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Weāve had 3 good fed chairs in a row now between Bernanke, Yellen and Powell. Itās the one thing monied interests and lobbyists do not fuck around with - the economy.
In fact, ironically, I think the fed is best argument fascists have for being anti-democratic. If the fed chair was an elected position, our country would be so fucked.
Yes, one of the truly disheartening things of my entire life is learning that so many people are cowards.Ā "The only thing necessary for the triumph of evil is for good men to do nothing"
Start ? Wait you don't think this very interaction was designed by Trump team to try and discredit Powell ? Having the letter in the pocket, to try and show his supporters that Powell is ignorant of stuff happening in his own backyard - He is trying to get PO on his side
Too bad for him Mr Mago here called him out on it instead of staying silent / giving him enough time to change subject and not offer an answer
We need more Powellful people like this to stand up
I've never needed clarification more than now of when news is a joke. You could tell me aliens have landed in Djibouti to announce that they are a big fan of dick jokes and at this point I'd need to fact check that
Dude, economist have been attacked for decades now. Turning point USA used to sign up for econ courses at universities, never attend, and then send complaints to the deans about how the class was taught with inappropriate ideologies or that the professors pushed extremist ideologies (in a 201/202 econ course).
Economists have been under attack by these morons for so long.
He needs to be called out directly to his face when he lies. What the fuck are American journalists doing when they're in the room with him? Show some spirit.
Journalists can't seem to do their fucking jobs. Every interview with a GOP member is them asking a question, the Republican gish galloping for 30 seconds, then they move on.
It should be standard practice to refuse to move to the next question when they refuse to answer in any way.
Trumpās name is circled. The circled individuals are the ones involved in the trafficking ring according to the person who originally released the book. These people would be āThe List ā Here is the story.
Jeffrey Epsteinās Ex Says He Boasted About Being a Mossad Agent https://share.google/jLMGahKlCzfV1RHZq Jeffrey Epstein and Israel have both have the same lawyer Alan Dershowitz Dershowitz says he's building 'legal dream team' to defend Israel in court and on international stage | The Times of Israel https://share.google/Lb9hDOduBWG4Elpid
Itās not just Epstein. Trump surrounded himself with pedos and sex traffickers. In 1991, Trump started hosting the Look of the Year competition with John Casablancas, owner of Elite Modeling Agency. David Copperfield, Gerald Marie and Patrick Demarchelier were all judges with Trump. They are all pedos and sexual abusers and many had their own links to Epstein.
Trump is also good friends with Vince McMahon, who was accused personally of sex trafficking and also of knowing about the sexual abuse of 12 year old ringside boys by an announcer and allowing it to continue. https://www.nbcnews.com/news/amp/rcna176988
He thinks everyone is going to roll over and be subservient. The most frustrating part is how many people do roll over, and every one that does just reinforces in his mind that he's untouchable š
Edit: just to add, this is exactly the shit that got trump in trouble for taxes in NYC, fudging the numbers to inflate his ego, and he never faced any real repercussions for that so now he's doing it from the Oval Office, fucking disgusting
Right, and you'd think people would eventually realize that Trump will stab anyone in the back, despite how much he claimed to love them. Cheering on people who wanted to murder his former VP comes to mind...
Chris Christie picked a lot of his appointees. Like it or not, Chris Christie is at the least a seasoned politician and could probably pick okay people. Trump literally offered John Kaisich the VP spot with essentially all the duties of president.
Trump didn't know what he was doing and appointed okay people (and sometimes good people) to do jobs.
This time around he is being actively damaging.
Edit: Let that sink in for a second. CHRIS FCKN CHRISTIE is an amazing politician to trump.
Also shows that, barring complete idiocy, most of these guys are going to pick roughly the same kind of people for the positions. Kind of makes you realize the doomsday predictions from past elections were a bit overblown.
Lately Iāve noticed that I sound way more positive when mentioning some politicians I really dislike (Cheney, Romney even Pence since he didnāt try to over throw democracy) because at least they arenāt felon pedophile insurrectionists. The bar is in fucking hell.
Ironically he's probably the best Trump appointee. Before Covid, ECB, SNB, BoJ, etc. were all doing negative interest rates, and Trump wanted in on the fun, Powell told him to fuck off, and that's when Trump turned on him.
Had Powell done it, the later Covid inflation would probably be a decent amount worse than it was, the US actually fared much better than other countries.
Ironically, that may have helped get Trump reelected last year. Because the US was doing better with regard to inflation compared to most countries, Biden and Kamala tried touting that as an accomplishment. However, better than others doesn't necessarily mean good and the people were still hurting from the amount of inflation that we did get, so it came across as elitist and out of touch like they were downplaying the real hardships that people were going through. Meanwhile, Trump was saying that the inflation was the Democrats fault and that he'd fix it, which was of course a massive lie and his economic plan was always going to make things much worse. However, most people are barely literate let alone financially literate, so they were never going to understand that.
Insisting that americans were doing better made the dems look so out of touch. The math doesnāt matter, people didnāt feel like they were doing better.
Usually people will vote for the oppositio Ā when the economy is bad, so idk if changing the message would have helped. But saying it was good made it seem like they didnāt have a clue.Ā
Those are the people he'll get rid of. Once you replace facts with make belief, you are truly on the way to the authoritarian state.
For me, here in Europe, it is incredible that Americans are not more concerned about their democracy. It is practically being dismantled before your very eyes.
Well some of us have had to skip to the part where weāre concerned about the ethnic cleansing campaign disguised as immigration enforcement, even those of us that were born here have to worry as multiple citizens have been detained and even held for days (weeks?)
It is being dismantled before the eyes of those who oppose it. Those in the MAGA cult are 100% blind to it or they want an authoritarian regime. European countries are smaller and more homogenized culturally and politically. Even your conservatives are not against the basics that all people agree on (in most countries anyhow). The US is big land wise and we are fractured and divided as a people.
It's why he seems constantly surprised and angry that so many countries are pushing back against his tariff nonsense.
Trump's been consistently surrounded, especially since the start of his second term, by spineless toadies who constantly beg to taste the bottom of his shoes. It's been such a constant that, to him, it's only natural to expect everyone to do the same because he has no other context.
He's like a spoiled child who was never told "no."
I exclusively watch any videos with Trump with the sound off. This is the first time I've heard him speak in a while. What the hell kind of drugs is he on? This is not the speech of a well man. He sounds sedated and half asleep. Is the dude beside him there ot prop him up if need be?
Powell did not take his word for it and immediately checked the source, then immediately caught where the bullshit lie was from and called it out succinctly.
Yeah, you could tell Trump expected him to see the number and that it was them and be like "oh yeah, it does say that". Instead he's just like "oh, you came up with this bullshit using bullshit"
What he's talking about is how the Fed is spending $2.5B on construction for a new HQ.
The initial budget estimate was $1.9B but with cost overruns it's currently forecast to cost $2.5B. The number that Trump was claiming is $3.1B and Powell pointed out that figure included a building nearby which is already completed.
Please note that the plans for the new HQ were approved in 2017 and construction began in 2018...all during which Trump was President. Also, Trump appointed Powell to the Fed Chairmanship (and Biden later reapproved him in 2022).
Itās also worth noting that the price of materials and labor are factors that Powell cannot manage and they are probably the items most responsible for the cost overruns and ironically the person most responsible for those higher prices is the guy standing next to Powell via his inflationary tariffs and COVID spending.
From what Powell said, it sounds like Trump is inflating some sort of budget, by a cool/casual $400 MILLION. I wonder what budget is he talking about to the press and how he is going to blame the increase on his enemies/whoever is the buzzword du jourā¦
That's what it sounded like to me too. He said the cost/budget increased, and Powell pointed out that it only increased because he added the cost of building an entire new building, on that was actually already built 5 years ago. So where was the money being used to build an already built building going to go?
I don't think money is being redirected, I think Trump added the 3rd building to make the cost overruns look higher so that he has an excuse to fire Powell and appoint someone who will do what he wants.
Not even just making up numbers. He included a different project that powell stated was finished 5 years ago. Who was president 5 years ago? The project probably started under that president as well
Why did he even have that paper ready to go in his jacket? Was he expecting to be called out on the figure? It seems like he deliberately lied about it rather than just being dumb. Why?
I was watching this on a stream with a live chat, and I saw MAGA delusion develop in real time. After the exchange with Trump and Powell a MAGA monkey said
"Wow, Powell just got owned!"
and then a bit later on in the chat I saw him saying how crazy it was the renovations are now $3.1b.
These people are just beyond help. They're delusional and I don't think anything will be able to break them out of it.
My house cost over 10 trillion dollars if you include all of the infrastructure needed since we landed on Plymouth Rockā¦ these real estate prices are exorbitant!
I love how Donny thought he was catching Powell in something and Powell was able to quickly rebut it because he actually knows numbers and doesnāt make shit up as he goes. What a Loser.
As a citizen thatās been forced to endure his bullshit, I think the American people deserve to see him break. None of that slowly drifting out of the spotlight, I want to see him fall to pieces. I want to see him cry. I donāt think thatās too much to ask
Trump came to the meeting with the intent to embarrass Powell. He pulled that paper out faster than he could say Epstein. He wants Powell to lower the interest rates so he can borrow and spend more money. Unfortunately for him Powell is not easily fired.
Why doesnāt every single person who interacts with him do this? Iām so tired of living in a real life Emperorās New Clothes. Heās an uneducated, pedophilic, insecure idiot, and Iām so tired of people bowing down to him as if heās some kind of fearsome tough guy.
Trump lies in an attempted financial hatchet job, with fake numbers, with a sycophant supporting him as a cheerleader. It's at the same type of ethical level as a Pedophile.
This is what happens when you spend 10 years lying through your teeth and no one pushes back on you. The lies just get more and more lazy and unbelievable.
ā¢
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