Another controversy awaits.

INFLATION IS CAUSED BY THE FEDERAL RESERVE BOARD PRINTING $$$$$$$$$$$$$$$$$$ LIKE THERE IS NO TOMORROW.

SHOW ME THAT INFLATION WAS PRESENT BEFORE ITS CREATION


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Why do you think all bold, all cap posts lend credibility to your posts?

Are you Trump?

The Fed is not perfect. Granted. However, before the Fed, economic recessions and depressions were more frequent, deeper, and longer lasting.

As for printing money, the Fed has to bail out sclerotic failed banks, dontcha know.

The Fed also has to print stimulus money when a pandemic is badly bungled by an idiot, dontcha know.

That's why we had the recent inflation. Both administrations printed trillions of dollars of stimulus cash at the exact same time our supply chains froze up.

Too much money chasing too few goods. Classic.
 
FDR tried to replace those on SCOTUS, something the Left celebrates today and talks about doing again.
No, FDR tried to increase the court from 6 members to 9. He was defeated in this attempt.

That some Democrats wanted to do the same under Biden was just as stupid a benchmark as Trump trying to replace the Fed chair.

However, the movement to add justices went nowhere. Biden wisely ignored them.

Trump and the MAGA herd are not wise. Not even close.


Trump is just trying to replace the head of the Fed, something I don't think is comparable.

But the whole argument of the President having such power over the economy through the Fed seems like an argument to end the Fed.

What am I missing?
Do you know what would happen if our populist politicians were allowed to get their hands on the money printing machine?

You think the Fed is bad?

We'd have instant hyperinflation.
 
Inflation results in low unemployment, which is exactly why the idiots in Congress and the White House would be unable to resist cranking the money printing machine to the max.

Just look how both parties behaved during the pandemic. Trillions upon trillions of stimulus.

And what did we get?

Rampant inflation.

The Fed grossly miscalculated the effects of all that political money printing and acted too late to raise interest rates, and that is how it got away from them.
 
No, FDR tried to increase the court from 6 members to 9. He was defeated in this attempt.
Leftists constantly pull shit from their ass and call it information.The SC was already at 9 Justices when FDR took office. Stop being so dishonest.

Largely seen as a political ploy to change the court for favorable rulings on New Deal legislation, the Judicial Procedures Reform Bill of 1937, commonly referred to as the “court-packing plan,” was Roosevelt’s attempt to appoint up to six additional justices to the Supreme Court for every justice older than 70 years, 6 months, who had served 10 years or more.

 
Leftists constantly pull shit from their ass and call it information.The SC was already at 9 Justices when FDR took office. Stop being so dishonest.
Sorry, I made an honest mistake. Thanks for pointing that out.

What FDR tried to do was add a new justice every time one of the sitting justices reached the age of 70, raising the number of justices as high as 15 members.
 
As long as Nazi Barbie lets up on the TSA liquids rule, the Trump Administration won't be a complete failure.

BTW lowering fed rates is more about keeping the debt within the limit IMHO. Banks are going to do what the banks are going to do independent of that.
 

Trump ‘likely’ will fire Fed Chair Powell ‘soon,’ White House official says​

President Donald Trump told a room full of Republican lawmakers that he will fire Federal Reserve Chair Jerome Powell, after receiving approval from them to make the move, a senior White House official told CNBC.

Amid repeated denials from administration officials and high-ranking Republicans, the exchange came Tuesday evening in the Oval Office, following Republicans blocking a vote on cryptocurrency legislation that Trump has favored.

“The President asked lawmakers how they felt about firing the Fed Chair. They expressed approval for firing him. The President indicated he likely will soon,” said the official, who spoke on the condition of anonymity to speak candidly on the issue.


Powell has moved to try to defuse one of the pretenses trump may use.

Powell asks inspector general to review $2.5 billion renovation after Trump blasts Fed project​


Everyone knows this isn't about renovations. It's about the Fed holding rates steady before the evidence of whether tariffs are causing inflation is in. Don wants cuts now to boost the economy for political reasons as his government falters and fails in so many other areas.
What authority allows Trump to fire Powell?
 
Sorry, I made an honest mistake. Thanks for pointing that out.
You made it up, like leftists make up shit all over this forum.

It was not honest. You pulled a number out of your ass and ran with it to make FDR sound more in line with democracy.

"We have 9 Justices now, FDR only had 6 and was just ahead of his time."
 
Everyone knows this isn't about renovations. It's about the Fed holding rates steady before the evidence of whether tariffs are causing inflation is in. Don wants cuts now to boost the economy for political reasons as his government falters and fails in so many other areas.
"as his government falters and fails" LOL. Dude, we had a surplus for the first time in 20 years. Inflation is under 3% ( in case you forgot, 9% under your vegetable).
 
You made it up, like leftists make up shit all over this forum.
It was an honest mistake for which I thanked you for pointing out. It was stupid of me to forget there are 9 justices. I was not trying to pull a fast one.

Don't be such an ungracious prick about it.

The point was FDR tried to pack the court and failed. When there was another recent movement to pack the court, Biden had the wisdom to ignore them.

Trump doesn't care about setting unwise precedents. He does not think things through and the long term effects his benchmark would create.

If the Republican Congress backs his plan, they will live to regret it when it comes back and ***** slaps them in the face.
 
Don't be such an ungracious prick about it.
I didn't lie like you just did again. The prick is 100% you.
Trump doesn't care about setting unwise precedents.
Oh, you mean like pushing to prosecute your political opponent? Having the special prosecutor of Fulton County over to the WH to discuss his case against Biden's political opponent for 24 billable hours?

What do you think they talked about?

Or signing all your 4,245 history making pardons and commutations, including blanket ones, except the one you made for your son, with an autopen?

How much moola did Pedo Joe and the DNC take in for all that auto penning?
 
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Powell should be fired. Too many of his decisions appear to be politically motivated during the failed Biden regime.
The Fed is notoriously data dependent. Did it arguably contribute to inflation after the pandemic declined by keeping rates low for too long? Yes. But there is absolutely no evidence of decisions that were politically motivated.
 
Democrats have no concept of debt and that includes Powell.
Can you hear yourself? Repubs just passed a bill that will add $3T to the deficit due to tax cuts during a fairly strong economy.
 
Since he is economically illiterate, Trump doesn't understand that dropping interest rates while inflation is not yet under control is a bad idea. Even more so when we're not sure of the inflationary effects that his insane tariff "strategy" will have. Any relatively informed, intelligent adult knows this.

Worse, he has surrounded him self with craven sycophants who won't tell him that.

Then we wonder why people start looking for alternatives to capitalism. It's not capitalism that is the problem, it's the fools who are managing it.
The regime desperately needs someone with enough standing to tell Orange Grampa the truth. Currently, there is no one.

I got the feeling Ivanka tried doing it occasionally during trump 1.0 but he even shut her out eventually.
 
15th post
Sorry, I made an honest mistake. Thanks for pointing that out.

What FDR tried to do was add a new justice every time one of the sitting justices reached the age of 70, raising the number of justices as high as 15 members.
He largely wanted to get a more favorable court to pass some of his unconstitutional orders and it was a blatant power grab attempt. Even democrats saw through this farce and it was shot down.
 
Can you hear yourself? Repubs just passed a bill that will add $3T to the deficit due to tax cuts during a fairly strong economy.
Do you realize we ran a surplus last month? And the CBO has no interest in being honest about economic growth that come from tax cuts. Their numbers almost never add up.
 
what is demofks plans for working class people? name one
Let's seeeee...

Reducing the vast income disparity which is robbing the lower and middle classes who do all the heavy lifting.

Reducing prescription drug costs.

Passing gun safety laws which a vast majority of Americans, including Second Amendment supporters, favor.

Correcting the tax system which favors the wealthy.

Reform our badly broken immigration system.

Investing in infrastructure. Already begun with Biden. Trump failed to keep that promise.

Onshore chip manufacturing, also begun under Biden.

Invest in building factories. Already begun under Biden.

Investing in R&D.

Ending the abuses of student loan servicers.

I could go on.

Hope this helps.
 

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