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Trump, Republicans bash Federal Reserve for slashing interest rates (www.rollingstone.com)

submitted 23 hours ago* (last edited 23 hours ago) by MicroWave@lemmy.world to c/politics@lemmy.world

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Trump and his allies are crying “election interference” over the Federal Reserve’s decision to slash interest rates

After months of complaining about the crippling burden of high interest rates and expensive borrowing, Republicans for some strange reason don’t seem too happy that the Federal Reserve has moved to do something about it.

On Wednesday, the Federal Reserve announced it is cutting interest rates by half a percentage point. It’s the first cut since 2020 and a long-awaited decrease to historically high interest rates.

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[-] kinsnik@lemmy.world 26 points 12 hours ago

If he thinks that any positive change in an election year is election interference, then that would explain 2020. Maybe it is not that he wanted the pandemic or that he was too incompetent to just let experts help us. He was too concerned with election interference! /s

[-] GoofSchmoofer@lemmy.world 38 points 14 hours ago

Remember when trump lashed out at FBI directory Comey when he produced a new piece of 'evidence' against Hilary in October of 2016, calling it 'election interference'?

... yeah me either.

[-] calabast@lemm.ee 73 points 21 hours ago* (last edited 21 hours ago)

Cloud passes in front of the sun, Trump calls 'election interference'

Trump drops his hamburger on the floor, calls 'election interference'

It's Thursday, Trump calls 'election interference'

[-] chiliedogg@lemmy.world 2 points 3 hours ago

A violent mob invading the Capitol, committing murder in the process, specifically to interrupt the certification of the election?

Not election interference.

[-] WoahWoah@lemmy.world 0 points 1 hour ago* (last edited 30 minutes ago)

There was a murder on Jan 6?

Edit: oh right, that woman. I don't really consider defending the Capitol from someone trying to breach an inner entrance murder.

[-] grue@lemmy.world 42 points 19 hours ago

He's trying to destroy the meaning of the term just before him and his MAGA flying monkeys commit massive actual election interference.

[-] InverseParallax@lemmy.world 2 points 7 hours ago

He's panicking.

If the race is close, he can make a play to cause enough violence to reverse the result, like in 2000.

But if it's an embarrassing blowout? His fat ass is going to jail.

[-] grue@lemmy.world 2 points 6 hours ago* (last edited 6 hours ago)

This isn't panic. Stealing power through sabotage and violence has been the plan for over four years. It's what all of MAGA's efforts have been put towards (cultivating fascist paramilitaries, corrupting the judiciary, infiltrating the elections bureaucracy with zealots, etc.). Hell, just look at Trump's campaigning: he's spent absolutely fuck-all effort trying to broaden his appeal to win more votes, but lots of effort trying to radicalize his base to coup for him.

He will make a play to seize power through violence, regardless of what the poll results are. That is his primary, intended, planned path to victory.

[-] InverseParallax@lemmy.world 2 points 5 hours ago

No, you're wrong.

He's a complete, delusional narcissist, he genuinely believes most of America loves him, it's just his enemies who cheat to win. This is true in every setting for him, business, legal, personal, everything.

He was sure he would win 2024 in a walk and blow Biden out of the water, and he's shocked a woman, a half n-word/half curry-head WOMAN of all people is threatening him!

You can't understand how he thinks, you have to have been raised by them, he is a devout follower of the religion of Donald J Trump.

[-] grue@lemmy.world 2 points 5 hours ago

I'm not wrong; I'm just describing a different aspect of the situation than you are. I'm explaining what he's doing, while you're explaining how he deludes himself into thinking he's justified for doing it.

[-] InverseParallax@lemmy.world 2 points 4 hours ago

You said his original plan was to use violence.

I'm saying his original plan was to not need violence, obviously he would win legitimately, he's Donald J Trump.

And if there's any chance his enemies will try to steal what's rightfully his (ie America), he will use as much violence as he can to make them forever regret it.

[-] odelik@lemmy.today 106 points 23 hours ago

What kind of weirdo gets mad when they get what they say they want?

[-] cultsuperstar@lemmy.world 2 points 2 hours ago

They were supposed to wait until after he's elected to do it so he can take credit for it.

[-] dhork@lemmy.world 102 points 23 hours ago

A narcissist who wants to take the credit for it

[-] PP_BOY_@lemmy.world 70 points 23 hours ago

Never forget that the border deal that Trump ordered senate Republicans to veto was one of the most comprehensive policy proposals in decades

[-] Makeitstop@lemmy.world 11 points 19 hours ago* (last edited 18 hours ago)

I once worked for an idiot who was a little high strung, and who responded to anything unexpected by getting angry. This exchange actually happened:

Other employee: "Hey boss, the bank called, they made a mistake, you actually have $100 more than you thought you had."

Boss: "WHAT THE HELL AM I SUPPOSED TO DO WITH THAT?"

[-] Crazyslinkz@lemmy.world 1 points 7 hours ago

Hey I'm that idiot right now. I think I need anger management.

[-] Mountain_Mike_420@lemmy.ml 31 points 22 hours ago

The repubs complain about the border, a border bill comes up. Republicans refuse to pass it.

[-] NotMyOldRedditName@lemmy.world 35 points 22 hours ago

Mitch McConnell tables a bill.

Dems support it

Mitch McConnel fillibusters own bill

[-] rayyy@lemmy.world 3 points 8 hours ago* (last edited 8 hours ago)

Mitch McConnel fillibusters own bill

MAGAs would never work against their own country or be a shill for Putin, oh,,wait!

[-] someguy3@lemmy.world 8 points 22 hours ago* (last edited 22 hours ago)

Weirdo that wanted them to do it when he's president, so he can say he did it.

[-] WatDabney@sopuli.xyz 82 points 23 hours ago

Even as cynical as I am, it astonishes me that the Republicans have become entirely up-front about the fact that they don't really give a shit about the American people and are only interested in how policy decisions affect them personally.

It's not just the case that they'll institute harmful policies if they can blame the Democrats for them or oppose beneficial policies that they can't claim credit for themselves, but that they do it openly and obviously.

And their wholly emotion-driven supporters remain completely oblivious...

[-] Gradually_Adjusting@lemmy.world 10 points 22 hours ago

It's really hard to make sense of their actions if you aren't thinking of them as literal enemies of the republic.

[-] HubertManne@moist.catsweat.com 43 points 23 hours ago

and lets not forget trump harrassed the fed to drop them to zero before covid which is how we got the inflation at the end of his term.

[-] lemming741@lemmy.world 21 points 23 hours ago

Everyone overlooks that. It's the only knob we have and he abused it and we paid the price.

[-] Kecessa@sh.itjust.works 3 points 21 hours ago

The whole world got hit by inflation

[-] HubertManne@moist.catsweat.com 3 points 13 hours ago

yeah do to the dollar. “when America sneezes, the world catches a cold.”

[-] LibreHans@lemmy.world 5 points 18 hours ago

The whole word dropped their interest rates.

[-] Kecessa@sh.itjust.works 4 points 15 hours ago

Interest rates didn't disrupt supply chains and lead to price gouging though

[-] HubertManne@moist.catsweat.com 3 points 13 hours ago

price gouging was taking advantage of the intrinsic infaltion and supply chains were strained more by demand brought about by cheap money.

[-] xmunk@sh.itjust.works 16 points 23 hours ago* (last edited 23 hours ago)

Bitchboi who committed election interference calls everything election interference to try and deflect...

You know what this reminds me of? A fucking six year old.

[-] InverseParallax@lemmy.world 1 points 7 hours ago

Umm.

He also committed wire fraud to get lower interest rates on his loans by claiming false valuations.

Think he's awaiting sentencing for that.

[-] BigMacHole@lemm.ee 12 points 22 hours ago

Republicans getting Mad when Good Things happen to the Working Class is PROOF that DEMOCRATS Hate the Working Class!

[-] _bcron@lemmy.world 12 points 22 hours ago* (last edited 22 hours ago)

Dumbass complains that it is allegedly a political move but also wants Presidents to be able to dictate the Fed's decisions.

Everything that happens that isn't to his benefit is a conspiracy to make him look bad. Everything that happens to his benefit was hard-earned and well-deserved.

Fucking 80 year old baby wears diapers and people can attest to it. Smells like shit, cries, drools, no impulse control when it comes to random tits, can barely form a coherent sentence. No wonder his cabinet was a revolving door of blood relatives and his wife can't be bothered to leave NY to visit him. Sad sad guy

[-] ShaggySnacks@lemmy.myserv.one 4 points 12 hours ago

Everything that happens to his benefit was hard-earned and well-deserved.

Said every billionaire ever.

[-] Nougat@fedia.io 13 points 23 hours ago

When half a percent is SLASHING!!!!!!!!

[-] ryper@lemmy.ca 18 points 23 hours ago

They usually only move the rate a quarter percent at a time, so technically this is a big drop

[-] cogitase@lemmy.dbzer0.com 7 points 22 hours ago

They had a number of 0.5% or greater increases in 2022, two drops going into the pandemic, etc.

[-] someguy3@lemmy.world 1 points 22 hours ago

That is quite a bit.

[-] edgemaster72@lemmy.world 5 points 21 hours ago

It's the opposite side of the coin of them taking credit for infrastructure improvements in their districts when they voted against that bill

[-] aramis87@fedia.io 5 points 22 hours ago

They should've cut the rates six months ago :(

[-] Pantsofmagic@lemmy.world 3 points 22 hours ago

There's been a lot of discussion about an interest rate cut in September for the last 6 months.

[-] Yewb@lemmy.world -4 points 17 hours ago

Let's put more cash into the system that will fix inflation /s

this post was submitted on 20 Sep 2024

251 points (98.8% liked)

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