▲ | thrance 7 days ago | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trump and his administration harassing the Fed and Powell over interest rates is like a swarm of locust salivating at ripened wheat fields. They want a quick feast at the expense of everything and everyone else, including themselves over the long term. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | dylan604 7 days ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Trump knows that the next POTUS can just reverse his decisions much like he's done in both of his at bats. Only thing is there is no next at bat for Trump (without major changes that would be quite devastating), so he's got to get them in now. The sooner the better to take as much advantage of being in control. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
▲ | pessimizer 7 days ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The left is almost completely unanimous in their support for lowering interest rates, and have been screaming about it for years, since the first moment they started being raised again. And for the same reasons that Trump wants it, except without the negative connotations for some reason. Recently, I've heard many left wingers, as a response to Trump's tariffs, start 1) railing about taxes being too high, and that tariffs are taxes so they're bad, and 2) saying that the US trade deficit is actually wonderful because it gives us all this free money for nothing. I know all of these are opposite positions to every one of the central views of the left of 30 years ago, but politics is a video game now. Lefties are going out of their way to repeat the old progressive refrain: > "The way that Trump is doing it is all wrong, is a sign of mental instability, is cunning psychopathic genius and will resurrect Russia's Third Reich, but in a twisted way he has blundered into something resembling a point..." "...the Fed shouldn't be independent and they should lower interest rates now." | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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