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Stock Market Rout Has Trump Fixated on Fed Chair Powell - Responses


#1

Trump's, and the GOP's, mismanagement of the economy is leading to this outcome. The first mistake Trump made was voiding the Trans-Pacific Partnership (TPP), leaving Asia to China and cutting out the US. Later, they undercut the ACA. They then created both short-term illusory profits increases along with huge government deficits. More recently, the trade war Trump set off has had numerous negative repercussions, and as expected, it harms the economy and businesses. Now, Trump blames Powell for the mistakes. There was a plan to avoid overheating the economy and to try and bring it down to reasonable levels, but Trump and the Republicans voided any sane responses to the economy.

https://www.nytimes.com/2018/12/23/us/politics/fed-chairman-trump-jerome-powell.html?comments#permid=29874639

#2

Many Republicans believed Trump's success in business would translate to good for the country, ignoring that his successes were really strings of failures. Only after multiple bankruptcies did Trump learn to offload risk to others, but then again, when in need he does dirty deals with the corrupt. Other than saving himself and blaming everyone else, did any of us really expect him to be different for the country? The Koch and the Adelson's get what they want, as will the Trump & Co., and so will some of the businesses favored by the imposition of tariffs, but for the most part, America will be weaker and worse for his ignorance and volatility.

https://www.nytimes.com/2018/12/23/us/politics/fed-chairman-trump-jerome-powell.html?comments#permid=29874704

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