The Low Interest Rate Policy in the Early 2000s

The real quantitative easing took place with the Obama depression begin. Ever since Obama bailed out the banks and not the economy, ever since he didn't write down the debts to what can be paid. That was a deliberate policy choice of Obama and his Treasury Secretary Geithner. It remains the policy of the Democratic Party today with some Republican support. Their policy is to put the financial sector first and the job of the entire economy is to reduce its living standards.