On Saturday, a panel on MSNBC’s “Up with David Gura,” weighed in on President Donald Trump’s latest attempts to strong-arm Federal Reserve Chairman Jerome Powell into squeezing interest rates — and the real reason he might be so obsessed with this issue.
“There is a case for the fed to lower interest rates or take back that rate hike from December,” said CNBC analyst Ron Insana. “What the president is suggesting, and now one of his nominees is suggesting, is that rates should be back at zero. That’s for extreme duress. That’s what we saw in the great financial crisis, as you know, in 2008 and 2009. There is no reason to get aggressive about pushing interest rates lower, and this morning, last night, the president said that the Fed is the biggest problem facing the U.S. economy. That is just utterly absurd. The Fed has been extraordinarily responsible.”
“What I worry about most, David, is the president packing the Fed with sycophants and ideologues who are going to do his bidding,” he added.
“It’s him saying, you know what? I know that in my sector of the economy, low rates are extremely good. That’s the way he sees the world,” said Sunday Civics host L. Joy Williams.
“That’s real estate,” agreed Gura.
“I think when he talks about the economy … he’s not talking about it in terms of the average person or the average household,” said Williams. “He’s talking about people that he knows, real estate folks, big corporations. When he’s talking about preserving jobs, he’s talking about keeping companies or corporations here that would be so benevolent that they would give you a job. So that is how he sees the economy, and not necessarily on the skills gap or the squeeze that others are feeling.”
“And let us understand one salient point,” added Insana. “The Trump Organization itself has $340 million in adjustable rate debt, and if rates go up, that will hurt them as well.”
Cop says Alexandria Ocasio-Cortez should be shot following Trump’s racist targeting of The Squad
Following racist attacks on members of The Squad by President Donald Trump and his supporters, a police officer in Louisiana reportedly said that one of the congresswomen of color should be shot.
Trump has been lashing out at the four first-term congresswomen, who include Representatives Alexandria Ocasio-Cortez (D-NY), Ilhan Omar (D-MN), Ayanna Pressley (D-MA), and Rashida Tlaib (D-MI).
"A Gretna police officer posted a comment on his Facebook page this past week calling U.S. Rep. Alexandria Ocasio-Cortez a 'vile idiot' who 'needs a round, and I don't mean the kind she used to serve,'" NOLA reported Saturday.
Internet piles on ABC reporter for lavishing praise on Trump for allowing press to ask questions
ABC News reporter Kyra Phillips on Saturday heaped praise on President Donald Trump for his treatment of the press.
Despite the White House no longer holding daily press briefings, Phillips praised the "access" she receives from the administration.
"No matter what your politics are, I have to say that I appreciate the access ?Trump? gives us on a regular basis and the ability to ask any question," she said.
She tagged Stephanie Grisham in her tweet, who is Trump's latest press secretary. She also tagged her husband, John Roberts, who does not work in the White House, but works for Fox News.
‘Trump wants to start a race war’: Ex-advisor alleges his campaign planned ‘Send her Back’ chants
President Donald Trump is attempting to start a race war in America, a long-time advisor declared on MSNBC on Saturday evening.
Omarosa Manigault Newman was interviewed by Donny Deutsch on "Saturday Night Politics."
"You said could it happen here? It is happening here," Newman told Deutsch.
"As a woman of color watching him attack those four women, it made it very clear that Donald Trump is a clear and present danger to our democracy," she said.
"And everyone has been kind of tiptoeing what this actually is. Donald Trump wants to start a race war in this country and it started at that rally — it started with the tweets," she said.