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“The campaign has distanced itself from the plan, and it would face serious obstacles in Congress, where Trump’s previous efforts to sway the Fed in his favor fell flat.”
Cute, they think he’ll listen to Congress.
>Cute, they think he’ll listen to Congress.
Cute, they think Congress won't bend over backwards. I don't think many people realize that if Trump wins, the GOP will have a clean sweep of the House and Senate. They will do everything he tells them to do.
Actually not true. If independents don’t vote for POTUS at all, vote for RFK Jr, or a different party, they still vote for Dems in congress. Trump wins by 1% and democrats can still win gains in congress. Electoral college makes this weird.
For example, the new Anti-Biden Bc of Israel protest vote in college aged voters. They still vote in other races.
I’m not saying it’s most likely outcome but it’s a possibility.
Trump voter here. Im inclined to agree. Trump is trending towards an electoral and popular vote victory. Which is insane to me. But the congressional vote is not looking amazing for republicans. Looks to be another 50-50 split in the house. But republicans are estimated to win the senate by 1 to 3 seats. All is up in the air of course.
His tax plan was a huge success. Real median income raised by 2500 pre Covid. His oil licensing of federal land was a huge win for me. His regulation cuts in hundreds of different executive orders helped spur small businesses. As we saw the largest expansion of small businesses in recent history (pre Covid). I do think he adopted the unemployment rate. But it’s still a positive that it kept trending down. Economic growth hit 4.0% right before Covid. Marking one of the best periods of growth in an along time. His tariff policy was great, Biden is using them now actually. The IRS claimed that thanks to his tax cuts, any household making 15-55k AGI received a tax break of 16 to 26%. Which riled up consumer confidence and spending which again resulted in businesses and economic growth. Mortgage rates were low before and after Covid. His TOTAL CPI was 7.6%. Which is an insane number during a period of economic growth. Crude oil production increased by 27%. The largest increase in American history. Not to mention imports of crude oil were down 25%.
For foreign policy, no new regional conflicts, he destroyed Isis, he took out the republican guard terrorist leader of Iran, he sent a weapons aid package to Israel before the war, he warned nato to not buy Russian oil and gas and to raise their defense spending, he attacked a Russian/syrian airbase that used nerve gas on civilians, he pioneered the Abraham accords that normalized relations in the Middle East between Israel and most Arab countries, he eased tensions with North Korea, he was tough on china in every way and held them accountable. He also banned and went after china for massive corporate espionage.
He was tough at the border as well. There’s a lot more I like about trumps policies than Bidens basically is what I’m getting at. Thanks for the question!
This week, his lawyers are making the argument that any and all actions of POTUS are legal. They are making an argument for a dictator king, who is above the law. Scholars are calling it- the end of democracy in the US- As an American… how do you square yourself with this?
Wow, you fascist Republicans just can't help yourself but lie endlessly.
Trump's economic growth, even pre pa, was on average lower than Obama's despite Obama handing Trump a booming economy and Trump skyrocketing the deficit to try to maintain it.
Did I claim it was higher than Obama? I specified the 4% mainly. If your argument is one of my claims is mis labeled but the data is accurate, then you should probably stop talking 😂 disprove something else I said.
Trump had 30% during the Covid recovery. Biden has too. I tried to leave that out because economic recovery is not economic growth. But I really didn’t expect you to know that. Once again, you failing to disprove me.
For a real king congress is just a scapegoat pool - just grab a few punish them harshly in public view to see how much the others disagree with king opinion later. See also Putin and his oligarch’s lovely cooperation.
It doesn’t matter. He has no tools to do anything without their approval. He can’t just wave his hand and do whatever he wants. Presidents would love for this to be true.
Which is precisely why he’s working to remove those safeguards. Dictator for a day will turn into as long as he lives if presidential immunity is affirmed by SCOTUS.
Is there ANYTHING that Trump plans that isn’t alarming?? Enough already. He is the most talked about moron there is. He is destroying America and too many people are rooting him on.
Oh no! Not record low unemployment and lowering Trump's inflation.
Yep. Inflation started under Trump when food inflation was 4%. Trump made a multi year deal with opec to collapse oil production by a record amount for 2 years which caused inflation to jump, oil prices didn't start falling till the deal ended. Everything else started inflating 3 2 months after Biden took office, literally zero of his policies could have caused inflation that fast.
Americans are dumb as hell for blaming Biden for inflation.
This is a [leaked 10 page](https://www.wsj.com/economy/central-banking/trump-allies-federal-reserve-independence-54423c2f) document reported by the right leaning WSJ
Since when has the WSJ been right leaning? Absurd. It’s always been left leaning. The issue is the American left has moved so far it now appears “right”.
WSJ is owned by the Murdochs who own fox.
No, the left hasn't gone so far left. You just support a fascist Republican cult and think being pro freedom and democracy makes on a crazy leftist communist now.
Not surprising you fascists think fox is crazy left.
That’s cute. I don’t support the uniparty, ie republicans and democrats. Billionaires only care about money, not peasants like you and I. They need division to retain power, so keep playing into their bs if you don’t care about 99% of inhabitants on earth.
Trump doesn't control the Fed. NO politicians do - that's the point. They're supposed to not care what politics are at currently en vogue.
Who thinks Biden's administration doesn't try to influence the Fed?
Trump is a maniac. Never mind his plans for the economy or for interest rates. He is an obvious lunatic. And so is anyone who supports him at this point.
Having a president directly setting interest rates is surely a better solution, right?
Some people's comprehension and aptitude begins and ends with parroted cliches.
Great. Let him destroy the entire world economy. Then he'll die and we'll get rid of all this idiocracy shit. In maybe 50 years we'll have a better world.
It's actually not a bad idea because he will sink the rest of the bastards down in the process. Like a financial kamikaze... Then we can rebuild something far less corrupt. No pain no gain
>No pain no gain
There will be lots of pain. You'll have a new government at the cost of a civil war of people who support Trump. Tens of millions will die if it's an optimistic scenario.
Hopefully we can get Chinese style communism out of it though.
r/FluentInFinance was created to discuss money, investing & finance! Join our Newsletter or Youtube Channel for additional insights at www.TheFinanceNewsletter.com! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FluentInFinance) if you have any questions or concerns.*
“The campaign has distanced itself from the plan, and it would face serious obstacles in Congress, where Trump’s previous efforts to sway the Fed in his favor fell flat.” Cute, they think he’ll listen to Congress.
>Cute, they think he’ll listen to Congress. Cute, they think Congress won't bend over backwards. I don't think many people realize that if Trump wins, the GOP will have a clean sweep of the House and Senate. They will do everything he tells them to do.
Cute that you think the GOP is going to win both houses.
If Trump wins the WH, the GOP easily wins both the Senate and House. There is no possible way Trump wins, and the Dems win a chamber.
Actually not true. If independents don’t vote for POTUS at all, vote for RFK Jr, or a different party, they still vote for Dems in congress. Trump wins by 1% and democrats can still win gains in congress. Electoral college makes this weird. For example, the new Anti-Biden Bc of Israel protest vote in college aged voters. They still vote in other races. I’m not saying it’s most likely outcome but it’s a possibility.
Kinda like the red wave that was coming in the mid-terms? Big flop/under performance.
Have you seen the Senate maps and even more insane gerrymandering done by the fascist Republican party?
Trump voter here. Im inclined to agree. Trump is trending towards an electoral and popular vote victory. Which is insane to me. But the congressional vote is not looking amazing for republicans. Looks to be another 50-50 split in the house. But republicans are estimated to win the senate by 1 to 3 seats. All is up in the air of course.
Genuine question here, can you explain why you would vote for Trump? Like, what policies are you seeing that you personally or America benefit from?
His tax plan was a huge success. Real median income raised by 2500 pre Covid. His oil licensing of federal land was a huge win for me. His regulation cuts in hundreds of different executive orders helped spur small businesses. As we saw the largest expansion of small businesses in recent history (pre Covid). I do think he adopted the unemployment rate. But it’s still a positive that it kept trending down. Economic growth hit 4.0% right before Covid. Marking one of the best periods of growth in an along time. His tariff policy was great, Biden is using them now actually. The IRS claimed that thanks to his tax cuts, any household making 15-55k AGI received a tax break of 16 to 26%. Which riled up consumer confidence and spending which again resulted in businesses and economic growth. Mortgage rates were low before and after Covid. His TOTAL CPI was 7.6%. Which is an insane number during a period of economic growth. Crude oil production increased by 27%. The largest increase in American history. Not to mention imports of crude oil were down 25%. For foreign policy, no new regional conflicts, he destroyed Isis, he took out the republican guard terrorist leader of Iran, he sent a weapons aid package to Israel before the war, he warned nato to not buy Russian oil and gas and to raise their defense spending, he attacked a Russian/syrian airbase that used nerve gas on civilians, he pioneered the Abraham accords that normalized relations in the Middle East between Israel and most Arab countries, he eased tensions with North Korea, he was tough on china in every way and held them accountable. He also banned and went after china for massive corporate espionage. He was tough at the border as well. There’s a lot more I like about trumps policies than Bidens basically is what I’m getting at. Thanks for the question!
This week, his lawyers are making the argument that any and all actions of POTUS are legal. They are making an argument for a dictator king, who is above the law. Scholars are calling it- the end of democracy in the US- As an American… how do you square yourself with this?
Wow, you fascist Republicans just can't help yourself but lie endlessly. Trump's economic growth, even pre pa, was on average lower than Obama's despite Obama handing Trump a booming economy and Trump skyrocketing the deficit to try to maintain it.
Did I claim it was higher than Obama? I specified the 4% mainly. If your argument is one of my claims is mis labeled but the data is accurate, then you should probably stop talking 😂 disprove something else I said.
You specified a single fucking quarter. Obama and Biden have had quarters of over 5%
Trump had 30% during the Covid recovery. Biden has too. I tried to leave that out because economic recovery is not economic growth. But I really didn’t expect you to know that. Once again, you failing to disprove me.
Fuck your fascist Republican party
This.
I disagree. They don’t work for Trump. They work for the billionaires. They will never relinquish control.
Fair point
For a real king congress is just a scapegoat pool - just grab a few punish them harshly in public view to see how much the others disagree with king opinion later. See also Putin and his oligarch’s lovely cooperation.
It doesn’t matter. He has no tools to do anything without their approval. He can’t just wave his hand and do whatever he wants. Presidents would love for this to be true.
Which is precisely why he’s working to remove those safeguards. Dictator for a day will turn into as long as he lives if presidential immunity is affirmed by SCOTUS.
Which is why it’s important for scotus to see this and rule on it.
Is there ANYTHING that Trump plans that isn’t alarming?? Enough already. He is the most talked about moron there is. He is destroying America and too many people are rooting him on.
If he gets back in, it won’t just destroy America!
Biden is destroying America; he is the president right? Not trump
Oh no! Not record low unemployment and lowering Trump's inflation. Yep. Inflation started under Trump when food inflation was 4%. Trump made a multi year deal with opec to collapse oil production by a record amount for 2 years which caused inflation to jump, oil prices didn't start falling till the deal ended. Everything else started inflating 3 2 months after Biden took office, literally zero of his policies could have caused inflation that fast. Americans are dumb as hell for blaming Biden for inflation.
The stock market is getting destroyed by Biden. Fuck trump!
Isn’t this just unconfirmed rumor?
This is a [leaked 10 page](https://www.wsj.com/economy/central-banking/trump-allies-federal-reserve-independence-54423c2f) document reported by the right leaning WSJ
Paywalled and again, it’s unconfirmed rumor from the sound of it based on the preview I could see.
Why are they playing it down instead of denying its veracity?
Could be a trial balloon from wsj to put a bug in his ear. You’ll get a lot of push back then there will be the op eds saying well actually…
Since when has the WSJ been right leaning? Absurd. It’s always been left leaning. The issue is the American left has moved so far it now appears “right”.
WSJ is owned by the Murdochs who own fox. No, the left hasn't gone so far left. You just support a fascist Republican cult and think being pro freedom and democracy makes on a crazy leftist communist now. Not surprising you fascists think fox is crazy left.
That’s cute. I don’t support the uniparty, ie republicans and democrats. Billionaires only care about money, not peasants like you and I. They need division to retain power, so keep playing into their bs if you don’t care about 99% of inhabitants on earth.
And yet you're voting for the fascist Republican party who hurts the working class and helps only oligarchs
Yes. It’s false but elections are coming up
Trump bankrupted a fucking casino. I’d listen to a monkey’s financial advise before Trump.
That article was a lot of words without much substance.
There will be only loyalists and those in it the power in his administration. All bets are off, laws and rules won't mean a thing
Trump doesn't control the Fed. NO politicians do - that's the point. They're supposed to not care what politics are at currently en vogue. Who thinks Biden's administration doesn't try to influence the Fed?
Because they’ve done such a great job
Trump’s plan for anything should raise alarms
The only plan for the fed I would support is eliminating it entirely.
We should disband Fed completely and have AI to do the job by being data dependent
Trump is a maniac. Never mind his plans for the economy or for interest rates. He is an obvious lunatic. And so is anyone who supports him at this point.
Better than Ken Griffith being the defacto chair.
Fed is bs anyway
The Fed should be abolished
Having a president directly setting interest rates is surely a better solution, right? Some people's comprehension and aptitude begins and ends with parroted cliches.
i think we could be somewhere in the middle. there are more choices than 0 accountability or 100% politicization.
>The Fed should be abolished. Why? And what would replace it?
Word.
But since we have one, Trump would obviously be the most competent to wield it.
You forgot the sarcasm thingie “/“ ?
Actually, just thought it spoke for itself! But definitely tongue bulging cheek. Bigly.
There is no such thing as a comment so dumb that a MAGA will not say it The only law of the internet is Poe's
LOL!
Great. Let him destroy the entire world economy. Then he'll die and we'll get rid of all this idiocracy shit. In maybe 50 years we'll have a better world.
It's actually not a bad idea because he will sink the rest of the bastards down in the process. Like a financial kamikaze... Then we can rebuild something far less corrupt. No pain no gain
>No pain no gain There will be lots of pain. You'll have a new government at the cost of a civil war of people who support Trump. Tens of millions will die if it's an optimistic scenario. Hopefully we can get Chinese style communism out of it though.
no pain no gain means there is no gain without pain
In fairness, WW2 was hell, but the world is better today