You know what else allows the economy?
Massive, un-targetted tariffs aimed at our allies and randomly putting them in and out, and putting unreasonable tariffs on China without having a plan in place.
Given Trump’s actions over the past three months, this isn’t a prediction, but a threat.
“I’ve got a tariff and I don’t know how to use it! Now lower interest rates or the economy gets it!”
He wants reduced interest rates so the uber rich can get cheap loans to buy up even more while the economy is crashing.
Mainly I think he is just setting up to blame Powell for all the damage that Trump’s policies are causing.
Yeah, he’s trying to deflect blame on the one guy holding this entire fucking house of cards together
Yeah, because Trump is clearly trying to knock the house down.
Thats not how this shit works you fucken baboon. You listen to the chair, they’re the experts. I dont like Powell nearly as far as I can throw him but hes nowhere near a disaster like you.
yeah, this is purely preemptive to cast blame on powell as the entire us economy tanks.
as far as I am aware the feds focus is still entirely on trying to control inflation. what trump is demanding from powell would almost certainly lead to stagflation - economic contraction with increased inflation, and that is as bad as it sounds.
I dont think there is any better means to impoverish the general us population faster than trumps apparent “plan”. the wealthy, however, will be perfectly fine.
Well, they will be fine until a desperate population with more guns than people starts starving.
Then all bets are off.
we just have to get past the machine gun turrets and mechs. but, yeah… this feels like its gonna get really bad, really fast, on purpose.
was talking to a “non-political” associate today and he dropped a nugget about how the media is telling him the economy is slowly improving. didnt have time to ask what media he was consuming and I am not sure he would admit to watching fox (but I think he does). I reminded him that he just pulled his house off the market because of no interest. this entire country has become delusional.
Man who just ran Titanic into iceberg blames engine room mechanic for delaying the voyage
We’re sinking!
We’re sinking!…what are you sinking about?
The damn engine room man!
Trump has finally revealed his scapegoat.
Playing the role of Fauci this time around will be Powell, as donvict does yet another self-own and tries to to blame it on adults with expertise.
Of course he didn’t cause Covid, but he could have, if he was not a child suffering from utter derangement, easily handled Covid like almost any normal human being could have in such a situation - shut up and let the experts do the talking, and then reiterate what the experts say and give the experts all the tools and platform they need to help steer things.
But this is diaper donnie we are talking about.
Nobody is fooled. Scapegoats are only good for a few news cycles, Trump will own this economy until he’s removed from office.
MAGAt is fooled.
He already does, and will continue to do so. Hope he has fun next year when suddenly millions of people’s taxes are ‘lost’ in the mail
4D chess. Replace the chair so we can get low interest loans for eggs.
Has dipshit even seen the markets lately?
Of course he hasn’t.
Yes, that was the point of the rate hikes, to slow inflation. Go ahead, idiot, point front to enemy and see what happens.
There are several other articles posted on this topic that don’t have credulous, Trump-sucking headlines. Therefore, there’s no good reason to upvote this one.
I get that OP isn’t trying to push a pro-Trump narrative given his commentary on it, but picking Bloomberg as a source was an unfortunate choice.
¯_(ツ)_/¯ 🖕🇺🇸
Motherfucker, raising rates is supposed to prevent an extreme economy downturn. Shut the fuck up
More shock and awe economic policy.
Maybe Mr Trump should let the professionals do their job?
Or, hell, just let an adult have the wheel for a bit.
