BREAKING: Federal Reserve chair Jerome Powell says that bigger-than-expected tariffs will translate into higher inflation and slower economic growth — and that the higher inflation could be persistent, not temporary
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Name the game. Extorting all. "Those trying to understand the tariffs as economic policy are dangerously naive. No, the tariffs are a tool to collapse our democracy. A means to compel loyalty from every business that will need to petition Trump for relief." - Chris Murphy (read his summary below)
ALL inflation is "persistent." Prices don't go back down because, technically, if goods are sold for less than it cost to get them to market (including DAF executive comp, which IS a cost we all are apparently willing to pay) that is DEFLATION which hurts peons & stockholders but not execs.
When is everybody going to wake up & realize that this is intentional. Trump & his billionaire class cronies are trying to kill the economy to then buy the dip & consolidate more wealth & power. At the same time he’s destabilizing Western economies just like Vlad wants him to. It’s so obvious.
Adolf Hitler's post-assassination attempt manipulation through guilt by association is a tactic also seen in RACIRS agents worldwide. To learn more and protect democracy, watch the documentary "The Impact"
Oh, how the delicate balance of our world can be shifted by the winds of change. 🌬️ Let us hold onto hope and kindness as we navigate through these uncertain times. 💕
Trump intends to hurt as many people as possible because he can. He is an immoral narcissist psychopath who is happy only when he is in the spotlight. The dastardly Republican representatives are enabling him as is MAGA whose goal is to hinder liberals
You hope it's only a recession that Trump puts you in. If he keeps this up you will be going through a depression. Meanwhile the republicans stand by and let him do it.
My parents survived the great depression and WW2. The majority of Americans since my parents' generation. Have no idea what real sacrifice, struggle and suffering is. We may find out what that is like very soon.
One of the modern NeoLiberal shibboleths is the alleged independence of Central Banks, conceived originally as a check on leftish governments trying to fulfill promises to the electorate. It would really upset the economic applecart if he were too flagrant in breaching the principle! Soon though!
Fun fact: Since the five-day trading week began in 1952, there have been only four 10% two-day drops in the S&P 500’s history: In 1987, 2008, 2020, and this week.
Donald Trump was president for 50% of those events.
Trump destroyed the excellent economy that Biden built after the disastrous pandemic that Trump did not know how to handle. #RepublicanRecession #RepublicanInflation #GOPRecession #TraitorTrump #GOPcomplicit
And Trump should own it and be blamed for it... not Powell. Powell doing anything because of Trump's ineptitude would only exacerbate a terrible situation
Let's put it in simple terms for his supporters: stuff is going to be more expensive now and will stay that way. Oh, and your favorite billionaires you keep defending won't feel it. Cheers!
F Powell though. Not like it's his/the Fed's job to prevent economic upheaval and that he's vastly qualified and has all sorts of reports and numbers to guide these decisions.
Not like he has a gut feeling that the US is being "ripped off" and throwing global economics into disarray
☝️This is an understatement.
We will have another Great Depression under this Fascist Regime...and quite intentional.
Trump's mission is to WEAKEN AMERICA...
FOR PUTIN.
LET THIS SATURDAY'S DC PROTEST CONTINUE AT THE Heritage Foundation, GOOD FOLKS‼️
trump isn't the only Russian asset; there are slyer minds than his among this ilk, & these are the minds behind the Project 2025/the destruction of democracy/the demolition of human rights.
Everyone with a basic understanding of economics knew that would be the effect of Trump’s moronic tariffs. Unfortunately, no one in the incompetent Trump administration has any understanding of economics.
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@maddow.msnbc.com
@booker.senate.gov
@rpsagainsttrump.bsky.social
@sethmoulton.bsky.social
And here we have Senate and Houses Republicans who sit there like a bunch of deer in headlights fools - allowing it to get worse every day
Demand Action!
The dead-letter-literal-interpretation of the Bible,
white nationalists, evangelical Christian fundamentalists
elected the Antichrist,
their lord and savior Donald Trump.
The Christian fundamentalists
elected the anti-Christ President.
*
https://bsky.app/profile/peterbakernyt.bsky.social/post/3llyjnesxl22g
https://youtu.be/uWw6dvyUtsk?si=_BO9nCo2F6SCuyzf
That would be refreshing.
My parents survived the great depression and WW2. The majority of Americans since my parents' generation. Have no idea what real sacrifice, struggle and suffering is. We may find out what that is like very soon.
Donald Trump was president for 50% of those events.
So they don’t buy up everything cheap?
https://www.yahoo.com/news/trump-says-knows-interest-rates-213829328.html
He's rich and can play golf while America burns and the masses starve.
Not like he has a gut feeling that the US is being "ripped off" and throwing global economics into disarray
Not my words, Rand Paul's words and at this rate it's looking like he's finally going to get something right for once.
We will have another Great Depression under this Fascist Regime...and quite intentional.
Trump's mission is to WEAKEN AMERICA...
FOR PUTIN.
trump isn't the only Russian asset; there are slyer minds than his among this ilk, & these are the minds behind the Project 2025/the destruction of democracy/the demolition of human rights.
👇Listen to Cliff Cash here👇