Threats like the ones Powell's receiving would be the end of any other presidency. Why tech elites continue to align themselves with this clownshow will be a source of incredible shame that I'll hold onto forever.
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Statement from Jerome Powell
221–230 of 871 posts
Re: Statement from Jerome Powell
#222Remember early in his first term when he tested waters but the governmental system pushed back and kept him in check? It feels like an out of body experience to look at this and contemplate how much he’s changed about how the U.S. government conducts itself.
Trump #1 came unprepared, that hasn't repeated.
Re: Statement from Jerome Powell
#223this is a big deal, markets gonna tank tomorrow morning... and then realize AI is still a thing and recover
Or realize it means interest rates are sure to be dropping.
Re: Statement from Jerome Powell
#224Remember early in his first term when he tested waters but the governmental system pushed back and kept him in check? It feels like an out of body experience to look at this and contemplate how much he’s changed about how the U.S. government conducts itself.
In his first term, he probably didn't yet understand how much power the office truly holds and how to wield it and just how far you can go with that. Because the main restriction on all of that power has always been convention rather than any actually robust guard rails. But no one, not even someone like Nixon, has ever dared to truly test that out.
Cause most of the capricious use of power is expensive and people used to care about the budget.
Re: Statement from Jerome Powell
#225[flagged]
Re: Statement from Jerome Powell
#226Threats like the ones Powell's receiving would be the end of any other presidency. Why tech elites continue to align themselves with this clownshow will be a source of incredible shame that I'll hold onto forever.
I think a lot of largest tech companies feel that they'll face retribution from the current administration for not being supportive enough but would not from future admins. For many of the smaller players I think there's unfortunately a lot of people who realized there's significant money to be made in grifting. Many of the largest crypto proponents have pivoted into endeavors, whether crypto or otherwise, that profi…
> I think a lot of largest tech companies feel that they'll face retribution from the current administration for not being supportive enough but would not from future admins.
The Democrats should play hardball but the geriatrics can barely take a swing.
Re: Statement from Jerome Powell
#227They're already pursuing a case against another Fed board member, and now this? I have a feeling these two cases are going to suffer the same fate as the Letita James and James Comey cases: thrown out due to incompetence and/or malfeasance. It's a disgusting, clear weaponization of the DOJ.
MAGA, of course, tried to accuse Biden of weaponizing them during his term so that they could justify the Trump 2.0 revenge tour. Now we're here.
Re: Statement from Jerome Powell
#228Threats like the ones Powell's receiving would be the end of any other presidency. Why tech elites continue to align themselves with this clownshow will be a source of incredible shame that I'll hold onto forever.
As I've written in another post, everyone is doomed to either align or face his rage.
Re: Statement from Jerome Powell
#229Powell for president please
He printed way too hard when Trump asked him to in '20.
Re: Statement from Jerome Powell
#230Remember early in his first term when he tested waters but the governmental system pushed back and kept him in check? It feels like an out of body experience to look at this and contemplate how much he’s changed about how the U.S. government conducts itself.
In his first term, he probably didn't yet understand how much power the office truly holds and how to wield it and just how far you can go with that. Because the main restriction on all of that power has always been convention rather than any actually robust guard rails. But no one, not even someone like Nixon, has ever dared to truly test that out.
I hate to assign him so much agency. The man seems a complete buffoon who lacks the ability to plan anything beyond real estate fraud. Instead, I look to all of the people in his orbit who can orchestrate long term goals. Sure, he will self sabotage many schemes, but will directionally go where the handlers want. Vance, Miller, Heritage Foundation, etc are the ones guiding most policy decisions.
That tariffs have been so absolutely scattershot, says Trump actually is the one calling the shots there.