Re:Trump temporarily drops tariffs to 10% for most countries
by sfblah on Thursday April 10, 2025 @02:10AM
(#43641146)
Clean up the crisis, yes. Destroy the future of the US economy by endorsing ZIRP and massive government spending for more than a decade? No.
People give Obama a pass when they shouldn't. This stuff didn't start with Trump. The problem goes back much further.
Re:Trump temporarily drops tariffs to 10% for most countries
by paulryanrogers on Friday April 11, 2025 @08:46AM
(#43653174)
We should hold Obama to account. But at this point I'd settle for enforcing the Constitution.
No need for false equivalence.
Re:Trump temporarily drops tariffs to 10% for most countries
by drumdance on Friday April 11, 2025 @09:06AM
(#43653320)
Obama didn't endorse ZIRP. He wanted to do more stimulus but Congress wouldn't let him.
In that environment ZIRP was the only solution. Ben Bernanke (a Bush appointee, re-appointed by Obama) devoted his academic career to how the Fed could have prevented the Great Recession. He was right.
Obama too had to clean up a mortgage crisis from his predecessor's careless deregulation. Not an excuse for his own crimes, like say drone striking US citizens. But Trump is just openly corrupt, inept, praising autocrats and aspiring to be one.