Saturday, August 23, 2025

Powell is the only one standing up to Trump


Madmen in authority, who hear voices
in the air, are distilling their frenzy from some
academic scribbler of a few years back.

 

On Morning Joe of 22 August they said again that Trump is always critical of Jerome Powell, the head of the Fed. They did not indicate that Presidents are ordinarily not like that to the head of the Fed. They did not mention that the Fed being "independent" was a decision made on purpose, to protect the economy from a president who might try to usurp power from every nook and cranny of government. 

Based on the MSNBC show, you'd think Trump's behavior was totally normal. It isn't. 

 

Jerome Powell is the only one left in the federal government who is standing up to Trump. You cannot imagine how much respect and admiration I have for Powell.


As part of that same segment, Morning Joe had Christine Romans on, talking about the economy. I remember Romans from the Lou Dobbs days, when Dobbs was just starting to get strange and taking the news personally, well before Dobbs went to FOX. 

But even FOX didn't work out for him. Good job, Dobbs. I count you as one more victim of our failing economy.

Anyway, Christine Romans pointed out that what's going on in the economy now is Trump's doing. It's Trump's economy now. "Trump's tariff economy," she called it.

She's right. It's all on Trump. And the "Trump effect" has only just begun. You think things are bad now? You just wait.

No comments: