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re: Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Posted on 4/26/24 at 10:23 am to
Posted by Powerman
Member since Jan 2004
162225 posts
Posted on 4/26/24 at 10:23 am to
quote:

Fed lowered rates all throughout 2019 well before Covid.....

And our manufacturing base was at a ten year low during that same period. People have selective memory about the Trump administration which I'll admit was mostly good.
Posted by LSUminati
Member since Jan 2017
3366 posts
Posted on 4/26/24 at 6:10 pm to
quote:


I don't get this. We don't have a nationalized energy industry. Energy became very cheap during his administration due to lucky timing and technological advances in the industry that were already well underway (in spite of Obama).


Brother, what were the impacts of GEOTUS foreign policy on OPEC production during that time?
Posted by Powerman
Member since Jan 2004
162225 posts
Posted on 4/26/24 at 6:13 pm to
quote:


Brother, what were the impacts of GEOTUS foreign policy on OPEC production during that time?

Probably not as much as you think
Posted by BCreed1
Alabama
Member since Jan 2024
1071 posts
Posted on 4/26/24 at 6:25 pm to
You need to watch Little House on the Prairie.
Posted by ragincajun03
Member since Nov 2007
21255 posts
Posted on 4/26/24 at 6:25 pm to
quote:

It was doing well because of Trump's energy policy. A lot of critics dismiss easy energy policy but easy energy policy has profound positive economic impacts. When energy costs are low it's cheaper to HVAC your building, it's cheaper to deliver goods, it's cheaper to manufacture goods, it's cheaper to take that road trip, it's cheaper to buy airline tickets, etc., etc.


I agree with the aspect that a friendly domestic energy policy can help tame prices to an extent.

However, if COVID shutdowns hadn't happened, what do you think the average oil price per barrel and our national gasoline prices would have gotten down to?
Posted by BCreed1
Alabama
Member since Jan 2024
1071 posts
Posted on 4/26/24 at 6:28 pm to
AH! So this is another Anti Trump message from you.

People are going to remember what the prices were under Trump no matter how hard you try to tell them it was not
Posted by Powerman
Member since Jan 2004
162225 posts
Posted on 4/27/24 at 7:40 am to
quote:

AH! So this is another Anti Trump message from you.


Not really

Try to keep up
Posted by AUCom96
Alabama
Member since May 2020
4994 posts
Posted on 4/27/24 at 7:47 am to
quote:

FBI
DOJ
CIA
DOL
DOE




Fed



You have that very much backwards.
Posted by 4cubbies
Member since Sep 2008
50164 posts
Posted on 4/27/24 at 7:50 am to
quote:

So a govt agency should just do what it wants against the president’s plan?


Yes, including Congress and the Supreme Court. Unfettered power is not good for us.
Posted by Powerman
Member since Jan 2004
162225 posts
Posted on 4/27/24 at 7:52 am to
quote:



Yes, including Congress and the Supreme Court. Unfettered power is not good for us.

Correct. Especially since individuals have the ability to be obsessed with legacy and not look out for long term interests. If Trump controlled the fed it might be good in the short run but it would likely have very poor long term outcomes.
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