U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-19-2019, 02:37 PM
 
9,001 posts, read 4,007,258 times
Reputation: 1769

Advertisements

Quote:
Originally Posted by bawac34618 View Post
Here's to hoping that Powell remains in charge of the Fed until Trump is out of office.

QE is very dangerous and should not even have been done under Obama. The fact that Trump is calling for it to be started up again says everything that needs to be said about the current economy.

Plus, remember how outraged conservatives were when QE happened under Obama? Remember how reckless they said it was? Why is QE all of a sudden a great thing now that Trump is advocating it?
How has our QE been dangerous?
Reply With Quote Quick reply to this message

 
Old 08-19-2019, 02:46 PM
 
2,637 posts, read 895,901 times
Reputation: 1837
Quote:
Originally Posted by eddie gein View Post
Well it's good to see Trump feuding with another one of his "best people" (Jerome Powell).

Trump is talking about how Jerome Powell was a "nobody" until Trump put him in charge of the Fed and now Trump is indignant that the guy is doing his job.

Who besides Trump would ever say something like that? Sheesh.
I know. Daffy Don has already stated that if the economy goes down he will blame it all on Powell.
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 02:52 PM
 
Location: The middle of nowhere
9,427 posts, read 4,278,674 times
Reputation: 7982
Quote:
Originally Posted by Hoonose View Post
How has our QE been dangerous?
For the same reasons you probably argued that it was when Obama was President.

QE only works as long as the dollar remains the best house in a bad neighborhood. It could potentially spark hyperinflation.
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 03:15 PM
 
9,901 posts, read 2,431,150 times
Reputation: 4906
Quote:
Originally Posted by Eli34 View Post
If we keep lowering interest rates, we will have one less tool to use when an actual recession does happen!

Thank's Trump! He really wants to get reelected before the next recession happens, but after that he doesn't care if it screws over the country. It's always about him in the end.
He just needs that one last election to keep him out of the federal pokey. The man is not only amoral, but he really has no ideology so he can abandon Republican principles entirely.

Screwing up the economy now doesn't help the family achieve their long term criminal goals.
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 03:18 PM
 
9,001 posts, read 4,007,258 times
Reputation: 1769
Quote:
Originally Posted by bawac34618 View Post
For the same reasons you probably argued that it was when Obama was President.

QE only works as long as the dollar remains the best house in a bad neighborhood. It could potentially spark hyperinflation.
I argued for, not against QE. Low interest rates were part of the economic Rx. And inflation did not become onerous because most of the QE moneys stayed withing the banking sector. Part of its economic weakness and why QE could not spark hyperinflation.
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 03:21 PM
 
19,779 posts, read 12,441,479 times
Reputation: 10940
Quote:
Originally Posted by trobesmom View Post
So, Trump's policies are biting the average Joe in the ass, so he wants the Fed to come in and rescue him from himself. How convenient.

https://www.cnbc.com/2019/08/19/trum...ve-easing.html
Isn't that what Obama did?

So you thought Obama was great for doing the same thing, yet criticize Trump not for his policies, but simply because it is Trump promoting them.
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 04:32 PM
 
Location: Seattle
1,267 posts, read 266,895 times
Reputation: 1317
My concern is that Trump's measures would hamper the Fed's ability to hasten the start of a recovery. If they implement all available measures to avoid this Recession, they will have few tools left to fight it. This will make the Recession longer and deeper than it needs to be. We've already implemented a fiscal stimuli in terms of a broad tax cut that's running up red ink, so that's one less tool in the bag.
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 04:34 PM
 
Location: 500 miles from home
30,316 posts, read 16,827,648 times
Reputation: 22806
According to Trump, this is the best economy in the history of the world, so WHY would we need QE or another rate cut?
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 04:47 PM
Status: "Now I know how Joan of Arc felt ..." (set 16 days ago)
 
Location: Boulder, CO
545 posts, read 170,845 times
Reputation: 1020
Leftists seeing their prospects dimming for 2020 and hoping, wishing and crossing their fingers for a recession.
Reply With Quote Quick reply to this message
 
Old 08-19-2019, 06:12 PM
 
9,524 posts, read 2,893,827 times
Reputation: 5713
Quote:
Originally Posted by hawkeye2009 View Post
Isn't that what Obama did?

So you thought Obama was great for doing the same thing, yet criticize Trump not for his policies, but simply because it is Trump promoting them.
I don't remember Obama demanding the fed raise rates. BTW, I hated that Obama bailed out everybody, so no I didn't like it when Obama did it. The difference here is Obama didn't cause the last recession. He wasn't even in office. I personally think we should have taken our lumps in 2008. This time it's Trump's policies that are turning this economy on its ear. And now he wants somebody, anybody to rescue his dumb ass.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply

Quick Reply
Message:


Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top