Tuesday, December 20, 2016
Obama Attempts To Tank The Stock Market, For His Legacy’s Sake
Early in the Obama administration the Fed lowered interest rates in the hopes that Obama’s stimulus money would be invested in the stock market and inspire a rally in the economy along with spurring a surge in home buying. Most of this plan worked: the stock market soared and the housing market improved, but the overall economy languished with poor-or-no growth because of Obamacare and the EPA’s flood of economy-destroying regulations. Then Donald Trump was elected president in 2016 and the stock market took another spike toward 20,000 at this good news and the more favorable business environment a Trump administration would bring to America.
The last thing liberals want is for the market to respond favorably to the election of Donald Trump and for Trump to be able to claim credit for the improved economic news. So Obama quickly claimed the credit for his brilliant economic policies that inspired the thriving market performance, while at the same time introducing measures that may cause disruption of the DOW as Trump takes office.
To be certain, the bubble that Obama created in the housing market and the stock market will absolutely burst at some point, but now Obama is hastening that event by pushing a pin into the bubble with only the darkest of intentions, by having the Fed raise interest rates which may well have negative ramifications for the economy and the Trump White House.
Donald Trump must immediately make Americans aware of the imminent crash of the Obama-created bubble, so the blame can be placed where it belongs: on Obama and his attempts to “fundamentally transform America”. Obama has been successful at transforming America to banana republic status, and Trump must get ahead of this developing disaster and warn Americans what is happening as Obama rides off into the sunset.
Obama and the Fed were resistant to an interest rate increase during the Obama administration in hopes of Hillary becoming president and continuing Obama’s lying legacy of a great economy, but now that Trump will be his successor, Obama wants to tank the great stock market performance seen during his own eight years as president, with his anti-American and anti-market tampering and the potential disruption of the economic lives of Americans now that Donald Trump is destined to become president.
Posted by Dave King at 8:00 AM