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<blockquote data-quote="Flatrock" data-source="post: 161377" data-attributes="member: 1001"><p>Lol. Ok dude. I get it why people hate Biden but thinking he's going to destroy the economy and everything else is complete nonsense. The right wing extremists were pounding the table that the stock market would crash if Biden was elected and that has been 100% wrong. </p><p></p><p>And to go on a tangent, the POTUS isn't even the most powerful person IMO. I'd say the chair of the Fed is much more powerful with determining the direction of the economy. Monetary policy from the Fed is the 800 pound gorilla and is basically unchecked power. Most of the economic commentary this year hasn't been about Biden's spending/tax increases but has instead been obsessed on when the Fed is going to start their tapering and subsequent interest rate hikes.</p></blockquote><p></p>
[QUOTE="Flatrock, post: 161377, member: 1001"] Lol. Ok dude. I get it why people hate Biden but thinking he's going to destroy the economy and everything else is complete nonsense. The right wing extremists were pounding the table that the stock market would crash if Biden was elected and that has been 100% wrong. And to go on a tangent, the POTUS isn't even the most powerful person IMO. I'd say the chair of the Fed is much more powerful with determining the direction of the economy. Monetary policy from the Fed is the 800 pound gorilla and is basically unchecked power. Most of the economic commentary this year hasn't been about Biden's spending/tax increases but has instead been obsessed on when the Fed is going to start their tapering and subsequent interest rate hikes. [/QUOTE]
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