Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Statement from Jerome Powell

federalreserve.gov

Post reply on HN
Print view View original

601–610 of 871 posts

Re: Statement from Jerome Powell

#601

Post by luxuryballs »

__loam wrote: post #378
luxuryballs wrote: post #270

Earlier quoted context omitted.

The defense is that the status quo has become archaic and self-serving instead of serving the public so the current operations people doing some house cleaning and tossing a few rooms to see what’s going on in there is overdue, changes need to happen and power structures need to be shaken out a bit to make sure they are not getting in the way of the people they were created to act on behalf of, and scatter the ones w…

It's a funny defense coming from the most corrupt administration since Nixon

I don’t see evidence of corruption all I see is a system already heavily steeped in corruption and regulatory capture that is using fake and ironic anti-establishment narratives to try and keep it.

Re: Statement from Jerome Powell

#602

Post by croon »

rhubarbtree wrote: post #596
croon wrote: post #542

Earlier quoted context omitted.

These are all before the 2024 election: https://www.newsweek.com/donald-trump-could-try-buy-greenlan... https://www.wired.com/story/trump-cia-venezuela-maduro-regim... https://www.pbs.org/newshour/show/how-trumps-wish-for-more-f... https://www.hks.harvard.edu/centers/mrcbg/publications/end-f... Trump voters are either willfully ignorant or gleefully supportive. Maybe not the first time, but definitely the second and…

Are those links to a manifesto? You haven't answered my other points. It's just post-hoc rationalisation because you're angry.

It's not post-hoc if it was telegraphed before the election. I knew it then, as did everyone with a modicum of interest in current events.

Regarding your other points, I'm not sure I have to, but here goes:

1) I'd be keen to hear how they voted for the least worst option, on specifics.

2) Not voting is voting for whoever wins in the described two party system. At least that's how I see the trolley problem.

3) Then they weren't paying attention, but at least they can be honest when they're affected personally.

Re: Statement from Jerome Powell

#604

Post by mapontosevenths »

Loudergood wrote: post #410
mapontosevenths wrote: post #120

Earlier quoted context omitted.

> I wonder where you guys are headed. You need to know only two facts about America to guess that: * Fifty three percent of Americans now read below the sixth grade level. * As (ostensibly) a representative Democracy America's fate is dictated by the majority of it's citizens. Our future is to become a broken nation governed by middle-school student level thinking. The only way to build a better America is to build a…

In what language? 78% of Americans have English as their first language.

I don't care what language they read, just that they're capable of reading (and thinking) like adults.

Re: Statement from Jerome Powell

#605

Post by mapontosevenths »

watwut wrote: post #537
throwaway2037 wrote: post #518

Earlier quoted context omitted.

> Fifty three percent of Americans now read below the sixth grade level. I don't know what to think when I see these quotes. Are you writing a local newspaper opinion piece about the "decline of America"? How is it meaningful to this discussion? It's like a poison blowdart shot from behind the stage curtain that kills the messenger. By the way, I Googled for the equivalent stat about Canada: "48-49% having skills bel…

This talking point never contains international comparison nor historical comparison. Most people using it do not even know what "sixth grade level" actually is. They just know it means "a little".

Who cares how they're doing it in Albania? It used to be better in America, now it's worse and it's taken our entire society with it.*

I DO know exactly what sixth grade level is. It means they can read simple paragraphs, but not critically. These people lack the ability to think critically because they never learned it. They're the ones that open phishing emails and get taken by shady real estate con-men and Nigerian prince scammers.

You can be semi-literate and be a good person. You can't be semi-literate and make good decisions. Not in the modern world.

* To clarify - Reading levels in the United States have been declining at an alarming rate for a long time. They peaked in 1992 and have been steadily decaying since. You'll also note that 1992 was the year Dan Quayle was disqualified from the presidency because he couldn't spell potato. Imagine applying those standards to a modern politician.

Re: Statement from Jerome Powell

#606

Post by senordevnyc »

0ckpuppet wrote: post #588
fyredge wrote: post #445

Earlier quoted context omitted.

This is not a fallacy, simply an opinion you disagree with. But one which I strongly agree with. I'm not American, and though I may not agree completely with the politicians I voted for, I have not been blindsided yet. The second election of Trump is a symptom of Americans either unable or unwilling to look beyond single issues or sports team politics. To then turn around and act surprised is just a way to convenient…

You're missing some history that pushed former Democratic vorers to vote Trump. Taxpayer funding of NGOs that were writing grants to organizations that were effectively censoring onlinespeech. This and the Disinformation Board, and the direct phone calls from US senators and Congressmen to takedown opposition ideas n social media was a direct attack on the First Amendment by the Democrats. Yes Trump's FCC threats ove…

This “both sides” bullshit is so tired. You’re exaggerating and misleading with most of this, but even if all of this was true, it represents about a week’s worth of what Trump has done. They just shot a woman in the face, immediately started calling her a terrorist, and show no intention of even investigating it. I don’t give a single fuck about the DNC “chastising” someone when held up against this kind of slide into fascism.

Re: Statement from Jerome Powell

#607

Post by doom2 »

Aurornis wrote: post #429
JeremyNT wrote: post #375

Earlier quoted context omitted.

> There is ample ability to change events, but people must believe they can act and act together, as they have for centuries of democracy and for all human history. This is the political will of a plurality of American voters. They certainly can't claim they didn't know what they would get, and they seem unconcerned by any of these actions that many of us find terrifying. It is difficult to see how we can democracy o…

> This is the political will of a plurality of American voters. This fallacy gets repeated over and over, but it's obviously false. Have you really never voted for a candidate who went on to do things you didn't agree with? It's a quintessential fact of politics that voting for a candidate is not equivalent to an endorsement of everything that candidate does in the future. It's a premise that is obviously false when…

> It's just navel-gazing to pretend like what he's doing has high approval

Then how is it being reflected in Congress? Where are the Republicans speaking loudly on behalf of their dissatisfied constituents and voting on bills accordingly? We shouldn't have to wait every two years for a midterms or general election for the negative approval rating to make itself known, politicians can choose any time to act in a way that shows they're listening to their constituents.

Re: Statement from Jerome Powell

#609

Post by senordevnyc »

JumpinJack_Cash wrote: post #543
rootusrootus wrote: post #418

Earlier quoted context omitted.

It may be that I'm a naive optimist, but I agree with him. When I look at who the hard core believers envision as the next torch-bearer, none of them have what it takes. Not Vance, not Rubio (Rubio! Suddenly he is 'strong'?? When was that ever a widely held opinion??), not the Trump kids. Trump has a way of defying political gravity and repeatedly escaping the consequences that take down every other politician. In th…

> > not the Trump kids. Trump has a way of defying political gravity and repeatedly escaping the consequences that take down every other politician Look at Trump's interviews from the 80s and 90s. He was not always like this. If he learned his ways, others also can

In what way was he not like this?

Re: Statement from Jerome Powell

#610

Post by LastTrain »

Aurornis wrote: post #429
JeremyNT wrote: post #375

Earlier quoted context omitted.

> There is ample ability to change events, but people must believe they can act and act together, as they have for centuries of democracy and for all human history. This is the political will of a plurality of American voters. They certainly can't claim they didn't know what they would get, and they seem unconcerned by any of these actions that many of us find terrifying. It is difficult to see how we can democracy o…

> This is the political will of a plurality of American voters. This fallacy gets repeated over and over, but it's obviously false. Have you really never voted for a candidate who went on to do things you didn't agree with? It's a quintessential fact of politics that voting for a candidate is not equivalent to an endorsement of everything that candidate does in the future. It's a premise that is obviously false when…

He is the most popular Republican president, among other Republicans, we have had in our lifetime. Anecdotal: I live in a red state with red friends and red family. They might not like this or that but they are unwavering in their support for Trump the man. It is still very uncomfortable to say even the most superficially negative thing about him or his policies. So, maybe there is some internal dialog going on there that I'm not privy to, but outwardly the support is 100% there, and that is all that really matters.
Post reply on HN