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

submitted 4 weeks ago* (last edited 4 weeks 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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[-] WatDabney@sopuli.xyz 89 points 4 weeks 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 13 points 4 weeks ago

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

[-] calabast@lemm.ee 89 points 4 weeks ago* (last edited 4 weeks 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'

[-] grue@lemmy.world 49 points 4 weeks 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 6 points 3 weeks 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 5 points 3 weeks ago* (last edited 3 weeks 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 4 points 3 weeks 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 3 points 3 weeks 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 3 weeks 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.

[-] chiliedogg@lemmy.world 10 points 3 weeks 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 2 points 3 weeks ago* (last edited 3 weeks 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.

[-] chiliedogg@lemmy.world 6 points 3 weeks ago* (last edited 3 weeks ago)

A police officer was ~~beaten to death with an American flag.~~assaulted, pepper-sprayed, and had a stroke from the stress.

[-] WoahWoah@lemmy.world 5 points 3 weeks ago

Officer Fanone, the person you're referencing that was beaten with a flagpole by Peter Stager, was not murdered. He's still alive. He was awarded the Presidential Citizens Medal just last year.

[-] chiliedogg@lemmy.world 6 points 3 weeks ago

Your right. My mistake. The officer who died following the induction was Brian Sicknick, who was pepper sprayed and possibly struck on the head with a fire extinguisher, leading to lethal stress-induced strokes the next day.

[-] WoahWoah@lemmy.world 3 points 3 weeks ago* (last edited 3 weeks ago)

You’re absolutely right that Officer Brian Sicknick’s passing was a tragic loss. However, it’s important to clarify that while there were initial reports suggesting he was struck with a fire extinguisher or affected by pepper spray, the medical examinations confirmed he died of natural causes, specifically strokes, with no evidence of injuries or an allergic reaction. While the events of January 6 were undoubtedly stressful, no specific physical actions from that day caused his death. I (and the medical professionals that examined him) would definitely not call that "murder."

If that's the standard for "murder" than the two Trump supporters that died of heart attacks during the insurrection, the Trump supporter that died of a drug overdose during the insurrection, and that Trump supporter that was shot to death during the insurrection were "murdered," which doesn't seem accurate to me at all.

My point was that no one was "murdered" during (or after) January 6. People died, but it was mostly preexisting medical issues or suicide. And the only people that died during/on the day of the insurrection were a part of the group of idiots that were participating in the insurrection in the first place.

[-] chiliedogg@lemmy.world 4 points 3 weeks ago* (last edited 3 weeks ago)

Other medical professionals criticized him for his call. The stress and fear from being assaulted by the mob almost certainly triggered the strokes.

If you're allergic to shellfish and someone forcefeeds you shrimp and you die, they don't get to say you died of natural causes.

[-] WoahWoah@lemmy.world 1 points 3 weeks ago

Not a great analogy. Being an officer assumes stress at work.

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

That doesn't mean people aren't responsible for the outcome of the assault.

If I kill a motorcyclist because I'm checking my phone it doesn't matter that they may have been fine if they'd been in a pickup.

[-] WoahWoah@lemmy.world 1 points 3 weeks ago

You’re really reaching here. While the insurrection was undeniably horrific and the actions of that day despicable, no one was murdered. Trying to equate someone’s preexisting medical condition exacerbated by stress to “murder” is a wild leap. By this logic, every football player who dies of a genetic heart issue after exertion was "murdered" by the other players. The real issue isn’t inventing a murder where none exists—it’s that a mob stormed the Capitol, attempted to lynch the Vice President, and disrupt the democratic process. Your mental gymnastics to redefine the facts only distract from the gravity of what actually happened.

[-] chiliedogg@lemmy.world 1 points 3 weeks ago

If your committing a felony and someone dies from the unintended consequences of that felony you can be charged with murder.

It's called the "felony murder rule" and people have been sentenced to death based on it.

[-] WoahWoah@lemmy.world 1 points 3 weeks ago

[-] GoofSchmoofer@lemmy.world 57 points 3 weeks 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.

[-] HubertManne@moist.catsweat.com 49 points 4 weeks 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 22 points 4 weeks ago

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

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

The whole world got hit by inflation

[-] LibreHans@lemmy.world 5 points 4 weeks ago

The whole word dropped their interest rates.

[-] Kecessa@sh.itjust.works 7 points 3 weeks ago

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

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

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

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

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

[-] kinsnik@lemmy.world 48 points 3 weeks 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

[-] CharlesDarwin@lemmy.world 37 points 3 weeks ago

Uh, weren't these dipshits pissing and moaning about the rates being high?

[-] Red_October@lemmy.world 19 points 3 weeks ago

Which they would blame on Democrats. Any improvement under their opponents tenure has to be framed as a bad thing, lest voters notice something good happened with a Democrat in office.

[-] xmunk@sh.itjust.works 18 points 4 weeks ago* (last edited 4 weeks 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 2 points 3 weeks 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.

[-] Nougat@fedia.io 17 points 4 weeks ago

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

[-] ryper@lemmy.ca 22 points 4 weeks ago

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

[-] cogitase@lemmy.dbzer0.com 10 points 4 weeks ago

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

[-] someguy3@lemmy.world 2 points 4 weeks ago

That is quite a bit.

[-] BigMacHole@lemm.ee 14 points 4 weeks ago

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

[-] LibreHans@lemmy.world 2 points 4 weeks ago

How are lower interest rates, which leads to more money in the system, which leads to more inflation, good for the working class?

[-] runner_g 6 points 3 weeks ago

Lower interest rates also affect personal loans. Lower rates makes a new car more affordable.

[-] edgemaster72@lemmy.world 8 points 4 weeks 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 8 points 4 weeks ago

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

[-] Pantsofmagic@lemmy.world 4 points 4 weeks ago

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

[-] MediaBiasFactChecker@lemmy.world 2 points 4 weeks ago

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[-] Yewb@lemmy.world 2 points 4 weeks ago

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

this post was submitted on 20 Sep 2024

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