Businesses are sitting on a record amount of cash. They aren’t spending it because they don’t like to take risks. They want certainty. When the president can fire an executive and take over his company, GM, or decree against long standing law who will take a haircut, the lenders or the borrowers, then they won’t invest. They won’t hire. They won’t expand. They will sit back and wait for the rule of law to return. Once Trump shows he believes in laws instead of government by personality the companies will start investing and hiring. (Then, all the money that Obama loaded into the economy will cause inflation like we haven’t seen since Germany in the ‘20’s.)
Obama does not control the money supply.
Obama does not control the money supply.