Quote:
Originally Posted by dyna mo
richard explain how dodd-frank contributed to the booming economy.
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My understanding of dodd-frank is that it helped to stabilise the banks and give protection to consumers - in turn this helped to restore investor confidence in the system.
As others have pointed out the economic upturn under Obama was in some part cyclical and to be expected with the opportunities offered by very low interests rates and low asset vales. Obama managed the situation extremely well.
However the QE instigated throughout the western economies was absolutely needed to stop the financial rot. It was probably the only throw of the dice left.
So 8 years of Obama, and before Trump has got his feet under the table he starts claiming the credit.
The only mistake Obama made was one of perception. He should have spent every waking moment telling y'all how fabulous the economy is, and that no president in history had done a better job.
Can you imagine how stoopid and narcissistic he would have sounded ?
