Becomes Trump a dictator?
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Every president has exercised the power of a dictator, some more than others.
This power has grown over the years.
This country was driven to the point of total destruction by those who used Biden as they did.
All trump has done is stop the destruction and hopefully restore some sense of order to this country.
I voted for Trump because this had to be stopped not because I am a Trump fan.
Often times when the evil has to be stopped, it take a person like Trump.
It might seem ugly at times but sometimes that is the only way.
This power has grown over the years.
This country was driven to the point of total destruction by those who used Biden as they did.
All trump has done is stop the destruction and hopefully restore some sense of order to this country.
I voted for Trump because this had to be stopped not because I am a Trump fan.
Often times when the evil has to be stopped, it take a person like Trump.
It might seem ugly at times but sometimes that is the only way.
Donald say gerrymandering okay in Texas and some other red states but corrupt if California does it, lol. It sound like he may have used too much hair spray on his head.
If anyone thinks the numbers we're given are real, then they haven't been paying attention for at least decades to those who will take us through the underlying data and show they're not real and reveal how the calcs and classifications are constantly being redefined to fit a narrative. Smoke and mirrors as some say.
If Trump is going after the Fed as seems could be the case, then removing some of the existing smoke and mirrors may be part of it.
Tear it all down and rebuild it all. Hopefully the new building is well founded and beautiful. We'll see.
Donald's been clamoring for the interest rates to be lowered, but he doesn't seem to have sense enough to know if the jobs numbers are low there's a good possibility the Fed will lower interest rates to stimulate the economy. If the economy is doing so well, and adding jobs, why has he been so desperate for interest rates to be lowered? "Clueless" is the word that comes to mind.
Bad news all around, job looses, inflation, no real tariff deals, Epstein allegations.
A President who can never be a man, always playing the victim, fires people who challenge him.
Really sad to watch.
Whoa! Did you just acknowledge that my thread on the great depression is right!
I do think I was always more of the mind that the house of cards would certainly come apart sooner or later.
I just do not think it is bible prophecy.
Nothing is going to come apart in your lifetime Canadian, and even if it does you can rest assured that Canada is NOT going to be the next empire in your lifetime.
You can bank on it !
He needs lower rates to cut the deficit. Interest payments are now the second biggest line item. The rate hikes took the price to borrow into the 4-5% range for Uncle Sam. @HeIsHere posted some months back now how Treasury was buying back debt and called it quantitative easing or something incorrectly.
That is not the case they did like 3 buybacks last month and have one planned in a few days. They are getting the wrinkles of the buyback program worked out as well as providing liquidity and doing debt management. Powell if he does not lower the rates he will be gone in less than a year when his term expires.
Trump will pick someone to lower the rates for the next Fed chair. From what I am reading a 2% rate is what is wanted. Going from 4% to 2% will cut the interest payments in half and shrink that deficit outlay. Treasury will buyback the higher debt then reissue it at the lower rate.
A rate cut or cuts will also produce a higher tax revenue for that year from capital gains taxes as institutions and individuals sell off on the secondary market. As institutions and individuals will sell some of the higher rate debt they hold. Higher rate debt will go up in price as new debt is issued at a lower rate. As income investors will pay a premium for the older debt as it will still be a fraction higher than the new debt. So capital gains are going to be seen and taxes will have to be paid.
There are also more advantages but my post is already longer than I planned. However, it is more detailed and nuanced than you have posted.
The Donald is completely in over his head. He still thinks he's the "boss" running his own company; if anyone displeases you, just fire them. That's probably why so many of his businesses have failed and why he's filed bankruptcy so many times. In government you have to have diplomacy and tact, neither of which he's capable of. I really fear he's driving the country off a cliff.
@HeIsHere, I take it your disagreement is with this point I made. Here allow me to quote you.
Debt monetization .... QE?
My point is you and others can't even define the words or actions that are being taken and yet you have the answers to what is going on economically.