The idea behind lower rates is to promote investment. But investment is being severely discouraged by the absolute dumpster fire of a political environment the country is in right now where nobody knows if a “good” investment will suddenly turn into a terrible investment at the whim of the irrational toddler in charge. As a result, lowering the interest rates would most probably do nothing more than promote inflation. Powell knows that and this is why he refuses to lower the rates.
The president throwing a tantrum and trying to pressure a position that can only properly do its job of regulating the economy if it is shielded against political influence will only push investors away even more.
Buckle up Americans, looks like a great depression is coming. And it was entirely manufactured by your president’s incompetence.
“Ah you think depression is your ally? You merely adopted the depression. I was born in it, molded by it. I didn’t see optimism until I was already a man, by then it was nothing to me but unrealistic idealism!” - Me… and… most millennials, probably.
No, this is not incompetence, it is insider trading. They had a plan with tariffs and made their money.
When Trump finally falls the people that raised up that useful idiot will all get to keep the insider trading money they made by yo-yo’ing the economy.
The issue the OC is talking about isn’t something you can just walk back and take your winnings. Owning the husk of a once great economy isn’t really a great outcome.
I don’t think anyone understands that if he ousts Powell/gets his interest rate lowered, we’re looking at a depression or worse. That kind of economic crisis has the potential to ruin literally anyone, including the wealthy/elites.
Ai think the problem is now that he’s non hardcore supporters are still thinking this is some kind of art of the deal fuckery. That at some point he’s going to get the best deal in the history of deals , maybe ever
The Republicans who could and should hold him to account (senators, representatives, and Supreme Court justices) are too afraid of his rabid base to do anything. If they oppose him, Trump will start raging on truth social that they are communist America haters that need to be “dealt with”. Stochastic terrorism is a real thing, and these people are cowards.
The oligarchs that put him in power thought they were smart enough to control him. I think they are just now realizing that they can’t, and they are freaking out.
Many cowards in the Republiqan Party. Also a whole lotta stupid people more engaged in their stupid identity politics who have the mantra of “any criticism of donvict is because someone just has ‘trump derangement syndrome’ and something something argle bargle DEI”.
Whole lot of so-called “leftists” have been saying and continue to say that Kamala/Biden would have been just as bad because something something argle bargle, “centrist” and “status quo”.
I would say most of the stupidity is confined to the right and a whole lot of permission structure given to them by the “liberal media”, AKA corporate media bothsiderists, but there is a small sliver of both-siderist idiots on the left, too.
The idea behind lower rates is to promote investment. But investment is being severely discouraged by the absolute dumpster fire of a political environment the country is in right now where nobody knows if a “good” investment will suddenly turn into a terrible investment at the whim of the irrational toddler in charge. As a result, lowering the interest rates would most probably do nothing more than promote inflation. Powell knows that and this is why he refuses to lower the rates.
The president throwing a tantrum and trying to pressure a position that can only properly do its job of regulating the economy if it is shielded against political influence will only push investors away even more.
Buckle up Americans, looks like a great depression is coming. And it was entirely manufactured by your president’s incompetence.
“Ah you think depression is your ally? You merely adopted the depression. I was born in it, molded by it. I didn’t see optimism until I was already a man, by then it was nothing to me but unrealistic idealism!” - Me… and… most millennials, probably.
Crash of '87
4yo me:
No, this is not incompetence, it is insider trading. They had a plan with tariffs and made their money. When Trump finally falls the people that raised up that useful idiot will all get to keep the insider trading money they made by yo-yo’ing the economy.
The issue the OC is talking about isn’t something you can just walk back and take your winnings. Owning the husk of a once great economy isn’t really a great outcome.
I don’t think anyone understands that if he ousts Powell/gets his interest rate lowered, we’re looking at a depression or worse. That kind of economic crisis has the potential to ruin literally anyone, including the wealthy/elites.
Um, I think everyone except his hardcore followers understands that.
If that were the case he wouldn’t be in power anymore. Either enough people don’t understand or don’t believe it.
Ai think the problem is now that he’s non hardcore supporters are still thinking this is some kind of art of the deal fuckery. That at some point he’s going to get the best deal in the history of deals , maybe ever
The Republicans who could and should hold him to account (senators, representatives, and Supreme Court justices) are too afraid of his rabid base to do anything. If they oppose him, Trump will start raging on truth social that they are communist America haters that need to be “dealt with”. Stochastic terrorism is a real thing, and these people are cowards.
The oligarchs that put him in power thought they were smart enough to control him. I think they are just now realizing that they can’t, and they are freaking out.
Many cowards in the Republiqan Party. Also a whole lotta stupid people more engaged in their stupid identity politics who have the mantra of “any criticism of donvict is because someone just has ‘trump derangement syndrome’ and something something argle bargle DEI”.
Calling it now. It will be called the DEI-pression
He will say that he had to “walk back” his tariffs and the “libs” wouldn’t let him make the deals he needed. His idiot followers will believe him.
So that’s what all the MAGA idiots are going for
Whole lot of so-called “leftists” have been saying and continue to say that Kamala/Biden would have been just as bad because something something argle bargle, “centrist” and “status quo”.
I would say most of the stupidity is confined to the right and a whole lot of permission structure given to them by the “liberal media”, AKA corporate media bothsiderists, but there is a small sliver of both-siderist idiots on the left, too.
The greatest depression, some will say
Some people heard “The New Deal saved America from fascism” and thought “okay so this time we do the Depression but not the Deal”
What’s hilarious to me is that the Fed did cut rates at least twice I can recall in the months leading up to the inauguration
Then this dumbass comes in and fucks everything up