DEMOCRATIC CANDIDATES SAY OBAMA IS THE REASON THE ECONOMY IS SO GOOD

BULL CRAP! Remember “quantitative easing”? During the Obama Administration, the Fed, in effect, printed trillions of dollars to put into the economy. And the Fed’s balance sheet of loans ballooned to over $4 trillion dollars. Of course, once Trump became President the Fed “reversed” and began the process of reducing the loans on its balance sheets. In effect it was taking money out of the economy to do this. So Obama had the “wind” of trillions of dollars at his economic back. When Trump assumed office, THEY decided to turn those winds into a HEADWIND to retard his economy.

During the ENTIRE EIGHT YEARS of the presidency of Obama, the Fed kept the prime rate in a range of 3.25% - 3.64%. It was Cheap Money Street for Obama. Once Trump was elected and took office, THEY decided to steadily increase the prime rate to where it is today (5.5%). So Trump has not has the benefit of lowest possible interest rates that Obama had.

So even though THEY are doing nothing to help Trump he’s making tremendous economic progress the old-fashion way — he is himself clearing the path in front of private enterprise of obstacles and impediments. AND IT’S WORKING — no thanks to THEM.

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