'Cue The Meltdown': Wall Street Journal Exposes Trump's 'Biggest' Mistake In Decades
HuffPost
The newspaper said this move by the president is causing the markets to sink and confidence to plunge.
The Wall Street Journal is calling out President Donald Trump’s threat to fire Federal Reserve Chairman Jerome Powell for refusing to cut interest rates as Trump has repeatedly demanded.
The newspaper’s editorial board said that the problem isn’t interest rates. It’s Trump’s on-again, off-again tariffs — a recipe for higher inflation and slower growth that has caused markets to plunge and investors to worry.
The editorial board wrote:
“Mr. Trump thinks he can bully everyone into submission, but he can’t bully Adam Smith, who deals in reality. Markets know tariffs are taxes, and taxes are anti-growth. The Trump tariffs are the biggest economic policy mistake in decades, and extending the 2017 tax reform and deregulation may not compensate for all the damage.”
The scathing editorial comes after the White House said on Friday it was looking for ways to remove Powell, and Trump on Monday repeated his demand that Powell cut interest rates.
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The magazine found a way to truly make an ass of the beleaguered party.
“This is not what we voted for," said Florida state Sen. Ileana Garcia (R), while accusing Trump of undermining “the sense of fairness and justice.”
The victims were found lying on the sidewalk Sunday night along South Las Vegas Boulevard, police said.
"This Administration's actions are not about public safety — they're about stoking fear,” the former vice president wrote on social media.
Critics spotted a grand irony in the House speaker's remarks.
The president was also reminded of a massive hypocrisy.
The former Trump insider warned the billionaire of how the president plans to "drop the hammer."
Thousands took to the street in Los Angeles in response to Trump's extraordinary deployment of the National Guard against Gov. Gavin Newsom's wishes.
The president nearly took a dive as he climbed up the stairs on Sunday.
"I don’t think that’s heavy-handed," House Speaker Mike Johnson said about the possibility of sending active-duty military to respond to immigration protests in a major American city.
Trump went against Gov. Gavin Newsom to federalize 2,000 California National Guard troops to quell the protests against immigration raids in Los Angeles.
"You mean the 'Opportunity Society' and 'We're not going back' didn't stir the hearts of people living paycheck to paycheck, who can't afford healthcare, and who each month are squeezed through rising prices and inflation? Why, I'm surprised...not really."
Tear gas and smoke have filled the air on the southern outskirts of Los Angeles as confrontations between immigration authorities and demonstrators extended into a second day.