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sandensea

(21,600 posts)
Thu Aug 15, 2019, 12:30 AM Aug 2019

Trump is scared about the economy, and he's setting up Jerome Powell as his fall guy

For the first two years of his presidency, Donald Trump bore an existential fear of the Russia investigation. And more often than not, he focused his ire on one man: then-attorney general Jeff Sessions.

It's possible the bigger threat to Trump's presidency is now the economy, which is showing increasing signs of instability. And just as before, Trump appears genuinely worried and has found one man on which to focus his blame:

Federal Reserve Chairman Jerome Powell.

Powell could be in for a world of pain ahead of the 2020 election - especially if things do go south.

At: https://www.sfgate.com/news/article/Trump-is-scared-about-the-economy-and-he-s-14304736.php



Federal Reserve Chairman Jerome Powell and friend.

As the effects of Trump's trade wars and deficits are increasingly felt in the economy, the need for a scapegoat rises proportionately - all the more so in an election year.
15 replies = new reply since forum marked as read
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sandensea

(21,600 posts)
3. Doesn't it though.
Thu Aug 15, 2019, 12:49 AM
Aug 2019

Powell looks like he's about to blink out an SOS signal.

Cheeto looks a third world thug holding him hostage - like Saddam Hussein or Idi Amin.

BigmanPigman

(51,567 posts)
7. He is looking the same way that he did with Hillary
Thu Aug 15, 2019, 02:11 AM
Aug 2019

during the debates. He looks like a hungry shark.

 

mr_lebowski

(33,643 posts)
2. Jerome should probably just mark it zero, take his bowling ball, and go home ...
Thu Aug 15, 2019, 12:37 AM
Aug 2019

No need to enter a world of pain ...

sandensea

(21,600 posts)
4. I'm sure he has half a mind to leave this minute - and who could blame him!
Thu Aug 15, 2019, 12:55 AM
Aug 2019

Except he knows that if he did step aside, the Orange Oaf would probably replace him with Jim Cramer or Gretchen Carlson.

Maybe even Incestvanka.

Poor guy.

progree

(10,890 posts)
5. "Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Res"
Thu Aug 15, 2019, 01:03 AM
Aug 2019



We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut....

..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!

Totally loony tunes.

sandensea

(21,600 posts)
6. If he knew better, Cheeto would avoid commenting on the economy (or anything, really)
Thu Aug 15, 2019, 01:24 AM
Aug 2019

Those brain farts of his usually sound like he just dropped acid.

sandensea

(21,600 posts)
9. Sure - but as you know, Cheeto turns on people on a dime
Thu Aug 15, 2019, 02:23 AM
Aug 2019

Loyalty is very much a one-way street with him - and the second he sees the least advantage in throwing even his most valuable appointees under the bus, down they go.

Like a dawg!

JohnnyRingo

(18,618 posts)
11. Who's the moron that appointed Powell?
Thu Aug 15, 2019, 03:00 AM
Aug 2019

Oh yeah...

Powell is actually performing sensibly, balancing the economy and inflation. There's only so much he can do though. The great Businessman seems to think huge rate cuts have no consequence.

I'm pretty sure the Fed can't be fired. He has the job if he wants it for six years.

mahatmakanejeeves

(57,290 posts)
13. That was yesterday. Today: "The Fake News Media is doing everything they can to crash the economy"
Thu Aug 15, 2019, 01:01 PM
Aug 2019

Please try to keep up, comrade.

The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election. The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!



mahatmakanejeeves

(57,290 posts)
14. Our Country, unlike others, is doing great!
Thu Aug 15, 2019, 04:34 PM
Aug 2019
Walmart, a great indicator as to how the U.S. is doing, just released outstanding numbers. Our Country, unlike others, is doing great! Don’t let the Fake News convince you otherwise.


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