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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.”

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Read the full editorial at The Washington Post.


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Accused child molester Roy Moore defends Brett Kavanaugh: ‘I too was the object of false allegations’

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Accused child molester Roy Moore on Wednesday came to the defense of Supreme Court Justice Brett Kavanaugh, who has been accused of sexual assault.

Moore's remarks came after The New York Times published accounts from a new book, which found that two of Kavanaugh's accusers were credible.

In a statement to the press, Moore defended Kavanaugh on Wednesday.

"I too was the subject of false allegations, but unlike Justice Kavanaugh and others who have suffered the ire of the left, I filed suit against my accusers and their conspirators," Moore said. "For over two years, I have not seen nor been able to question any of those who went on national television tol tell their false stories just 32 days before the election in December 2017, and ironically I have been sued for defamation for merely denying their false and malicious accusations."

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Obama knocks Trump for cable watching and tweeting

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Trump’s violent rhetoric further illustrates what a weak coward he is: Yale psychiatrist

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On September 15th, President Donald Trump tweeted that America was "locked and loaded" to aid U.S. ally Saudi Arabia after reports surfaced that their oil supply was attacked.

"Saudi Arabia oil supply was attacked," Trump tweeted. "There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!"

Saudi Arabia oil supply was attacked. There is reason to believe that we know the culprit, are locked and loaded depending on verification, but are waiting to hear from the Kingdom as to who they believe was the cause of this attack, and under what terms we would proceed!

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