highrider
New member
- Joined
- Apr 24, 2019
- Messages
- 1
- Reaction score
- 0
- Location
- southwest USA
- Gender
- Male
- Political Leaning
- Independent
Obama;
He forced TARP money on banks then refused to let the banks pay it off. Then used it as a lever to deny employees a raise. While granting huge raises and new benefits to his favored groups.
He reduced employee healthcare benefits through elimination of flexible spending accounts for many common items, then imposed payroll taxes on working people - all to shift the cost of this welfare to working people. Then increases the cost of everyone’s insurance premiums.
He undermines the integrity of the Social Security fund by lowering taxes by 1/3. The slammed working people with a 2% pay reduction when he reimposed it.
He used the Fed to generate “funny money” by selling treasury bonds to the fed because the interest rates were so low he couldn’t cut rates any further. Those low interest rates robbed people like me of any growth in their retirement funds. Our economy is still suffering from this and thank God Trump has since been paying off those bonds and rates have started increasing again.
Obama’s Artificially low interest rates did nothing to create wealth but created huge inflation, which is why in the last 10 years home prices have doubled, gas has doubled, groceries have doubled, etc. All on the backs of retired working people’s savings accounts which were locked out of any earnings.
I could go on and on, but working people like me had enough which is why Trump is President.
He forced TARP money on banks then refused to let the banks pay it off. Then used it as a lever to deny employees a raise. While granting huge raises and new benefits to his favored groups.
He reduced employee healthcare benefits through elimination of flexible spending accounts for many common items, then imposed payroll taxes on working people - all to shift the cost of this welfare to working people. Then increases the cost of everyone’s insurance premiums.
He undermines the integrity of the Social Security fund by lowering taxes by 1/3. The slammed working people with a 2% pay reduction when he reimposed it.
He used the Fed to generate “funny money” by selling treasury bonds to the fed because the interest rates were so low he couldn’t cut rates any further. Those low interest rates robbed people like me of any growth in their retirement funds. Our economy is still suffering from this and thank God Trump has since been paying off those bonds and rates have started increasing again.
Obama’s Artificially low interest rates did nothing to create wealth but created huge inflation, which is why in the last 10 years home prices have doubled, gas has doubled, groceries have doubled, etc. All on the backs of retired working people’s savings accounts which were locked out of any earnings.
I could go on and on, but working people like me had enough which is why Trump is President.