Joe Ferguson forever
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Posts posted by Joe Ferguson forever
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3 minutes ago, JDHillFan said:
0-for-at least a baker’s dozen times.
What no nazi trail reference or anti Zionist racist comment? Debate is not your thing.
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1 minute ago, JDHillFan said:
0-for-at least a dozen times. Don’t feel bad. Most on the far left suffer the same malady.
yes, unlike R pols, we don't play down for the audience.
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9 hours ago, BillStime said:
We already know.
Is there a mercy rule in debate? It's like dunking the pretzel logic in a cold stella...
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1 hour ago, sherpa said:
I have a quite clear idea of the Fed, its composition and how it works, and I follow the actions closely, and have since Volcker through Greenspan and to the present.
There is no clarity if a president could fire a Fed Chairman but such a move, if done for the sole reason of a policy disagreement would be idiotic.
The bond market would have a seizure, and the stock market would likely follow suit.
The turmoil would negate any perceived benefit, and like it or not, while the Fed has control over a few interest rates, the bond market is supply and demand, as is the mortgage market.
All of these hypotheticals about what Trump would do, like fire a Fed Chairman over nothing other than a policy dispute, pull us out of NATO, and attack Iran during his last term are not worth wasting time on.
If he were to get re-elected the discussions would be intense, but he says a lot of things that never come about, because in my view he is an unusually undisciplined speaker. His views on what Fed policy should have been during those times, which had some very unusual circumstances don't interest me, and again, the president has entirely different motivations that inform his views on Fed policy that the actual Fed three mandates.
Either way, I won't vote for him because of his chaotic and confrontational style, but I do play close attention to the fixed income world and behave accordingly, as I have since the 80's.
I understand and acknowledge...
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11 hours ago, SoCal Deek said:
You’re a clown! You literally have no idea what you’re talking about or why you’re talking about it.
ya know. I've tried to be funny at least a dozen times. The exaggeration remark was meant to be funny but went unappreciated. I'll try and do better...
11 hours ago, Doc said:It's what they've been told. But again, it's not a cult...
who tells us what? you mean like professors at liberal universities. Yes, "we" sit at the political science hero's feet in coffee shops and pubs absorbing every word without question or analysis...
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2 minutes ago, SoCal Deek said:
You are not making any sense at all. Increase or decrease…in case you haven’t noticed Trump is NOT the President right now. Why you’re going back and examining fiscal policy after so much time has passed and we’ve lived through an international pandemic is anyone’s guess. Once again, just more Get Trump BS in the middle of a Bidenomics thread. You REALLY have to move on!
Nice. Fold that really bad hand you tried to play. Better put, played so badly. It was embarrassing even for me. But Sherpa did himself proud.
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1 hour ago, sherpa said:
I've never exaggerated about anything, and I recall not one single instance where you claimed that, let alone "a million."
I'd be glad to respond if such a thing exists.
No chance Trump ever would be successful in firing him, nor would such a strategy work as the rest of the group recommended the same raise.
The claim is idiotic, similar to the claim made here that he was going to pull us out of NATO.
Simply crazy, and not supported by existing law or treaty.
"he Fed has its mandates, which are different, and some times at odds, for the billionth time."
This was from my first linked CNBC article: "But the central bank’s leaders did not vote unanimously for the cut: Three Fed regional presidents voted against the move, two of whom have said they preferred to keep the funds rate unchanged.". And the first post was about a rate decrease, for the trillionth time for goodness sake. trump didn't't think they decreased it enough. wanted the rate at zero "or below..."
And I'm still wondering how you and cali dude3 messed up a post about a rate decrease rather than a rate increase. Kinda makes one question YOUR expertise here.
Oh and there's this from the Brookings institution:
"The statute says nothing, however, about whether the President can “fire” the Board chair, effectively demoting him to being just one of the other governors. Other presidents have concluded that they lacked that authority, and there is good reason to think they were right. But we just don’t know: it’s legally uncertain."
But you're quite certain of it. hmmm, who do I think knows more about the subject. Let me think....
https://www.brookings.edu/articles/what-happens-if-trump-tries-to-fire-fed-chair-jerome-powell/
Here's the author of the piece. Care to compare your credentials to his?
https://lgst.wharton.upenn.edu/profile/petercb/
But you do0n't want to discuss it. So let's leave it right here.
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13 minutes ago, sherpa said:
I'm not interested in talking to you about this.
The dynamic has been in effect for decades.
The president always wants lower rates, more liquidity, a happy market etc.
The Fed has its mandates, which are different, and some times at odds, for the billionth time.
Understand that; acknowledge that or go away.
not going anywhere. trump threatened to fire powell and publicly pressured him. Both were unprecedented in US history. There was serious debate whether he had the power to fire him. Given his disregard for laws, it's entirely possible that he would try to fire him. not surprised you don't wanna talk about it. And I've told you a million times, don't exaggerate...
Oh, and Cali dude doesn't know decrease from increase. You failed to criticize that error but I'm happy to.
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5 hours ago, B-Man said:
If it had more than a 1% mortality rate I might be concerned about her.
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were you concerned about trump?
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8 minutes ago, sherpa said:
You are way out of your lane.
Say what they want, but he Executive has no ability to effectively pressure the Fed or determine Fed policy vis a vis funds rate or other actions.
The Fed, for the billionth time, has its own mandate that is apolitical.
Your posts indicate you do not know this.
Stay with what you know.
Do you think it's appropriate for the president to even attempt to pressure the fed chair?? Why try if it can have no effect. Ho3 do you know Powell wasn't feeling threatened? As I recall, trump threatened to replace him.
https://www.cnbc.com/2018/12/22/trump-reportedly-wants-to-fire-fed-chair-powell.html
The report said the Trump’s advisers have warned him against such a move, which has never been done by a president and it’s not even clear whether he has the legal authority to do so. White House and Fed spokespeople declined to comment to Bloomberg.
But Trump has already broken with precedent through his repeated criticism in the second half of this year of the Fed and the chairman to the press and via Twitter, including this week before the central bank hiked rates. Other presidents privately tried to influence the Fed, but none did so in such a public and forceful matter.
on the Issue of covid info timing that cali guy brought up, this timeline is interesting
https://doggett.house.gov/media/blog-post/timeline-trumps-coronavirus-responses
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Just now, Over 29 years of fanhood said:
Then he should share a cell with Donnie hunter and joe. It’ll be like goodfellas
what is Joe accused of? What evidence is there?
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7 minutes ago, SoCal Deek said:
years ahead of an international pandemic that nobody ever heard of or saw coming
not nobody, no how! lot's of insiders knew about it including Sen Burr and others who profited from the pandemic after a closed meeting in Jan 2020. The CNBC article about the interest rate decreased (not raised, dummy) by the fed was Sept 2019. Is it possible trump knew the covid intelligence ahead of Burr? Bur said at the time that a framework was in place to address the pandemic. How long doe you think it took to develop that (terrible framework)?rDo you think trump may have been briefed substantially earlier than Burr? The fact that you got wrong the direction of the rate change trump pressured the fed for nullifies everything you just typed
On January 24, 2020, the Senate Committees on Health and Foreign Relations held a closed meeting with only Senators present to brief them about the COVID-19 outbreak and how it would affect the United States.[2][3] Following the meeting Senator Kelly Loeffler and her husband Jeffrey Sprecher, the chairman of the New York Stock Exchange, made twenty-seven transactions to sell stock worth between $1,275,000 and $3,100,000 and two transactions to buy stock in Citrix Systems which saw an increase following the correction.[2] Senator David Perdue made a series of 112 transactions with stocks sold for around $825,000 and bought stocks worth $1.8 million. Perdue started buying around $185,000 in stock in DuPont, a company that makes personal protective equipment, on the same day as the Senate briefing up to March 2.[4][5] Additionally, John Hoeven of North Dakota purchased $250,000 in health science companies in January, five days after attending a briefing about the pandemic.[6]
On January 31 and February 18, Dianne Feinstein sold stock in Allogene Therapeutics, with the estimated value to be between $1.5 million and $6 million.[7] According to Feinstein, the investment decisions are made by her husband, and are reported by her per Senate rules. She states that “this company is unrelated to any work on the coronavirus and the sale was unrelated to the situation.”[8] Feinstein also reportedly provided documents to the FBI related to her husband's transactions, in order to show that she had no connection to the decision.[9]
On February 7, Senator Burr, the Chair of the Senate Intelligence Committee, stated in an open-editorial on how the government could respond to coronavirus that "Luckily, we have a framework in place that has put us in a better position than any other country to respond to a public health threat, like the coronavirus," However, on February 13, he and his wife sold between $628,000 and $1.7 million worth of stock through thirty-three transactions and on February 27, Burr stated that "There's one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history," at a Capitol Hill Club luncheon and his statement was later leaked in a secret recording.[10][11
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8 minutes ago, Over 29 years of fanhood said:
Ok- so are we now for doing something about government power family members getting rich from corruption?? Because if you think this one about the Saudis buying 28% of kusnhers company months after trump was fired from the whitehouse is fishy, wait until you hear about the crackhead that got millions in direct payment to get a foreign prosecutor fired by his daddy.I don't know how many times we liberals need to tell you, prosecute the hell out of him. we r all for it. but what if the payment from kushner to the Saudi's was US secrets?
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11 minutes ago, Doc said:
If Kushner makes money for them, the assessment was wrong. If he loses money for them, great, right?
nope. what did the Saudi's get in return? why did kushner get a top security clearance and use it to frequently access documents? the link was posted here earlier by billsy, I believe.
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11 minutes ago, wnyguy said:
It's getting pretty close.
Then i think it's reasonable to ask posters opinions on it. Especially when stuff like this happens. Palin is not the only R pol calling for civil war. Madison Cawthorn did. Michigan fake electors did. Paul Gosar has. A Georgia congressman has. Bannon has. It's a legitimate concern and people whose job it is to study these things believe it's very possible.
https://www.theguardian.com/us-news/2023/aug/25/sarah-palin-us-civil-war-donald-trump-prosecutions
Barbara F Walter, author of How Civil Wars Start: And How to Stop Them and a CIA advisor, has written: “No one wants to believe that their beloved democracy is in decline, or headed toward war.”
But “if you were an analyst in a foreign country looking at events in America – the same way you’d look at events in Ukraine or Ivory Coast or Venezuela – you would go down a checklist, assessing each of the conditions that make civil war likely.
“And what you would find is that the United States, a democracy founded more than two centuries ago, has entered very dangerous territory.”
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3 minutes ago, wnyguy said:
I am not for it but can understand it if it ever happens.
So you feel it's justifiable?
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9 minutes ago, JDHillFan said:
Says the guy that believes racial slurs are ok if used appropriately, is an admitted anti Zionist, hates soccer moms for being heard, sees maga nazis around every corner, and believes those that disagree with him are advocates for civil war. Really solid work with this one!
Are you for civil war. Almost no one here has answered. But many have defended the insurrectionists...
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8 minutes ago, Over 29 years of fanhood said:
What insight is needed? I got the last part to your liking didn’t I?
I hope they get a trump indictment out of this. It’s been a couple days
Nope. Specifically Kushner, Mnuchin are bad. since you likely didn't even look at the piece, here's the beginning. lots more juicy corrupt details follow.
"...right mind would give the former first son-in-law a dime. Among other concerns, the panel noted that management was “inexperience[d],” that the kingdom would be responsible for “the bulk of the investment and risk,” that its fee seemed “excessive,” and that the firm’s operations were “unsatisfactory in all aspects.” Given those reservations, it warned that the country’s Public Investment Fund should stay far, far away from Kushner’s firm—a recommendation that was overturned by the fund’s board, which happens to be led by Crown Prince Mohammed bin Salman, i.e., the guy who approved a plan to kidnap, kill, and dismember a journalist via bone saw and benefited from Kushner’s unwavering support within the White House and reported insistence that the prince could “survive the outrage just as he [had] weathered past criticism.” (Again, just so it‘s abundantly clear, the “outrage” and “criticism” were over a Saudi dissident and U.S. resident being chopped up into pieces.)
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5 minutes ago, All_Pro_Bills said:
Which kind of proves the Fed's claims of independence are an illusion because under those conditions he could have just said no.
Yes, tell that to Sherpa and Cali dude. I don't recall Biden overtly trying to influence the Fed. Which was my point.
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8 minutes ago, Over 29 years of fanhood said:
Exactly. Took an investment of billions, and probably made money off of it, but it’s still the investors equity. But don’t confuse a good narrative with facts.Dems good republicans bad … something something
Perhaps this piece will give you some insight.
https://www.vanityfair.com/news/2022/05/jared-kushner-affinity-partners-saudi-arabia
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Just now, sherpa said:
The Fed is independent entity whose mandate is to promote full employment, moderate long term interest rates and stable employment.
Conflict between the Fed and the Executive has always been in place, the most noteworthy being the situation between Fed Chairman Volker and Reagan.
They have conflicting short term interests.
You put out a lot of "stuff" on a lot of different subjects, but those views seem to be grossly influenced by political view.
Your point, not that it was effectively supported, is ridiculous.
trump pressured Powell for months and then he lowered rates. So there's that...Interesting that your example was another R who overstepped his intended power...
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10 minutes ago, TH3 said:
You mean things are pricier now than during the during the the pandemic? Whoa!
You know - you have a choice everyday...why do you choose to be angry...all day...every day....?
MAGA's need villains to blame for their problems. It's just part of their psyche...
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Gonna cheat people out of votes regardless of what SCOTUS says. comments?
https://www.axios.com/2023/09/05/alabama-gop-congressional-map-black-voting
Biden creates an economic crisis--Unemployment, Inflation, risk of STAGLFATION increasing
in Politics, Polls, and Pundits
Posted · Edited by Joe Ferguson forever
See I can actually learn some cool stuff on the board
a·bey·ance
/əˈbāəns/
noun
a state of temporary disuse or suspension
very nice word! Is that used in banking frequently?