Obama the plastic puppet President

Bush Jr. inherited (January 20th, 2001) a Fed Funds Rate of 5.92%, which was at 4.17% at the start (January 20th) of his last (2008) year in office, where it began its final nosedive to .08% by January 4th, 2009, to raise to .23% on January 21st, 2009, to begin Obama’s 1st term.

I was recently asked if Obama should get any credit for America’s economy during Trump’s 1st term as President.

My initial response would be to ask someone to name Obama’s economic policies, post 2012

The Federal Funds rate was the ONLY thing that allowed Obama to do what he did financially; and that was primarily to further enrich the super-wealthy, through Banks and Government.

No private citizen or business can apply directly for a loan with the Federal Reserve.

At no other point in American history, has the Federal Reserve rate remained below .07% (that’s not 7% either) for two successive Presidential terms.

As of July 16th, 2007, the Federal Reserve Rate was at 5.25% and then plummeted to .08% by January 4th, 2009; two weeks before Obama takes office.

Bush Jr. inherited (January 20th, 2001) a Fed Funds Rate of 5.92%, which was at 4.17% at the start (January 20th) of his last (2008) year in office, where it began its final nosedive to .08% by January 4th, 2009, to raise to .23% on January 21st, 2009, to begin Obama’s 1st term. 

Bush saw an overall rate change of – 5.84% but with a – 3.94% rate change in his last 12 months in office.

Take notice of how fast the Federal Reserve rate tumbled towards the end of Bush Jr’s 2nd term.

This was done in preparation for the incoming Obama administration.


The Federal Reserve rate nearly flat-lined for most of Obama’s two terms in office.

From inauguration day of his 1st term, on January 20th, 2009, to his last day in office on January 20th, 2017, the Federal Funds rate went from a low of .20% to a high of .66%

Imagine any other President having such luxury for 96 (8 years) consecutive months.

Obama was plastic, and was completely propped up by big business and special interests.

It actually amazes me that nearly 3 years into Trump’s 1st term, I’ve seen nearly nothing written up on the Fed doing this for those 8 years.

The Federal Reserve loaned untold TRILLIONS for 96 consecutive months, at an average rate of around .20% interest.

Again, this was a complete set-up, preparing for Obama’s tenure.

Since taking office on January 20th, 2017, Trump began with a Federal Reserve rate of .66% and has seen 7 increases up to December of 2018, up to the newest Federal Reserve funds rate of 2.5%, and is not scheduled to increase again through 2019, but I sincerely doubt that holds true.

The Obama years never saw this rate reach 1% but it is already @ 2.5% and will go higher before year’s end.

I believe a 2nd term for Trump would see this rate continually rise as well.

The next major decline in the Federal Reserve rate will not occur until 12-18 months prior to the next Democrat Presidency.

J.W.

www.rafonreport.com

We are Dismantling the Beast, one piece at a time.

God Bless You, and God Bless America