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RE: Charts that show the economy rolling over just like 2006-2009 --- does not look good
Well all they did is reward the people that ruined the economy with more money. That really cant fix anything.
Well all they did is reward the people that ruined the economy with more money. That really cant fix anything.
Good point...the money went to the banks. It did not bring back manufacturing jobs. It helped those that "took risks, gambled or committed commercial fraud" and bailed them out. It just created another opportunity to begin the money printing again fro the past 8 years....this is where we are...they were able to prop things up again quite well. Much of that money of course flowing into stocks to support the country. if not for the market recovering if would have been quite bad for many reasons.
The wall street recovery hasn't done much for main street. The work force participation rate is similar to what it was in the great depression.
Very true...they like to fudge the numbers ...help creative a certain positive narrative so people keep spending