Is the Fed a relic of days past the that should be effectively scrapped? It seems that the temptation to use it for political purposes is just too great to resist.
JPow should have to report this as an in-kind contribution to the Kamala for President campaign.
A 50-basis-point drop in the Fed Funds rate is an extreme action; it shows that JPow was late to the rescue of a recession. I think he would have done this only if he really believes the nation is already in or just about to enter a recession, and that this is his only possible action to try to prevent it.
The other part of reality is that he would have known we were headed toward a recession before now if he had honest statistics to use in making his decisions. But when the Big Lying Shitheads made their revision in the August unemployment figures by reducing the number of employed by 810,000, it showed he had very few alternatives.
We are now over $35 trillion in debt. To put that in context, before the hapless GW Bush assumed the presidency, our nation debt stood at just $5.6 trillion at the end of 2000. This is insanity. At least President Trump had the justification of the damage done to the economy by COVID shutdowns due to idiotic Democrat state governors destroying large swathes of our small businesses. Now there is NO excuse for the excesses of the Biden/Harris spending spree but it continues apace. This is madness and we need to keep sounding the alarm. Because the fall will not be pretty. And hopefully the "peasants" will remember who is at fault - our "elites" in government, the DNC and the C-suites" when them come hunting with torches and pitchforks.
The inflation rate vanished between Clinton Bush crashed Obama bank bail outs reinstate glass/ Steagle Act return to American energy throw the green deals out 👉🗑️ that should help return to order
Is the Fed a relic of days past the that should be effectively scrapped? It seems that the temptation to use it for political purposes is just too great to resist.
JPow should have to report this as an in-kind contribution to the Kamala for President campaign.
A 50-basis-point drop in the Fed Funds rate is an extreme action; it shows that JPow was late to the rescue of a recession. I think he would have done this only if he really believes the nation is already in or just about to enter a recession, and that this is his only possible action to try to prevent it.
The other part of reality is that he would have known we were headed toward a recession before now if he had honest statistics to use in making his decisions. But when the Big Lying Shitheads made their revision in the August unemployment figures by reducing the number of employed by 810,000, it showed he had very few alternatives.
We are now over $35 trillion in debt. To put that in context, before the hapless GW Bush assumed the presidency, our nation debt stood at just $5.6 trillion at the end of 2000. This is insanity. At least President Trump had the justification of the damage done to the economy by COVID shutdowns due to idiotic Democrat state governors destroying large swathes of our small businesses. Now there is NO excuse for the excesses of the Biden/Harris spending spree but it continues apace. This is madness and we need to keep sounding the alarm. Because the fall will not be pretty. And hopefully the "peasants" will remember who is at fault - our "elites" in government, the DNC and the C-suites" when them come hunting with torches and pitchforks.
Decades of cover ups long overdo
The inflation rate vanished between Clinton Bush crashed Obama bank bail outs reinstate glass/ Steagle Act return to American energy throw the green deals out 👉🗑️ that should help return to order
They know that's what propelled Trump into Office 👍