header pic

Area51 Board (non-moderated) at College Football Fan Site, CFB51!!!

The 'Old' Scout-Tennessee a51 Crowd- Enjoy ROWDY discussion covering politics, religion, current events, and all things under the sun

Anyone is welcomed and encouraged to join our FREE site and to take part in our community- a community with you- the user, the fan, -and the person- will be protected from intrusive actions and with a clean place to interact.


Author

Topic: So ya think Cohen might roll-over on Trump tomorrow?

 (Read 1535 times)

Cincydawg

  • Ombudsman for the Secret Order of the Odd Fellows
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 35353
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #42 on: February 27, 2019, 05:19:55 PM »
As I said, a lot of the things that happen - good or bad - are not because of something a President did, or failed to do.  Some are of course, but I think it prudent to link them to an action.

The impact of the Fed on the recovery is something that is very clear and very significant.

mcwterps1

  • All Star
  • ******
  • Posts: 3152
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #43 on: February 27, 2019, 05:21:40 PM »
If you agree with my post that the Fed gets most of the credit for the recovery, then citing figures attributable to Obama makes no sense to me.
I agree with everything BUT that.
The fed did NOTHING.

That was for the percentages people.

mcwterps1

  • All Star
  • ******
  • Posts: 3152
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #44 on: February 27, 2019, 05:23:04 PM »
He did it with 'food stamps', 'Obama Phones' and Obamacare.
Who needs jobs when everything's free............FORWARD
Wow. 
Congrats.

Cincydawg

  • Ombudsman for the Secret Order of the Odd Fellows
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 35353
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #45 on: February 27, 2019, 05:24:13 PM »
By "the Fed", I mean the Federal Reserve Board, to be clear.  Are you saying you think the FRB did "NOTHING" to prompt the recovery?

I can cite two very very critical things the Fed did, and you can see the instant impact of remarks by Powell on the stock market today about what the Fed is leaning to doing.

The Fed is HUGELY important.

Cincydawg

  • Ombudsman for the Secret Order of the Odd Fellows
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 35353
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #46 on: February 27, 2019, 05:26:08 PM »
While I can cite things the Fed did to spur the economy, I run in to difficulty citing things Obama did.  He did leave the Trump tax cuts in place, until 2013 when the top rate was slightly moved up.  He did push the Stimulus Bill, which I guess is a something, and there were bailouts, mostly started by Bush.  There was a cash for clunkers for a while.

In my view, the impact of the Fed moves was larger than any of those.

HK_Vol

  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 22214
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #47 on: February 27, 2019, 05:35:28 PM »

mcwterps1

  • All Star
  • ******
  • Posts: 3152
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #48 on: February 27, 2019, 05:40:30 PM »
While I can cite things the Fed did to spur the economy, I run in to difficulty citing things Obama did.  He did leave the Trump tax cuts in place, until 2013 when the top rate was slightly moved up.  He did push the Stimulus Bill, which I guess is a something, and there were bailouts, mostly started by Bush.  There was a cash for clunkers for a while.

In my view, the impact of the Fed moves was larger than any of those.
That's your opinion.
1, 2, 4, 5, 6, and perhaps 12, (even though shot down before it got started) not only ignited the economy and brought down the deficit, consumer confidence grew and people spent money.
https://www.thebalance.com/what-has-obama-done-11-major-accomplishments-3306158
This article points to the Fed's reduction as well. But, the Fed didn't do anything else. 

Cincydawg

  • Ombudsman for the Secret Order of the Odd Fellows
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 35353
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #49 on: February 27, 2019, 05:52:48 PM »
I surmise the term "Quantitative Easing" is not something about which you are aware.

I am pretty sure nearly any economist would state the actions of the Fed were enormous, and unprecedented, and highly impactful, which is why when Powell says something today, everyone pays rapt attention.

At least you now agree they did more than "NOTHING", in all caps.

Cincydawg

  • Ombudsman for the Secret Order of the Odd Fellows
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 35353
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #50 on: February 27, 2019, 05:55:20 PM »
DO you count his winning of the Nobel Peace Prize as a major accomplishment that aided the recovery?  How about killing bin Laden, or the nonexistent TPP, or the failed Paris Climate Accord, or the Iran Nuclear Agreement?

That web link is hilarious.

HK_Vol

  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 22214
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #51 on: February 27, 2019, 06:15:44 PM »
Cincy is right.
The Fed (and time) did far more to right the ship than anything Obama or his Administration did.
I really don't think that "cash for clunkers" did much to spur the economy.

The Obama Administration did wreck 100 years of contract law by trashing GM bondholders (many of whom were GM retirees).

The economy grew in spite of the Obama Administration's efforts rather than because of it.


Cincydawg

  • Ombudsman for the Secret Order of the Odd Fellows
  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 35353
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #52 on: February 27, 2019, 06:22:57 PM »
I suspect a lot of folks don't know what the Fed does, what it can do, and what it did.  It's all a mystery to them, so they can claim they did "NOTHING".


HK_Vol

  • Global Moderator
  • Hall of Fame
  • *****
  • Default Avatar
  • Posts: 22214
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #53 on: February 27, 2019, 06:24:48 PM »
Just look what happened to the markets once Powell said that further rate hikes were on hold and that QT would end by the end of the year.  Markets focus very little on earnings or growth anymore.  They focus on Fed policy and company buybacks.

mcwterps1

  • All Star
  • ******
  • Posts: 3152
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #54 on: February 27, 2019, 06:53:38 PM »
DO you count his winning of the Nobel Peace Prize as a major accomplishment that aided the recovery?  How about killing bin Laden, or the nonexistent TPP, or the failed Paris Climate Accord, or the Iran Nuclear Agreement?

That web link is hilarious.
Did you read the numbers I provided? 
Surely during your Quantative Easing speech you surmised the specific numbers I pointed to?
Watch out.  You're sounding like Bill Maher. 

harvestalvol

  • All Star
  • ******
  • Posts: 3724
  • Liked:
Re: So ya think Cohen might roll-over on Trump tomorrow?
« Reply #55 on: February 27, 2019, 07:09:35 PM »
With the way you described Democrats, I'm starting to wonder if you are one.
And let's get something straight here, Trump inherited, like he does everything else, a booming economy that was in the tank after Bush left office. Because you're too dense and ignorant understand that and you're the one that's full of hate because you hated the black man that was in office eight years prior, you will never admit it.
It doesn't matter what's said on here, you have some kind of statistic that puts black people in a negative light. You use stereotypes on a daily basis as well. Welfare as a reparation for example.
I don't know how many times you were beat in the head growing up, but I truly feel sorry for you now.
To be accurate, Obama is also white. 
https://thehill.com/opinion/finance/368904-economists-agree-trump-not-obama-gets-credit-for-economy
The Wall Street Journal asked 68 business, financial and academic economists who was responsible for the strengthening of the economy, and most “suggested Mr. Trump’s election deserves at least some credit” for the upturn.
Why would Trump rate higher than Obama with this group? Economists point to the upturn in business confidence
 upturn in business confidence that accompanied Trump’s election, and tie that to increasing business investment. Spending on capital goods accelerated sharply over the first three quarters of last year, growing at an annualized rate of 6.2 percent.


 

Associate Links/Search