Posted on 09/09/2016 4:04:26 PM PDT by Red Steel
"...Donald Trump told reporters Monday that the Federal Reserve is keeping interests rates at record lows to help President Obama and to keep the economy from going down.
"They’re keeping the rates artificially low so the economy doesn’t go down," Trump said in response to a question about a potential rate hike by the Federal Reserve this month. "So that Obama can say he did a good job. That's the only reason that the rates are so low. They're keeping the rates artificially low so that Obama can go out and play golf after January and say that he did a good job. But it is a very, a very false economy. So [Obama] can leave office and say: See I told you."
...
"So far, I think she's done a political job," he said about Fed chair Janet Yellen.
"At some point the rates are going to have to change," Trump added. ...
"... When rates are low like this it's hard not to have a good stock market," he also said.
(Excerpt) Read more at realclearpolitics.com ...
Let’s correct that: doesn’t go down while a Democrat is in office.
He’s right on - as shaky as the economy is it would be much worse if the Fed wasn’t keeping money available for easy loans on cars, houses, furniture and anything else your little heart might desire - there’d be no Obama recovery at all if rates were anywhere near typical levels.....
Trump KNOWS they are lying in wait for him. He’s no dummy. He knows the Democrats will be pulling every dirty trick in the book to make him look like a doofus so they can push their agenda authoritatively once he’s elected President. He knows they will push so far as to even include impeachment if they can.
Under the direction of the Democrat Party the Democrat membership, the Media, and sympathetic like thinkers in leadership elsewhere in the Socialist World will come down on Trump as stink on doo doo. It’s going to be so ugly, and Trump will have a BIG fight on his hands to get anything done.
He’ll need loyal assistance, and we the people to keep things moving in the direction we want them to go while he fights off the leftist pestilence.
It’s nice to see a Republican candidate stating the truth instead of taking it in the rear from a lame duck Democrat pres.
(I’m talking about YOU, George W Bush.)
True, but also consider the Fed doesn’t act in isolation. Every central bank is doing it, which makes it hard for the Fed to act completely sane, even if it wanted to.
After 2009, I believe they drove rates down so the dodgy debt they bought wouldn’t default, and so real estate wouldn’t crash further. But then Japan and the ECB got into the act, first with ZIRP, and then with NIRP. That made it easy for the Fed to keep rates low.
Unfortunately, the US also went on a borrowing and wasting binge under Obama, and if rates go up, interest will become a big part of the budget (and deficit). Also, the dollar will zoom, hampering exports. It’s a real mess, and it’s gonna blow someday.
Have you no mercy!? I just ate dinner.
And when Trump gets in office they are going to lower the boom. And he will take the fall.
absolutely correct. The doubling of the debt under Obama has greatly narrowed the US’options in dealing with the economy. If rates go up to normal, the interest on the doubled debt will crush us. The rates will not go up to normal while a Dem is president. OTOH, if Trump wins, the Fed will raise the rates to hurt the economy.
And why Trump’s betting he can super charge the economy to counter FED action, and I bet he can.
“He’ll need loyal assistance, and we the people to keep things moving in the direction we want them to go while he fights off the leftist pestilence.”
Exactly.
All we need do is invite any fat, bed-wetting leftists into a dark parking lot with no witnesses around, and they will run away. Guaranteed.
It’s refreshing to hear the truth from a candidate. Hasn’t been done since Reagan!
Obama keeps Yellen in a duffle bag and only lets her out to read a statement
The Fed will wait until Trump is in office the raise the rate. The Nevertrumpers will use it to claim Trump was a terrible choice.
This is brilliant. Janet may raise this month as an angry reaction to Trump and crash the markets before election..and they will crash with rising rates
You could add two more back-stabbing, pricks to that collage: Cruz and Ryan.
Even after it became apparent that Cruz was a nasty piece of work I wanted him to win. But the back stabbing . . .
Trump was out of line with the stuff about his father, but Cruz could have shown some class and declined to speak at the convention.
They will raise the rates on the day before Trump is inaugurated.
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