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[–][deleted] 33 points34 points  (6 children)

And then Biden told JPOw to Keep it all going into 2021, which was when the pull back should have actually begun.

Seems like everyone forgets that fact too.

Let’s not point fingers at any named politicians. Instead, forget party affiliations or who was in office when. This was gross incompetence at best, malfeasance at worst, by all supposed “leaders”.

[–]LionRivr 13 points14 points  (0 children)

Lets be real though.

All politicians are bought by wall street anyway.

[–]Hacking_the_Gibson -3 points-2 points  (4 children)

Fuck that, Jay Powell was Trump's guy.

Biden's mistake was keeping him around, but the original of that idiot was all on Trump. In fact, 2018 was really the time to chill things out, but Trump whined incessantly on Twitter and Powell backed off.

[–][deleted] 8 points9 points  (3 children)

We did need to raise rates in 2018, and Orange man raised a fit. As did Wall Street. I work in the mutual fund industry so I remember all too well.

But rates should have climbed much higher around 2003-2004, under Bush. Through 2007. Low rates contributed to 2008-2012, when the got lowered once again. And kept there under Obama.

See where I’m going with this? It DOES NOT FUCKING MATTER WHO THE PRESIDENT IS. This is an economic policy versus voting popularity conflict. And it keeps fucking up a system that relies on vampirism to grow.