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.
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Remember when trump lashed out at FBI directory Comey when he produced a new piece of ‘evidence’ against Hilary in October of 2016, calling it ‘election interference’?
… yeah me either.
Cloud passes in front of the sun, Trump calls ‘election interference’
Trump drops his hamburger on the floor, calls ‘election interference’
It’s Thursday, Trump calls ‘election interference’
He’s trying to destroy the meaning of the term just before him and his MAGA flying monkeys commit massive actual election interference.
What kind of weirdo gets mad when they get what they say they want?
I once worked for an idiot who was a little high strung, and who responded to anything unexpected by getting angry. This exchange actually happened:
Other employee: “Hey boss, the bank called, they made a mistake, you actually have $100 more than you thought you had.”
Boss: “WHAT THE HELL AM I SUPPOSED TO DO WITH THAT?”
A narcissist who wants to take the credit for it
Never forget that the border deal that Trump ordered senate Republicans to veto was one of the most comprehensive policy proposals in decades
The repubs complain about the border, a border bill comes up. Republicans refuse to pass it.
Mitch McConnell tables a bill.
Dems support it
Mitch McConnel fillibusters own bill
Weirdo that wanted them to do it when he’s president, so he can say he did it.
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…
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.
It’s really hard to make sense of their actions if you aren’t thinking of them as literal enemies of the republic.
and lets not forget trump harrassed the fed to drop them to zero before covid which is how we got the inflation at the end of his term.
Everyone overlooks that. It’s the only knob we have and he abused it and we paid the price.
The whole world got hit by inflation
The whole word dropped their interest rates.
Interest rates didn’t disrupt supply chains and lead to price gouging though
Republicans getting Mad when Good Things happen to the Working Class is PROOF that DEMOCRATS Hate the Working Class!
How are lower interest rates, which leads to more money in the system, which leads to more inflation, good for the working class?
When half a percent is SLASHING!!!
They usually only move the rate a quarter percent at a time, so technically this is a big drop
They had a number of 0.5% or greater increases in 2022, two drops going into the pandemic, etc.
That is quite a bit.
Bitchboi who committed election interference calls everything election interference to try and deflect…
You know what this reminds me of? A fucking six year old.
Dumbass complains that it is allegedly a political move but also wants Presidents to be able to dictate the Fed’s decisions.
Everything that happens that isn’t to his benefit is a conspiracy to make him look bad. Everything that happens to his benefit was hard-earned and well-deserved.
Fucking 80 year old baby wears diapers and people can attest to it. Smells like shit, cries, drools, no impulse control when it comes to random tits, can barely form a coherent sentence. No wonder his cabinet was a revolving door of blood relatives and his wife can’t be bothered to leave NY to visit him. Sad sad guy
It’s the opposite side of the coin of them taking credit for infrastructure improvements in their districts when they voted against that bill
They should’ve cut the rates six months ago :(
Let’s put more cash into the system that will fix inflation /s
There’s been a lot of discussion about an interest rate cut in September for the last 6 months.
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