President Donald Trump remains apparently adamantly convinced that any issues in the U.S. economy while he’s in the White House have nothing to do with him, and he’s still trying to convince the rest of us of that argument too. This Thursday morning — about an hour and a half after his first tweet on the subject, meaning that for all that time Trump was apparently occupied by these arguments — he took to Twitter to stump against the Federal Reserve for the innumerable time in a row. His argument — which he repeated here — is that if only they’d slash interest rates, than the economy could be let loose to grow at higher rates.
‘The Economy is doing really well. The Federal Reserve can easily make it Record Setting! The question is being asked, why are we paying much more in interest than Germany and certain other countries? Be early (for a change), not late. Let America win big, rather than just win!’
To begin with — Trump has already at times claimed that under his leadership, the economy has been at its greatest points in the history of the United States. Now, he says it’s getting to some record setting point at some point in the future — so which is it? What exactly is “really well” supposed to mean anyway? Is it doing “really well” for those at the heads of corporations who now have to pay significantly less in taxes thanks to Trump, while it’s doing not so “well” for those at the bottom still struggling along? The answer is yes.
There are broader issues than Trump’s language. The Federal Reserve already cut interest rates in July, letting more money thereby get freed up to circulate in the economy. There’s another expected slim rate cut coming this fall. Yet, the president is still ranting anyway. Trump wants them to apparently keep cutting these rates at more drastic levels, so that rather than there proving some kind of systematic change sparking higher economic growth — rich people can wallow in more of their money.
Check out Twitter’s response…
Featured Image via screenshot