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<blockquote data-quote="Glocktogo" data-source="post: 3064558" data-attributes="member: 1132">In the simplest terms, Obama was extremely hostile to business during his 8 year term, causing many corps and businesses to hold onto cash reserves instead of investing in people &amp; infrastructure. At least, not to the level they would&#039;ve had Obama been less hostile. I vividly remember some of Obama&#039;s public tantrums over that fact. They were epic.The moment Trump defeated Hillary, it was like a noose was removed from their necks and they started spending and investing. At least they did in a way they hadn&#039;t for at last 8 years. This fundamental &quot;shift&quot;, in turn caused a sharp upswing in consumer confidence. People less afraid of losing their jobs are more likely to spend on expensive purchases like homes and more expensive autos. It&#039;s this confidence and change to our economy that has allowed the FED to finally raise interest rates.I don&#039;t necessarily subscribe to &quot;trickle down economics&quot;, but in this one instance, it&#039;s operative in what we&#039;re seeing. This graph doesn&#039;t lie:<img src="https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-interest-rate.png?s=fdtr&amp;v=201712131912v&amp;d1=19170101&amp;d2=20171231" alt="" class="fr-fic fr-dii fr-draggable " style="" /> Simply put, Obama presided over the longest flat spot in the American economy in 45 years. Trump is significantly impactful in changing that. Anyone trying to tell you different is deluding themselves.</blockquote>

[QUOTE="Glocktogo, post: 3064558, member: 1132"] In the simplest terms, Obama was extremely hostile to business during his 8 year term, causing many corps and businesses to hold onto cash reserves instead of investing in people & infrastructure. At least, not to the level they would've had Obama been less hostile. I vividly remember some of Obama's public tantrums over that fact. They were epic. The moment Trump defeated Hillary, it was like a noose was removed from their necks and they started spending and investing. At least they did in a way they hadn't for at last 8 years. This fundamental "shift", in turn caused a sharp upswing in consumer confidence. People less afraid of losing their jobs are more likely to spend on expensive purchases like homes and more expensive autos. It's this confidence and change to our economy that has allowed the FED to finally raise interest rates. I don't necessarily subscribe to "trickle down economics", but in this one instance, it's operative in what we're seeing. This graph doesn't lie: [IMG]https://d3fy651gv2fhd3.cloudfront.net/charts/united-states-interest-rate.png?s=fdtr&v=201712131912v&d1=19170101&d2=20171231[/IMG] Simply put, Obama presided over the longest flat spot in the American economy in 45 years. Trump is significantly impactful in changing that. Anyone trying to tell you different is deluding themselves. [/QUOTE]

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