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Thu Aug 15, 2019, 12:30 AM

Trump is scared about the economy, and he's setting up Jerome Powell as his fall guy

For the first two years of his presidency, Donald Trump bore an existential fear of the Russia investigation. And more often than not, he focused his ire on one man: then-attorney general Jeff Sessions.

It's possible the bigger threat to Trump's presidency is now the economy, which is showing increasing signs of instability. And just as before, Trump appears genuinely worried and has found one man on which to focus his blame:

Federal Reserve Chairman Jerome Powell.

Powell could be in for a world of pain ahead of the 2020 election - especially if things do go south.

At: https://www.sfgate.com/news/article/Trump-is-scared-about-the-economy-and-he-s-14304736.php



Federal Reserve Chairman Jerome Powell and friend.

As the effects of Trump's trade wars and deficits are increasingly felt in the economy, the need for a scapegoat rises proportionately - all the more so in an election year.

15 replies, 750 views

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Response to sandensea (Original post)

Thu Aug 15, 2019, 12:34 AM

1. I think that photo pretty much proves your theory...

n/t

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Response to Blue Owl (Reply #1)

Thu Aug 15, 2019, 12:49 AM

3. Doesn't it though.

Powell looks like he's about to blink out an SOS signal.

Cheeto looks a third world thug holding him hostage - like Saddam Hussein or Idi Amin.

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Response to Blue Owl (Reply #1)

Thu Aug 15, 2019, 02:11 AM

7. He is looking the same way that he did with Hillary

during the debates. He looks like a hungry shark.

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Response to BigmanPigman (Reply #7)

Thu Aug 15, 2019, 02:47 AM

10. Oh .. he is!! Didn't see that until you said it

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Response to BigmanPigman (Reply #7)

Fri Aug 16, 2019, 02:22 PM

15. The Trump chair hump

Who can forget that one!



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Response to sandensea (Original post)

Thu Aug 15, 2019, 12:37 AM

2. Jerome should probably just mark it zero, take his bowling ball, and go home ...

No need to enter a world of pain ...

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Response to mr_lebowski (Reply #2)

Thu Aug 15, 2019, 12:55 AM

4. I'm sure he has half a mind to leave this minute - and who could blame him!

Except he knows that if he did step aside, the Orange Oaf would probably replace him with Jim Cramer or Gretchen Carlson.

Maybe even Incestvanka.

Poor guy.

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Response to sandensea (Original post)

Thu Aug 15, 2019, 01:03 AM

5. "Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Res"




We are winning, big time, against China. Companies & jobs are fleeing. Prices to us have not gone up, and in some cases, have come down. China is not our problem, though Hong Kong is not helping. Our problem is with the Fed. Raised too much & too fast. Now too slow to cut....

..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!

Totally loony tunes.

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Response to progree (Reply #5)

Thu Aug 15, 2019, 01:24 AM

6. If he knew better, Cheeto would avoid commenting on the economy (or anything, really)

Those brain farts of his usually sound like he just dropped acid.

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Response to sandensea (Original post)

Thu Aug 15, 2019, 02:18 AM

8. who appointed Jerome Powell?

I rest my case.

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Response to Captain Zero (Reply #8)

Thu Aug 15, 2019, 02:23 AM

9. Sure - but as you know, Cheeto turns on people on a dime

Loyalty is very much a one-way street with him - and the second he sees the least advantage in throwing even his most valuable appointees under the bus, down they go.

Like a dawg!

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Response to sandensea (Original post)

Thu Aug 15, 2019, 03:00 AM

11. Who's the moron that appointed Powell?

Oh yeah...

Powell is actually performing sensibly, balancing the economy and inflation. There's only so much he can do though. The great Businessman seems to think huge rate cuts have no consequence.

I'm pretty sure the Fed can't be fired. He has the job if he wants it for six years.

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Response to sandensea (Original post)

Thu Aug 15, 2019, 08:13 AM

12. Donald mcdonald shouldnt be calling anyone clueless

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Response to sandensea (Original post)

Thu Aug 15, 2019, 01:01 PM

13. That was yesterday. Today: "The Fake News Media is doing everything they can to crash the economy"

Please try to keep up, comrade.

The Fake News Media is doing everything they can to crash the economy because they think that will be bad for me and my re-election. The problem they have is that the economy is way too strong and we will soon be winning big on Trade, and everyone knows that, including China!



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Response to sandensea (Original post)

Thu Aug 15, 2019, 04:34 PM

14. Our Country, unlike others, is doing great!

Walmart, a great indicator as to how the U.S. is doing, just released outstanding numbers. Our Country, unlike others, is doing great! Donít let the Fake News convince you otherwise.


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