The following article extract shows the hypocrisy of Trump
and his new GOP that I now label as CCCP (take on the Chinese Communist Party
label: CCP) now to mean CCCP: “Conservative Conspiracy Christian Party” as expressed
here from Market Watch with this headline:
“Trump
could ‘seek vengeance’ on Powell and the Fed for a September rate cut”
A September move
could be the Fed chair’s ‘Swan Song,’ according to a
former Treasury official under Trump.
Trump at a rally this week in FL accused Federal Reserve Chairman
Jerome Powell — whom he picked for the post BTW – and reportedly perceiving his
predecessor, Janet Yellen, as linked to the Barack Obama presidency, and “acting
in a political manner.”
A surprising decline in inflation
in June could lead the Federal Reserve to cut interest rates in September.
Trump and Republicans view
the possibility of such a move as a political favor to President Joe Biden –
and that could spark retaliation should Trump win in November.
Steve Pavlick, policy research head at Renaissance Macro Research says: “If Federal Reserve Chairman Jerome Powell and his fellow board members proceed with an interest-rate cut in September, expect Trump and Republican lawmakers to seek vengeance.”
My 2 Cents: First of all, I thought that Trump and the entire GOP harped in inflation as the worst ever caused by the Biden and the DEMS.
Seems
now they kind of like to keep it high in place with high interest rates, too,
at least according to Trump view of the Fed article above. Oops!!!
That’s just dandy – just what
the nation needs right now: More GOP political nonsense added to the vengeance,
chaos, and crazy political turmoil we have faced under Trump while he was in
office and now as he seeks to return there.
So I say (tongue
in cheek), thanks Mr. Trump. What a guy right Mr. and Mrs. Voter?
Seriously, I say please vote and then help get out the vote to stop this Trump-driven MAGA madness that has been thrust upon us.
Thanks for stopping by.
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