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Statement from Jerome Powell

federalreserve.gov

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Re: Statement from Jerome Powell

#621

Post by jordanpg »

fzeroracer wrote: post #393
jordanpg wrote: post #310

Earlier quoted context omitted.

Stated differently, if things really are so bad (and I would be the first to agree that things are pretty bad), then why are so many comfortable people (like me) not out on the street every day? There are a lot of reasons for that, of course, but the bottom line is that when things get bad enough -- much worse than they are today -- then more people will take to the street, along with whatever sacrifice that entails.…

People are taking to the streets. People are getting beaten, their property destroyed, their homes invaded and even murdered in Minneapolis as a result. The problem is that the US is massive; most people don't live in an active ICE zone where agents are going door to door kicking it in and pulling people out. But even then, people are getting angrier. The injustices in Minneapolis triggered waves of protests here in…

People are, yes, but I'm not. I'm looking inward and trying to be honest about what it's going to take to get me on the street.

Re: Statement from Jerome Powell

#622

Post by tharmas »

palmotea wrote: post #439
Aurornis wrote: post #429

Earlier quoted context omitted.

> 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…

>> This is the political will of a plurality of American voters. > This fallacy gets repeated over and over, but it's obviously false. And it's used to condemn and justify . Most politicians, including Democrats , like to pretend that winning means the unpopular policies they happen to like are the will of the people. They will constantly gaslight you on it. In reality, American politics gives people coarse choices t…

No matter who u vote for u always get a Neocon. - George Carlin

...and a neoliberal.

Re: Statement from Jerome Powell

#623

Post by naijaboiler »

throw0101d wrote: post #593
fooey wrote: post #145

Earlier quoted context omitted.

There's basically nothing the American people can do short term. The US government is entirely non-responsive and only nominally representative. Barring a wave of Republican retirements in the House, the absolute soonest there are any guardrails are after the 2026 midterms when a new congress is seated in 2027.

> There's basically nothing the American people can do short term. If there are ICE agents in your area follow and film them. Create evidence of their jackboot tactics. Most folks do not like force/violence, and the more people see the jackboot policies and actions of one side, the more folks will lean towards the side(s) that are against those policies.

58% of Americans were okay with goverment shooting at protesting students at Kent State shooting.

Re: Statement from Jerome Powell

#624

Post by naijaboiler »

LorenPechtel wrote: post #123
whatever1 wrote: post #44

Earlier quoted context omitted.

Everyone calling it out was named a doomer. Well doom is here. Congrats.

Fundamentally, people don't like situations with no good answer. I see it again and again, present a problem with no good answer and most people will resort to the answer that aligns with their political leanings even when faced with clear evidence they are wrong. Look how quickly big business rolled over for The Felon--because they saw what mot people have been denying since the election.

big business will always act in the interest of big business. Only a stupid business man will confront the full-might of the executive branch of the federal government heads on, particularly when the President is showing that he is willing to use that power against anybody

Re: Statement from Jerome Powell

#625

Post by AnimalMuppet »

tharmas wrote: post #620
maest wrote: post #568

Earlier quoted context omitted.

Trump still has plenty of support from large swathes of Americans despite his increasingly more overt actions. For many, he _is_ doing what he was elected to do. This _is_ what the American voter wants. The American voter wants illegal immigrants out, does not care how it happens. They also want cheap oil and are willing to overlook the implications of international military action if it means they get it. They also…

All true but what about his proposal to increase defense spending by a Whopping $500 Billion? Are his supporters 'down' with that?

Is Congress down with that? Down enough to actually pass a budget that contains it?

Re: Statement from Jerome Powell

#626

Post by insane_dreamer »

mrtksn wrote: post #458
fooey wrote: post #145

Earlier quoted context omitted.

There's basically nothing the American people can do short term. The US government is entirely non-responsive and only nominally representative. Barring a wave of Republican retirements in the House, the absolute soonest there are any guardrails are after the 2026 midterms when a new congress is seated in 2027.

Of course there’s, it’s just that anti-Trump people don’t care as much and are not as brave as the pro-Trump people. MAGA people stormed the capitol, anti-Trump people just write well thought concerns on the internet. MAGA people for years endured deplatforming and being outcasts but developed methods to deal with it, the anti-Trump people are scared to lose what they have and are too concerned about their difference…

A big difference is that if anti-Trump protesters tried to storm the Capitol like MAGA did, they would be shot dead.

Re: Statement from Jerome Powell

#627

Post by naijaboiler »

Tanoc wrote: post #467
SpicyLemonZest wrote: post #26

Earlier quoted context omitted.

I implore you to stop being credulous before it's too late. Trump supporters deeply believe, and are not shy about saying, that anyone who stops Trump from achieving his political goals should be imprisoned or murdered.

I have a family member like this who I interact with almost every day. When Renee Good was fatally shot in the face three times this family member said that she deserved it for "getting in the way" and that if she just ignored them she wouldn't have been murdered. With all of the video recordings that have come out and been extensively disseminated, pretty much everyone knows that she moved out of the way and stopped…

Conservatives all over have 1 disease. They are incapable of abstract empathy. Until it personally happens to them, or someone very very close to them, they are incapable of noticing injustices or hurts.

Re: Statement from Jerome Powell

#628

Post by beej71 »

loeg wrote: post #42
Loughla wrote: post #19

Earlier quoted context omitted.

Is it just a cynical view that enough voters can be convinced it's the other side at fault? Someone who supports trump, please let me know the logic on this. Genuinely. I'm trying to read other places about these charges but they're just so slanted that they're not really trustworthy. Is there anything to this, or is it really just to pressure the federal reserve?

I don't think it's that deep or that Trump is even thinking ahead. He just wants the rates to be lower.

This model makes the most sense to me. If you just model it as: Trump wants to do things that make Trump look good, everything he's done fits into it quite nicely. If you want to predict his next move, think to yourself, what does Trump think will make him look the best to his adoring supporters?

Logically, conquering Greenland makes zero sense and is only damaging to the United States. But to his supporters, it will make Trump look powerful and good. Which is why he's talking about it, and why I think there's a decent chance that he's going to do it. I just hope there are enough sensible people left in his idiocracy cabinet to stop him.

Re: Statement from Jerome Powell

#629

Post by AnimalMuppet »

cal_dent wrote: post #442
class3shock wrote: post #419

Earlier quoted context omitted.

When I first watched a bunch of Adam Curtis stuff I thought it a long winded way of stating bad things have happened and have resulted in these bigger, overarching, bad things. Thinking about it now 10 years later it feels alot different. The pervasiveness of tolerance of lies and fakeness has gone so far past anything I could have imagined being a big contributor to that.

For me, the key lies in the "We know they lie. They know we know they lie.". I'd argue that the transparency of lies is a fairly immature theme, relative to the long arc of history. Probably post-Iraq WMD is where I think it really started to ramp up and the emergence of virality/segmentation aspect of social media has really revved it up.

Perhaps post-Iraq in the west. It was that way behind the Iron Curtain long before then.

Re: Statement from Jerome Powell

#630

Post by insane_dreamer »

hash872 wrote: post #165

From an institutional engineering POV (warning- I am a grouchy old former political scientist), it would be interesting to come up with institutional solutions for some of the problems America is facing right now. Specifically I think I'd remove the Attorney General role from the President's authority and give it to Senate, to nominate & confirm exclusively. Let's say 51 votes to confirm and 55 votes to impeach. Even…

I believe that if Trumpism is overthrown (because that's probably what it will take) there will be considerable effort to change the rules and set up strong constraints on the executive branch that cannot just be worked around by blowing past the guardrails. Trump exposed how weak the balance of powers actually is and how much it relies on (somewhat) good actors.
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