Forum

 
  Back to OzPolitic.com   Welcome, Guest. Please Login or Register
  Forum Home Album HelpSearch Recent Rules LoginRegister  
 

Pages: 1 2 
Send Topic Print
FED trying to Kill US Economy... (Read 694 times)
President Elect, The Mechanic
Gold Member
*****
Offline


Australian Politics

Posts: 17501
Gender: male
FED trying to Kill US Economy...
Jul 20th, 2018 at 8:34am
 
Quote:
TRUMP IS RIGHT – FED is Political and Will Kill His Economy..

President Trump says the Fed should take it easy on interest rate increases and he’s right. 
A quick review of the Fed’s increases shows a far-left liberal bias.


Right after Barack Obama was elected President, on December 16, 2008, the Federal Reserve (The Fed) lowered the Fed Funds rate by an entire percent, from 1% down to 0% . The Fed had not lowered the Fed Funds rate by such a large amount (1% ) since at least before 1990, if ever.
The Fed kept this 0% rate for most of Obama’s eight years in office.


CNBC reported in December 2015
that President Obama oversaw “seven years of the most accommodative monetary policy in U.S. history” (from the Fed)
.

The Fed Funds rate was at zero for most of Obama’s time in office. Finally, in December 2015 after the Fed announced its first increase in the Fed Funds rate during the Obama Presidency.

The only Fed Funds Rate increases since 2015 were after President Trump was elected President. The Fed increased the Fed Funds Rate six times.


The Fed Funds Rate greatly impacts the economy:

Lower interest rates usually spur the economy by making corporate and consumer borrowing easier. Higher interest rates are intended to slow down the economy by making borrowing harder.

Increases in the Fed Funds Rate increase the cost of borrowing and the largest borrower in the world is the US government.

With $20 trillion in debt, a 1% increase in interest payments equals $200 billion in annual interest payment increases.


President Obama benefited from the lowest possible interest rates possible for seven of his eight years and
in spite of this, nearly doubled the US Debt from $10 trillion to nearly $20 trillion.
 

With no rate increases in interest rates, President Trump would arguably have a balanced budget to date. (Although the short term implications may not dictate this, the long term implications are clear.)


President Trump knows this and today he stated that he is not happy
with the Fed raising interest rates and killing the economy.


President Donald Trump on Thursday said he’s not happy with the raising of interest rates by the Federal Reserve and suggested the central bank is working at cross purposes with his administration’s economic program.

Second-quarter GDP is estimated to run at an annual rate north of 4%.

“Because we go up and every time you go up they want to raise rates again. I don’t really — I am not happy about it. But at the same time I’m letting them do what they feel is best.” He added, “But I don’t like all of this work that goes into doing what we’re doing.”

“I don’t like all of this work that we’re putting into this economy and then I see rates going up,” Trump said.

The only thing stopping President Trump from balancing the US Budget and keeping the economy on fire is the Fed’s rising rates.
.


Trumps right again...

you can clearly see how deep state is working against the Trump administration and how they took out the last government before Hussein by destroying that economy...

what more evidence do you need...
Back to top
 

Fed-Funds-data.png (24 KB | 12 )
Fed-Funds-data.png

Q

The STORM has arrived
Every Dog Has Its Day...
Dark to Light.
Sheep no more.
 
IP Logged
 
Sir Spot of Borg
Gold Member
*****
Offline


WE ARE BORG

Posts: 26458
Australia
Re: FED trying to Kill US Economy...
Reply #1 - Jul 20th, 2018 at 9:03am
 
What is a far-left liberal increase?

Spot
Back to top
 

Whaaaaaah!
I'm a 
Moron!
- edited by some unethical admin - you think its funny? - its a slippery slope
WWW PoliticsAneReligion  
IP Logged
 
Sir Spot of Borg
Gold Member
*****
Offline


WE ARE BORG

Posts: 26458
Australia
Re: FED trying to Kill US Economy...
Reply #2 - Jul 21st, 2018 at 6:49am
 
Sir Spot of Borg wrote on Jul 20th, 2018 at 9:03am:
What is a far-left liberal increase?

Spot


Still wondering . . . . .

Spot
Back to top
 

Whaaaaaah!
I'm a 
Moron!
- edited by some unethical admin - you think its funny? - its a slippery slope
WWW PoliticsAneReligion  
IP Logged
 
Mattyfisk
Gold Member
*****
Offline


Australian Politics

Posts: 91852
Gender: male
Re: FED trying to Kill US Economy...
Reply #3 - Jul 21st, 2018 at 7:26am
 
Now this is where the Mechanic fills us in on his macroeconomic analysis. Stay tuned, leftards.
Back to top
 
 
IP Logged
 
SadKangaroo
Gold Member
*****
Offline


#FightStupid

Posts: 14876
Mianjin (Brisbane)
Re: FED trying to Kill US Economy...
Reply #4 - Jul 21st, 2018 at 7:37am
 
Everyone's fault but Trump.

The excuses for his poor performance and failed policy are coming this and fast now.

Wasn't Trump recently saying after he begrudgingly agreed Putin was accountable for the Russian hacking not because he ordered it, but like Trump him being the leader made him responsible for what happens?

So stop making excuses and hold Trump to his word and to account.

You'd offer no excuses for Obama. Time to enter the big boy world Mech.
Back to top
 
 
IP Logged
 
longweekend58
Gold Member
*****
Offline


Australian Politics

Posts: 45675
Gender: male
Re: FED trying to Kill US Economy...
Reply #5 - Jul 21st, 2018 at 9:08am
 
Trumptards attitudes to institutions is to mistrust all of them and think they are all in the pocket of the mythical deep state.
Back to top
 

AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
IP Logged
 
Richdude
Gold Member
*****
Offline


Australian Politics

Posts: 8457
NC
Gender: male
Re: FED trying to Kill US Economy...
Reply #6 - Jul 21st, 2018 at 9:15am
 
SadKangaroo wrote on Jul 21st, 2018 at 7:37am:
Everyone's fault but Trump.

The excuses for his poor performance and failed policy are coming this and fast now.

Wasn't Trump recently saying after he begrudgingly agreed Putin was accountable for the Russian hacking not because he ordered it, but like Trump him being the leader made him responsible for what happens?

So stop making excuses and hold Trump to his word and to account.

You'd offer no excuses for Obama. Time to enter the big boy world Mech.


What the hell are you talking about - do you even know?

Trumps performance is staggeringly good. As Mechanic has explained, despite the Fed trying to damp down the economy its still expected to beat 4% growth rate.

Abolish the Fed! The promise of the fed when it was chartered in 1913 was to control inflation. Since then the USD has lost more than 98% of its value.

The Fed is not Federal as in Government and has no reserves. The Fed has always been a lie to enrich its handful of shareholders at the expense of the people.
Back to top
 

The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly.”
 
IP Logged
 
longweekend58
Gold Member
*****
Offline


Australian Politics

Posts: 45675
Gender: male
Re: FED trying to Kill US Economy...
Reply #7 - Jul 21st, 2018 at 9:29am
 
Richdude wrote on Jul 21st, 2018 at 9:15am:
SadKangaroo wrote on Jul 21st, 2018 at 7:37am:
Everyone's fault but Trump.

The excuses for his poor performance and failed policy are coming this and fast now.

Wasn't Trump recently saying after he begrudgingly agreed Putin was accountable for the Russian hacking not because he ordered it, but like Trump him being the leader made him responsible for what happens?

So stop making excuses and hold Trump to his word and to account.

You'd offer no excuses for Obama. Time to enter the big boy world Mech.


What the hell are you talking about - do you even know?

Trumps performance is staggeringly good. As Mechanic has explained, despite the Fed trying to damp down the economy its still expected to beat 4% growth rate.

Abolish the Fed! The promise of the fed when it was chartered in 1913 was to control inflation. Since then the USD has lost more than 98% of its value.

The Fed is not Federal as in Government and has no reserves. The Fed has always been a lie to enrich its handful of shareholders at the expense of the people.



Hysterical conspiracy theory nonsense.
Back to top
 

AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
IP Logged
 
SadKangaroo
Gold Member
*****
Offline


#FightStupid

Posts: 14876
Mianjin (Brisbane)
Re: FED trying to Kill US Economy...
Reply #8 - Jul 21st, 2018 at 10:41am
 
Richdude wrote on Jul 21st, 2018 at 9:15am:
SadKangaroo wrote on Jul 21st, 2018 at 7:37am:
Everyone's fault but Trump.

The excuses for his poor performance and failed policy are coming this and fast now.

Wasn't Trump recently saying after he begrudgingly agreed Putin was accountable for the Russian hacking not because he ordered it, but like Trump him being the leader made him responsible for what happens?

So stop making excuses and hold Trump to his word and to account.

You'd offer no excuses for Obama. Time to enter the big boy world Mech.


What the hell are you talking about - do you even know?

Trumps performance is staggeringly good. As Mechanic has explained, despite the Fed trying to damp down the economy its still expected to beat 4% growth rate.

Abolish the Fed! The promise of the fed when it was chartered in 1913 was to control inflation. Since then the USD has lost more than 98% of its value.

The Fed is not Federal as in Government and has no reserves. The Fed has always been a lie to enrich its handful of shareholders at the expense of the people.


Firstly, I'm fully aware of the history of the FED, the significance of what Jefferson warned about, the actions of Wilson, JFK and Johnson and the significance of the date 21/12/1913.

What is important is this is not a new issue, this isn't something only Trump has had to deal with.  It's just another of the "who knew" moments from Trump and his supporters. 

Every President has had to deal with this, some taking more action than others, and some arguably paying a much higher price than others.

To come out and use this as an excuse for Trump when it was never accepted as an excuse for Obama and it was, in fact, argued the opposite, that he was personally accountable for everything, even the GFC and everything was blamed on him, I won't stand here quietly while you turn on a dime and pretend that now that same office isn't to blame for anything, holds no responsibility and is only there to take credit for the good.

I've had enough of your hypocrisy.

And as for the claims of how good things are, I'm glad that's the case.  But prior to the 2016 election and Trump's inauguration there was a clear trajectory of economic improvement should Trump have done nothing but continue the policies of Obama.

If you look at the trends, if you look at the policies and if you look at the raw numbers, including that of employment rates, you'll see that all the trends have slowed under Trump.

Every single indicator is less than projected.  Overall the US is in a better position than before Trump took office, but that was going to happen regardless of who won.

While things are good and better than they were before Trump took office, how much of that is because of him, and how much in spite of him?

A question that routinely gets ignored is, what policies, what actions has Trump taken that can be credited for the health and growth of the economy?

The best answer I've ever gotten here is that him simply being President is enough, policy is not important.

smacking what?!

What people need to do is first take out the politics of the debate, which for the likes of Mech it means blocking his access to TheGateWayPundit because they are nothing but a fake news site that pushes blatantly bias information or flat out lies.

Everyone, even Obama, was preparing for the FED to raise the rates as the economy recovered from the Bush mistakes.  Trump has seen to any of that policy or the direction of reform to account for this has been abolished and more of what helped push the country in the direction of the last GFC is back but under a different banner.

The people and their leadership should be learning from their mistakes, not using them as a playbook and then making excuse to cover their mistakes.

The truth is a powerful thing, stop running from it.  You've literally got nothing to gain by perpetuating the lies that Trump wants people to think about him and his performance.  Keeping this up will only cost you (or if you're outside of the US, the American people, even or especially the Trumptards).
Back to top
 
 
IP Logged
 
Unforgiven
Gold Member
*****
Offline


I have sinned

Posts: 8879
Gender: male
Re: FED trying to Kill US Economy...
Reply #9 - Jul 21st, 2018 at 11:02am
 
The Mechanic is Australia's foremost expert on economics, Islam, icebergs, Trump, and denizen Bobby.
Back to top
 

“I’ll let you be in my dreams if I can be in yours” Bob Dylan
 
IP Logged
 
philperth2010
Gold Member
*****
Offline


Australian Politics

Posts: 19597
Perth
Gender: male
Re: FED trying to Kill US Economy...
Reply #10 - Jul 21st, 2018 at 11:38am
 
Trumps tax cuts have created the need to increase interest rates....The bloke has no idea!!!

Quote:
Economic prospects in 2018 are looking "reasonably bright," Dudley said in a speech to the Securities and Financial Markets Association on Thursday. He expects unemployment to remain low and wages to quickly rise.

But Dudley warned that central bankers may have to "press harder on the brakes" at some point in the next few years to help stave off a possible recession.


https://money.cnn.com/2018/01/11/news/economy/ny-fed-economy-outlook-2018/index....

Quote:
But the tax cuts and expected growth could also spur inflation and, in turn, prompt officials to hike interest rates.

"Because of the stimulus impact that it will have on growth, and because the U.S. economy is already growing at full capacity, it might very well have an overheating impact on the economy, which could in turn increase wages — good — increase inflation and entail a tightening of monetary policy, with interest rates rising," she said
.

http://thehill.com/policy/finance/376220-imf-director-sees-growth-fears-overheat...

Roll Eyes Roll Eyes Roll Eyes
Back to top
 

If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)
 
IP Logged
 
SadKangaroo
Gold Member
*****
Offline


#FightStupid

Posts: 14876
Mianjin (Brisbane)
Re: FED trying to Kill US Economy...
Reply #11 - Jul 21st, 2018 at 12:22pm
 
But it's the FED's fault...

Who knew!

Moral of the story, stop getting fake news from Mech and TheGatewayPundit.
Back to top
 
 
IP Logged
 
Richdude
Gold Member
*****
Offline


Australian Politics

Posts: 8457
NC
Gender: male
Re: FED trying to Kill US Economy...
Reply #12 - Jul 21st, 2018 at 1:16pm
 
longweekend58 wrote on Jul 21st, 2018 at 9:29am:
Richdude wrote on Jul 21st, 2018 at 9:15am:
SadKangaroo wrote on Jul 21st, 2018 at 7:37am:
Everyone's fault but Trump.

The excuses for his poor performance and failed policy are coming this and fast now.

Wasn't Trump recently saying after he begrudgingly agreed Putin was accountable for the Russian hacking not because he ordered it, but like Trump him being the leader made him responsible for what happens?

So stop making excuses and hold Trump to his word and to account.

You'd offer no excuses for Obama. Time to enter the big boy world Mech.


What the hell are you talking about - do you even know?

Trumps performance is staggeringly good. As Mechanic has explained, despite the Fed trying to damp down the economy its still expected to beat 4% growth rate.

Abolish the Fed! The promise of the fed when it was chartered in 1913 was to control inflation. Since then the USD has lost more than 98% of its value.

The Fed is not Federal as in Government and has no reserves. The Fed has always been a lie to enrich its handful of shareholders at the expense of the people.



Hysterical conspiracy theory nonsense.


Really! You! Who deals in unsubstantiated Russian collusion conspircay theories?  And anyone supporting Trump is a Russian agent ffs!

The Fed is and has been a privately owned enterprise since its inception.

All over budget shortfalls are funded by the Fed. By way of the Fed buying bonds and the treasury releasing currency in the form of numbers of account or notes (Fed notes). The point is that the Fed "currency" is created out of thin air at a compounding interest to the US people.

Say hello to 21 trillion debt.
Back to top
 

The mediocre mind is incapable of understanding the man who refuses to bow blindly to conventional prejudices and chooses instead to express his opinions courageously and honestly.”
 
IP Logged
 
President Elect, The Mechanic
Gold Member
*****
Offline


Australian Politics

Posts: 17501
Gender: male
Re: FED trying to Kill US Economy...
Reply #13 - Jul 21st, 2018 at 2:46pm
 
SadKangaroo wrote on Jul 21st, 2018 at 7:37am:
Everyone's fault but Trump.

The excuses for his poor performance and failed policy are coming this and fast now
.

Wasn't Trump recently saying after he begrudgingly agreed Putin was accountable for the Russian hacking not because he ordered it, but like Trump him being the leader made him responsible for what happens?

So stop making excuses and hold Trump to his word and to account.

You'd offer no excuses for Obama. Time to enter the big boy world Mech.


you are either retarded or a bias liar...

most likely a bit of both...

as soon as Trump Makes Hundreds of Billion more in due to the economy booming.. the dirty FED has taken it off him... .25 increase cost the economy 200 Billion...

if the FED had left the interest rates at 0% like they did for Obama for 99% of his Presidency... Trump would be paying down the debt by now.. .

but hey...

I dont expect simpleton Liberals to understand the Math...  Roll Eyes
Back to top
 

Q

The STORM has arrived
Every Dog Has Its Day...
Dark to Light.
Sheep no more.
 
IP Logged
 
longweekend58
Gold Member
*****
Offline


Australian Politics

Posts: 45675
Gender: male
Re: FED trying to Kill US Economy...
Reply #14 - Jul 21st, 2018 at 4:32pm
 
President Elect, The Mechanic wrote on Jul 21st, 2018 at 2:46pm:
SadKangaroo wrote on Jul 21st, 2018 at 7:37am:
Everyone's fault but Trump.

The excuses for his poor performance and failed policy are coming this and fast now
.

Wasn't Trump recently saying after he begrudgingly agreed Putin was accountable for the Russian hacking not because he ordered it, but like Trump him being the leader made him responsible for what happens?

So stop making excuses and hold Trump to his word and to account.

You'd offer no excuses for Obama. Time to enter the big boy world Mech.


you are either retarded or a bias liar...

most likely a bit of both...

as soon as Trump Makes Hundreds of Billion more in due to the economy booming.. the dirty FED has taken it off him... .25 increase cost the economy 200 Billion...

if the FED had left the interest rates at 0% like they did for Obama for 99% of his Presidency... Trump would be paying down the debt by now.. .

but hey...

I dont expect simpleton Liberals to understand the Math...  Roll Eyes



the math.... Trump has a TRILLION DOLLAR deficit meaning the debt is rising by at least that much and possibly more. interest rates have to rise to provide a working lever against future economic downturns and they are raised in good economic times - ie now - to provide cover for bad times. This is basic economics which everyone except trumptards understand.
Back to top
 

AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."
 
IP Logged
 
Pages: 1 2 
Send Topic Print