Wait til they see the positive GDP report in October.
stark247 on
They hope the economy is bad. They are literally betting against the US.
Trpepper on
Republicans want america to suffer. END OF STORY.
RamonaQ-JunieB on
Typical. They are masters at voting against their own interests. Plus they’re all about who they HATE. They don’t know what to do with good news.
dm_your_nevernudes on
It’s a simple question, whose policies will make your life better?
At this point, it’s pretty obvious that Republicans are fine with making your life worse if they can gain power from it.
homework8976 on
Must be a good move then.
ioncloud9 on
The only acceptable election interference is doing something that make republicans look good or push republican narratives.
This isn’t election interference. They have been broadcasting this rate cut for 6 months.
Its almost like republicans would prefer to see the country burn if it meant a 1% greater chance they would win power.
TrooperJohn on
It was never about the economy.
SuperGenius9800 on
When Americans win, The Putin party loses.
llahlahkje on
Don’t worry, they plan on poisoning the well with a government shutdown.
Can’t have good things happen for the 99%, now, can we?
cybermort on
Just like immigration – they don’t care about people, they don’t care about fixing things, they prefer to run on a problem and take advantage of the situation for personal gain. The country and the people be damn.
Drolb on
Democrats should be making plays for flag waving patriotism
The republicans couldn’t be leaving the ground more open, they actively hate America and Americans and prove it all the fucking time.
After the election get Pete buttigieg a job just travelling about doing any news show that will have him on going full flag waving look but from a democrat standpoint. We love Americans so much we want to look after them. We love Americans so much we want them to be able to afford stuff. We love freedom for Americans so much we’ll let them love anybody they want and control their own bodies, because it’s only between you and whatever god you believe in – and not the government – what you get up to. We love freedom so much we’re going to help people everywhere on earth tell dictators to shove it and we’re going to boost American jobs in defense and construction along the way to doing that. Tell the stories of how that’s true and point out all the ways the republicans do the exact fucking opposite.
Gotta be worth a shot.
NotaRussianbott89 on
This is just the same tired old play for the republicans. The same play book they used to to nuke the border bill . Do it for me not thee .
eternal_sorreaux on
And they now demand higher gas prices.
DigglerD on
Firefighting arsonists… What else is new.
geologicalnoise on
Party of fiscal responsibility.
Yeah fuckin right.
Cyndakill88 on
Republicans hate when you solve the problem they are actually complaining about. (See the tanked bipartisan border bill)
Bored_guy_in_dc on
>“Why couldn’t this wait until the day after the election,” Stephen Moore, a Trump economic adviser, told Semafor on Wednesday. “Days before the election screams of interference.” Moore later told Sean Hannity that to make the move 50 days before the election “looks like political interference.”
>Fox Business host Larry Kudlow also complained that he didn’t understand “why they couldn’t have waited until the day after the election — which would have depoliticized the whole Fed story.”
>Right-wing commentators on X, formerly Twitter, are also alleging a conspiracy. The pro-Trump account “End Wokeness,” which boasts over three million followers, wrote that “The Biden-Harris fed just cut rates by its largest amount since the 2008 crash. Either the economy is about to crash OR they’re trying to rig the election.”
>Rep. Andy Ogles (R-Tenn.) told Fox Business that the rate cut was “clearly political,” and evidence that the “out of control” Biden administration is “politicizing the Fed.”
What is hilarious to me is that if a republican was president right now, they would be signing praises about the rate cut. I hope there is a landslide so these jerks get to watch their god emperor have a narcissistic melt down.
YesterShill on
Correct.
For Republicans, winning the vote is more important than helping America and Americans.
Campcruzo on
If they stepped back in Trump would immediately lean on the fed to drive rates to negative, this would help make a lot of people and companies with money more money, but would also start a feedback loop again that would lead to more massive inflation a few years down the road. Those with already ridiculous amounts of capital can weather that and come out ahead (again) and literally everyone else functionally loses 4 years of investing in the wash. And that’s the best case scenario.
MeetingKey4598 on
They want a recession and markets to crash and unemployment to surge. They are more pissed that Powell said that target inflation rates are nearly here, which is antithetical to their messaging for November.
They want to run on the economy tanking and inflation surging, but it’s going to make little progress as older generations check their retirement accounts and see the record high markets and inflation under control. And for younger generations who are paying attention, they’re hearing those that are most in tune with the US economy pointing out that inflation is under control to the point that inflation-reducing measures are being scaled back.
They hoped and prayed for a significant stock market crash over the next two months and it’s very unlikely they’re going to get it. I’m sure there will cotninue to be ebbs and flows as there usually are, but just look at 1/3/5 year charts and see that even the ‘Kamala crash’ a couple months ago was very short lived and barely a blip in the long run.
AzuleEyes on
An independent federal reserve is one of the cornerstones that keeps the US dollar defacto global reserve currency. MAGA lunatics don’t have the barest concept of what they’re fucking with.
sonostanco72 on
The GOP a doesn’t want to solve issues, they want to keep the problems so they can blame the democrats. Just like they did with the border deal and will end up doing with the government shutdown.
Undecided voters need to wake up and realize the GOP doesn’t care about you, except themselves and the 1%.
IronyElSupremo on
Political theater. If Trump wins, he will want to cut rates anyways and bully the Fed if he doesn’t get his way.
In terms of helping the Democrats, what price cuts occurred already happened. Think more people are “concerned” about the allegations Fido and Mr Whiskers are being turned into tuna casserole (Democrats, true independents and sane Republicans shaking their heads, while MAGA worried about what’s in their fridge’s leftovers?)
AKMonkey2 on
Same strategy as killing the border deal. They’d rather run on problems than fix them, as Kamala pointed out.
dblan9 on
Because they never stopped being Confederates who hate America.
nomorerainpls on
Remembering all those times Trump harassed JP into lowering rates during the “best economy in the history of the world,” leaving the Fed with fewer options to stimulate the economy when rate cuts would have been useful. Republicans I think just assume the average American is too stupid to understand macroeconomics because their record on the Fed, interest rates, monetary policy and taxes are absolutely terrible.
107reasonswhy on
Don’t the Democrats know that it’s illegal for good things to happen when a Democrat is in the White House?
Imacatdoincatstuff on
MAGA would love to see a stock market crash right now.
Worked for the National Socialists in 1929.
Navyguy73 on
Republican Congressmen: Falling over themselves to make Trump’s lies a reality since 2017.
62frog on
They’ve (the Fed) been talking about this for months and months. It’s hilarious like they try to make this as some snap decision to help the Dems.
UsedCouchesAndGloves on
As of writing this truth social is down to $14.96/share. It is lower than when it was first listed. All gains have been wiped out.
Serialfornicator on
Trump demanded that Powell keep rates at 0 and even wanted them to go negative at one point. Why? HE IS A REAL ESTATE PERSON AND MAKES MORE MONEY WHEN INTEREST RATES ARE LOW. He is a scumbag and only looks out for himself. If republicans really loved trump they would want to enrich him even more by keeping rates LOW! This is political posturing. Fuck them.
naotoca on
My uncle curses under his breath when we drive past the corner gas station and he sees that the price has gone down too. They don’t actually want these things to improve for people. They just want Trump.
CloudAllison on
What’s lost in the reporting that the President doesn’t control interest rates is that Trump already threatened/blackmailed Jerome Powel to manipulate rates in his favor in exchange for keeping him on: [https://fortune.com/2024/08/01/donald-trump-fed-rate-jerome-powell/](https://fortune.com/2024/08/01/donald-trump-fed-rate-jerome-powell/)
Kind-City-2173 on
It is not a political move because: 1. Trump appointed Powell, 2. Monetary changes won’t flow through to the economy for 12-18 months, 3. If the Fed was behind the current admin, they would have been more quick to react to rising inflation, 4. They are just following the data. It is clear that we have inflation on a good track and unemployment is becoming a concern, 5. A cut is good for everyone so they should be happy about it
Myghost_too on
Remember when DJT demanded they lower them, when the Obama economy was still booming and he was taking g credit?
To the extent that President’s can cause inflation, that was a big contribution. Now the time is actually right for a half-point drop and he’s whining because it is bad for HIM!
Fuck that orange fool.
Squirrel_Chucks on
>Trump suggested the Fed may be “playing politics” during an event in New York on Wednesday.”…
…
>The former president’s backlash is a bit ironic, considering that Trump himself appointed Powell to lead the bank in 2018, and how actively Trump pressured the Fed to manipulate
interest rates in his favor during his presidency.
…
>Now, Trump and his allies are attempting to paint Wednesday’s decision to lower interest rates as election interference by the central bank.
This reminds me of when Republicans SAID they didn’t want to pass that immigration bill that REPUBLICANS DRAFTED because they didn’t want anything good to happen that Biden could take credit for.
When you don’t have any real beliefs you can say things like this.
gymtrovert1988 on
I’m upset too… now that I’m no longer getting 5% interest on my cash, I’ll have to put it into stocks, and so will a lot of others.
They’re gonna be mad seeing the stock market going higher while their DJT stock goes to 0.
businessboyz on
Republicans hate experts because they live in an objective world instead of a political one.
I’ll never forget working for a publicly traded insurance company when we included climate change as a significant risk to future profits in our 10k report. My boss, who was the chief climatologist for the company, and the head actuary got dragged in front of a Senate subcommittee to answer questions from dumbass GOP Senators about why a property insurance company would dare to acknowledge the risks posed by climate change.
Just a party of absolute clowns.
TacticalFunky on
If it’s good news for Americans, it’s almost certainly bad news for Republicans.
That’s how far the GOP has fallen.
Therunningman06 on
Like every damn thing is supposed to stop just for the election.
These people are crazy.
cometflight on
Good on the Fed for not succumbing to political pressure.
Phantom_61 on
They want to government to shutdown, they want gas prices high, the want the economy to be ridiculous.
These assholes want the country to burn so their pockets and power can grow, and idiots still vote for them because “my team has to win!!!”.
Fucking tribalism bullshit.
Not_Jeff_Hornacek on
Obviously FOMC Chairman Powell is totally beholden to the Democrat that appointed him, which was (checks notes) nevermind.
MK5 on
Republicans are livid that oxygen is free.
Erkzee on
Can’t run on gas prices, can’t run in interest rates, can’t run on policy. Just run on hate and fear.
47 Comments
Wait til they see the positive GDP report in October.
They hope the economy is bad. They are literally betting against the US.
Republicans want america to suffer. END OF STORY.
Typical. They are masters at voting against their own interests. Plus they’re all about who they HATE. They don’t know what to do with good news.
It’s a simple question, whose policies will make your life better?
At this point, it’s pretty obvious that Republicans are fine with making your life worse if they can gain power from it.
Must be a good move then.
The only acceptable election interference is doing something that make republicans look good or push republican narratives.
This isn’t election interference. They have been broadcasting this rate cut for 6 months.
Its almost like republicans would prefer to see the country burn if it meant a 1% greater chance they would win power.
It was never about the economy.
When Americans win, The Putin party loses.
Don’t worry, they plan on poisoning the well with a government shutdown.
Can’t have good things happen for the 99%, now, can we?
Just like immigration – they don’t care about people, they don’t care about fixing things, they prefer to run on a problem and take advantage of the situation for personal gain. The country and the people be damn.
Democrats should be making plays for flag waving patriotism
The republicans couldn’t be leaving the ground more open, they actively hate America and Americans and prove it all the fucking time.
After the election get Pete buttigieg a job just travelling about doing any news show that will have him on going full flag waving look but from a democrat standpoint. We love Americans so much we want to look after them. We love Americans so much we want them to be able to afford stuff. We love freedom for Americans so much we’ll let them love anybody they want and control their own bodies, because it’s only between you and whatever god you believe in – and not the government – what you get up to. We love freedom so much we’re going to help people everywhere on earth tell dictators to shove it and we’re going to boost American jobs in defense and construction along the way to doing that. Tell the stories of how that’s true and point out all the ways the republicans do the exact fucking opposite.
Gotta be worth a shot.
This is just the same tired old play for the republicans. The same play book they used to to nuke the border bill . Do it for me not thee .
And they now demand higher gas prices.
Firefighting arsonists… What else is new.
Party of fiscal responsibility.
Yeah fuckin right.
Republicans hate when you solve the problem they are actually complaining about. (See the tanked bipartisan border bill)
>“Why couldn’t this wait until the day after the election,” Stephen Moore, a Trump economic adviser, told Semafor on Wednesday. “Days before the election screams of interference.” Moore later told Sean Hannity that to make the move 50 days before the election “looks like political interference.”
>Fox Business host Larry Kudlow also complained that he didn’t understand “why they couldn’t have waited until the day after the election — which would have depoliticized the whole Fed story.”
>Right-wing commentators on X, formerly Twitter, are also alleging a conspiracy. The pro-Trump account “End Wokeness,” which boasts over three million followers, wrote that “The Biden-Harris fed just cut rates by its largest amount since the 2008 crash. Either the economy is about to crash OR they’re trying to rig the election.”
>Rep. Andy Ogles (R-Tenn.) told Fox Business that the rate cut was “clearly political,” and evidence that the “out of control” Biden administration is “politicizing the Fed.”
What is hilarious to me is that if a republican was president right now, they would be signing praises about the rate cut. I hope there is a landslide so these jerks get to watch their god emperor have a narcissistic melt down.
Correct.
For Republicans, winning the vote is more important than helping America and Americans.
If they stepped back in Trump would immediately lean on the fed to drive rates to negative, this would help make a lot of people and companies with money more money, but would also start a feedback loop again that would lead to more massive inflation a few years down the road. Those with already ridiculous amounts of capital can weather that and come out ahead (again) and literally everyone else functionally loses 4 years of investing in the wash. And that’s the best case scenario.
They want a recession and markets to crash and unemployment to surge. They are more pissed that Powell said that target inflation rates are nearly here, which is antithetical to their messaging for November.
They want to run on the economy tanking and inflation surging, but it’s going to make little progress as older generations check their retirement accounts and see the record high markets and inflation under control. And for younger generations who are paying attention, they’re hearing those that are most in tune with the US economy pointing out that inflation is under control to the point that inflation-reducing measures are being scaled back.
They hoped and prayed for a significant stock market crash over the next two months and it’s very unlikely they’re going to get it. I’m sure there will cotninue to be ebbs and flows as there usually are, but just look at 1/3/5 year charts and see that even the ‘Kamala crash’ a couple months ago was very short lived and barely a blip in the long run.
An independent federal reserve is one of the cornerstones that keeps the US dollar defacto global reserve currency. MAGA lunatics don’t have the barest concept of what they’re fucking with.
The GOP a doesn’t want to solve issues, they want to keep the problems so they can blame the democrats. Just like they did with the border deal and will end up doing with the government shutdown.
Undecided voters need to wake up and realize the GOP doesn’t care about you, except themselves and the 1%.
Political theater. If Trump wins, he will want to cut rates anyways and bully the Fed if he doesn’t get his way.
In terms of helping the Democrats, what price cuts occurred already happened. Think more people are “concerned” about the allegations Fido and Mr Whiskers are being turned into tuna casserole (Democrats, true independents and sane Republicans shaking their heads, while MAGA worried about what’s in their fridge’s leftovers?)
Same strategy as killing the border deal. They’d rather run on problems than fix them, as Kamala pointed out.
Because they never stopped being Confederates who hate America.
Remembering all those times Trump harassed JP into lowering rates during the “best economy in the history of the world,” leaving the Fed with fewer options to stimulate the economy when rate cuts would have been useful. Republicans I think just assume the average American is too stupid to understand macroeconomics because their record on the Fed, interest rates, monetary policy and taxes are absolutely terrible.
Don’t the Democrats know that it’s illegal for good things to happen when a Democrat is in the White House?
MAGA would love to see a stock market crash right now.
Worked for the National Socialists in 1929.
Republican Congressmen: Falling over themselves to make Trump’s lies a reality since 2017.
They’ve (the Fed) been talking about this for months and months. It’s hilarious like they try to make this as some snap decision to help the Dems.
As of writing this truth social is down to $14.96/share. It is lower than when it was first listed. All gains have been wiped out.
Trump demanded that Powell keep rates at 0 and even wanted them to go negative at one point. Why? HE IS A REAL ESTATE PERSON AND MAKES MORE MONEY WHEN INTEREST RATES ARE LOW. He is a scumbag and only looks out for himself. If republicans really loved trump they would want to enrich him even more by keeping rates LOW! This is political posturing. Fuck them.
My uncle curses under his breath when we drive past the corner gas station and he sees that the price has gone down too. They don’t actually want these things to improve for people. They just want Trump.
What’s lost in the reporting that the President doesn’t control interest rates is that Trump already threatened/blackmailed Jerome Powel to manipulate rates in his favor in exchange for keeping him on: [https://fortune.com/2024/08/01/donald-trump-fed-rate-jerome-powell/](https://fortune.com/2024/08/01/donald-trump-fed-rate-jerome-powell/)
It is not a political move because: 1. Trump appointed Powell, 2. Monetary changes won’t flow through to the economy for 12-18 months, 3. If the Fed was behind the current admin, they would have been more quick to react to rising inflation, 4. They are just following the data. It is clear that we have inflation on a good track and unemployment is becoming a concern, 5. A cut is good for everyone so they should be happy about it
Remember when DJT demanded they lower them, when the Obama economy was still booming and he was taking g credit?
To the extent that President’s can cause inflation, that was a big contribution. Now the time is actually right for a half-point drop and he’s whining because it is bad for HIM!
Fuck that orange fool.
>Trump suggested the Fed may be “playing politics” during an event in New York on Wednesday.”…
…
>The former president’s backlash is a bit ironic, considering that Trump himself appointed Powell to lead the bank in 2018, and how actively Trump pressured the Fed to manipulate
interest rates in his favor during his presidency.
…
>Now, Trump and his allies are attempting to paint Wednesday’s decision to lower interest rates as election interference by the central bank.
This reminds me of when Republicans SAID they didn’t want to pass that immigration bill that REPUBLICANS DRAFTED because they didn’t want anything good to happen that Biden could take credit for.
When you don’t have any real beliefs you can say things like this.
I’m upset too… now that I’m no longer getting 5% interest on my cash, I’ll have to put it into stocks, and so will a lot of others.
They’re gonna be mad seeing the stock market going higher while their DJT stock goes to 0.
Republicans hate experts because they live in an objective world instead of a political one.
I’ll never forget working for a publicly traded insurance company when we included climate change as a significant risk to future profits in our 10k report. My boss, who was the chief climatologist for the company, and the head actuary got dragged in front of a Senate subcommittee to answer questions from dumbass GOP Senators about why a property insurance company would dare to acknowledge the risks posed by climate change.
Just a party of absolute clowns.
If it’s good news for Americans, it’s almost certainly bad news for Republicans.
That’s how far the GOP has fallen.
Like every damn thing is supposed to stop just for the election.
These people are crazy.
Good on the Fed for not succumbing to political pressure.
They want to government to shutdown, they want gas prices high, the want the economy to be ridiculous.
These assholes want the country to burn so their pockets and power can grow, and idiots still vote for them because “my team has to win!!!”.
Fucking tribalism bullshit.
Obviously FOMC Chairman Powell is totally beholden to the Democrat that appointed him, which was (checks notes) nevermind.
Republicans are livid that oxygen is free.
Can’t run on gas prices, can’t run in interest rates, can’t run on policy. Just run on hate and fear.