The Frankish Reich Posted August 2 Author Posted August 2 So let's say I want the Fed to lower interest rates. It is well understood that the Fed will be hesitant to do so if the economy is running close to full capacity because that would be inflationary. So I get a report that says "number of newly created jobs last month fell below expectations" and that "prior monthly jobs created were actually lower than initially reported." I am a Very Stable Genius President. I respond by: A. Saying, "See, economic growth is slowing under these high interest rates after all. Now is the time for the Fed to act to ensure continued growth." B. Saying, "These numbers are politicized lies; we are growing at a faster clip than ever before. Everything is wonderful. I am firing the person who cooked up these fake numbers." [Therefore, interest rates should remain high, or perhaps go a tick higher before the Trump 2.0 economy overheats?] Sometimes you just gotta conclude that he is that stupid.
The Frankish Reich Posted Sunday at 05:58 PM Author Posted Sunday at 05:58 PM He just did it again. This time he bragged about how much revenue his tariffs will bring in. This right after his attorney argued to the Supreme Court that the tariffs were about foreign relations, not about revenue. If they're about revenue (even in significant part), then they're a tax, and the taxing power belongs exclusively with Congress. And then they sent out Bessent to try to walk back Trump's "Truth Social" brag. Just an effin idiot.
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