Qe 1 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Credit to the fed and monetary policy and qe 1, 2 and 3 but also if you look at obama over his eight years we had average gdp of 1.5% last year we had 1.6 and when trump came into office his first budget hit 2.3 and he hit 2.3 so i think there's a very clear dichotomy of obama versus president trump real bull market coming on strong with president trump. david: kevin who gets credit? >> i actually think the fed gets credit they went into the market and artificially suppress ed interest rates so people went into riskier assets so if we look at what, how you grow an economy, there's two levers y...

Welcome back. we're back with our panel. john hilsenrath, ed rollins. steven ratner, chairman of willett advisers, former counselor to the u.s. secretary of the treasury. steve, thanks for joining the conversation. >> thanks for having me. >> i want to ask you about the economy where we are. tim geithner just out with his book "stress test." it's been seven years since the dark days or six years since the dark days. how would you characterize things? >> actually, i'm in the middle of reading tim geithner's book, and it gives you nightmares. it just brings back all of the fear and how close we ...

On. so it is -- the epploiper-based insurance is a real problem and will go on. it keeps employerses where they are and keeps them from hiring people. that's the first thing that needs to be solved. above and beyond that, get rid of, you know, lower capital gains, get more money working in the economy. it worked for ronald reagan. >> they had much higher taxes -- >> -- reagan actually had the right policies to create jobs growth and until we do that, it's just going to go on the way it is. by the way, qe-1, 2 and 3, one of the largest, slowest recoveries we've had, because the central planners...

Of volatility since chairman bernanke did mention tapering back in may, which is where we had our highs. >> which means i will stop giving you this free market. >> meaning we have seen the most volatility all year. sideways to lower, the last two days significantly lower. there is probably some work to do on the downside in the near term. this is something that's needed. a pullback is needed. we need to get back to more compelling evaluations in the index stocks generally speaking. so it's not as if this is completely destructive. it's a question of a longer period of trend. >> it's pruning. >...

There is probably some work to do on the downside in the near term. this is something that's needed. a pullback is needed. we need to get back to more compelling evaluations in the index stocks generally speaking. so it's not as if this is completely destructive. it's a question of a longer period of trend. >> it's pruning. >> that's a great example. >> when you look at five years ago when this whole, they call it quantitative ease, basically, this free money he has been throwing into the economy to start it. every time he said maybe i'm going to stop, stocks tankled. you see qe 1, that's the ...