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Scorching WaPo editorial tells Trump to own his bad economy and stop blaming the fed

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Federal Reserve Chairman Jerome Powell

In a scathing piece from the Washington Post editorial board, the team at one of the nation’s top papers told President Donald Trump to stop trying to pretend it’s the Federal Reserve’s fault for a slumping economy.

Trump has tried to claim that the economy isn’t just fine, but outstanding and excelling expectations. Yet, in the same breath, Trump claims that that the Federal Reserve is responsible for all of the problems he says don’t exist. It’s enough for The Post editorial board to note the economic message is “remarkably dissonant.”

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Trump decided to that the Fed must lower interest rates and engage in “quantitative easing” to lower bonds. It’s part of a tactic the Fed uses during tough times, which Trump says don’t exist. Even during the worst financial crisis in a generation, in 2008, “quantitative easing” was controversial. Then there is the matter of a payroll tax cut, something Trump said he was looking at before saying he wasn’t looking at it. But if there’s no crisis, then why is it necessary.

“We’re all for contingency planning,” The Post said. “Germany’s central bank just warned that Europe’s largest economy may be entering a recession. Brexit turmoil threatens to make the situation worse in Britain and elsewhere on the continent. In the United States, Mr. Trump’s ruinous trade policies will begin slamming consumers harder on Sept. 1. They are already hurting farmers and businesses whose global markets and supply chains have been disrupted.”

If the U.S. economic situation gets worse, they noted it would be nice to think the White House is ready for it and they know what to do. If none of these “considerations” are real, however, the White House isn’t ready.

“As economic stimulus goes, a payroll tax cut would be better than another tax cut aimed at the wealthy, and the cost might be justified in a recession. But it is not if the purpose is merely to keep the economic pump primed through Election Day 2020,” The Post explained. “If the president wants to promote growth and soothe equity markets, he should end his pugnacious trade policies and pressure British Prime Minister Boris Johnson to deal reasonably on Brexit — instead of attempting to transfer the blame for slowing growth to his own hand-picked Fed chair.”

Read the full editorial at The Washington Post.

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Fox News reporter and right-wing conspiracy theorists planned to wiretap family of slain DNC staffer Seth Rich: report

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The Daily Beast on Monday evening broke a bombshell report on a secret 2017 meeting in Texas on a right-wing conspiracy theory where espionage was discussed.

"One of their topics was responding to online critics of wealthy Texas businessman Ed Butowsky, who had recently been outed as a driving force behind a retracted Fox News story about murdered Democratic National Committee staffer Seth Rich," The Beast reported. "The group that gathered at Butowsky’s home included a conspiracy theorist, a Fox reporter fighting for her career, a former private intelligence contractor married to star journalist Lara Logan, and a Democratic PR operative who lost his business in the face of sexual assault allegations."

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Maddow breaks down potential ‘direct financial connection’ between the Russian government and Donald Trump

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MSNBC anchor Rachel Maddow read bombshell excerpts from a new book set for release on Tuesday.

The host interviewed David Enrich, finance editor at The New York Times, about his forthcoming book Dark Towers: Deutsche Bank, Donald Trump, and an Epic Trail of Destruction.

The host of "The Rachel Maddow Show" read excerpts from the book.

"There was no doubt that Deutsche Bank had extensive business dealings with Russia, and those dealings included acting as a conduit for dirty money to get out of Russia and into the western financial system," Enrich wrote.

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Trump said he ‘loved’ the fact that America is more divided than ever: ex-GOP congressman

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President Donald Trump bragged about increasing divisions in America during a White House meeting, a former Republican congressman explained on MSNBC on Monday.

Former Rep. David Jolly (R-FL) told host Joy Reid that "Donald Trump has intentionally tried to create the anxiety" that Americans are explaining.

"Garry Kasparov, the Russian freedom activist, has said the point of disinformation isn't to manipulate the truth, it's to exhaust your critical thinking," Jolly explained. "To exhaust your critical thinking, that's what we're experiencing as voters."

"I had a colleague that was in a meeting in the Roosevelt Room and he said he heard Trump say, 'Have you ever seen the nation so divided?' My colleagues and others said, 'No, we haven't.' Trump said, 'I love it that way.' This is the currency that he's peddling as political strategy, but it's not one we have to accept," Jolly explained.

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