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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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US ‘lies’ slammed after Mike Pompeo blames Iran for drone attacks without proof

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Iranian Foreign Ministry Spokesman Abbas Mousavi forcefully rejected Sunday unsubstantiated charges by by US Secretary of State Mike Pompeo and US Sen. Lindsey Graham (R-SC) regarding the recent drone attacks that caused serious damage to two crucial Saudi Arabian oil installations.

“It has been around 5 years that the Saudi-led coalition has kept the flames of war alive in the region by repeatedly launching aggression against Yemen and committing different types of war crimes, and the Yemenis have also shown that they are standing up to war and aggression,” Seyyed Abbas Mousavi said in a statement.

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Why are college students so stressed out? It’s not because they’re ‘snowflakes’

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Across the country, college classes are well underway, the excitement of the start of the year is waning and student stress is on the rise. Frantic calls home and panicked visits to student health services will start to dramatically increase. And before long, parents and observers will start wondering what is wrong with these kids. Why can’t they handle the pressures of college and just pull it together?

College student stress is nothing new. Anxieties over homesickness, social pressures, challenging course loads and more have been a common feature of the U.S. college experience for decades. But, without question, student stress levels and psychological distress are measurably worse than before. According to a national study published earlier this year in the Journal of Abnormal Psychology, major depression among young adults (18-25) rose 63 percent between 2009 and 2017. They also report that the rate of young adults with suicidal thoughts or other suicide-related outcomes increased 47 percent from 2008 to 2017.

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Kaiser healthcare workers plan for nation’s largest strike since 1997

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More than 80,000 Kaiser Permanente emergency medical technicians, nurses, respiratory therapists and other staffers are threatening to walk out of work next month, in what could be the nation's largest strike since 1997.

The authorization to strike, approved by 98% of the union members who voted, does not mean a walk out will happen, but it does allow union leaders to call one as early as Oct. 1, giving them leverage ahead of negotiations with the California-based health care giant. Kaiser Permanente, comprised of 39 hospitals and nearly 700 medical officers, serves more than 12 million members in seven states across the country.

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