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
(45,516 posts)Index is on Wall Street are all down quite a bit. Shit.
gab13by13
(32,789 posts)Jerome doesn't do fluffing, he will bury Krasnov.
Renew Deal
(85,369 posts)One of his stooges said it already. (I think Bessent)
wnylib
(26,468 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
(4,419 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
(799 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
(16,418 posts)617Blue
(2,526 posts)Traildogbob
(13,166 posts)Its all obviously Bidens Fought.
(As if the emoji is needed)
Coolgoober
(398 posts)The markets will crash even more especially the bond market
Quixote1818
(31,158 posts)lame54
(40,114 posts)Quixote1818
(31,158 posts)lame54
(40,114 posts)There will be more to come
madinmaryland
(65,776 posts)Consensual blow job.
ProfessorGAC
(77,306 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
(65,776 posts)ProfessorGAC
(77,306 posts)I was going to blame FDR for them, but they already do that!
madinmaryland
(65,776 posts)Isnt that what they want?
Yo_Mama_Been_Loggin
(137,518 posts)Wounded Bear
(64,655 posts)allegorical oracle
(6,594 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
(5,221 posts)dalton99a
(95,352 posts)modrepub
(4,199 posts)Pitch forks, pikes and torches will be hot commodities this summer.
Johonny
(26,631 posts)Might be a good start.
madinmaryland
(65,776 posts)Blue Full Moon
(3,653 posts)BoRaGard
(7,591 posts)Sad day.
Pinback
(13,660 posts)Irish_Dem
(82,386 posts)The distrust of the US economy and leadership increases.
NCDem47
(3,523 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
(3,243 posts)The average guy on the street will blame Trump for the pending recession.
yourout
(8,880 posts)Blue Owl
(59,634 posts)Janbdwl72
(285 posts)The guy is a walking leaker of classified information.
David__77
(24,860 posts)Thats the logic of Vichy.
Maru Kitteh
(32,015 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.
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