Trump Warned The Fed Rate Cut Trump Wanted Will Cause Damage. And Trump Owns It

An op ed in a very reputable newspaper has pointed out that the rate cut Trump wanted may turn into a disaster. There are so many things Trump did not consider when insisting that the Feds make a cut. Let’s see some of the thoughts. From TWSJ via Raw Story:

The Wall Street Journal’s conservative editorial board issued a stark warning to President Donald Trump on Wednesday after the Federal Reserve voted to lower interest rates by 0.25%. “President Trump wants lower interest rates, and on Wednesday, he got his wish as the Federal Open Market Committee cut the overnight rate by a quarter point,” the editors argued in a new op-ed. [EDIT: subscription required]”The FOMC also delivered an implicit warning about what this might mean for the economy. Mr. Trump now owns that, too.”

That says a lot right there. The Fed did what Trump has been pushing for and added a caveat. The FED added a *WARNING*. It’s out there in public, and Trump can’t wipe it away, no matter how hard he tries. These people know what they’re doing, and they are supposed to be apolitical, no matter how many of his sycophants he tries to force in.

This worries me. For the Fed to say something like that, I’m expecting the economy to crash and burn. Prices are going to go sky-high. A lot of people are struggling already, especially with the damn tariffs he’s slapping on anyone and everyone. What happens when they can’t afford food anymore, if they want to pay rent and keep the lights on? Let’s have more from the op-ed.

Federal Reserve Chairman Jerome Powell said on Wednesday that there are still some risks the U.S. economy needs to navigate. For instance, inflation and unemployment have trickled upwards. Powell said those factors have the central bank torn between two mandates: stabilizing prices and maximizing employment. The Journal’s editorial board also wished Trump “good luck” as his administration addresses these economic conditions.

Good luck. Ahahaha. It’s going to be bad luck when we crater. I’m thinking it’s going to be a problem for many, many people, sooner rather than later.  Trump *has* to own it. There’s going to be a groundswell of emotion towards him that he’s not going to like. And he’ll have brought it on himself. To close:

“It may be that everything works out fine: inflation drifts downward after a brief price bump from tariffs, the economy booms despite tariffs and a looming labor shortage, the housing market enters a new golden age, and financial markets gallop happily off into the artificial-intelligence sunset,” the editors wrote. “But if Mr. Trump is wrong, voters will notice sustained inflation and the lack of gains in real wages. Having staked so much on his political assault on the Fed, Mr. Trump owns the outcome now for good or ill,” they added.

Yea, this is going to give me some restless nights. We’ve given up so much already since the tariffs started driving prices up, exacerbated by a lack of help where it’s needed because of this stupid, ridiculous, over-the-top immigrant snatching off the streets, usually in broad damn daylight. Prices are going to continue to rise. That is something we already know. Is the jobs market going to improve, because the past couple of months have looked pretty grim? What else is coming towards us?

Friends, I know everybody begs you for money. I promise you that of all of the outlets bugging you for spare change, we are the smallest and the hardest working. We’re a bunch of old, disabled people, except one writer in his mid-50s. But the rest of us are in our sixties and seventies, and this is a labor of love. All we’re asking for is the ability to continue our quest to tell the truth about Trump and help ensure democracy survives. If you can help, please do. Thanks. Ursula

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