Quote:
Originally Posted by Guest
It is called deficiet spending, your grandchildren's future earnings if you have grandchildren, and it has exploded since 2008. Without it the market would have gone much lower than it did instead of spiking to record levels. If you lowered the fed rate to zero but passed a real balanced budget without gimmicks your stock market would cave quickly. IMO
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By almost every measure the stimulus package, which I assume you are referring to, has been an abysmal failure. And, for all practical purposes, the Fed Fund rate HAS been at zero for the last several years, forcing investors to seek higher returns in the stock market; hence, the increase in the market indices despite an overall decrease in corporate earnings due to a Obama's sluggish economy.
I also think that you may be confusing fiscal policy with monetary policy. Obama has tried to take credit for the results of the Fed's monetary policy on the stock market...policy and action that he had/has NO control over.