Trump and his allies are crying “election interference” over the Federal Reserve’s decision to slash interest rates

After months of complaining about the crippling burden of high interest rates and expensive borrowing, Republicans for some strange reason don’t seem too happy that the Federal Reserve has moved to do something about it.

On Wednesday, the Federal Reserve announced it is cutting interest rates by half a percentage point. It’s the first cut since 2020 and a long-awaited decrease to historically high interest rates.


🗳️ Register to vote: https://vote.gov/

  • WatDabney
    link
    fedilink
    arrow-up
    93
    arrow-down
    1
    ·
    2 months ago

    Even as cynical as I am, it astonishes me that the Republicans have become entirely up-front about the fact that they don’t really give a shit about the American people and are only interested in how policy decisions affect them personally.

    It’s not just the case that they’ll institute harmful policies if they can blame the Democrats for them or oppose beneficial policies that they can’t claim credit for themselves, but that they do it openly and obviously.

    And their wholly emotion-driven supporters remain completely oblivious…

    • The Snark Urge@lemmy.world
      link
      fedilink
      English
      arrow-up
      14
      arrow-down
      2
      ·
      2 months ago

      It’s really hard to make sense of their actions if you aren’t thinking of them as literal enemies of the republic.

    • SoylentBlake@lemm.ee
      link
      fedilink
      English
      arrow-up
      1
      ·
      edit-2
      2 months ago

      Never underestimate the protestent/evangelicals ability to withstand suffering if it means people they don’t like suffer even more. Suffering is a holy act to them. They’ll happily cut off their nose to spite the face.

      There was this town I recall reading about, I’m sure it was probably dozens or hundreds of towns that all have a similar story, but this town was told they had to desegregate their public pool, in the 50s-60s when swimming at the pool was a social event and riding bicycles with cards in the spokes, building treeforts, flattening pennies on railroad tracks, necking at the drive-in, this kind of shit was all there was for kids to do, and they got told to let black people into open swim?..so the town filled the pool with concrete the next day and no one swam.

      Shit, GUN REFORM, the last major fun reform law passed in this country, BY RONALD FUCKING REAGEN was because black people started using their right to a firearm and open carry and started patrolling black neighborhoods because the police wouldn’t. And HOLY SHIT the establishment ain’t having that shit no way no how. Self sufficiency? A black neighborhood NOT plagued with crime? Then they’d build up another Black Wall Street or some shit. Down Ronny went with the ban hammer. Down Hampton went into the ground. Murdered by the authorities for wanting better - and willing to the the work himself without the “authorities”. The banality of evil, let me tell you.

      Conservatives are more than willing to gamble on attrition. They look at Stalin’s razing and salting hundreds of miles of the most fertile Russian land as a good defense strategy…instead of building more defensive structures…I. Just. Cant.

      These people all think they can drop down a few raised beds and be self sufficient, as if there’s no learning curve, or crop failures dont happen. One man with a farm is a death sentence. You need many men with many farms, not just for variety, but just to have enough cereals to get a village thru winter. One early or late freeze and crops are dead in the field, which means so are you. And y’know climate change? That’s already becoming more common. Anyone who says the climate since 2010 is same old as the 90s is lying to you and they know it. I’m in the PNW, and our weather is now California. Summers where we wouldn’t see rain for 100 days. Unprecedented. Unheard of in the twentieth century.

      All that and THEN you have to deal with wildlife. Motherfucking animals…I’ve have had a full 50’x50’ garden plus another 25ft² of raised planters for 5 years now (just at my current home, I’ve grown food for multiple decades now) and I have yet to grow enough food for 2 seasons. It’s not easy. If I see another deer destroy my fencing and eat my garden, AGAIN, next year I’m culling the entire population, idgaf.