General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump is looking for a scapegoat for the economy.
That is why he is going after the Fed Chair Powell so aggressively.
He doesn't want to go down in history as Hoover the Second. He constantly talks about "1929".
But his threats only heighten the fears already in the market.
He always has to have an excuse. So if the markets continue to decline and we go into a recession, or worse, he can say he tried to get rid of the Fed Chair and save our economy. It will never be his fault.
Never mind that every economist in the world was telling his dumb ass to stop the tariff bullshit but he refused to listen.
And now he wants to blame someone else.
Walleye
(45,770 posts)Index is on Wall Street are all down quite a bit. Shit.
gab13by13
(33,039 posts)Jerome doesn't do fluffing, he will bury Krasnov.
Renew Deal
(85,462 posts)One of his stooges said it already. (I think Bessent)
wnylib
(26,763 posts)He owns it and the J Powell bluster is BS.
Even if Powell is "fired" the other board members voted the same way.
AloeVera
(4,601 posts)Typical narcissist behaviour.
The "loser" label is projected onto the Fall Guy.
And somehow he always gets away with it, like any narcisstic cult leader with a supply of flying monkeys and yes-men.
Bluestocking
(873 posts)You cant do what Trump is doing and not crash the economy. The damage is done. The only way to stop it is to undo everything he has done since taking office. That may not even work at this point.
imanamerican63
(16,522 posts)617Blue
(2,526 posts)Traildogbob
(13,307 posts)Its all obviously Bidens Fought.
(As if the emoji is needed)
Coolgoober
(431 posts)The markets will crash even more especially the bond market
Quixote1818
(31,158 posts)lame54
(40,395 posts)Quixote1818
(31,158 posts)lame54
(40,395 posts)There will be more to come
madinmaryland
(65,815 posts)Consensual blow job.
ProfessorGAC
(77,626 posts)I was thinking he'd find a way to make this Carter's fault. You know, 50 years ago!
Wouldn't put it past him.
madinmaryland
(65,815 posts)ProfessorGAC
(77,626 posts)I was going to blame FDR for them, but they already do that!
madinmaryland
(65,815 posts)Isnt that what they want?
Yo_Mama_Been_Loggin
(138,622 posts)Wounded Bear
(64,806 posts)allegorical oracle
(6,674 posts)into the economy in too many places all at once. Tariffs, a weakening dollar, expanding joblessness, chaotic and inexperienced/incompetent leadership at every govt agency -- this mess won't be cured by lowering interest rates.
OMGWTF
(5,274 posts)dalton99a
(96,145 posts)modrepub
(4,239 posts)Pitch forks, pikes and torches will be hot commodities this summer.
Johonny
(26,827 posts)Might be a good start.
madinmaryland
(65,815 posts)Blue Full Moon
(3,760 posts)BoRaGard
(7,598 posts)Sad day.
Pinback
(13,701 posts)Irish_Dem
(82,786 posts)The distrust of the US economy and leadership increases.
NCDem47
(3,547 posts)I thought the exact same thing OP when he brought Powell into it over the weekend. Look anywhere but at me (but all other times...loook at me.)
OrlandoDem2
(3,251 posts)The average guy on the street will blame Trump for the pending recession.
yourout
(8,910 posts)Blue Owl
(59,985 posts)Janbdwl72
(304 posts)The guy is a walking leaker of classified information.
David__77
(24,887 posts)Thats the logic of Vichy.
Maru Kitteh
(32,092 posts)Fux will try to play both sides of the road on that one. They want to scold him but they need him to feel loved.
In the end, it will become just another one of the dozens of are you fucking kidding me kind of things he just says and gets away with like the 2020 election was stolen. We are all just expected to act like its a normal thing for a grown human being with a high school diploma and access to factual information to say.
His people know hes full of shit and they dont care. Its not what theyre in for.