The author said January of 2008. He meant 2009.
I saw a clip of Obama patting himself on the back for the ‘greatest economy in 40 years.’
I took it as a direct shot to Clinton on the economy: Hands off my legacy.
Clinton had been campaigning on how bad the economy is and refering to how great the economy was under BJ.
It is difficult for her to run against the Obama economy and seem plausiable, because she was a part of the Obama administration for 4 of its 8 years.
“First of all, the US economy is not in great shape. If it was the Fed would be raising interest rates. Because the economy is not in great shape the Fed has again decided to delay raising rates. Obama will probably not raise interest rates through the end of his term with some estimates that the US will be in a recession by August.”
Actually, though it would be yet another bitter pill for the nation to swallow, going into a good old-fashioned recession in August might be the “cheapest way” out of our economic dilemma, because it would insure the election of Donald Trump.