despite the economy being hot as hell at that point.
this is exactly like his first term. I mean this one thing. Everything else has been much worse but this is how he got rates low before covid hit.
Not the same at all like Covid. The difference between then and now is our recession was caused by reduced spending due to Covid and closed ports, again due to Covid.
Our current situation is caused by idiotic foreign and international trade policy. No amount of reduced rates will cause foreign entities to spend more. Covid was reduced domestic spending. Now is reduced international spending.
no Im talking about him bitching to the fed for a few years before such that rates were already lower than they should be going into it. Rates at the end of obama was going up and his bully pulpit is the reason the fed slowed and started dropping them despite the economy being hot as hell at that point.