"Oh no, my drinking water tastes like crap after I pooped in the well"
Voters are furious because of psychological factor of gas prices (purely psychological, it has nothing to do with economy or people's purchasing power). It bites politician's asses real hard.
So, Trump undermined himself by launching that war - but others are fine.
The overwhelming amount of expenses is for domestic products; lumber, food, services, rent, etc. Cheaper foreign shit isn't going to be meaningfully felt by the majority.
The part where the rich come in, is that the rich will disproportionally feel the upside of selling the fuel. The people on below average wage are just going to see prices rise and meager savings dilute, long before their wages grow.
Thats not to say the US isn't going to be well of as history's largest energy producer ever, but the reshuffling is going to be extremely painful for a majority of Americans.
Typo for "reindustrialize"? Is the idea to move people from well paying comfortable services jobs to uncomfortable repetitive lower paid factory work by forcibly lowering their standard of living?
I'm trying to imagine your painted scenario in a positive light ie; "everyone has well paying comfortable service jobs."
Do you feel that the rest of the world will just allow itself to become the "butler" of the US, so we can all make $50 usd an hour doing easy jobs? Of course not. As the dollar weakens, and imports rise, we only get skewered more, while our "comfortable service jobs" become worthless.
He had that big falling out with Elon so that he can't be accused of pandering to him when electric car sales go through the roof.
I have also heard that this is really "big oil's" plan, they always manage to cause a huge price spike just when green energy is about to take over the market, somehow this stops the green revolution and forces everyone to go back to using fossil fuels.
But we can easily affort 500+ million per day for faraway foreign wars! That, no problem.
>In Brown v. Hartlage (1982), a Supreme Court case where a Kentucky county commissioner promised to reduce his salary if elected, the Court unanimously drew a line between policy promises and vote buying. “A candidate’s promise to confer some ultimate benefit on the voter, qua taxpayer, citizen, or member of the general public, does not lie beyond the pale of First Amendment protection,” Justice William Brennan Jr. wrote. Given that precedent, Trump is almost certainly within the bounds of the law (you might remember Elon Musk wasn’t charged for handing out $1 million checks to people during a campaign rally in Wisconsin in exchange for “taking the time to vote.”).
- Cancel student loans
- Reduce federal tax rates
- Increase unemployment/pension/etc payouts
Maybe you mean this, but it's important to be clear about the distinctions we don't mislead people, and then someone tells them the whole truth, and then they wonder what else we were wrong about.
The only thing previously stopping them holding the strait "hostage" was the threat from the US of doing an "Operation Praying Mantis v2" and destroying their navy and attacking them.
And when the US did that anyway, they had nothing to lose.
Took me a while to understand that you were not referring to the US here.
I expect to see the president fire the Fed, nationalise it and make the rates negative, collapsing the economy.
The problem is Bessent trying to control something that he has never had any control over, by jawboning the market and doing silly things like trying to intervene. Bessent is the Treasury secretary. Treasury does not, and never has, controlled the yield curve. Whatever games he plays buy buying and selling bonds has only a short term psychological effect on the market, and soon people brush it off.
The Fed controls the yield curve, not Treasury.
Bessent is a hedge fund guy that is really not well suited to the role he is playing. Now, they want to put Bessent in charge of economic sanctions against Iran, when we shouldn't even have any sanctions against Iran. The US is sanctioning the world's top oil producers, and then complaining about oil shortages.
The bigger question is whether the other Gulf states (that we ally with or support) are any better and whether or not they deserve sanctions too. The West is clearly not in a place within the ME to preach morals, but that doesn't mean countries like Iran don't deserve sanctions.
Pure lie. The inspiration for suicide bombings comes from the Israeli and their fascination for Samson, and the Irgun praised suicide attacks for decades after their dissolution. The "Front for the Liberation of Lebanon from Foreigners" was an Israeli proxy in Lebanon who started suicide bombings before the Hezbollah. It was quickly adopted by all sides - including secular nationalists - in the Lebanese civil war because it worked. Sunni and secular nationalists don't listen to Shia scholars.
>They are interventionists who want to be the spiritual centre of Islam, they are the opposite of passive actors in their region.
They are an oppressed minority in all of Islam, the majority Sunni have always wanted to exterminate all of them. Iran is the only Shia country, their only safe refuge, similar is Israel for the Jews. You tell disgusting lies. If anything, it is the Saudi - the very good friends of the USA - who are the expansionists and interventionists.
Inflate away the $40Trillion+ debt they can never pay back
Or
Hard default on the debt, and be the one holding the hot potato as the union breaks up.
Fed is trying to thread the needle between the two and keep the music playing as long as possible.
American exceptionalism even in failure?
Fed independance is about tempering that policy so UST still has buyers.
Not really, inflating it away is the only possible choice.
The thinking process is just line their pockets with as much as possible before they lose their position to someone else.
Once you understand that everything is rational. If not desirable.
The populace is who is too interested in winning politics as a sport that the politicians have really no choice other than to focus entirely on winning the next election.
If the voters treat politics as a constant form of sports entertainment, constantly checking the latest news and events, then voters are actually the fundamental problem as to why the politicians can not do anything in terms of long term planning.
If you want to reduce the spectacle, replace FPTP with a better system that eliminates the need for primaries, and get rid of Citizens United. Good luck.
The easy acceptance of this authoritarian governing style has been one of the most damaging to the idea of democracy. America's democratic institutions have great marketing but many of us outside the country and not subjected daily to that marketing have long known it is an particularly weak form of democracy and open to corruption, demagoguery and populism. Americans have a susceptibility to authority and hierarchical normalisation, has left them open to this.
Allowing stock buybacks and not taxing dividends heavily is a choice. Not breaking up monopolies is a choice. Inflation comes down to high oil prices and corporate greed powered by weak competition. Starting wars is Trump's fault. Subsidizing big oil instead of setting price controls is also his choice, as is doing everything he can to slow down EV adoption that would reduce demand.
Are any cost drops being passed on as lower prices?
Americans across the political spectrum will call you a communist for this, as they do whenever rent controls are brought in.
But you know what, I’m glad to see that the fed is still operating independently. The doomer in me thought they’d fold to Trump, especially right before the midterms.
But even that is not providing him comfort these days. Representative Joyce Beatty (D-OH), an ex-officio member of the Kennedy Center board and the member who sued over his takeover of the center, explained to Symone Sanders-Townsend of MS NOW that Trump called into the board meeting after the court decision and “went into a tantrum.”
While most people appear to have refused to confront Trump to his face—Maine governor Janet Mills’s “We’ll see you in court” was so rare it made headlines—Beatty took him on. She recounted: “It was the most unprofessional thing that I’ve ever witnessed or been a part of it.” But after he called her “an obstructionist” and “dumb” and said he thought she was “incompetent,” she retorted: “I know you’re incompetent.” Beatty appealed to the chair to stop Trump’s unprofessional behavior, but when he continued to berate her, claiming it would be her fault if someone were killed at the center, she responded: “You’re already killing people, we’re at war.” And when he talked about what a great developer he was, she “reminded him that he had more bankruptcies than anybody in the room.”
“I mean, it really went there,” Beatty told Sanders-Townsend. “I was not going to let him bully me, intimidate me. And the facts stand for themselves.”
Indeed, these days, facts across the board are challenging Trump’s image of himself.
Interest Rates in the United States should be 1%, or less, because we are the Best Credit in the World — BY FAR. Our Country is BOOMING with new Investment! If we stopped Trading with every country that we have a Deficit with, which is most of them, we would make, at least, 1.5 Trillion Dollars a year. The word “Deficit” is nothing more than a fancy word for LOSS. We are “carrying” almost every country in the World, and that cannot go on any longer. LOWER THE INTEREST RATES FOR THE UNITED STATES OF AMERICA, AND FAST! President DONALD J. TRUMP
https://truthsocial.com/@realDonaldTrump/posts/1172826433186...
He is demanding 1% rates and to cut off all foreign trade because that'll somehow make $1.5T.
Dear US, try not to take the rest of the world with you when. You implode.
It's not like Donald Trump didn't use this exact strategy already when he had to get out of debt from his private ventures.