Because of course. Via Mediaite:
During his radio program yesterday afternoon, Fox News’ Sean Hannity claimed that we are seeing the impact of the previous administration’s economy on today’s market. Referring to a segment he had just seen on Fox News, Hannity said the analysis is that it was largely President Barack Obama’s fault.
“Because the Obama economy was so weak all of these years we had just artificially cheap money,” the Fox News host said. “Now what’s cheap money? Cheap money is when you can borrow at ridiculously low rates.”
He continued, “The era of cheap money at some point has to come to an end. The government has artificially, the Fed has artificially kept the price of money down and the price borrowing down and now that’s going to come to an end.”