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Yavin4

(37,182 posts) Wed Sep 21, 2022, 07:03 PM Sep 2022

The Fed's rate hike strategy gives the Republicans a huge advantage for 2024. [View all]

The Fed is looking to raise interest rates up to 5% next year. The last time it was that high was in 2008 which triggered the housing collapse and brought about the Great Recession.

If there is a repeat, then that gives the Republicans a huge advantage in 2024. Trump, DeSantis, Nikki Haley, Josh Hawley, etc. will all benefit politically from a moribund economy.

Today's Fed decision is bad news for the future of this country.

11 replies

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The Fed's rate hike strategy gives the Republicans a huge advantage for 2024. [View all] Yavin4 Sep 2022 OP

Not so fast . ... Lovie777 Sep 2022 #1

How so? Yavin4 Sep 2022 #3

Yep. And that's not unintentional. Every time the stock market looks like it's getting on Scrivener7 Sep 2022 #2

They know what they are doing and why and who it really benefits. They did to Clinton too. Samrob Sep 2022 #4

hence the rate hike from trump's fed pick Fullduplexxx Sep 2022 #5

The rate hike did not cause the collapse edhopper Sep 2022 #6

Thanks, Ed ProfessorGAC Sep 2022 #8

I said "triggered" not "caused" Yavin4 Sep 2022 #10

The rate was steadily increased edhopper Sep 2022 #11

Uuuuhhhhhmmmm.....I wouldn't go so far yet. Xolodno Sep 2022 #7

I think a lot depends on Ukrainian War Buckeyeblue Sep 2022 #9