The “Whom do we thank for today’s strong economy” commentary in the 12/13/2017 VMS, is an insult to anyone who is the slightest bit informed about politics or the economy.
During Obama’s term, the economy was so sluggish and fragile, the Fed raised interests rates only once.
What the Fed did do was to print billions of worthless dollars to keep Obama’s extremely weak economy afloat. Google, Quantitative Easing during Obama years.
And blame globalist establishment,
Council on Foreign Relations members H.W. Bush and Bill Clinton for selling out American industry with NAFTA, and Clinton and Congress allowing China into the World Trade Organization.
The result of those two anti-America trade deals resulted in an estimated six million manufacturing jobs being lost to other nations.
By some estimates, thanks to Bush and Clinton, over 70,000 small, medium, and large U.S. manufacturing facilities closed up as well.
On the other hand, since DJT won the election, the Fed has raised interest rates four times, once in December 2016 and three times in 2017.
As usual, please don’t take my word for anything, Google: “Seven years later, recovery remains weakest of the post WWII era,” Wall Street Journal, 7/29/2016.
“7 facts that show Obama’s economic recovery has been awful”, The Daily Wire, 8/1/2016.
“The reasons behind Obama’s nonrecovery,” American Enterprise Institute,” 9/21/2016.
“Finally, Fed hikes interests rates for first time in 2016,” USA Today, 12/14/2016.
Ms Harrop can fool some of the people some of the time (especially the uninformed) with her propaganda, but she surely can’t fool all of the people all of the time.
Believe everything you read if you are amongst the gullible.
N. Rodriguez Harlingen
