Are Trump's intentions positive, or is he just unhinged?

[spidermike007]

There's already been so much damage to the economy and he has already created so much uncertainty when it comes to relationships with allies, worldwide trade and what appears to be a continued diminishment of American relevance around the world. 

 

Now it would appear that he is declaring war on the Fed, so is he acting in a sincere manner, and does he honestly believe that what he's doing is going to have a long-term benefit on the economy? Or is this man just completely unhinged, and unable to control himself, and  does he feel a constant need to lash out at anybody that he does not perceive as a friend and ally, or anyone who is not expressing sufficient fealty? It seems like every day he picks a new fight. 

 

President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning that the U.S. economy could slow down unless interest rates are lowered immediately.

″‘Preemptive Cuts’ in Interest Rates are being called for by many,” Trump wrote on Truth Social.

 

Trump (falsely) claimed that there is currently “virtually no inflation” in the U.S., and that costs for energy and “most other ‘things’” are on the decline. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote.

Trump’s latest salvo against Powell — whom he appointed during his first administration — came as the president and his team are studying whether they can legally fire the central bank leader before his term expires in May 2026. Powell has flatly stated that the president cannot remove him under the law.

 

Any attempt by Trump to fire Powell would likely trigger a steep sell off in U.S. equity markets, Evercore ISI’s vice chairman, Krishna Guha, told CNBC on Monday.

 

“If you start to raise questions about Federal Reserve independence, you are raising the bar for the Federal Reserve to cut. If you actually did try to remove the Federal Reserve chairman, I think you would see a severe reaction in markets with yields higher, dollars lower and equities selling off,” Guha said on “Squawk Box. "I can’t believe that that’s what the administration is trying to achieve,” Guha said.

 

I realize that billionaires in general tend to be very much out of touch with the concerns that we normal people have, but this man seems to be detached from reality to such an extreme extent, that it would appear (from my point of view) to make him a very unstable leader, which makes the world a far less stable place. 

[atpeace]

No, he is just following what has worked for republican and democratic administrations since the 2008 financial crisis.  It will probably work again. Powel doesn't want to play along like he has done in the past and that is upsetting Trump.  Flood the system with liquidity so home values and stocks go up.  At some point it will end terribly but I've been saying this since 2012 so even I'm starting think maybe it is as easy  as throwing money from helicopters and spend baby spend.  

[FlorC]

Covid damaged the economy . Supply lines were broken . Unemployment was higher , inflation , uncertainty , countries locking up.

Money printing in overdrive to pay people staying at home , not all working from home. Service industry stopped. Aviation stopped ,....

Shops/malls/restaurants closed. Still we got out of it.

 

What Trump is trying to to is much more positive than the covid war.

We'll get a slightly better world if he succeeds , less wate , less spending , less debt.

 

 

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18 minutes ago, FlorC said:

Covid damaged the economy . Supply lines were broken . Unemployment was higher , inflation , uncertainty , countries locking up.

Money printing in overdrive to pay people staying at home , not all working from home. Service industry stopped. Aviation stopped ,....

Shops/malls/restaurants closed. Still we got out of it.

 

What Trump is trying to to is much more positive than the covid war.

We'll get a slightly better world if he succeeds , less wate , less spending , less debt.

 

 

Less debt? Slashing taxes and gutting the IRS? Maybe that works in opposite world. Not so much in this one.

[Tug]

Sometimes I think he’s like that sick teenager we all used to know that delighted in running over dogs or cats bulling the other kids just the nasty sicko.hes allways been shielded from any consequences this is the result.

[FlorC]

12 minutes ago, Tug said:

Sometimes I think he’s like that sick teenager we all used to know that delighted in running over dogs or cats bulling the other kids just the nasty sicko.hes allways been shielded from any consequences this is the result.

bulling the others is more patented by lefty democrats.

Shielded by DA's that don't press charges for leftie crime.

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35 minutes ago, FlorC said:

bulling the others is more patented by lefty democrats.

Shielded by DA's that don't press charges for leftie crime.

You mean like when William Barr and John Durham looked to find evidence of malign intent in the Justice Dept.  towards Trump with respect to their investigations of him. And right wingers were jubilant and sure that deep state actors were going to be handcuffed, perp-walked, and sent to prison.And after 4 years Durham came up absolutely empty-handed.

[FlorC]

William Barr and John Durham were not on Trump's side.

Again Trump was warned about the snake Barr , but he appointed him anyway.

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5 minutes ago, FlorC said:

William Barr and John Durham were not on Trump's side.

Again Trump was warned about the snake Barr , but he appointed him anyway.

Sure. Barr was castigated by a Federal judge for lying about the Mueller report by denying that there was anything in it that warranted prosecution. For that he was celebrated by right wingers. It was only after he refused to back Trump in his election denialism that he became a villain to right wingers.

[Presnock]

3 hours ago, spidermike007 said:

There's already been so much damage to the economy and he has already created so much uncertainty when it comes to relationships with allies, worldwide trade and what appears to be a continued diminishment of American relevance around the world. 

 

Now it would appear that he is declaring war on the Fed, so is he acting in a sincere manner, and does he honestly believe that what he's doing is going to have a long-term benefit on the economy? Or is this man just completely unhinged, and unable to control himself, and  does he feel a constant need to lash out at anybody that he does not perceive as a friend and ally, or anyone who is not expressing sufficient fealty? It seems like every day he picks a new fight. 

 

President Donald Trump on Monday ratcheted up his pressure campaign on Federal Reserve Chairman Jerome Powell, calling him a “major loser” and warning that the U.S. economy could slow down unless interest rates are lowered immediately.

″‘Preemptive Cuts’ in Interest Rates are being called for by many,” Trump wrote on Truth Social.

 

Trump (falsely) claimed that there is currently “virtually no inflation” in the U.S., and that costs for energy and “most other ‘things’” are on the decline. “With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote.

Trump’s latest salvo against Powell — whom he appointed during his first administration — came as the president and his team are studying whether they can legally fire the central bank leader before his term expires in May 2026. Powell has flatly stated that the president cannot remove him under the law.

 

Any attempt by Trump to fire Powell would likely trigger a steep sell off in U.S. equity markets, Evercore ISI’s vice chairman, Krishna Guha, told CNBC on Monday.

 

“If you start to raise questions about Federal Reserve independence, you are raising the bar for the Federal Reserve to cut. If you actually did try to remove the Federal Reserve chairman, I think you would see a severe reaction in markets with yields higher, dollars lower and equities selling off,” Guha said on “Squawk Box. "I can’t believe that that’s what the administration is trying to achieve,” Guha said.

 

I realize that billionaires in general tend to be very much out of touch with the concerns that we normal people have, but this man seems to be detached from reality to such an extreme extent, that it would appear (from my point of view) to make him a very unstable leader, which makes the world a far less stable place. 

absolutely true in every aspect IMHO  I listen to a lot of news clips daily especially those about the US economy.  These trusted professors in prestigious universities, former economic advisors to senior leadersll all call his tariff plan crazy, idiotic, his former economic professor said Trump would get an "F" if he said that in class.  Now that he is after the Fed chief, I am hearing that Trump is "utterly insane"  off his rocker, not a clue to what drives an economy in the world of today.  I hear no one other than his appointed economy people and they just mouth whatever he is saying.  For sure, unless nature says his time is up, we might be doomed - at least the economy will be and who knows how long it will take for any confidence in the US be restored if ever.

[Dan O]

1 hour ago, Tug said:

Sometimes I think he’s like that sick teenager we all used to know that delighted in running over dogs or cats bulling the other kids just the nasty sicko.hes allways been shielded from any consequences this is the result.

Its pretty simple really. He's trying to gain unlimited power and be at the top of the food chain like his 3 idols, XI, putin and k

im. They do whatever they wish and no one opposes them. Trump in his typical delusion thinks he can be on that level and it plays right into his narcissistic, megalomaniac character.   All that while his idols laugh at him and play him for the fool he is