US Election 2020

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theratman said:
Was just reading about what Fauci said, wonder how much longer he'll last. I'm sure Trump isn't too impressed.
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"I'm going to have to make a decision and I only hope to God that it's the right decision. But I would say without question it's the biggest decision I've ever had to make."
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Yeah well now you have two biggest decisions to make.

Fire Fauci is not going to go down well at all.

But based on the stupidity of your previous decisions the good doctor should start working on his CV.
 
cerebus said:
And yet, he bears a lot of the blame for the scale of the economic crisis. He didn’t cause the virus but he hasn’t done anything except make the situation worse through his ineptitude, and it will be the same with the economy after the shutdown is over. The federal response continues to be an abysmal joke and the numbers are off the charts bad.
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Unhappy438 said:
Yeah but those transgressions and faults haven't really hit their pockets.
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Having now sensed, through YouTube, some of the anger from people on the ground over how the handling of the situation is being bungled, I think that you may be right.
 
Trump's scapegoat emerges as his best ally

As pressure builds on Trump to stave off the worst economic disaster in years, he may have to turn to the same man he's pilloried for years

President Donald Trump's closest ally in the fight to stave off the worst economic disaster since the Great Depression is the same man he's pilloried for years: Federal Reserve Chairman Jerome Powell.

The world's most powerful central bank has done more, faster, than any central bank in history as the Covid-19 pandemic has ravaged the US economy, leaving tens of thousands of small businesses on the precipice of implosion and creating a cascade of job losses totaling in the millions each week.

Under Powell -- a former investment banker appointed by Trump, who has since suggested he regretted the choice -- the Fed has pushed the boundaries of actions and power to a degree that was considered exceedingly difficult, unlikely or impossible as recently as the 2008 financial crisis.

"It really is impressive the speed with which they move," David Wessel, a senior fellow in economic studies at the Brookings Institution and the author of the definitive history of the Fed's actions during the 2008 crisis. "They are doing things in days and weeks that it took them months to do during '07, '08 and '09."

The latest blast, announced this past week, would provide up to $2.3 trillion in lending programs for companies, cities and states, a move that extended the scale Fed's efforts to a place they had simply never been before.
Powell, in a conversation with Wessel on Thursday after the rollout of the latest lending bazooka, framed the action -- and everything the Fed has done -- as an effort to match the moment with commensurate action.

"None of us has the luxury of choosing our challenges; fate and history provide them for us. Our job is to meet the tests we are presented," Powell said. "At the Fed, we are doing all we can to help shepherd the economy through this difficult time."

Learning the lessons of 2008

“I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantitative tightening didn’t exactly help either,” Trump tweeted. “Where did I find this guy Jerome? Oh well, you can’t win them all!”

Trump has publicly said he has the right to fire Powell, telling the Fox Business Network in June, “I have the right to demote him. I have the right to fire him,” while adding that he had “never suggested” following through.

Powell, however, said in July that he wouldn’t leave the Fed if Trump tried to oust him.

"What I have said is the law gives me a four-year term and I fully intend to serve it,” Powell told lawmakers.


 
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TysonRoux said:
Trump's scapegoat emerges as his best ally
As pressure builds on Trump to stave off the worst economic disaster in years, he may have to turn to the same man he's pilloried for years

President Donald Trump's closest ally in the fight to stave off the worst economic disaster since the Great Depression is the same man he's pilloried for years: Federal Reserve Chairman Jerome Powell.

The world's most powerful central bank has done more, faster, than any central bank in history as the Covid-19 pandemic has ravaged the US economy, leaving tens of thousands of small businesses on the precipice of implosion and creating a cascade of job losses totaling in the millions each week.

Under Powell -- a former investment banker appointed by Trump, who has since suggested he regretted the choice -- the Fed has pushed the boundaries of actions and power to a degree that was considered exceedingly difficult, unlikely or impossible as recently as the 2008 financial crisis.

"It really is impressive the speed with which they move," David Wessel, a senior fellow in economic studies at the Brookings Institution and the author of the definitive history of the Fed's actions during the 2008 crisis. "They are doing things in days and weeks that it took them months to do during '07, '08 and '09."

The latest blast, announced this past week, would provide up to $2.3 trillion in lending programs for companies, cities and states, a move that extended the scale Fed's efforts to a place they had simply never been before.
Powell, in a conversation with Wessel on Thursday after the rollout of the latest lending bazooka, framed the action -- and everything the Fed has done -- as an effort to match the moment with commensurate action.

"None of us has the luxury of choosing our challenges; fate and history provide them for us. Our job is to meet the tests we are presented," Powell said. "At the Fed, we are doing all we can to help shepherd the economy through this difficult time."

Learning the lessons of 2008

“I agree with @jimcramer, the Fed should lower rates. They were WAY too early to raise, and Way too late to cut - and big dose quantitative tightening didn’t exactly help either,” Trump tweeted. “Where did I find this guy Jerome? Oh well, you can’t win them all!”

Trump has publicly said he has the right to fire Powell, telling the Fox Business Network in June, “I have the right to demote him. I have the right to fire him,” while adding that he had “never suggested” following through.

Powell, however, said in July that he wouldn’t leave the Fed if Trump tried to oust him.

"What I have said is the law gives me a four-year term and I fully intend to serve it,” Powell told lawmakers.
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Seriously though, how long is the USA going to keep printing money and getting away with it? What gives.
 
Randhir said:
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That backfire of Navarro's gotcha is chef's kiss. It's glorious.

If he were human, and not garbage in a skin bag, he'd be too embarrassed to go out in public again...

Sadly, shameless ghouls are the only folk who get jobs in this administration, and he'll probably be on F&F, Carlson, Ingram and Hannity tomorrow.
 
greg0205 said:
That backfire of Navarro's gotcha is chef's kiss. It's glorious.

If he were human, and not garbage in a skin bag, he'd be too embarrassed to go out in public again...

Sadly, shameless ghouls are the only folk who get jobs in this administration, and he'll probably be on F&F, Carlson, Ingram and Hannity tomorrow.
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Didn't he warn Trump early on that a pandemic was coming? Is he not one of the good people trying to keep things together from within the Trump Administration, under difficult circumstances?

Anyway, now Trump will add 60 Minutes / CBS to his long, and growing, list of Fake News Media.
 
lumeer said:
Didn't he warn Trump early on that a pandemic was coming? Is he not one of the good people trying to keep things together from within the Trump Administration, under difficult circumstances?

Anyway, now Trump will add 60 Minutes to his long, and growing, list of Fake News Media.
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Our Peter wrote a book, Death By China, where he quoted a China expert by the name of Ron Vara... I'mma let you play with the letters of "Ron Vara" and "Navarro" for a bit.

He challenged Fauci over Chloroquine claiming his degree in economics qualifies him to make pharmaceutical recommendations.

Jared found him browsing Amazon book titles.

Our pal Pete ran for election in San Diego five times. He lost all five times. Still, he got the job with Donnie 'tho, so there is that...

... So, sure, he wrote a report for Donnie in January... which we only found out about last week... and which he'd shared with *no-one else* while he watched cases and deaths mount up. In fact, he went on teevee to say regular Americans had "nothing to worry about" during that time.

Nope, lumeer, Peter Navarro is one of the bad guys.
 
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