The interest rate is being kept at zero because otherwise the world economy will collapse and it will be Obama’s to deal with. Eventually, the economy will collapse anyway, but the objective is to make the comparative good times last until Obama is out of office.
When the economy collapses the blame will fall on the Republicans.
Well, everything else does, so why not this when it happens.
When you consider the rapid, dizzying changes of the internet-free 50s, 60s, and 70s, it’s amazing that Obama has been allowed, even helped to effectively put time and the markets to sleep in order to preserve some shred of positivity about his presidency. Of course, none of it would be possible without the media, whose own investment in their pet president has stiffed horribly.
And that’s why the Republicans aren’t all that interested in winning elections.
I’ve been saying this for years.
Banks must be laughing.
They get their money at super-low interest, but still get to charge borrowers several percent. Pure profit, what a deal!!
No wonder the politicians are being pressured to keep interest rates low. Meanwhile, everybody with a retirement account that was depending on interest to pay for that retirement is bleeding.
Exactly, zero interest rates are but another example of how the regime rigs the game to protect the child in the White House. Forget the long term harm that the current monetary policies pose, so lot as the child is made to look good.