Trump says fed doesn't know what its doing

[countrygirl2]

Man, the way to influence friends and make enemies.  


Do they are don't they?

[busymom]

And this from the guy who said he was getting the very best people...  

[countrygirl2]

Oh and this is good, in 2 years he has made the military the best in the world, new everything.  He obviously doesn't know what the lead time is on all this stuff.  The guy is a hoot!!!

[happyhoix]

Trump wants to goose up the economy so he can crow about how wonderful everyone is doing in 2020. Trump is only interested in what happens for the next 18 months, not what happens after that.

The Fed's job is to avoid overheating the markets and to think long term, so of course Trump disagrees with what the fed is doing.

Trump also appears to think he can fire the Fed chair. He can't.

[Gardening Grandma]

Jul 5, 2019 10:20:34 GMT -5 busymom said:

And this from the guy who said he was getting the very best people...  

And the Revolutionary army took over the airports.....

[Value Buy]

Jul 5, 2019 10:20:34 GMT -5 busymom said:

And this from the guy who said he was getting the very best people...  

When he actually gets "his people" on the Fed, then you can make fun about this issue

[billisonboard]

Jul 5, 2019 11:06:31 GMT -5 Value Buy said:

Jul 5, 2019 10:20:34 GMT -5 busymom said:

And this from the guy who said he was getting the very best people...  

When he actually gets "his people" on the Fed, then you can make fun about this issue

The current Chairman is Jerome Powell, who was sworn in on February 5, 2018. He was nominated to the position by President Donald Trump on November 2, 2017, and was later confirmed by the Senate. en.m.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

His chosen Chairman isn't being overridden by other members from what I am reading.

[Tennesseer]

Well that makes two entities which don't know what they are doing:  The Feds and the president.

[happyhoix]

Jul 5, 2019 11:22:54 GMT -5 billisonboard said:

Jul 5, 2019 11:06:31 GMT -5 Value Buy said:

When he actually gets "his people" on the Fed, then you can make fun about this issue

The current Chairman is Jerome Powell, who was sworn in on February 5, 2018. He was nominated to the position by President Donald Trump on November 2, 2017, and was later confirmed by the Senate. en.m.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

His chosen Chairman isn't being overridden by other members from what I am reading.

Yep, Trump nominated him, then tried to intimidate him when Powell wouldn't do exactly what he wanted by claiming he could get rid of him to which Powell replied 'you can't.'

Powell is correct, you get appointed for a five year stint and can't get fired, no matter how much the POTUS pouts about it.

[dondub]

  When the economy is doing well, and I keep hearing Trump say it's the best economy ever, the Fed's role is to slowly tighten rates to keep inflation in check. It's a proactive versus reactive response, as chasing down inflation is much harder than heading it off at the pass. Thus, they are doing an excellent job as inflation is at bay.

  Trump is attempting to politicize the Fed and berate them into easing rates. He is either worried there will be a slowdown that impacts the election or wants an out of control economy on steroids to aid in his re-election. That he thinks he knows better is just the typical misguidedness of the narcissistic pathology he has. So he should put away his schoolyard bully schtick and STFU while the adults at the Fed continue to steer a proper course of action.

[djAdvocate]

if Trump gets his way, there is a good chance that there will be complete hell to pay.

[phil5185]

Jul 5, 2019 13:08:09 GMT -5 dondub said:

  When the economy is doing well, and I keep hearing Trump say it's the best economy ever, the Fed's role is to slowly tighten rates to keep inflation in check. It's a proactive versus reactive response, as chasing down inflation is much harder than heading it off at the pass. Thus, they are doing an excellent job as inflation is at bay.

  Trump is attempting to politicize the Fed and berate them into easing rates. He is either worried there will be a slowdown that impacts the election or wants an out of control economy on steroids to aid in his re-election. That he thinks he knows better is just the typical misguidedness of the narcissistic pathology he has. So he should put away his schoolyard bully schtick and STFU while the adults at the Fed continue to steer a proper course of action.

1.  So true - it took Paul Volcker and Reagan 7 to 9 years to slow the rate of growth - and then reverse it.  Mortgages topped out at near 18% in the early 1980s.

2.  Both - Trump is following the first rule of politics - you can't do anything, good or bad, without first getting elected.  So he is setting his longterm plans aside and going balls-to-wall to get re-elected. He has to stay in his lane - avoid both a slowdown and a runaway.

[weltschmerz]

Jul 5, 2019 13:08:09 GMT -5 dondub said:

  When the economy is doing well, and I keep hearing Trump say it's the best economy ever, the Fed's role is to slowly tighten rates to keep inflation in check. It's a proactive versus reactive response, as chasing down inflation is much harder than heading it off at the pass. Thus, they are doing an excellent job as inflation is at bay.

  Trump is attempting to politicize the Fed and berate them into easing rates. He is either worried there will be a slowdown that impacts the election or wants an out of control economy on steroids to aid in his re-election. That he thinks he knows better is just the typical misguidedness of the narcissistic pathology he has. So he should put away his schoolyard bully schtick and STFU while the adults at the Fed continue to steer a proper course of action.

He can't. He said he's the same person as he was in the first grade. Doesn't that make you feel all warm and fuzzy? The "leader of the free world" is a first grader.


Donald Trump's temper-tantrum tactics have been explained by the man himself. The frontrunner for the Republican presidential nomination admitted to his biographer that, "When I look at myself in the first grade and I look at myself now, I’m basically the same. The temperament is not that different."


theweek.com/speedreads/575962/donald-trump-tells-biographer-hes-same-now-first-grade

[dondub]

Jul 5, 2019 14:26:51 GMT -5 phil5185 said:

Jul 5, 2019 13:08:09 GMT -5 dondub said:

  When the economy is doing well, and I keep hearing Trump say it's the best economy ever, the Fed's role is to slowly tighten rates to keep inflation in check. It's a proactive versus reactive response, as chasing down inflation is much harder than heading it off at the pass. Thus, they are doing an excellent job as inflation is at bay.

  Trump is attempting to politicize the Fed and berate them into easing rates. He is either worried there will be a slowdown that impacts the election or wants an out of control economy on steroids to aid in his re-election. That he thinks he knows better is just the typical misguidedness of the narcissistic pathology he has. So he should put away his schoolyard bully schtick and STFU while the adults at the Fed continue to steer a proper course of action.

1.  So true - it took Paul Volcker and Reagan 7 to 9 years to slow the rate of growth - and then reverse it.  Mortgages topped out at near 18% in the early 1980s.

2.  Both - Trump is following the first rule of politics - you can't do anything, good or bad, without first getting elected.  So he is setting his longterm plans aside and going balls-to-wall to get re-elected. He has to stay in his lane - avoid both a slowdown and a runaway.

 In otherwords, he is attempting to put his re-election ahead of what's best for the country. Whodathunkit!

 Thank you Phil.

[tallguy]

Trump must have gotten beat up a lot in first grade....

[weltschmerz]

Jul 5, 2019 14:42:40 GMT -5 tallguy said:

Trump must have gotten beat up a lot in first grade....

I know he beat up his teacher......

[weltschmerz]

There have been plenty of books written by Trump on both politics and economics, and they all contain small tidbits of info from his life. In one of the more interesting passages from his bestseller The Art of the Deal, which he wrote back 1987, Business Insider notes he mentioned how he was always willing to go out on a limb to get his way from a very young age. At one point, this meant punching his second grade teacher in the face.



As Trump said in the book, “In the second grade I actually gave a teacher a black eye — I punched my music teacher because I didn’t think he knew anything about music and I almost got expelled.”

www.cheatsheet.com/entertainment/the-weird-reason-donald-trump-says-he-gave-his-grade-school-teacher-a-black-eye.html/

[phil5185]

""In otherwords, he is attempting to put his re-election ahead of what's best for the country. Whodathunkit!

Thank you Phil."""

lol - read my point #2 again -  Ie, he can't do what is best for the country w/o first getting elected.   I know you Libs have trouble with shortterm/longterm logic - but c'mon, that is basic!

[steff]

Jul 5, 2019 12:47:12 GMT -5 Tennesseer said:

Well that makes two entities which don't know what they are doing:  The Feds and the president.

3.   His supporters don't know either & don't do any research before they start bashing the people that HE HIRED.  They just believe whatever he says, no research, no logic, no common sense.  Just he said it, they parrot it. 

[dondub]

Jul 5, 2019 19:53:33 GMT -5 phil5185 said:

""In otherwords, he is attempting to put his re-election ahead of what's best for the country. Whodathunkit!

Thank you Phil."""

lol - read my point #2 again -  Ie, he can't do what is best for the country w/o first getting elected.   I know you Libs have trouble with shortterm/longterm logic - but c'mon, that is basic!

  Here is your point #2 again: "2. Both - Trump is following the first rule of politics - you can't do anything, good or bad, without first getting elected. So he is setting his longterm plans aside and going balls-to-wall to get re-elected. He has to stay in his lane - avoid both a slowdown and a runaway."

 Trump is attempting to play politics with the Fed and is NOT trying to stay in his lane. Thus my logical conclusion, that he is attempting to put his re-election ahead of what's best for the country, is spot on. No trouble at all seeing that Phil .

 Furthermore, what would be best for the country is if he didn't run at all. But I know you Repo-Cons have trouble seeing that.

[AgeOfEnlightenmentSCP]

Jul 5, 2019 13:28:47 GMT -5 djAdvocate said:

if Trump gets his way, there is a good chance that there will be complete hell to pay.

You're a smart guy. You know there's going to be hell to pay and that it has nothing whatsoever to do with Trump. There WILL be a collapse of the fiat currency and the debt-- being added to by the long-term structural deficits (resulting from "mandatory" spending mostly on entitlements) is going to come to a head at some point. 

[happyhoix]

Jul 6, 2019 13:06:04 GMT -5 AgeOfEnlightenmentSCP said:

Jul 5, 2019 13:28:47 GMT -5 djAdvocate said:

if Trump gets his way, there is a good chance that there will be complete hell to pay.

You're a smart guy. You know there's going to be hell to pay and that it has nothing whatsoever to do with Trump. There WILL be a collapse of the fiat currency and the debt-- being added to by the long-term structural deficits (resulting from "mandatory" spending mostly on entitlements) is going to come to a head at some point. 

You don't think Trump's tax bonanza for the rich and for big corporations isn't speeding us just a little bit faster to that crash?

[happyhoix]

Jul 5, 2019 14:49:53 GMT -5 weltschmerz said:

There have been plenty of books written by Trump on both politics and economics, and they all contain small tidbits of info from his life. In one of the more interesting passages from his bestseller The Art of the Deal, which he wrote back 1987, Business Insider notes he mentioned how he was always willing to go out on a limb to get his way from a very young age. At one point, this meant punching his second grade teacher in the face.



As Trump said in the book, “In the second grade I actually gave a teacher a black eye — I punched my music teacher because I didn’t think he knew anything about music and I almost got expelled.”

www.cheatsheet.com/entertainment/the-weird-reason-donald-trump-says-he-gave-his-grade-school-teacher-a-black-eye.html/

He was such an asshole as a kid his parents had to send him off to military school.

An entitled bully, then and now.

[djAdvocate]

Jul 6, 2019 21:09:59 GMT -5 happyhoix said:

Jul 6, 2019 13:06:04 GMT -5 AgeOfEnlightenmentSCP said:

You're a smart guy. You know there's going to be hell to pay and that it has nothing whatsoever to do with Trump. There WILL be a collapse of the fiat currency and the debt-- being added to by the long-term structural deficits (resulting from "mandatory" spending mostly on entitlements) is going to come to a head at some point. 

You don't think Trump's tax bonanza for the rich and for big corporations isn't speeding us just a little bit faster to that crash?

second point: everyone should know that SSI is a "pay as you go" system.  it actually is legally impossible for "entitlements" to create deficits- only surpluses.  that is why Reagan raised taxes.

so, no.  I don't hold Trump responsible for that.  I only hold him responsible for his reckless spending and tax cuts.  his soon to be trillion dollar deficits are entirely the fault of Republicans.

[Value Buy]

Jul 5, 2019 11:22:54 GMT -5 billisonboard said:

Jul 5, 2019 11:06:31 GMT -5 Value Buy said:

When he actually gets "his people" on the Fed, then you can make fun about this issue

The current Chairman is Jerome Powell, who was sworn in on February 5, 2018. He was nominated to the position by President Donald Trump on November 2, 2017, and was later confirmed by the Senate. en.m.wikipedia.org/wiki/Chair_of_the_Federal_Reserve

His chosen Chairman isn't being overridden by other members from what I am reading.

And how many of the other Fed members are Trump's people?
All Fed members have an equal vote.

[dondub]

They are not supposed to be 'anyone's people'. Trump is attempting to politicize and manipulate the Fed. Hands off MoFo!