So, Trump was afraid to end things that had become a normal?
Obama 8 years 0 recession!
- Thread starter Jarod
- Start date
So, Trump was afraid to end things that had become a normal?
He knew it would crash the markets. Doesn't make it right but it was the mess he was left with.
6 years of QE, and it started before Obama came to office. It ended more than two years before he left office.
Was it needed? Inflation was going negative, and interest rates were at zero. There were very few other solutions to get inflation up.
Now the trump QE does seem more needless. There was no signs of deflation, and we now know inflation was right around the corner.
So it took Biden to have the balls to fix it.