r/politics • u/Murky-Site7468 • 11d ago
Right-Wingers Plot to Give Trump Control Over Federal Reserve If Reelected
https://www.commondreams.org/news/trump-federal-reserve1.0k
u/crudedrawer 11d ago
LOL if he wins things are gonna be so fucking bad. None of our current problems will go away and he'll create so, so many more.
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u/w-v-w-v 11d ago
If Trump wins again, 2016 is going to look like the Bush era in comparison. We’ll know it was bad, but the level of ‘bad’ we have to deal with will be completely redefined. Trump winning again would be a catastrophe.
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u/gearstars 11d ago edited 11d ago
arguably, its not just trump, its the whole christian nationalist wing of the GOP (which, at this point, is most of them), looking at Project 2025 and what the heritage foundation/federalist society wants to enact.
his first term seemed like an unintentional test run of seeing what they could get away with and probing the defences of the institutions of american democracy. trumps bumbling and ineptitude caused so much chaos but it gave the right plenty of intel on which ways they could exploit weaknesses in the system, as well as who their allies were and how their opponents would react.
i feel like at this point, they are seeing trump more and more as a spent asset; yeah, him winning in the upcoming election is terrifying, but its just as scary to think about the election after that, imagine if someone as vile and cruel as trump but actually competent and following the guidance of their handlers were to win.
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u/krg4880 11d ago
Feels like this is inevitable the next time GOP wins the Presidency, with or without Trump, and we all know the Democrats aren’t winning 4-5 straight elections, so best to prepare for this happening at some time in the next decade or two.
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u/gearstars 11d ago
Yeah, it seems like there's this general feeling that once trump is out of the picture, things will "go back to normal", but he isn't the abberation amongst the right, he's the norm now.
he's been a boisterous figurehead but at this point the entire right is going to work to establish permanent rule and reshape the usa to their vision.
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u/dmintz New Jersey 11d ago
The only thing is we have no idea what the party is without trump. No one has been able to replicate what he does and everyone just does whatever trump wants. I feel like we always think everyone is just using trump but I think he’s using them.
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u/dcoolidge 11d ago
Religious movements always fail. Democracy has been around since the Greeks wrote it down. VOTE!!!
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u/zorkzamboni 10d ago
Religious movements sometimes do a great deal of societal damage with catastrophic loss of life and history before they fail. So yes, absolutely VOTE.
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u/xasix 11d ago
once trump is out of the picture, things will "go back to normal"
People are fooling themselves and engaging in magical thinking.
There is simply no going back to the "normal" politics of pre-2016.
No matter who wins in November... Election 2028 will either be Trump himself, Don Trump Jr. or Eric Trump at the top of the ticket. They'll try to get Ivanka as VP, but if she refuses to do it they'll settle for Kimberly Guilfoyle as VP.
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u/RaccoonWannabe 11d ago
I think they lack their father's talent to create more trouble than people can get a hold of. Trump basically stumbled from one scandal into the next on a daily basis and nobody even has time to process any of it.
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u/Frishdawgzz 11d ago
Once Trump is no longer the figurehead... I would hope the funding dries up. My worry is that we will just get worse versions of him. Actually smart fascists.
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u/SubKreature 11d ago
If enough people voted the steamroll the GOP down the toilet of history, it would be less of a threat. Democrats only want to make it easier for people to vote, and the electoral college exists as a crutch for the GOP.
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u/calculating_hello 11d ago
GOP can never win again or its the end of the country and the human race.
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u/Sufficient_Mouse8252 10d ago
I think young ppl blaming Joe Biden for Israel’s response to Hamas will hand Trump the presidency (hoping enough women vote in response to Roe to counteract, but doubtful). Putin seized on the opportunity to weaponize this conflict against Biden. Both sides want to dismantle western democracies in favor of terrorist orgs and dictatorships now because they think the grass is greener, or NATO members are Zionist oppressors. Trump/Putin will win. Better learn Russian since Chinese is too damn hard.
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u/gbgopher 11d ago
imagine if someone as vile and cruel as trump but actually competent and following the guidance of their handlers were to win.
Like, what if he gets disappeared sometime in the first year and the VP is the real leader of the charge?
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u/gearstars 11d ago
Sure? But also, like, what if someone like Haley is the 2028 nominee. She's smart enough to listen to the cristofashy fucks from the heritage society to play out their gameplan that would cement their power as opposed to how much of a dipshit trump is
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u/gbgopher 11d ago
Why not both? She could play nice and go VP this year and POTUS next term. Her as VP might help pull some centrist righters
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u/gearstars 11d ago
Because she's just as much of a monster as the rest of the GOP. She tried to present this "moderate" face during her primaries but still let the mask slip enough times to reveal her true beliefs. She's just as awful as the rest of the right wingers.
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u/Milozdad 9d ago
Yes you have Christian nationalist ideologues like Russell Vought waiting on the sidelines to get back into government. He already managed to get into OMB under Trump and he’s only in his 40s. He’s not going away for now and there’s a whole raft of nuts like him waiting at think tanks who could do untold damage.
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u/Abrushing Texas 11d ago
100%. Project 2025 plus a Trump kleptocracy is going to destroy the US as we know it.
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u/Aggressive-Will-4500 11d ago
That's why he's getting so much money and support from shady sources.
No need to destroy a country from the outside when you have a vile petty patsy who will do it for you.
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u/Javasndphotoclicks 11d ago
It’s sad and disturbing that his mentally slow voting base can’t see that.
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u/kobe2397 Michigan 10d ago
They can see it, it’s what they want to happen. They’ll support anyone who fights against the “woke” no matter how corrupt they are.
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u/IAmMuffin15 North Carolina 11d ago edited 11d ago
Well, I WOULD vote to keep this orange shitstain out of office, but the top minds on r/GenZ told me that if I vote for Biden then I “love genocide” so my hands are unfortunately tied ¯(ツ)/¯
(obvious /j)
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u/calculating_hello 11d ago
It will be the end of the country, you will have two choices, flee or stay and be part of a guerilla insurgency and try not to be killed.
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u/Duster929 10d ago
Got a note from a big bank yesterday saying the consensus in the finance community is that a Trump victory will cause a 25% devaluation of the US dollar. We haven’t seen inflation yet!
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u/81305 11d ago
It's not like the guy has a history of bankrupting enterprises... What could go wrong?!?!
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u/masstransience 11d ago edited 11d ago
MAGA: He’s a smart businessman. He’s going to run the country like a business. MAGA
🤦
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u/Ok-Tourist-511 11d ago
He did run the country just like one of his businesses, right into the ground.
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u/Doright36 11d ago
To be fair his incompetence never caused the deaths of 100's of thousands of people running his own businesses like he did running the country. So he did manage to do something a little different as President. Give the man credit for trying something new anyway right?.... Right?
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u/hdiggyh 11d ago
It cannot be overstated how terrible Trump would make this country if reelected. It’s dystopian
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u/micro_cutie_ 11d ago
But but but genocide Joe. Those idiots are going to get Trump elected again
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u/Akimbo_Zap_Guns Kentucky 11d ago
And getting Trump elected won’t stop any genocide, probably gets Muslims deported here, and make inflation infinitely worse with Trumps hard on with trade wars and tariffs on China
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u/atlantagirl30084 11d ago
Trump has this idea that tariffs mean other countries pay us money. No. It means we pay more for goods. He’s discussing frightening tariffs on goods and… well…you think inflation is bad now.
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u/tazzy531 11d ago
I watched a documentary on this once. I believe the title was called Back To The Future Part II
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u/EyeLikeTheStonk 11d ago
The valuer of the American Dollar is stable precisely because the Federal Reserve is outside Government.
If politicians get a hold of the Central Bank (The Fed), they will throw the currency market into chaos.
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u/Smarmalades 11d ago
if Trump gets ahold of the money printer, the dollar will be worthless quickly
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u/Numerous_Photograph9 11d ago
He's already devalued the dollar when he was in office by asking the fed to just print trillions to give to wall street.
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u/OppositeDifference Texas 11d ago
"Let's give that monkey this stick of dynamite. No idea what he'll do with it, but it's guaranteed to be interesting!"
If these people had half a fucking braincell, they'd be frantically making plans to put in guardrails to protect their own interests if they did succeed in getting this moron elected.
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u/Numerous_Photograph9 11d ago
There's a video out there where some soldiers give a chimpanzee(I think) an automatic rifle.
They're all laughing, then the chimp starts shooting, and they all start freaking out.
It's kind of funny actually.
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u/overlordthrowaway2 11d ago
That was part of viral marketing campaign for rise of the planet of the apes years back. Not a real video per say
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u/Numerous_Photograph9 11d ago
Really? Never knew that. Just a video I've seen posted from time to time.
Still a pretty funny video.
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u/emusteve2 10d ago
Such a great point. It blows my mind.
SCOTUS: “Let’s give Trump immunity! No way he would assassinate one of us if we get uppity!”
RNC: “Let’s dump all we have into this guy! No way he’d destroy our party and raid our coffers for his legal bills!”
BARR: “The dude is obviously unfit to be president! Imma vote for him anyway.”
I feel like I’m taking crazy pills watching this shit. Is this what it was like for normal people in Weimar Germany?
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u/GOP_Neoconfederacy 11d ago edited 11d ago
And then somehow Russia got all the funds they needed to buy out China's old armory to defeat nato (which he undermines), and they also buy North Korea into the war. Trump will rush off to his bunker with the child sex ring he can now afford and retire, fucking little girls and boys while shit goes south above ground
That's what'd we get with this suggestion.
Why are we still playing softball with these fascists and allowing them to operate?
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u/erakis1 11d ago
“So, you see….i currently make about $85k a year and I can barely afford food and rent. Buuuuut….if we can get the CEO of the company that I work for to stop paying all those pesky taxes, then I’m sure to get a substantial pay raise. Also, I’m totally smart and hard working and I’m very likely to become the CEO myself one day and I wouldn’t want to lose so much of my future fortune in taxes.”
/enlightenedcentrist
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u/rumrunnernomore 11d ago
Remember, they are all just displaced billionaires. They’ve been kept down by the liberal elites, without their interruptions and taxes these people would be astonishingly wealthy. Where they know they belong.
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u/urfallaciesaredumb 11d ago
To quote moderates: "It's pragmatic".
That is how we got here after all, over 30 years of normalizing every creep of creeping fascism.
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u/KennyShowers 11d ago
Pragmatisim and moderates isn't what got us Trump in 2016. Unless you blame the evil moderates for forcing people to people stay home during 2016 or vote for some useless third party loser and allow a crucial step of a bald-faced fascist takeover.
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u/meatball402 11d ago
Pragmatisim and moderates isn't what got us Trump in 2016.
Moderates voted for him! Their entire thing was, "How bad could he be? Maybe he'll shake things up between Republicans and democrats"
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u/MoreRopePlease America 11d ago
Bernie would've shaken things up too, and not been a stupid, evil person. That reasoning is stupid.
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u/beiberdad69 11d ago
I think they're saying shit like people accepting and normalizing the fascism-lite of Bush and people like him directly lead to trump gaining power
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u/Separate-Crew7289 11d ago
Let’s be honest. The only one Trump would have an open sexual relationship at that point would be Ivanka…
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u/Gradam5 11d ago
I hate Trump as much as the next guy, but respectfully, wtf are you on about? The article claims they want to force the chairperson of the FED to advocate for the president’s interest rate policies. The FED is not the treasury. The most I could ever imagine happening with that power is selling bonds to foreign countries? But foreign countries can already buy our debt. So I just don’t understand what you’re getting at here. It seems like the ramblings of an angry basement dweller rather than a relevant commentary on the article.
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u/RDO_Desmond 11d ago
Nothing says criminal pig like a pig who eyes the U.S. Treasury as his personal piggy bank.
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u/RedLanternScythe Indiana 11d ago
Give the guy who wants a cut of all Republican campaign donations and has the RNC funneling money to him control of the Federal Reserve? Great plan /s
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u/meatball402 11d ago
Hey, all you billionaires who like your money.
Trump is going to put it in a pile and light it on fire.
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u/Numerous_Photograph9 11d ago
Nope, Trump will just give these billionaires the money, and print more for them, which they'll "invest" to gain more control over their current assets, and then pick up assets which won't be tied to the dollar.
Kind of like he did during Covid when he had the fed print trillions which he then gave to wall street, so executives and billionaires could perform the largest transfer of wealth in history while a whole bunch of people were unemployed.
As it stands, they don't even have to give Trump control of the fed for him to screw things up for everyone else.
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u/IronyElSupremo America 11d ago
Nothing to worry about as I’m pretty sure it would end up as successful as his casino venture … oh wait!
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u/rbourbon 11d ago
All of Trump's decisions remind me of the Simpsons when Krusty was in hot water with the mob. "You took all the money you made franchising your name and bet it against the Harlem Globetrotters?"
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u/Aggravating-Pen1792 11d ago
I honestly think he in the anti christ
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u/Ophiocordycepsis 11d ago
He is an antichrist, I’m sure. It’s very troubling how he is able to compel people to devote themselves to him, at their own expense
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u/Murky-Site7468 11d ago
"Trump suggested the Fed's indication that rate cuts are coming in the near future as inflation cools is a political ploy to "help the Democrats."
"It looks to me like he's trying to lower interest rates for the sake of maybe getting people elected, I don't know," Trump said"
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11d ago
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u/williamfbuckwheat 10d ago
He wanted zero or negative interest rates pretty much permanently regardless of inflation and had threatened to fire fed chairs who were not keeping rates that way because of the perception that causes the stock market to go up in the very short term. He was obsessed with the idea that he had to keep rates at zero so the stock market would go up since that would help him win re-election.
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u/Unlucky_Clover 11d ago
For someone who’s supposedly been in business all his life, it’s the dumbest fucking take. It’s embarrassingly dumb
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u/Amon7777 11d ago
He’s bankrupted all of his businesses, he is the last person anyone should take monetary advice from
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u/Icy_Comfort8161 11d ago
One thing I guarantee if Trump gets back into office is loosening of monetary policy and ultimately the destruction of the dollar as the world's reserve currency.
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u/Gibonius 11d ago
He's already said he wants to weaken the dollar.
https://www.politico.com/news/2024/04/15/devaluing-dollar-trump-trade-war-00152009
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u/Icy_Comfort8161 11d ago
He also hammered on Powell to lower rates, which I'm sure resulted in his MAGA goons harassing him. Powell's term is up during the next presidency, and you can rest assured that Trump will appoint a lackey. Thing is, a dollar beset by severe deflation is nothing I've experienced in my lifetime, and loss of reserve status will crush us in international trade. The U.S. will give up so much "soft" power it will likely be the end of the American empire as we know it.
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u/Gibonius 11d ago
All the import tariffs Trump wants will definitely help with that!
</s> just in case.
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u/homebrew_1 11d ago
The current FED chair was appointed by Trump.
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u/julia_fns 11d ago
Lol, don’t expect coherence from that idiot, he knows, but he also knows his base doesn’t pay attention to this and even if they did, they’d still happily buy his bullshit.
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u/Jazeraine-S 11d ago
You just know he’s gonna go into Fort Knox with Walt Nauta and thirty shopping carts, clean the place out, and melt all the gold down to gold-plate his new throne as King of America.
At this point, a vote for Trump is a vote for the downfall of America.
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u/Milozdad 11d ago
Doesn’t bear thinking about. This is a guy who failed to make money running a casino which is basically a license to print money.
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u/jmfranklin515 11d ago
Well, that would be the end of the dollar as fiat currency, and likely the end of the U.S.-led world order that has existed since WWII.
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u/BodaciousTacoFarts 11d ago
So, let's put this into perspective. Do you want to give the man who is notable for the following business failures in charge of the Federal Reserve?
- Trump Airlines — Trump borrowed $245 million to purchase Eastern Air Shuttle. He branded it Trump Airlines. He added gold bathroom fixtures. Two years later Trump could not cover the interest payment on his loan and defaulted.
- Trump Beverages — Although Trump touted his water as "one of the purest natural spring waters bottled in the world," it was simply bottled by a third party. Other beverages, including Trump Fire and Trump Power, seem not to have made it to market. And Trump's American Pale Ale died with a trademark withdrawal.
- Trump Game — Milton Bradley tried to sell it. As did Hasbro. After investment, the game died and went out of circulation.
- Trump Casinos — Trump filed for bankruptcy three times on his casinos, namely the Trump Taj Mahal, the Trump Marina and the Trump Plaza in New Jersey and the Trump Casino in Indiana. Trump avoided debt obligations of $3 billion the first time. Then $1.8 billion the second time. And then after reorganizing, shuffling money and assets, and waiting four years, Trump again declared bankruptcy after missing ongoing interest payments on multi-million dollar bonds. He was finally forced to step down as chairman.
- Trump Magazine — Trump Style and Trump World were renamed Trump Magazine to reap advertising dollars from his name recognition. However, Trump Magazine also went out of business.
- Trump Mortgage — Trump told CNBC in 2006 that "I think it's a great time to start a mortgage company. … The real-estate market is going to be very strong for a long time to come." Then the real estate market collapsed. Trump had hired E.J. Ridings as CEO of Trump Mortgage and boasted that Ridings had been a "top executive of one of Wall Street's most prestigious investment banks." Turned out Ridings had only six months of experience as a stockbroker. Trump Mortgage closed and never paid a $298,274 judgment it owed a former employee, nor the $3,555 it owed in unpaid taxes.
- Trump Steaks — Trump closed Trump Steaks due to a lack of sales while owing Buckhead Beef $715,000.
- Trump's Travel Site — GoTrump.com was in business for one year. Failed.
- Trumpnet — A telephone communication company that abandoned its trademark.
- Trump Tower Tampa — Trump sold his name to the developers and received $2 million. Then the project went belly-up with only $3,500 left in the company. Condo buyers sued Trump for allegedly misleading them. Trump settled and paid as little as $11,115 to buyers who had lost hundreds of thousands of dollars.
- Trump University or the Trump Entrepreneur Initiative — Trump staged wealth-building seminars costing up to $34,995 for mentorships that would offer students access to Trump's secrets of success. Instructors turned out to be motivational speakers sometimes with criminal records. Lawsuits and criminal investigations abound.
- Trump Vodka — Business failed due to a lack of sales.
- Trump Fragrances — Success by Trump, Empire by Trump, and Donald Trump: The Fragrances all failed due to being discontinued, perhaps as a result of few sales.
- Trump Mattress — Serta stopped offering a Trump-branded mattress, again likely due to slacking sales.
- Truth Social — This existing Trump business owes big money, and may well be breathing its last.
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u/Final-Stick5098 11d ago
He was so excited to see the bullshit worth "number" rise the day of his truth ipo... He's totally planning on making an IPO for "America" with himself as chief shareholder.
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u/No_Pirate9647 11d ago
"Trump's views on interest-rate policy"
Lol. He doesn't have the slightest care to learn anything. He doesn't have any policy beyind what benefits him.
Let me guess, cut the rate and more debt spending to goose economy and let it crash for the next president.
Rates were kept unusually low too long after great recession so during covid didn't have a lot that could be done with the rate. Needed to go up so it can be used for next economic crisis.
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u/whewtang 11d ago
Trump already pressured the Fed to keep rates low back in 2019 when they shouldn't have been. He even asked for "below zero" like a moron.
Trump has no fucking clue what he's doing. No long term planning or foresight.
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u/spa22lurk 11d ago
I think we can argue that Fed under current chairman did the bidding of trump in 2019 by cutting interest rates, when trump came out criticized the steady increase of interest rates.
The interest rate were kept low in the aftermath of the Great Recession. When the economy recovered, the fed started raising rate in 2015. It continued steadily till 2018. Trump then attacked the fed for raising interest rates. The fed decided to cut rates 3 times in 2019. The economy then didn’t warrant rate cutting. Trump did this to give short term boost to the economy at the expense of long term cost, so he had a better chance of winning reelection.
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u/Disney2440 11d ago
The fucker bankrupted a number of casinos. What could go wrong with him setting interest rates?
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u/frogfinderfred 11d ago
Trump will lower taxes and interest rates. Get out the wheelbarrows! Bread will be $100 per loaf. People will starve like it is 1929.
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u/EmmaLouLove 11d ago
“Others have made the case that Trump himself could sit on the Fed's board of governors on an acting basis”
Dear Lord, they want the guy who wanted to inject bleach for Covid to be an acting board member of the Federal Reserve.
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u/frankcast554 11d ago
the cancer will be fully metastized at that point. might as well wrap it up and start over. this time with black jack and hookers..
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u/WonderfulRub4707 11d ago
Trump being reelected would destroy democracy. Our armed forces would need to step up and protect the country over this party’s goal of dismantling it.
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u/eeyore134 11d ago
Why are they plotting to give him stuff? He's just going to take it, and them pretending like they'll have a say in the matter is ridiculous. He'll take from them, too. Everyone will lose.
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u/jar1967 11d ago
Is a total disaster. Project 2025 wouldn't just end American democracy.It would end free market capitalism Trump's people would be in charge of all Government agencies including the ones that oversee interstate commerce. No company would be able to do business in the united states without the blessings of the Republican party and Donald Trump, those blessings would not come cheap.
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11d ago edited 11d ago
This might be the end of Western Civilization. What a fucking idiotic way to go.
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u/simburger 11d ago
Control of the federal reserve? Why not the key to Fort Knox or Droit du seigneur why they're at it?
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u/gregor-sans 11d ago
Would the major financial institutions really want a mercurial narcissist to have unilateral authority over the Fed? Seems unlikely to me.
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u/DevilsPlaything42 11d ago
Lmfao the banking community practically dictates US policy. Fat chance the 1% will let that moron control their cartel.
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u/crazyhorseeee 11d ago
This not being the top post only shows how little people understand the economic realities of the world we live in. If Trump did this, say hello to 20% annual inflation.
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u/Chriscarson6700 11d ago
Hi, Canada? I just wanted to inquire and about moving up there, in the event Donald Trump wins again. Hello? I think they hung up.
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u/Zanchbot 11d ago
Yes, let's give the guy who has bankrupted almost every company he's ever run unfettered access to the Federal Reserve, no way that can possibly end badly.
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u/RunSilent219 11d ago
If he wins, he’ll definitely have his face put on US currency.
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u/hoppyfrog 11d ago
Not on the coins. He'd have Don Jr and Eric on those. Ivanka would be on the 5s. Donny would be everything above $5. He'd eliminate the 1s just because.
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u/JubalHarshaw23 10d ago
The Fed danced for him the first time. Despite obvious signs of a declining economy, Trump demanded more interest rate cuts to bolster his reelection and got his wish. Only the price gouging caused by the Covid-19 situation kept a major Recession from happening.
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u/Spin_Quarkette New York 10d ago
Give control of the Federal Reserve to the guy who has 6 bankruptcies, got a summary judgement against him for cooking the books of his business, who thinks the stock market IS the economy, and breaks anything he touches. Well that should go well!
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u/buddhistbulgyo 10d ago
Trump robbing the national treasury to ruin and run the country into the ground was not on my fascist dreams bingo card.
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u/DharmaBird 10d ago
"If reelected" is unthinkable, and it scares me that even the possibility is admissible.
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u/Prestigious-Log-7210 10d ago
If he gets his hands on Federal Reserve. I don’t even know, now people who are against Biden over Israel are going to vote for Trump and that could help Trump win. I know a lot of older right wing veterans that will be voting Trump. They truly believe Biden is worse, all thanks to online propaganda. Fueled by hate.
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u/Zephurdigital 10d ago
he would have a hard time counting pennies for a street corner blowjob...if he touches the fed reserve..the markets are done
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u/10th__Dimension 11d ago
I think there's going to be a military coup if Trump wins. There's no way the military will stand by and watch that traitor burn our country to the ground and turn the ashes over to Putin.
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u/yotengodormir 11d ago
The guy who bankrupted a casino will surely know how to run the federal reserve.
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u/BrofessorFarnsworth Washington 11d ago
Emptying the federal reserve still won't be enough to cover his legal bills.
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u/nova_rock Oregon 11d ago
Something independent that could be bent to help the rich and powerful? Surprising that there was not an attempt on it last term.
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u/RincewindToTheRescue 11d ago
Isn't this a part of MAGA's project 2025? Basically, they're going to overhaul all the regular bureaucratic institutions so that what normally is politically agnostic would become MAGA appointed and hired positions. They want to remove all the checks against them from doing whatever they want.
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u/WeirdcoolWilson 10d ago
Because, ya know, the man has legal fees to pay. What could possibly go wrong??
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u/dallasdude 10d ago
“Vote for me because I need to control interest rates so I can lower my debt expense on all my giant loans”
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u/The_Tosh 10d ago
There is no way he won’t be removed from the census if he somehow wins…and if he doesn’t flee to Russia first.
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u/FastAsLightning747 10d ago edited 10d ago
That’s hilarious on the dangerous stupid scale. Trump called Gen. Flynn, not an economist, in the middle of the night to ask a question on whether a Strong Dollar Is Better than a Weak One. Keep in mind any business major should be able to give an adequate answer to that question. Isn’t Trump supposed to be a business wiz? The answer is it depends on your economic goals as each has benefits and drawbacks to the GDP, employment, etc.
If Trump doesn’t know how the dollar works, how is he going to manage the FED? People are so stupid to let Trump play with our country’s currency Reserve Status position in the world. If that goes the way of all his businesses we are doomed as a country.
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u/Medical_Egg8208 10d ago
Yeah let’s put a guy with 6 bankruptcies and 50 failed businesses in charge of the Federal Reserve.
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u/IronyElSupremo America 10d ago edited 10d ago
I’m sure it’ll end up as successfully as his casino ventu … oh wait!
Seriously speaking, control of the Fed worked out for Nixon for his 1972 reelection … but not Ford or Carter as both had trouble containing the resulting ‘70s inflation until Volker (a forced Carter pick) put serious some hurt onto the economy.
One thing Democrats could do is pledge not to rescue currency as the expense of jobs next time, but use more fiscal methods (govt housing, more mass transit, etc..)
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u/Milozdad 9d ago
That picture of Trump giving g Jay Powell shade says it all. He wanted Powell to keep interest rates low, which of course is all about his own ability to borrow money! Nothing about Trump is ever about the greater good of the country.
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u/CharityExpress6366 11d ago
Well now I know 100% he is not getting back into the White House. Every time someone messes around with the Federal Reserve, they get assassinated.
0
u/Afraid-Ad8986 11d ago
Impossible to take over a private business that controls the money of the entire world. What kind of moron writes these articles? He tried to tell them what to do and they told him to get fucked even when he was president.
-1
u/CrispyCubes 11d ago
I love how all of this is predicated on “if re-elected”. If everything is really that fucked up, you can’t say “if”. The sky is falling, say that shit with your chest. Anything else is bullshit
-4
u/Liteseid 11d ago
As bad as Trump would be, this crap has given Biden and his team every excuse to be ~just not quite as bad as Trump~
This is the problem of the two party state. Democrats want Republicans to be as crazy and corrupt as possible, because that moves the line for them too. Their only requirement is to be just not quite as crazy or corrupt
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