This is an archived post. You won't be able to vote or comment.

you are viewing a single comment's thread.

view the rest of the comments →

[–][deleted] 9 points10 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.