Trump blames Federal Reserve chairman he appointed for stock decline/job loss
10 replies, posted
https://www.politico.com/story/2018/11/27/trump-blames-fed-chairman-for-declining-stock-market-1021482
President Donald Trump on Tuesday blasted his Federal Reserve chairman and the central bank for a declining stock market and other economic woes.
“I’m doing deals, and I’m not being accommodated by the Fed,” Trump said in an interview with The Washington Post. “They’re making a mistake because I have a gut, and my gut tells
me more sometimes than anybody else’s brain can ever tell me.”
Trump blamed the Federal Reserve for prompting recent stock market declines and the laying off of 15 percent of General Motors employees announced this week.
The president had used a booming stock market this year as evidence of robust economic growth under his leadership. Observers have pointed out that the stock market is not a direct
indicator of economic health and that current growth trends appear to follow patterns set during the Obama administration, but Trump spurned those notions, claiming credit for
himself.
But as fortunes have taken another turn recently, Trump placed responsibility for the economy’s direction on other shoulders. Trump specifically named Federal Reserve Chairman
Jerome “Jay” Powell, whom he nominated last year.
“So far, I’m not even a little bit happy with my selection of Jay. Not even a little bit,” the president said in the Post interview. “And I’m not blaming anybody, but I’m just telling you I think
that the Fed is way off-base with what they’re doing.”
my gut tells
me more sometimes than anybody else’s brain can ever tell me.”
Once again, Trump is assuming that because his brain has the size and processing power of an expired walnut that everyone else must too. This is why putting narcissists in positions of power is a bad idea.
You'll always see him take credit, but you'll never see him take responsibility.
The buck stops anywhere but here.
Harry Truman had a plaque of the presidential desk that said "The buck stops here" he had another that said "I'm from Missouri"
Everything that goes well is his brilliant genius, all failures are the responsibility of whichever underling(s) he found to pin the blame on. Trump is never wrong, because the shattered, smoking crater where his self-esteem should be can't handle the notion of being a failure at even the slightest thing. Reality must bend and fold around him.
"Never my fault " in action once again, just as frustrating as the first, if not more.
Is that why he's so fat?
Seriously, like we have a spoiled goddamned four year old in office who throws tantrums whenever he doesn't get his way.
Trump sure knows the best people!
This was literally a Stephen Colbert joke at the George W. Bush roast:
https://www.youtube.com/watch?v=OBRKPoAPXEQ
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