@approxinfinity I agree that CNN has done lots of damage to democrats. They simply took off their mask of objectivity, and revealed they were completely, utterly corrupted in the tank for democrats. No doubts, no semblance, or even hint, or even a whiff of anything remotely suggesting any objectivity on any level. The modern day Pravda. I wouldn't be the least surprised if the DNC didn't send them a daily talking points memo to direct them what to report .No doubt CNN has done alot to fire up, and solidify the republican base.
A little bit like the Federal Reserve is doing with our interest rates. For 7 years of the Obama Administration, the Fed Reserve didn't raise interest rates 1 time. Now, in Obama's final year, they did raise interest rates a quarter of a point. Since Trump was elected, the Fed has raised interest rates 7 times. 7 times. Here's a blurb I found interesting from a deplorable website:
"CNBC reported in December 2015 that President Obama oversaw “seven years of the most accommodative monetary policy in U.S. history” (from the Fed). The Fed Funds rate was at zero for most of Obama’s time in office. Finally, in December 2015 after the Fed announced its first increase in the Fed Funds rate during the Obama Presidency.
The only Fed Funds Rate increases since 2015 were after President Trump was elected President. The Fed increased the Fed Funds Rate now seven times.
The Fed Funds Rate greatly impacts the economy:
Lower interest rates usually spur the economy by making corporate and consumer borrowing easier. Higher interest rates are intended to slow down the economy by making borrowing harder.
Increases in the Fed Funds Rate increase the cost of borrowing and the largest borrower in the world is the US government. With $20 trillion in debt, a 2% increase in interest payments equals $400 billion in annual interest payment increases or nearly a half a trillion dollars!
President Obama benefited from the lowest possible interest rates possible for seven of his eight years and in spite of this, nearly doubled the US Debt from $10 trillion to nearly $20 trillion. With no rate increases in interest rates, President Trump would arguably have a balanced budget to date. (Although the short term implications may not dictate this, the long term implications are clear.)
President Trump knows this and he previously stated that he is not happy with the Fed raising interest rates and killing the economy.
Last week with the DOW reached all-time highs, consumer confidence hit all time highs and unemployment hit its lowest rate in 50 years.
The Fed then announced they would raise rates some more!
The Fed’s Jerome Powell said at a meeting in Boston:
Federal Reserve Chairman Jerome Powell said Tuesday he sees no need to drop the central bank’s current gradual approach to raising interest rates.
Powell said the combination of steady, low inflation and very low unemployment shows the country is going through “extraordinary times.”
The markets almost immediately responded and in spite of the great news on the stock markets and jobs, the markets declined. Another Trump rally – another Fed interest rate block!
Yesterday as the market shed over 800 points, President Trump said the Fed has “Gone Crazy”. He really disagrees with what the Fed is doing.
The Deep State and the Fed don’t care about the American worker or taxpayer. It’s all about power. If they can tank the economy, decrease American’s 401ks and increase interest payments on the massive Obama debt, then they win.
The only thing stopping President Trump from balancing the US Budget and keeping the economy on fire is the Fed’s rising rates. Trump’s right again and again – the Fed’s actions show it favors the left. The Fed has gone crazy!"
