Originally Posted by pricejj
It's called massive inflation.
Wow, that was crude, but it's to be expected from a Socialist. The Dow dropped 2000 points after Obama entered office (after holding steady for the previous two months). The Dow's rise can attributed to Bernanke with QE1, QE2, Operation Twist, and hints at QE3.
The federal funds rate has been set at 0% throughout Obama's presidency, screwing U.S. citizens out of interest earnings, but creating an enormous windfalls for banks.
What are you talking about, massive inflation? It's been below three percent for most of the Obama presidency, and below four the entire time. http://inflationdata.com/inflation/i...tion_chart.htm
. And how, in any event, could four years of single-digit inflation account for a 100% increase in gas prices?