Economy
Related: About this forumTrump 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.
Blue Owl
(50,259 posts)n/t
sandensea
(21,600 posts)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)during the debates. He looks like a hungry shark.
Thekaspervote
(32,705 posts)sandensea
(21,600 posts)Who can forget that one!
mr_lebowski
(33,643 posts)No need to enter a world of pain ...
sandensea
(21,600 posts)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)Link to tweet
..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)Those brain farts of his usually sound like he just dropped acid.
Captain Zero
(6,783 posts)I rest my case.
sandensea
(21,600 posts)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)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.
Fullduplexxx
(7,844 posts)mahatmakanejeeves
(57,290 posts)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!
Link to tweet
mahatmakanejeeves
(57,290 posts)Walmart, a great indicator as to how the U.S. is doing, just released outstanding numbers. Our Country, unlike others, is doing great! Dont let the Fake News convince you otherwise.
Link to tweet