What caused the last depression?
What behavior was poorly regulated?
5 straight years of QE and all we got was "sluggish growth and high unemployment the new norm". Sounds like "poorly regulated Wall Street investors" Who was regulating the regulators?
What made buying on margin possible?
Then let me come to his rescue and say that the problem has been and always will be an increase in the money supply. Except the Fed is headed in the opposite direction as they start clearing their balance sheets, selling off the Treasury bonds that they bought during the housing crisis, thus decreasing the money supply and increasing the cost of borrowing.
Yes, closing plants that make electrics that Obama championed. Customers want truck and SUVs.
Obamaʻs legacy. A bailout of an already failing GM Co. and 5 of Obamaʻs years subsidized by 3 rounds of QE. The socialist Fed subsidizing a Socialist Potus.
Trump made really good on his promise to bring manufacturing back to the midwest by introducing tariffs that led to 5 plant closures. Think for a second if your business was unexpectedly hit with costs, you would look for someone to blame. In your case, you would blame the government. In the case of GM, you blame the company.
